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- Management Dynamics : Journal of the Southern African Institute for Management Scientists
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- Volume 19, Issue 4, 2010
Management Dynamics : Journal of the Southern African Institute for Management Scientists - Volume 19, Issue 4, 2010
Volume 19, Issue 4, 2010
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 19, pp 2 –16 (2010)More Less
Contemporary market conditions no longer allow producers to classify their products as commodities or to enjoy the luxury of focusing only on sales strategies at the expense of product differentiation. However, the irony is that this is the exact approach followed by South African cement producers. This study proposes approaches that could be used to differentiate value propositions offered by cement producers, based on customer perceptions. Data were collected from 306 respondents, representing different business activities, by means of structured telephonic interviews, and analysed by means of correspondence analysis. The results suggest that customers do indeed attach different levels of importance to different value attributes, which indicates that value differentiation could be used as a viable marketing strategy in the cement industry. Indications are that customer value perceptions could be enhanced by the introduction of new or enhanced value attributes.
An assessment of the accuracy of financial researchers' estimates of the replacement value of a firm's non-current assetsSource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 19, pp 17 –29 (2010)More Less
In financial accounting and financial economics it is important to determine the replacement values of a firm's assets. These values are essential for the application of inflation accounting, the calculation of Tobin's q ratio, and for determining a firm's free cash flow. It proves to be a challenge to the external financial researcher, however, to accurately calculate the replacement values of a firm's non-current assets, owing to the considerable effects that inflation, the economic lifetime of non-current assets, and procurement strategies have on replacement values. Replacement values can be calculated by means of either very short or longer methods. A relatively short method (widely used by South African financial researchers) is based on the calculation of a single average age for all the non-current assets of a firm. This study has found that the single average age only yielded correct results during periods of no or constant low inflation over relatively short periods of time, and where assets are procured and replaced at a constant rate. For an external financial analyst, a more accurate option is to use the capital expenditure layering method.
An investigation into the internal structure of the learning potential construct as measured by the APIL-B test batterySource: Management Dynamics : Journal of the Southern African Institute for Management Scientists 19, pp 30 –55 (2010)More Less
This study presents an investigation into the internal structure of the learning potential construct as measured by the APIL-B test battery developed by Taylor (1997; 1994; 1992; 1989). Attempts at accelerated affirmative development will be effective to the extent to which there exists a comprehensive understanding of the factors underlying training performance success and the manner in which they combine to determine learning performance, in addition to clarity on the fundamental nature of the key performance areas comprising the learning task. In this study the internal structure of the learning potential construct as measured by the APIL-B test battery was investigated through structural equation modelling on a non-probability sample of police recruits. It was found that both the measurement and the structural model fitted the data reasonably well. In both instances the close fit null hypothesis was not rejected (p>0.05). The relationship hypothesised between Information processing capacity and Automatisation was corroborated. The direct paths that were hypothesised between Information processing capacity andLearning performance and between Automatisation and Transfer of knowledge were also supported. Finally support was found for the indirect effect of Information processing capacity on Learning performance mediated by Automatisation. The study, however, was unable to corroborate a number of the central hypotheses in Taylor's (1997; 1994; 1992; 1989) stance on learning potential. Recommendations for future research are made.