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MBA Global Operations Management, Project: Experience Curve

 

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Experience Curve Founder                                                                                   1
The Boston Consulting Group                                                                1

Economic Theory                                                                              1

Experience Curve                                                                              2

First Mover Advantage                                                                         2

Knowledge                                                                                      3

Cost Volume Curve                                                                             3

Company Objectives                                                                           4

Noise and Learning                                                                            4

Rapid Technological Learning                                                                        4

Learning Curve                                                                                          5

Experience Curve                                                                              5

Interoperability                                                                                          5

Sensitivity Analysis                                                                             6

Unit Cost Curve                                                                                          7

Economies of Scale and Learning Curve                                                                     7

Scale Economies                                                                               8

Accounting Ratios                                                                              8

Synergy                                                                                          10

Economies of Scale                                                                            12

Horizontal and Vertical Integration                                                           12

Capacity Utilization                                                                            12

Joint Production                                                                                         12

Innovation Stimulus                                                                            12

Core Competencies of the Firm                                                                           14

Learning Effects                                                                                            15

Advantages of Global Strategies                                                                         16

Overtime and Undertime                                                                                  18

Firing Employees                                                                               19

Turnover and Labor                                                                            19

Inventory Holdings                                                                             21

Competitive Advantage                                                                                22

Why Firms Differ                                                                                23

Experience Curve                                                                              24

Building Strategy on the Experience Curve                                                     25

Knowledge                                                                                      26

Qualitative and Quantitative Information                                                                27
Second Sourcing and Experience Curve                                                                 28

Learning Curve                                                                                          30

Learning Curve and Chemical Companies                                                      31

Learning Curve in a Competitive Industry                                                   32

Learning Curve and Uncertainty                                                                           33

MFG Learning Curve                                                                           33

WEB Links to my Work                                                                35

Growth Curve                                                                                   40

APICS Body of Knowledge                                                                    41

Reward Curve                                                                                   41

Bell Shape Curve                                                                              41

Application Specific                                                                           43

My WEB sites for Global Learning                                                                44

Core Competence of the Corporation                                                            48

Strategy and competitive Advantage                                                        48

Experience Curve                                                                              50
3 Types of Experience Curves                                                                51

Profiting From Global Expansion                                                                          52

Sustainable Advantage                                                                                 52

Total Factory Productivity                                                                     54

Firm Resources and Competitive Advantage                                                55

Competing on Resources                                                                      56

Assessing Corporate Performance                                                            57

TEST                                                                                            58

Answers to Test                                                                                 69

Learning Curve Lecture Layout                                                                        71

Learning Curve and Optimal Production                                                                 72

Learning Curve and Defense Department                                                   72

Flatting the Learning Curve                                                                   74

Battle the Learning Curve                                                                     75

Knowledge Based Learning                                                                   76

Cognitive Skills                                                                                          80

Prior Knowledge                                                                                90

Types Of Knowledge                                                                           91

Knowledge CASE Studies                                                                     92

Role OF Intelligence                                                                           97

Fluid Intelligence                                                                              100

Cognitive Psychology                                                                          101

Nonlinearity and Cognitive Studies                                                          102

How Important is Intelligence                                                                 104

Untangling Social Variables                                                                  105

Cognitive Abilities are Improved?                                                            108

IQ and Cognitive Skills                                                                                 109

Intellectual Resources in the Workforce                                                                   111

Expert Systems and Computer Systems                                                                  113

Structured Knowledge                                                                         115

Experience and Learning Curve Graphing                                                  117

The Universal Curve                                                                           119

Learning Curve in Nuclear Power Plant Operation                                         120

Learning and Behavior                                                                                 122

Projective Visualization: Learning to Simulate from Expeience                                       123

WEB Sites Core Competencies                                                                        124

Graduate Mgmt Program…Core Competencies                                                         126

Role of Core Competencies                                                                   129

Core Competency in the Air Force                                                           132

Strategic Planning VS Strategic Intent                                                               133

Barriers To Entry VS Barriers to Imitation                                                    134

The Inertness of Knowledge                                                                  136

Transformation of Personal To Social ..................KNOWLEDGE..                                        137

A new framework for value creation:                                                         139

Definition of AC                                                                                         141

AC at the Organizational Level                                                                        143

R&D and AC                                                                                    144

The Firm's Incentive to Learn                                                                 145

Lockout Demonstration                                                                                 145

Managing the company's technological assets.'                                                         147

1 Brainpower. and 2. Intellectual capital.                                                       151

Some caveats about intellectual capital:                                                                 153

3 Areas of Core Competency: Which One Is for You?                                          154

 

 

The Henderson Revolution

 

Michael Rothschild

 

This article appeared in Upside Magazine (December 1992).

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Bruce Henderson certainly didn't look like a revolutionary. No tattered army fatigues. No fiery rhetoric. He favored starched white shirts and pinstripe suits. He always spoke softly, in the measured, almost halting, manner of a southern gentleman. But Bruce Henderson had the "right stuff" of a genuine revolutionary -- profoundly new ideas that change the way society works.

 

Bruce Henderson, the originator of modern corporate strategy and founder of The Boston Consulting Group (BCG), died this summer in his hometown of Nashville, Tennessee. He was 77. I didn't know Bruce that well. Back in the late 1970s, when I was a fresh-faced MBA, happy to be a number-crunching peon at BCG, Bruce was a far-off figure -- the big boss. Whenever I ran into him in the office, I came down with a severe case of cotton-mouth.

 

But two years ago, after he read the galleys of Bionomics, we began a correspondence and talked for hours about our shared passion -- rebuilding economics with concepts borrowed from evolutionary biology. With the enthusiasm of avid sports fans, we argued over how business strategy, organization design, and public policy would be reshaped by the blending of biology and economics.

 

Trained as an engineer, Bruce Henderson became fascinated with economic ideas for terribly practical business reasons. Back in the days before he established the discipline of corporate strategy, making the big decisions about a company's long-term future was pretty much a "seat of the pants" affair. The CEO, with perhaps a few senior executives and board members, would sit around and talk until they came up with a plan that seemed sensible. "Bet-your-company" decisions like launching a new product line, acquiring a subsidiary, or shutting down a factory, were made on little more than intuition.

 

A rigorous analytical approach to making key decisions was impossible, because there were no guiding strategic principles, no theories that could be turned into quantifiable models. Standard economic models existed, of course, but every sophisticated businessman knew that the economists' mythical kingdom of "perfect competition" bore no relationship to reality. To turn corporate strategy into a credible discipline and consulting assignments that major clients would pay major money for Henderson had to find a hard link between business and underlying economic forces. Since the realities of business life were not about to change, that meant rethinking the most basic ideas of traditional economics.

 

Henderson's search began with highly detailed analyses of production costs. Early in his career, while a purchasing manager for a Westinghouse division, he wondered why suppliers who produced their goods in virtually identical factories often put in bids at dramatically different prices. Economic theory said it wouldn't happen. Producers using similar capital equipment were supposed to have similar unit costs and offer roughly the same prices. But economic theory was wrong. In case after case, actual unit costs varied dramatically among suppliers. Henderson didn't know why, but he had zeroed in on the crucial question.

 

Then, in 1966, shortly after he founded BCG, a study for Texas Instruments' semiconductor division revealed the answer. When TI's unit cost data for a particular part was plotted against the company's accumulated production experience, the cost of the part declined quite predictably. For example, if the 1000th unit off the line had cost $100 to make, the 2000th unit would cost 80% as much, or $80. By the time the 4000th unit was produced, it would cost just $64 ($80 x 80%). Every time cumulative experience doubled, unit costs dropped about 20%. Though it's "old hat" among today's high-tech managers, the notion of predictably declining costs was a radical concept when Bruce Henderson began teaching companies about the "experience .............................................CURVE..........................................." a quarter century ago.

 

During the 1970s, Henderson's concept became the foundation of modern corporate strategy. For the first time, it was possible to explain why building a factory just like your competitor's didn't mean you could match his costs. If he had a head start in experience, you could wind up chasing him down the experience .............................................CURVE............................................ If you both sold at the market price, he'd make money on every unit, while you'd be lucky to break-even.

 

Once the experience .............................................CURVE........................................... was understood, the importance of being the first one to enter a new market became clear. Properly executed, the preemptive strike could mean long-term market leadership and long-term profits. Similarly, the experience .............................................CURVE........................................... explained why defending market share mattered. Raising prices to boost short-term profits sold off market share, slowed experience growth, and often handed over low cost leadership to an aggressive competitor. It's a scenario that's been played out hundreds of times as "experience conscious" Japanese competitors have overtaken their "profit conscious" American rivals. Armed with the experience .............................................CURVE..........................................., Bruce Henderson was the first one to explain and warn against this suicidal corporate strategy. Without him, many more American firms would have been overwhelmed.

 

Simply put, Bruce Henderson's experience ..............................................CURVE........................................... explained how an industry's past shapes its future. Where conventional economics had banished history by blithely assuming that "technology holds constant," Henderson used the experience .............................................CURVE........................................... to show how the new insights generated by practical experience were translated into higher productivity and lower costs. Where conventional economics taught the "law of diminishing returns," Bruce Henderson taught the "law of increasing returns." Where mainstream economics taught that marginal unit costs must rise at some point, Henderson proved that marginal unit costs continually fall. That's why companies are always eager for more orders.

 

In literally thousands of exhaustively detailed studies in industries as diverse as paper tissues, gasoline refining, life insurance, medical electronics, motorcycles, and microprocessors he and his BCG colleagues proved that all competitive organizations learn from experience, that there are no limits to productivity.

 

When the cost/performance potential of a particular technology is nearly exhausted, an industry will shift to a substitute technology and begin a new "experience .............................................CURVE............................................" For example, even as the airlines have shifted from one aircraft technology to the next, their cost/seat-mile has kept falling, opening up air travel to the entire population. By substituting new ..................KNOWLEDGE....................... for labor and materials, experience-driven innovation keeps pushing costs down. As Henderson put it, when a firm is properly managed, its "product costs will go down forever."

 

Though he concentrated on the practical problems of clients, Henderson knew full well that the experience .............................................CURVE........................................... had undermined the intellectual foundation of mainstream economics. In 1973, he wrote: The experience .............................................CURVE........................................... is a contradiction of some of the most basic assumptions of classical economic theory. All economics assumes that there is a finite minimum cost which is a function of scale. This is usually stated in terms of all cost/volume .............................................CURVE...........................................s being either L shaped or U shaped. It is not true except for a moment in time. . . Our entire concept of competition, anti-trust, and non-monopolistic free enterprise is based on a fallacy.

 

By the early 1980s, the lessons of the experience .............................................CURVE........................................... led Henderson to shift his thinking beyond the bankruptcy of mainstream economics. He began to imagine a new and far more powerful kind of economics. The realization that organizations are not static machines but complex, dynamic systems that learn from experience, led him to begin seeing companies as living, growing organisms. Following this logic, Henderson began to argue that the competition in the economy's market niches was remarkably like competition in nature's ecologic niches.

 

Many of his former colleagues thought Henderson had gone off the deep-end with this "biology thing." But instead of retiring quietly and resting on his considerable prestige, he plunged ahead, ready as ever to break the mold, start fresh with a radical concept and explore its implications. In 1989, shortly before his 75th birthday, Henderson published "The Origin of Strategy" the article that would be his last for the Harvard Business Review. In it, he concluded, "Human beings may be at the top of the ecological chain, but we are still members of the ecological community. That is why Darwin is probably a better guide to business competition than economists are." Just as the "experience .............................................CURVE..........................................." was scorned for years before being accepted by business school professors, the biologic paradigm will eventually become a core part of the business school curriculum. And, with academic economists, like Stanford's Brian Arthur and Kenneth Arrow, now daring to describe the "economy as a complex, evolving system," there is even some hope that Bruce Henderson's revolution will finally sweep away the nonsense that still passes for mainstream theory. Who knows? If the academics finally grasp how the economy really works, there may even be hope for the politicians. I'm often asked whether the work of the great Austrian economist F.A. Hayek inspired me to write Bionomics. Despite my unending admiration for Hayek, the short answer is no, I'd never read him. Bruce Henderson inspired me to rethink the received economic wisdom. Without his "experience .............................................CURVE...........................................," there is no final and fully satisfying explanation for falling costs, rising incomes, and the phenomenon of economic growth. More than anyone else, he made it both possible and necessary for economic thinkers to break free of the static, zero-sum mentality that has gripped the "dismal science" for 200 years. Bruce Henderson gave us the key to "positive-sum" economics. Thanks for the revolution, Bruce.

------------------------------------------------------------------------

 

 

 

A discussion of objectives should touch on a number of topics, and a good essay would cover several of the following points.

 

Without objectives a company has no explicit direction, and there may be no basis for consistent decision making over time. Strategic planning process models typically locate objective setting as the primary decision making activity. The following factors affect objective setting: the size of company, corporate versus SBU objectives and risk aversion. Objectives are not necessarily immutable once they have been determined, but can be adjusted in the light of changing circumstances. Objectives are typically set by the top layer of management; the type of objectives pursued are to some extent determined by the characteristics of decision makers, for example prospectors as opposed to analysers. Techniques such as gap analysis can be used in the process.

 

It is necessary to distinguish between means and ends. There are many possible dimensions to objectives: financial objectives, economic and non-financial objectives, social objectives, behavioural objectives, measurable objectives and ethical considerations.

 

All organisations face the problem of ensuring that individuals act in accordance with objectives; this is the principal agent problem. Some issues which relate to overcoming the principal agent problem are credible and achievable objectives, disaggregated objectives, feedback and communication, evaluation and incentives.

 

 

 

 

Noise and Learning in Semiconductor Manufacturing

 

Roger E. Bohn

-----------------------------------------------------------------------

ABSTRACT:

Rapid technological learning is critical to commercial success in VLSI semiconductor manufacturing. This learning is done through deliberate activities, especially various types of experimentation. Such experiments are vulnerable to confounding by process noise, caused by process variability. Therefore plants with low noise levels can potentially learn more effectively than high noise plants.

 

 

1. Introduction

 

Rapid technological learning about manufacturing processes is critical for success in many industries. New process startups require particularly rapid learning. Production volume must be increased rapidly while costs are brought down. In fact the speed and success of the ramp to high volume is determined by the rate at which problems and opportunities on the line are detected, diagnosed, and solved.

 

 

It is clear that process variability, by obscuring the true cause and effect relationships in the manufacturing process, makes process improvement and learning more difficult. For example, two plants making the same product but with different process variability, will have different functions relating managerial effort to the rate of process improvement, and therefore have learning .............................................CURVE...........................................s of different slopes (See Zangwill and Kantor, 1993 for a formalization of the concept of managerial effort versus slope of the learning .............................................CURVE............................................ A more general discussion of learning issures is (Jaikumar and Bohn 1992)). But despite the importance of rapid process improvement in many technology driven industries, process variability and its impacts on learning have received little analytical or empirical analysis. For example, the extensive literature on learning .............................................CURVE...........................................s is devoid of discussion about process noise as a factor influencing the rate of learning (Dutton and others 1984).

 

 

Finally, there is an economics literature on process improvement. Most models of improvement are based on the concept of the experience .............................................CURVE..........................................., which relates declining cost to increases in cumulative production volume. Consistent evidence across many studies and industries shows that the rate of cost improvement (per unit of volume) varies across companies and plants making the same product using the same technology. Dutton and Thomas (1984) survey 200 studies of cost reduction .............................................CURVE...........................................s over time, and comment that contrary to widespread assertion, [the slope of the experience .............................................CURVE...........................................] depends on firm behavior, i.e. is not determined solely by the technology. Nonetheless there has been little effort to study the micro-foundations of the experience .............................................CURVE............................................

 

 

However, the full potential of a Global Information Infrastructure may not be realized if it does not embody the principle of interoperability. The need for interoperability to interconnect heterogeneous systems, services, and applications appears to become only more important, as it becomes more difficult to achieve given the rates of technical and market change (RPCP, 1994). We argue that interoperability is different than compatibility as discussed in previous work (Farrell and Saloner, 1985; Katz and Shapiro, 1985). The main difference is that compatibility defines the interoperation of components, such as technologies, users, and standards, within a system. Interoperability exists when information and services may be accessed from a user of one system while the content may reside on another system. This is consistent with the definition of interoperability used by the Computer Systems Policy Project (1994).

 

 Interoperability, therefore, may be present within a heterogeneous communications environment while compatibility results from one dominant system.

 

Enabling interoperable heterogeneity, we argue, may be the only way to meet the diverse needs of users given their consumer preferences, and provide the best incentives for innovation.

 

 The last model is a production model which discusses the learning .............................................CURVE........................................... effects as technology components are shared across applications and industries, which is consistent with economies of scale and scope literature (Hax and Majluf, 1989). The benefits of interoperability are shown to extend to consumer and producer hardware markets in an open communications infrastructure.

 

The sensitivity analysis of the model showed that the parameter with the most sensitivity is the experience .............................................CURVE........................................... factor. As the experience .............................................CURVE........................................... of a particular industry was increased the benefit of interoperability decreased because there was less to gain by learning from another industry. The message to standards bodies from this model is that standardization of an immature technology may actually decrease the interoperability benefits.

 

 

Copyright 1992 The Bionomics Institute

Growing and Winning

 

 

 

Have you been spending too much of the last few years rationalizing or re-engineering -- cutting expenses, inventory and people?

 

Now that you're leaner, we think it's time to turn your focus on winning and growing once again. Competitive strategy rooted in the economics of your business can be the blueprint for that sustained growth.

 

In every business, a few leveragable economic relationships -- the key sources of comparative advantage -- give one company competitive superiority. In many businesses, these drivers, like economies of scale, the experience .............................................CURVE..........................................., or run length economics, relate increased throughput to lower unit cost. More volume makes your business immediately more profitable.

 

Using low costs to grow. Higher profits creates the steerage to pursue faster growth by pressing the cost advantage further -- driving down an experience .............................................CURVE..........................................., for example-- or leveraging other downstream sources of comparative advantage. Both can create even higher potential profits.

 

You need to figure out how to leverage lower costs to grow even faster, gain share and thwart competitive assaults. Growing this way, rather than through raw price cutting, can have great long term benefits. In financial services, for example, Fidelity's investment and volume have always given the company lower costs for transactions, for statements and reporting, and for marketing than most companies. (Figure 1 is our estimate of the relationship between volume and cost to serve).

 

As cumulative output increases movement up the experience .............................................CURVE........................................... (down the unit cost .............................................CURVE...........................................) becomes slower, because each additional 20% cost reduction requires a doubling of output. The advantage conferred by experience is continually being eroded. In Figure 6.3 company Y has a substantial unit cost advantage over company X at the first point, when cumulative output to data was Y1 and X1 respectively. By the second point company Y has increased its cumulative lead in output terms, i.e. output Y2 is now much greater than output X2, but the unit cost advantage has almost disappeared.

 

The difference between economies of scale and experience effects has some strategic implications. If there are significant experience effects to be exploited, the company has a limited time to take advantage of them because of the reducing percentage effect as cumulative output is increased. If there are also significant economies of scale in the industry, the company which is first in and is bigger than competitors has the potential for an early cost advantage. A company which feels it has a cost advantage over rivals should attempt to identify where the advantage is derived. If it is from experience effects, the advantage can be expected to decline over time; if it is from economies of scale the advantage will be retained so long as competing companies do not increase in size.

 

 

 

Economies of scale and the Experience ...............................CURVE

 

This is an idea which is much used but is frequently misunderstood. The concept of economies of scale starts from the notion of comparative statics, i.e. what the cost of production would be at different scales of operation. It is concerned with the average cost of production in relation to the productive capacity of a company. For example, if the productive capacity of a company were doubled, economies of scale would exist if the average cost fell. The empirical evidence on economies of scale is mixed: in some industries it is significant, and in others it hardly exists. The difficulty in attempting to measure the impact of scale economies in real life is that it is not merely the increase in productive capacity which is relevant, but whether the higher productive capacity is based on a more efficient combination of labor and capital. It may be that some larger companies have not selected the optimum combination of inputs, and hence do not benefit from potential scale economies; this does not mean to say that they do not exist and that they might not be exploited by some companies in an industry. It may be that the difficulties of managerial coordination beyond some company size make it impossible to benefit from potential scale economies.

 

The incidence of scale economies helps explain why some industries are dominated by a few monopolistic companies while others are characterized by a large number of small companies. There are pronounced scale economies in industries such as electricity production and car manufacturing; however, in industries such as specialized machine tool production there may be considerably less scope for economies of scale. One of the problems faced by state regulators is to ensure that competitive pressures can be brought to bear in an industry dominated by a monopolist without sacrificing scale economies.

 

Economies of scale tend to be confused with the experience .............................................CURVE..........................................., which relates to the reduction in average costs resulting from the total volume of output to date. For example, one of the factors contributing to the experience .............................................CURVE........................................... is the degree to which employees learn to do their job more efficiently over time. Experience is a dynamic notion which, while being related to economies of scale in that the larger a company the more output it will have produced, is conceptually independent of economies of scale.

 

The research carried out on this issue reveals that the effect of experience varies among companies and industries; it is to be expected that the evidence on experience will be mixed because of factors such as variations in production techniques by industry, differences in managerial ability to take advantage of its potential effects and exogenous shocks. A general view of the empirical evidence is that it suggests that a doubling of output has the potential to lead to a 20% reduction in average cost. Whether this can be used as a benchmark for individual companies is a matter for managers to resolve, but there seems little doubt that there is a potential for experience effects in most areas of activities. An important aspect of the empirical findings is that the effect is not linear, i.e. it takes successive doubling of output to achieve the same proportional cost reduction. This would produce a relationship between experience and unit cost of the following shape:

 

Accounting Ratios

 

The company has at its disposal a great deal of information which it can use in identifying the effectiveness with which resources are being, or have been, allocated. It is at this point that an apparent disagreement between the practitioners of finance and those of accounting needs to be clarified. Various problems in using ROI as an investment appraisal criterion have been discussed; the balance is heavily in favor of using the formal tools of financial appraisal in determining how resources should be deployed in the future. But formal financial techniques do not reveal how well resources are actually being deployed; the type of question which confronts the company includes: Are we moving up the learning .............................................CURVE...........................................? Are we producing the level of sales value per person employed which we originally thought possible? Are we making effective use of our capital? Are we keeping inventories under control? The list of questions relating to effectiveness is endless, but they can be tackled by using historical accounting information relating to costs and revenues. Therefore the theory of finance provides the tools for allocating resources in the future; accounting procedures reveal the efficiency with which resources have been allocated to date.

 

The approach is to identify a set of useful ratios which relate inputs and outputs in a meaningful fashion, and track these over time. It goes without saying that individual ratios have limitations, but it is not suggested that ratios should be used blindly. Rather, they provide information on dimensions of company performance. The ratio approach, in fact, has wider ramifications than simply letting management know how resources are being deployed. Anyone with access to company accounts can find published ratios, and by digging into accounts can produce his own. This information can have implications for the price of the company's shares in the market. Thus the company which is not being run effectively as indicated by a variety of ratios may find its share price affected, and as a result may be susceptible to a takeover.

 

The objective of calculating accounting ratios is to assess the effectiveness with which resources have been allocated in the past. The ratios are a useful tool for analyzing accounts; they help to reduce the amount of information in the accounts which require analysis, and can identify potential weaknesses in company management. Since the objective of ratios is to simplify the complexity of accounting information, it would be pointless to use a vast number of ratios. However, there is no definitive set of ratios which will provide the correct information for managers; not only are there many ratios to choose among, individual ratios can be defined in different ways. It is therefore necessary to select a number of potentially useful ratios which can be employed over a period of time to ensure the consistency of the information from which the ratios are derived. The following ratios are typically encountered in company accounts:

        

                ROI Return on Investment

                        RONA Return on Net Assets

                     ROCE Return on Capital Employed

                                 DEFINITION

                      (Revenue-Costs)/(Assets-Loans)

              -------------------------------------------

                       ROTA Return on Total Assets

                                 DEFINITION

                           (Revenue-Cost)/Assets

              -------------------------------------------

                      ROAM Return on Assets Managed

                                 DEFINITION

                     (Revenue-Cost)/(Assets Managed)

              -------------------------------------------

                             Revenue Generation

                                 DEFINITION

                               Revenue/Assets

              -------------------------------------------

                                Value Added

                                 DEFINITION

                       (Revenue-Cost)/(Labor Cost)

              -------------------------------------------

                             Earnings Per Share

                                 DEFINITION

                    (Revenue-Cost)/(Number of Shares)

              -------------------------------------------

 

 

 

The reactive option might be to divert resources from that product. These resources could be kept employed but not used, or allocated to another product, or fired, in which case firing costs would be incurred. The problem is that any learning built up in the labor force may be lost, because if employees are subsequently re-allocated to the product they may start again at the bottom of the learning .............................................CURVE............................................ There are therefore a number of potential costs associated with this option which might not be obvious at the time, but which become apparent later when the company starts to realise that its costs are higher than those of competitors. The point to bear in mind is that competitors may not be making these mistakes, and may end up with lower unit costs.

 

A non-reactive option is to produce for inventory, with a view to ceasing production before the end of the product life cycle. This avoids firing costs, and ensures that labor keeps moving up the learning .............................................CURVE...........................................; against this must be set the additional cost of holding inventories. There is, of course, no point in producing for inventory if the market is not large enough ultimately to sell off everything produced. However, even a rudimentary degree of foresight can avoid this error. Another reason for holding inventory is to ensure that unexpected future increases in demand can be satisfied. The optimum inventory to hold for this purpose depends on the assessment of future prospects, and this involves prediction and risk analysis.

 

The reactive option may be to re-allocate resources from other products for which there is already an inventory, or attempt to hire more resources. Re-allocation will generate hidden costs in terms of the learning .............................................CURVE..........................................., while hiring more resources will result in hiring costs. If the increase in demand is short lived, the costs of meeting the higher level of demand could be much greater than the value of the additional sales. It is therefore necessary to take a view on how long the excess demand is likely to persist.

 

There are other options which may not be immediately obvious. Since part of the demand which is not satisfied will disappear through backlog withdrawals in any case, the price could be raised, and/or marketing expenditure reduced, to equalise demand and supply; this would have the effect of leaving no unsatisfied customers, since only those willing to pay the higher price would actually buy the product. From the marketing strategy viewpoint, it is necessary to determine what impact this will have on market share, and whether it will be permanent; in other words, it is not just the market share this quarter which might be affected, but market share over the rest of the product life cycle. Competitors may react aggressively by taking the opportunity to reduce their prices, thus causing a much greater impact on market share than would otherwise be the case.

 

Synergy: an Elusive Efficiency Goal?

 

A rationale often advanced for diversification into different markets and products is that a single company engaged in diverse activities has a higher level of performance than a number of individual companies; this notion differs from economies of scale and experience in that it is independent of the size of the company, or of the total output to date.

This concept is known as synergy. It would lead to the situation where a corporation was valued at more than the sum of the value of its individual parts if they could be separated.

 

In business terms, synergy can be thought of as the 2+2=5 effect; Fuller defines it as

 

...behavior of integral, aggregate, whole systems unpredicted by behavior of any of their components or subassemblies of their components taken separately from the whole.3

 

Some successful companies attribute at least part of their success to synergy. It is therefore important to determine whether synergy can be predicted and therefore capitalised on in formulating strategy. For example, no one would expect a synergistic effect from a company which produces ball bearings taking over a company producing ice cream; but is it possible to use the concept as an operational tool to tell the ball bearing company which type of company to take over? While the idea of synergy has an intuitive appeal it turns out to be a difficult principle to pin down in practice.

 

There are two problems in attempting to benefit from synergy as a consequence of company actions. The first is to identify where the benefits of synergy are likely to be generated. The second is that there is little empirical evidence which can guide the company in individual situations; in other words, synergy may be little more than wishful thinking on the part of companies engaged in expansion who have heard that synergy is an outcome of diversification.

 

The Components of Synergy.

 

Some texts give the impression that synergy is an almost mystical effect which makes itself apparent in cost and marketing advantages, without being explicit about the mechanism which actually causes these effects. There are in fact a number of areas from which the effects of synergy are likely to originate.

CORPORATE MANAGEMENT

 

There may be possibilities for individual SBUs to share common indivisible resources, and to eliminate excess capacity. However, this is not a case of 2+2=5, but simply making the optimum use of capacity. This benefit is more properly related to production management.

 

A different corporate management issue is that similarity among SBUs may make them more amenable to management than a series of SBUs in unconnected markets. This begs the question of what is meant by "similar". An SBU which has recently been added to the company may produce similar products, but may have inherited a management structure and ethos which is totally alien to the corporation.

 

Synergy at the corporate level may be identifiable after the event, but whether the addition of any given SBU to an existing company would generate a positive synergistic impact is impossible to predict.

 

ECONOMIES OF SCALE

 

While synergy is different from economies of scale, it is possible that some dimensions of scale economies can be captured by diversification into similar products. This is related to the notion that there is a carry over from experience in similar production and selling environments; operating in a series of similar markets has elements of doing more of the same thing, which is the notion underlying both economies of scale and experience effects.

 

This argument is not very compelling to the economist, whose rigorous definition of economies of scale takes into account the optimum deployment of labor and capital. The mere fact of expanding some functions is no guarantee that scale economies will result.

 

HORIZONTAL AND VERTICAL INTEGRATION

 

The potential for economies in both types of integration is well known. These economies are related to capacity utilisation, transport costs and so on. They are usually related to more efficient use of resources, and do not really accord with the notion of 2+2=5.

 

CAPACITY UTILIZATION

 

A company may have concealed excess capacity, in the sense that its labor force could undertake additional tasks without significant increases in wages or numbers employed, factory space may not be fully utilised, and so on. This potential benefit resembles that of similar SBUs making use of each other's spare capacity from time to time.

 

JOINT PRODUCTION

 

It has already been discussed how joint production permeates the modern multi-product company. Take the case of two sheep farmers, one of whom produced only wool and the other produced only meat. If they were to merge their operations there would obviously be scope for sheep producing both wool and meat. There are likely to be many instances of much more subtle benefits from joint production in modern companies.

 

INNOVATIVE STIMULUS

 

The mere fact of incorporating another area of activity may spark off new ideas and approaches. While this is an undoubted possibility, it is unlikely to be predictable.

 

Even a rudimentary examination of the sources of synergy throws up an important point: while synergy may exist it is unlikely to be predictable. From the strategy viewpoint there is no basis on which to conclude that a particular course of action would lead to a predictable reduction in costs due to synergy. It is likely that synergy is the outcome of complex interaction effects specific to individual companies, with the contributing factors varying from case to case.

 

Empirical Evidence

 

Because of the problems of defining and identifying synergy, it is extremely difficult to generate data which can be used as the basis of statistical analysis. An attempt has been made using the large scale PIMS database, which contained questions relating to synergy potential in the fields of sales, operations, investment and management4. The approach adopted was to compare the ROI of companies which claimed synergistic potential with the ROI of those which did not. The outcomes demonstrated that while the overall return to synergy was positive, the pattern of returns was mixed. In summary, it was found that:

 

On average, synergy has a significant effect on ROI, but the magnitude depends on both the specific generating components and the type of business.

 

Among the four components of synergy affecting ROI, the results across all SBUs suggest that on the average sales synergy results in higher ROI.

 

Operating synergy has a mixed pattern; for example, purchases from other SBUs depress ROI, and sales within the company have no effect on ROI.

 

Investment synergy depresses ROI.

 

Management synergy increases ROI.

 

None of the business types analysed benefit from synergy across all four dimensions of synergy.

 

This study suggests the impact of synergy varies substantially with circumstances, and that synergy may have negative as well as positive effects. Thus, despite its intuitive appeal, and despite the exhortations of management texts to capitalise on synergy, it cannot be taken for granted that potential synergy will have a positive impact on ROI. Perhaps this is not surprising in view of the difficulty of identifying where synergy effects are likely to be derived. A great deal more information requires to be generated on this issue prior to formulating usable rules for managers. From the strategy viewpoint, managers should confront claims that benefits will accrue from synergy with questions about where the effects are likely to come from, and what evidence exists that they will be significant in this instance.

 

Some of the issues involved in take-overs were discussed at 3.3, together with the poor record on subsequent performance experienced by well known companies. Perhaps one of the motivating factors for take-overs which fail is the assumption that there will be benefits from synergy; having taken a hard look at the reasons for synergy benefits, and the empirical evidence, it seems that take-overs which are based only on the expectation of synergy are unlikely to succeed.

 

 

 

WEAKNESS: HIGH TURNOVER

 

The relatively high turnover rate means that the costs of hiring are higher than they otherwise would be, and the labor force is on average not as far up the learning .............................................CURVE........................................... as it would be if the labor force were more stable. In fact, it is partly because of the full capacity operation that the turnover rate is so high.

 

 

Core Competencies of Firms

 

A. What determines which firms produce what goods?

 

1. Trade theory tells us where goods are produced and why production locations may change over time. It does not predict which firms do the production. What would determine this?

 

2. Familiarity with the home environment gives home firms have inherent advantages at producing products made in their own countries--laws, customs, language, etc. This implies that home firms will tend to produce at home.

 

3. However, some firms might have the expertise to minimize these disadvantages. Moreover, they might be better at production than home firms in certain countries. Therefore, these companies might be able to produce in foreign countries which gives rise to multinational companies.

 

4. The multinational enterprise can minimize the disadvantages inherent in engaging in business abroad, therefore it can do business anywhere, easily respond changes in factor abundance, and adapt its activities to the product life cycle.

 

 

 

The Strategy of the Firm

 

1. value creation: producing a product valued by customers. Firms increase their profits by increasing value to customer through customization, quality improvement or greater service. It also increases profits by reducing costs.

 

2. the firm is a value chain: a firm may be thought of as composed of a series of value creating or cost-reducing activities. What is the value chain of an automobile producer?

a. Perhaps, design, production, marketing and distribution, after-sales servive. Production involves parts manufacture and procurement, and assembly. Accounting, personnel management, and financing are supporting activities.

 

3. firm strategy concerns identifying and taking actions that will create value or reduce costs.

 

Core competence

 

1. Core competencies are skills within the firm that competitors cannot easily copy or imitate.

 

2. What is the source of a firm's core competence? Technology and managerial know-how, reputation, or cost advantages based on experience .............................................CURVE........................................... effects: learning effects and economies of scale.

 

(1) Learning effects: These are cost savings that come from learning by doing. With practice, more efficient practices are developed. This results in higher productivity and managerial efficiency.

 

Learning effects will lead to lower costs regardless of volume……keep reading, 1 more page…learning effects!!!

 

(2) Economies of scale: Average costs are reduced by producing at higher volumes. Often this results from spreading fixed costs over more units. Average costs also fall when variable costs decrease with output (due to, for example, bulk purchases.)

 

Economies of scale at the plant level: may stem from fixed costs of plant and equipment, plant management, etc.

 

Economies of scale at the firm level: may stem from fixed costs of marketing, research and development, accounting, finance, etc.

 

Economies of scale at the national level: the presence of a well developed "diamond" may lower the cost of industry production as scale increases.

 

When experience .............................................CURVE........................................... economies exist, so do first-mover advantages. A company that is first to develop a new product will enjoy, at least temporarily, advantages over rivals associated with experience .............................................CURVE........................................... economies.

 

Firms with strong core competences are capable of global expansion. Furthermore, global expansion enhances core competencies through:

 

(1) realizing greater experience .............................................CURVE........................................... economies: economies of scale imply costs will fall when output is increased. If economies of scale are at the plant level, however, then single-site production may be optimal.

 

(2) realizing location economies: The theory on the competitive advantage of nations indicate the particular nations should specialize in goods that intensively use their abundant factors of production. This implies that certain goods should be produced in specific countries.

 

Examples of leading MNEs and their core competence. (Toyota, Coca Cola, McDonalds)

 

 

Alternative strategies

 

global strategy: Dispersing value creating activities in single production sites around the globe to take advantage of experience .............................................CURVE........................................... and location economies.

 

Multidomestic strategy: Establishing a complete set of value creating activities in each market.

 

 

 

 

 

 Advantages of global strategies

 

(1) Firms can locate activities in locations that offer the lowest costs for that activity.

 

(2) Since specific activities are concentrated in single sites, plant-level economies of scale may be realized. There is no unnecessary replication of fixed costs and bulk orders may translate into lower costs.

 

(3) Learning effects are maximized as managers can concentrate on specific activities and develop new methods. This contrasts with a multidomestic strategy where transferring ideas is difficult among autonomous national subsidiaries.

 

 

 

Drawbacks associated with concentrating operations in single sites

 

(1) trade barriers

 

(2) transportation costs (especially for products with high weight-to-value)

 

(3) additional risks: more exchange rates to contend with as well as political risks

 

(4) distance between production and customer: difficult to assess unique customer requirements (need for local responsiveness) between value creating activities: Interactions between R&D centres, production plants, and suppliers may be inefficient when activities are dispersed.

 

These problems may justify the use of a multidomestic strategy.

 

Choosing the best strategy

 

1. Obviously, the best strategy depends on the industry. A global strategy is good when location and experience .............................................CURVE........................................... economies are available. A multidomestic strategy better serves markets where local responsiveness is required.

 

2. Is it possible to create a strategy that achieves low costs and local responsiveness? While some trade-off is inevitable, these objectives can partly be achieved by dispersing activities where location and experience .............................................CURVE........................................... activities are important while placing other activities in major markets. Some firms put assembly facilities in major markets. This allows some tailoring to local tastes while maintaining low-cost production.

 

IMPLEMENTING AND EVALUATING STRATEGY 

 

A major problem is to identify a benchmark to assess the relative effectiveness of resource use. For example, it may be found that unit cost has increased for two consecutive quarters, but the price of factor inputs and raw materials has also increased. It is therefore necessary to disentangle the effects of changing productivity and changing input prices, but this can be difficult to do in practice. One possibility is to attempt to estimate what is happening to competitors' costs and compare the company's performance with theirs. One reason why competing prices may decline over time is that competitors are becoming more efficient, and have moved up the experience .............................................CURVE..........................................., and the general reduction in competitive costs is reflected in lower prices. Therefore competing price could be used as a benchmark when assessing changes in unit cost over time. For example, if unit cost increased by 6% one quarter, and input prices had increased by about 7% generally, it could be concluded that the company was continuing to increase productivity; however, if the competing price increased by only 4%, there is a clear implication that competitors have been able to accommodate the factor price increases more effectively.

 

A sudden increase in unit cost requires analysis of each determining factor before any conclusions can be drawn.

 

The Learning Effect

 

Empirical evidence suggests that a doubling of the number of units produced by a worker results in approximately a 20% increase in productivity. Consequently, unit cost would be expected to diminish quickly at first, with the reduction tailing off as the impact of the learning effect diminished. If unit cost does not fall significantly in the early stages of a product's life there are at least two potential reasons: first, it is could be because of poor labor management, for example, it may be that indiscriminate hiring and firing has resulted in labor being added continuously to the bottom of the learning .............................................CURVE...........................................; second, the market for the product could be growing fast, with the result that additional labor is continually being added to production. The full impact of learning on unit cost can only be observed when demand for a product has stabilised. Once it is judged that most of the impact of the learning effect has worked through, unit cost should be substantially lower than in the early stages of production. If this is not the case there is clearly something far wrong.

 

In order to assess the impact of learning on productivity it is necessary to split the labor force into cohorts, i.e. the number of workers with different amounts of experience. This might look something like the following:

 

 

The learning effect

 

     ---------------------------------------------

     Number of Workers  Quarters of  Expected

                        Experience   Learning (%)

     ---------------------------------------------

          50               1           20

           2               2           10

         175               3            5

          15               4            3

         100               5            2

     ---------------------------------------------

 

While the calculation of the net impact of experience on productivity can be complicated, the weighted effect on productivity of moving up the learning .............................................CURVE........................................... can certainly be assessed; this can then be translated into an expected reduction in unit cost.

 

The learning effect is a component of the experience effect, which includes issues such as lower wastage rates, marginal improvements in production techniques and improved understanding of markets and consumers, all of which play a role in reducing unit cost over time.

 

Overtime and Under time

 

One way of keeping a constant workforce is to work under time when demand is low and overtime when demand is high. Since the overtime rate is much higher than the standard rate, it is to be expected that unit cost will be higher when overtime is worked. However, in the early stages of a product life when demand is increasing it is possible to use overtime working to keep only those workers with experience on the product. Thus relatively large productivity increases can be balanced against overtime payment rates in the short run. But in the longer run, when all learning effects have worked through, overtime working will result in unit cost being higher than it otherwise would have been.

 

A potential cost associated with working a non-standard work week is that both overtime and undertime working lead to increased attrition rates; thus if overtime working is significant there will be a self generating spiral, where the high overtime rate leads to high attrition, in turn leading to the need to work even more overtime. Since there is an upper limit to the work week, workers will eventually have to be hired to replace attrition and they enter at the bottom of the learning .............................................CURVE..........................................., thus reducing average productivity. The cumulative effect of attrition rates makes it difficult to pursue a strategy of overtime working designed to maximize the learning effect.

 

Firing and Attrition

 

One of the arguments advanced in favor of a "no firing" policy is that employees become uncertain about their own future when they see colleagues being fired. This can lead to an increase in the attrition rate. Thus not only does it cost the company in redundancy payments to fire a group of employees, the higher resulting attrition rate could have a significant effect on average labor productivity.

 

Turnover of Labor: Cost Implications

 

All companies are subject to turnover of the labor force due to attrition. Some attrition is inevitable: for example, because of the age structure of the labor force, a certain proportion will leave the labor force each year; some employees can be expected to leave due to personal circumstances, and this may be related to the age structure because there is a tendency for young people to be more mobile. Some attrition is partially under the control of the company, such as those employees leaving because of better pay and conditions offered by other competing companies. The attrition which occurs for reasons outside the control of the company leads to a "normal" rate of turnover which the company does not need to be concerned with, since it can do nothing about it; the problem is to identify what the normal rate is, so that action can be taken if the actual turnover rate exceeds it. Establishing the normal rate is a matter for the individual company, because no two companies are identical in terms of the composition of their labor forces.

 

There are two types of cost arising from turnover: the direct replacement hiring cost, and the indirect productivity costs.

 

The direct cost arises from the process of search to replace employees who have left. This includes advertising and interviewing, both of which take up resources which could be used for other purposes; these costs are not trivial, and it can cost about a quarter of a year's wages simply to find a replacement. A further problem is that there is a time lag between setting the process in motion to acquire workers and their actually starting work. It takes time to advertise and interview applicants, and if the worker is in another job, notice must be given to the current employer. The net effect is that a worker who leaves today cannot be replaced immediately. Thus if the labor force is to be stabilised, the attrition rate must be predicted and replacements continually sought.

 

There are a number of indirect costs associated with labor turnover. The resources spent on training are lost if the worker leaves to work for another employer. One of the problems faced by companies is the cost of providing their workers with transferable skills: once the worker has been trained it is worthwhile for another employer to offer a higher wage which is less than the new employer would have paid in training that worker. Thus the company incurs the initial training cost, and the benefits can be subsequently shared between the trained worker and the new employer. On balance, it may be more efficient to reduce the training budget and increase service incentives to encourage employees to remain in the company.

 

Another indirect cost is caused by the reduction in average productivity which occurs when a new worker replaces an existing worker. The new employee takes time to become familiar with the job and to make progress up the learning .............................................CURVE............................................ As a result, it is to be expected that a company with a relatively high labor turnover rate will also have a relatively high unit cost.

 

There is a substantial potential cost saving advantage with a stable labor force, but it may not always be possible for a company to maintain stability. Some companies claim that they have a "no firing" policy, which is partly intended to minimize attrition caused by insecurity of employment prospects. While it is feasible for a company to pursue a "no firing" policy so long as the demand for its products is constant or increasing, when there is a downturn in demand, and at the same time some products reach the end of their life without any replacements on the horizon, the company can very quickly change its view. Managers need to be able to distinguish between short and long term changes in labor requirements.

 

Although the demand for products varies, this does not mean that production should always match demand; in some periods output can be produced to inventory, thus achieving the benefits of learning .............................................CURVE........................................... effects and balancing the costs of inventory against lower unit cost. Thus the planning of how to meet demand can have implications for turnover rates and for productivity generally. If output is merely produced in reaction to current demand there could be serious implications for relative unit cost and hence for competitive advantage.

 

Capacity Utilization

 

It is very unusual to find a company which is operating at exactly 100% capacity utilisation. This arises for several reasons. First, some productive assets are indivisible, for example, in order to increase output by 10% it may be necessary to install machines with an additional capacity of 30% because this is the smallest size of machine on the market. Second, fixed assets must be acquired in the expectation of future demand because of the lags involved in installing and starting up production. Since the acquisition is carried out on the basis of predictions, it follows that sometimes these predictions will be wrong, and too much or too little capacity will be acquired. Third, the company can make an explicit decision to install excess capacity to enable future increases in demand to be met when there is uncertainty about when this might occur. While these are all to some extent unavoidable reasons for the existence of excess capacity at any one time, the fact remains that a continuing mismatch between capacity and demand will lead to costs being higher than they otherwise would have been, and the consequent whittling away of competitive advantage.

 

Managers need to address various dimensions of capacity utilisation. At the factory level, are factories being utilised fully, for example, is one factory operating with only one assembly line? Is it worth while running a factory at 10% capacity simply in order to produce a few more units? At the labor level, some workers may be in the unused labor pool, and the cost of this must be balanced against hiring and firing costs if the internal demand for factors has been varying; alternatively, labor may be on overtime with implications for overtime rates and attrition. Intuitively, it would seem optimum to have full capacity utilization and a stable labor force; if this is not the case it is important to assess why it is not, and identify the costs and benefits involved. In its fullest sense capacity utilisation is a dynamic concept, and attention should be paid to capacity utilisation over the life of a product, and over significant periods for the company as a whole, rather than to individual time periods.

 

 

 

 

Inventory Holdings

 

No manufacturing company can operate with zero material inventories; on the other hand, a company producing services does not hold product inventories, since anything which is produced and not consumed immediately is lost. Inventory holdings can impose significant costs on the company, although they may not be obvious. In the first instance, it is clearly important to gear materials inventories as closely as possible to requirements. This is consistent with the "just in time" approach. The cost of holding inventories is the storage cost plus interest foregone (or the interest paid on additional debt which would not otherwise have been incurred).

 

The difficulty arises in attempting to define what is meant by "as closely as possible". The question of optimal inventories has an apparently simple answer in principle: hold sufficient inventories so that the company can be confident of meeting current orders out of current production and inventories combined. The optimality question then hinges on the notion of "confidence". For example, a company which is risk averse will attempt to hold higher inventory levels than one which is more willing to take risks. Taking dynamic factors into account adds another perspective: if demand is expected to grow relatively quickly in the future, the company may consider it more efficient to produce for inventory so that the labor force can be stabilized. Inventory holdings must be seen in the context of the overall strategy of the company, and it can be misleading simply to trade off the cost of holding inventory against the cost of meeting current demand as and when it arises. There is a potentially high cost associated with producing insufficient quantities to meet demand; the costs of not fulfilling orders can be high because some unsatisfied customers will go to alternative suppliers. Thus market share can be affected, with the attendant implications for competitive advantage.

 

Managers should not be lulled into thinking that sophisticated inventory handling techniques will magically generate the correct answer on how much inventory to hold. Inventories are as much a factor of production as labor and capital, and have a role to play in strategic management. Inefficient inventory control will, of course, have an adverse effect on costs, but a short term cost minimizing approach to inventory control is not necessarily the best approach.

 

The net implication of the influences which affect optimum inventory holdings is that their use as a performance measure is subject to a great deal of interpretation. The production manager who attempts to minimise inventories without considering the wider implications for the company could wreak havoc with delivery schedules, market response and unit cost.

 

The Definition of Competitive Advantage

 

A major objective of strategy is to generate competitive advantage in core products. How can competitive advantage be recognized? It is hardly sufficient to wait until a product becomes a "Cash Cow" and then conclude that competitive advantage has successfully been achieved; the conditions for competitive advantage can be viewed as prerequisites for advantage, and there is no guarantee that they will actually occur. If a product which managers feel has all the characteristics of competitive advantage does not turn out to be profitable, it could be because of a weakness in one of the elements which go towards making up competitive advantage. The following shows some of the main elements of competitive advantage in a stable market:

 

 

     ---------------------------------------------------

     COMPETITIVE ADVANTAGE IN A STABLE MARKET

     ---------------------------------------------------

     Characteristic              Advantage

     High Market Share           Relatively Low Cost

     No New Customers            Barriers to Entry

     Contracts Exist             Low Selling Costs

     Fixed Plant Capacity        Full Utilization

     Stable Labor Force         Top of Experience .............................................CURVE...........................................

     ---------------------------------------------------

 

 

If capacity is not fully utilised it may be because of indivisibilities or poor resource management. Finally, a stable labor force has the potential to progress up the learning .............................................CURVE...........................................; this potential will not exist if turnover rates are high.

 

 

 

CARROLL, G (1993), A sociological view on why firms differ, Strategic Management Journal, 14, 237-49

Much of the theory and research that seeks to explain why firms differ actually addresses the question of why successful firms differ. The question of why firms differ must ignore the question of success and deal with the complete heterogeneity of all firms in existence.

Scholars from various social science disciplines have identified and documented relevant sources of firm heterogeneity, including:

 dispositional - the importance of individual personalities;

 situational - the importance of circumstances in encouraging entrepreneurship;

 spin-offs - the potential of existing firms to beget new firms;

 internal change - the transformation of organizational structure in existing firms;

 environmental sources - diversity of resources on which firms depend (technological change, political change, ethnic change); and

 organizational blueprints - the original basis of organizational design structure.

There are a number of theories and models which seek to explain strategic success. Most indicate that efficiency is the dominating equilibrium criterion, although the models vary widely in their assessment of this term:

 Porter’s (1980) economic model, which implies that a firm’s market positioning is the key to success;

 Contingency Theory, which specifies that size, technology and environment are the determinants of efficient organizational structure;

 Resource Dependence Models, which stress the ability of firms to reduce environmental uncertainty in explaining firm differences;

 Process Models, which highlight the important link between strategy and organizational structure and process;

 Dispositional Models, which focus on the personal characteristics of the CEO;

 Transaction Cost Economics, which hold that efficiency is dependent on cost minimization;

 Organizational Ecology, which stresses the survival motive of firms as being a differentiating factor; and

 Institutional Theory, which proposes that normative (rather than efficiency-based) models drive organizations.

Most of these theories are adaptation-based, while others, such as organizational ecology, are selection-based. Strategic management is concerned with both approaches and, as such, should not only be concerned with the likely success of particular actions once implemented, but also with the risks entailed in undertaking the actions in the first place.

 

 

 

 

DAY, G & MONTGOMERY, D (1983), Diagnosing the experience .............................................CURVE..........................................., Journal of Marketing, 47, Spring, 44-58.

While considerable disenchantment has surrounded early applications of the experience .............................................CURVE..........................................., EC strategy remains a useful organising framework when scale, technology and learning effects are key forces in the environment. It is also clear that measurement and interpretation problems have to be overcome before the .............................................CURVE........................................... can be productively applied.

The notion behind the experience .............................................CURVE........................................... is that value-added costs, net of inflation, decline systematically with increases in cumulative volume (as opposed to calendar time). Progressive reseach has shown that there are various types of experience .............................................CURVE...........................................s, as some products have greater scope for improvement than others; and that there are different sources of observed experience effects, the three major ones being:

 learning by doing, technological advances, and scale effects.

Learning encompasses the increasing efficiency of labor via improved methods and work specialisation. Technological improvements, in the form of new products and processes or changes in the resource mix, can also produce substantial economies and/or yield improvements. Economies of scale, resulting from increased efficiency due to size, are another source of EC effects, especially with respect to investment and operating costs. Increasing scale also creates the potential for volume discounts, vertical integration and the division of labor.

Normally, it is difficult to separate the contributions of scale, learning and technology, partly because the learning process usually coincides with the expansion of scale. However, various studies have shown that, while scale plays an obvious role in the experience effect, it is not nearly as important as technology and learning. One study of the US chemical industry, for example, revealed that only 10-15% of the efficiency gains were due to scale effects, while 32-75% were ascribed to learning. Despite its difficulty, decomposing the experience .............................................CURVE........................................... in this way is critical to informed strategic application. This is because: cumulative experience does not guarantee automatic cost reductions, but simply presents management with an opportunity to exploit; and, where cost reductions are primarily being driven by scale economies, then cumulative experience may be unimportant to the relative cost position.

A variety of experience .............................................CURVE...........................................s can exist within a specific market, depending on whether one is concerned with:  costs or prices,  total costs or elements of cost,  the effect of industry or company accumulated experience, or  dynamic or static comparisons.

 

Three combinations of these variables are particularly interesting because they lead to experience .............................................CURVE...........................................s which are interdependent but have very different strategic implications.

 

These are the company                 cost compression CURVE............which is derived from internal cost and production records;

the competitive cost comparison  ....CURVE................, which relates the relative cost positions of the competitors in an industry;

 

and the industry price experience .......CURVE..........................................., which relates the industry average price to industry cumulative experience.

 

The insights gained from these three types of ....CURVE...........................................s depend on numerous judgments with regard to the treatment of costs, inflation, shared experience, and the definition of the units of analysis. These judgments can significantly limit the strategic relevance of EC analysis.

 

Building strategy on the experience CURVE

 

Harvard Business Review, 63, March-April, 143-49.

While many managers see the experience .............................................CURVE........................................... as out of date, experience .............................................CURVE........................................... strategies can improve competitive performance in some situations. However, successful use of the .............................................CURVE........................................... requires an understanding of how it works and when to apply it.

Use of the experience .............................................CURVE........................................... concept began over thirty years ago to describe the mathematical relation between the cumulated output of a product and its costs. Studies have shown that production costs usually decline by 10%-30% with each doubling of cumulated output. This has led to the view that the way for a firm to attain cost advantage is to cut price in order to buy share. The increased share of current output is then supposed to propel the aggressive firm’s costs down the experience .............................................CURVE........................................... more rapidly than its rivals’, thus improving its relative position.

 

History has shown, however, that such a strategy can be a recipe for failure, because the experience .............................................CURVE........................................... is rather more complex than the simplistic market share prescriptions often attributed to it.

 

Experience .............................................CURVE........................................... slopes, for example, vary widely from product to product, and may be as steep as 60%, or may not occur at all. This is because: a) cost reductions rarely occur automatically - they must be earned, and b) some products and processes have greater potential for improvement over time than others. Experience .............................................CURVE........................................... strategies usually gain greatest leverage early in a product’s life cycle when cumulated output doubles very rapidly. A major danger in this stage, however, is that a company wanting to get a head start can invest in the wrong technology. In mature or declining industries, EC strategies are usually less effective because cumulated output doubles so slowly and nearly all experience-related cost reductions have already been attained.

 

Most experience .............................................CURVE........................................... applications confuse three cost reduction sources which are not easy to separate: exogenous progress, economies of scale, and basic improvements learned from cumulated output, all of which have different implications for strategy. Where exogenous progress is the primary source of cost reduction, for example, it is imperative for a firm to maximise bargaining power with its suppliers and buyers. Alternatively, if scale economies drive costs, then the aggressive pursuit of market share is required to sustain competitive advantage.

 

The most sustainable route to cost advantage, however, rests with improvements learned from cumulative output.

 

The big difficulty with cost reductions is that companies cannot always keep them secret from competitors. Such leakages can seriously reduce the strategic advantage associated with aggressive output expansion because followers can simply imitate and attain cost proximity without having to make comparable investments.

 

Another drawback of vigorously pursuing the experience .............................................CURVE........................................... is that it usually requires large investments in automation or penetration pricing in the hope of future profits.

 

Unexpected surges in demand can also cause disruption to experience .............................................CURVE........................................... strategy because production systems cannot handle them efficiently, thus raising costs and reducing labor productivity substantially.

 

Careful analysis of the competitive arena is also necessary to expose the potential traps in applying EC strategies. Here, industry structure, the relative position of key competitors, and the impact of government, especially with regard to its competition policy and the cost of capital, are the key variables to consider.

 

Unlike BCG experience .............................................CURVE........................................... theory which says that learning occurs as a function of cumulative production volume, quality improvement theory says that, properly managed, learning occurs as a function of time, where the time required for each cycle of improvement is largely a function of the complexity and bureaucracy of the organization. It follows that open and objective communication between people and between organizations is essential for learning and quality improvement. Teamwork should be encouraged as an effective way to introduce ..................KNOWLEDGE....................... and modify behavior; and information systems must reflect common goals and performance measures for all managers, to encourage cooperation rather than conflict and competition within organizations.

..................KNOWLEDGE....................... about how organizations learn is still relatively primitive, highlighting the need for collaborative research between business schools and industry to promote innovation and competitiveness. In fact, it is suggested that the rate at which individuals and organisations learn may become the only sustainable competitive advantage, especially in ..................KNOWLEDGE.......................-intensive industries. The challenge, then, is to discover new management tools and methods to accelerate organizational learning, build consensus for change, and facilitate the change process.

 

Another factor which is often cited as contributing to the end of the product life is that of competitive pressures. It is a fact of life that as time progresses, more companies are likely to enter a market, while companies already in the market tend to become more efficient as they gain the advantage of the experience .............................................CURVE............................................ But this argument stems from the confusion between the product life cycle as defined here, and the behaviour of an individual company's sales. Increased competitive pressure does not affect the total size of the market. While the company may be faced with declining sales and profits as a result of increased competition, this can be independent of the size of the market.

 

The second factor is the impact of experience on costs.

 

A company with the highest market share to date must have a higher cumulative output to date than its competitors, and hence its labor force has the potential to be higher up the learning .............................................CURVE..........................................., resulting in lower per unit labor costs. As a company produces additional units of output, other factors also contribute to continuing cost reductions; these include fewer rejects and better designed production lines. The combination of the effect of the learning .............................................CURVE........................................... and these influences results in what is known as the experience .............................................CURVE...........................................; research suggests that each doubling of output leads to a 20% reduction in unit cost because of experience effects.

 

Thus having a high market share confers two types of cost advantage on the company: economies of scale and experience effects. The combination of the two is a potentially important determinant of relative production costs.

 

Expanding the basic model to include unit cost gives the following:

 

 

Revenue = Total Market * Market Share * Price

 Outlay = Number of Workers * Wage Rate +

          Units of Capital * Price +

          Units of Material * Price

          Unit Cost = Outlay/(Total Market * Market Share)

 

 

 

The potential advantage conferred by a higher market share is that unit cost will be lower than that of competitors.

 

From the analysis of product life cycles it is known that the product is in one of the stages of growth, maturity or decline. The stage of the product life cycle is of central importance to strategy, because both revenue and costs are significantly affected by what is happening to the total market.

 

Cash Cow

 

This is the product which is achieving economies of scale, is further up the experience .............................................CURVE........................................... than competitors, and is faced with relatively costless competition. From time to time the company may have to take action to ward off competition against a Cash Cow but, by and large, this is the product which makes the company money.

 

The BCG model is an example of how market information can be used to develop strategy. Coupled with a view on the product life cycle, the portfolio model provides indicators of the appropriate course of action to follow with individual products.

 

5.12 Qualitative and Quantitative Information

 

The fact that information is qualitative does not mean that it cannot be used in an analytical fashion. Typically, qualitative information will indicate whether something is likely to increase, decrease, or remain unchanged; knowing about the direction of change can be extremely valuable on its own, independent of the expected dimension of change. Social analysis can be used in assessing the direction of possible movements in the demand .............................................CURVE........................................... for existing products; opportunities may lie in the anticipation of new trends, while threats may be identified in factors such as changing fashions.

 

A great deal of economic analysis is based on qualitative rather than quantitative information. Changes in factors are identified in general terms, and their likely implications are derived from the application of economic concepts, without being concerned with the precise dimensions of the outcomes. It is always possible to refine analyses with additional data, but the first step is to ensure that appropriate ideas and concepts have been applied, and the general pattern of likely outcomes identified.

 

 

Second Sourcing and the Experience .............................................CURVE...........................................: Price Competition in Defense Procurement

 

 

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Volume: Volume 18, No. 1

 

Issue: Spring 1987

 

Pages: pp. 57-76

 

Authors: James J. Anton and Dennis A. Yao

 

Title: Second Sourcing and the Experience .............................................CURVE...........................................: Price Competition in Defense Procurement

 

Abstract: We examine a dynamic model of price competition in defense procurement that incorporates the experience .............................................CURVE..........................................., asymmetric cost information, and the availability of a higher cost alternative system. We model acquisition as a two-stage process in which initial production is governed by a contract between the government and the developer. Competition is then introduced by an auction in which a second source bids against the developer for remaining production. We characterize the class of production contracts that are cost minimizing for the government and that induce the developer to reveal private cost information. When high costs are revealed, these contracts result in a credible cutoff of new system production in favor of the still higher cost alternative system.

 

 

 

 

 

 

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Second Sourcing and the Experience .............................................CURVE...........................................: Price Competition in Defense Procurement

 

 

------------------------------------------------------------------------

Volume: Volume 18, No. 1

 

Issue: Spring 1987

 

Pages: pp. 57-76

 

Authors: James J. Anton and Dennis A. Yao

 

Title: Second Sourcing and the Experience .............................................CURVE...........................................: Price Competition in Defense Procurement

 

Abstract: We examine a dynamic model of price competition in defense procurement that incorporates the experience .............................................CURVE..........................................., asymmetric cost information, and the availability of a higher cost alternative system. We model acquisition as a two-stage process in which initial production is governed by a contract between the government and the developer. Competition is then introduced by an auction in which a second source bids against the developer for remaining production. We characterize the class of production contracts that are cost minimizing for the government and that induce the developer to reveal private cost information. When high costs are revealed, these contracts result in a credible cutoff of new system production in favor of the still higher cost alternative system.

 

 

 

 

 

 

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The Learning .............................................CURVE........................................... in a Competitive Industry

 

 

------------------------------------------------------------------------

Volume: Volume 28, No. 2

 

Issue: Summer 1997

 

Pages: pp.

 

Authors: Emmanuel Petrakis, Eric Rasmusen, Santanu Roy

 

Title: The Learning .............................................CURVE........................................... in a Competitive Industry

 

Abstract: We consider the learning .............................................CURVE........................................... in an industry with free entry and exit and price-taking firms. A unique equilibrium exists if the fixed cost is positive. Although equilibrium profits are zero, mature firms earn rents on their learning, and if costs are convex, no firm can profitably enter after the date the industry begins. Under some cost and demand conditions, however, firms may have to exit the market despite their experience gained earlier. Furthermore, identical firms facing the same prices may produce different quantities. The market outcome is always socially efficient, even if it dictates that firms exit after learning. Finally, actual and optimal industry concentration does not always increase in the intensity of learning.

 

 

 

 

 

 

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The Learning .............................................CURVE........................................... and Pricing in the Chemical Processing Industries

 

 

------------------------------------------------------------------------

Volume: Volume 15, No. 2

 

Issue: Summer 1984

 

Pages: pp. 213-228

 

Authors: Marvin B. Lieberman

 

Title: The Learning .............................................CURVE........................................... and Pricing in the Chemical Processing Industries

 

Abstract: Data on 37 chemical products are used to test a number of hypotheses about the learning .............................................CURVE........................................... and industrial price behavior. The results document a strong and consistent learning effect. Learning is found to be a function of cumulated industry output and cumulated investment rather than calendar time. Standard economies of scale appear significant but small in magnitude relative to the learning effect. Variations in the slope of the learning .............................................CURVE........................................... are linked to differences in R&D expenditures and capital intensity. Market concentration is found to be a strong influence on price flexibility and the timing of learning-related price changes.

 

 

 

 

The Learning .............................................CURVE........................................... and Competition

 

 

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Volume: Volume 12, No. 1

 

Issue: Spring 1981

 

Pages: pp. 49-70

 

Authors: A. M. Spence

 

Title: The Learning .............................................CURVE........................................... and Competition

 

Abstract: This article develops a model of competitive interaction and industry evolution in the presence of a learning .............................................CURVE............................................ The learning .............................................CURVE........................................... is a function relating the unit costs of the individual firm to accumulated volume. The responses of the model to shifts in parameters are explored through calculated examples. The paper also used a two-period model to explore differences between open and closed-loop equilibria, and to assess the impact of learning spillover effects from one firm to the next.

 

 

 

The Learning .............................................CURVE........................................... in a Competitive Industry

 

 

Title: The Learning .............................................CURVE........................................... in a Competitive Industry

 

Abstract: We consider the learning .............................................CURVE........................................... in an industry with free entry and exit and price-taking firms. A unique equilibrium exists if the fixed cost is positive. Although equilibrium profits are zero, mature firms earn rents on their learning, and if costs are convex, no firm can profitably enter after the date the industry begins. Under some cost and demand conditions, however, firms may have to exit the market despite their experience gained earlier. Furthermore, identical firms facing the same prices may produce different quantities. The market outcome is always socially efficient, even if it dictates that firms exit after learning. Finally, actual and optimal industry concentration does not always increase in the intensity of learning.

 

 

The Learning .............................................CURVE........................................... and Optimal Production under Uncertainty

 

 

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Volume: Volume 20, No. 3

 

Issue: Autumn 1989

 

Pages: pp. 331-343

 

Authors: Saman Majd and Robert S. Pindyck

 

Title: The Learning .............................................CURVE........................................... and Optimal Production under Uncertainty

 

Abstract: This article examines the implications of the learning .............................................CURVE........................................... in a world of uncertainty. We consider a competitive firm whose costs decline with cumulative output. Because the price of the firm's output evolves stochastically, future production and cumulative output are unknown and are contingent on future prices and costs. We derive an optimal decision rule that maximizes the firm's market value: produce when the price exceeds a critical level, which is a declining function of cumulative output. We show how the shadow value of cumulative production, the total value of the firm, and the decision to produce depend on the volatility of the price and other parameters. Uncertainty increases the critical price required for the firm to produce, but also increases the value of the firm. Thus, during periods of high volatility, firms facing a learning .............................................CURVE........................................... ought to be producing less, but are worth more.

 

 

 

 

MFG.Learning .............................................CURVE............................................

 

 

 

I'd expect this data to take a negative log form, since the problem effectively describes the manufacturing learning .............................................CURVE............................................ However, I defined several functional forms as candidates: F={+, --, *, SIN, COS, EXP, LOG}. My measure of fitness is the average error between the predicted times and the actual times. For each form, I designed (like Koza, using Lisp) a set of four equations for which I substituted one or more of these transformations. For example, one of those generated was the simple linear-regression form (+ A (* B X)). (A and B are the y-intercept and slope, respectively, calculated as a part of each form.) The result after each generation was 24 different functional forms. I threw out the 12 worst and combined aspects of the most-successful 12 in different ways. My best effort, after three generations, was (+ A (* COS (B) (LOG (* X (-- 0 1))))), which is reasonably close to the negative log answer I'd expect.

 

The genetic programming approach may be one of the best proposed so far for the slippery concept of machine learning. The computer produces a range of possible outputs, examines the algorithms that produced those outputs, keeps the best ones for another trial, and produces more through the genetic-recombination process. The system is clearly learning to produce a reasonable output.

 

Upon reflection, genetic programming seems comparable to supervised-learning neural-network techniques. What's the difference between genetic programming and this class of neural networks? Both have the capability of learning, both deal well with nonlinear systems, and both can be viewed as a black box. At one level, the two concepts are clearly related. Through successive trials, each attempts to converge upon an acceptable solution. There are also analogies to fitness, in that possible solutions are discarded if they do not conform well to the expected output.

 

What is different is the learning algorithm. A neural network adjusts coefficient values as the error is propagated back through the network. It has no "memory" and can return to previous states based on succeeding inputs. The genetic algorithm, on the other hand, tries to improve the overall population fitness in each succeeding generation. Koza gives an example of a genetic technique to choose the appropriate neural-network structure to solve a problem. For anyone who has ever attempted to build a neural net before, this is an attractive alternative to the usual trial-and-error approach. Lisp is Koza's language of choice for experimentation in genetic programming. There are advantages to using Lisp, not the least of which are the easy manipulation of symbols and the ability to rapidly prototype different genetic structures.

 

Genetic programming won't replace traditional, procedural programming anytime soon. Most of the programming problems we deal with have exact and readily available solutions. Genetic programming is similar to the expert-system paradigm in that it seeks acceptable, though not necessarily the best, solutions to problems that aren't precisely defined or are nonlinear in nature.

 

Nonetheless, Genetic Programming is well worth the space on your bookshelf. More and more problems we deal with have these characteristics, and, though still in its conceptual infancy, genetic programming is a potentially powerful approach. Koza's treatment is so comprehensive that, while this may not be the last word on genetic programming, it may be the only word you'll need.

 

 

------------------------------------------------------------------------

Genetic Programming

John R. Koza

MIT Press, 1992, 819 pp, $55.00

ISBN 0-262-11170-5

 

 

------------------------------------------------------------------------

WEB Links below to data presented and more !!!

Michael Trick's Operations Research Page

 

Michael Trick's Operations Research Page. Associate Professor of Industrial Administration, Graduate School of Industrial Administration, Carnegie Mellon..

http://mat.gsia.cmu.edu

 

 

Stanford University - Operations Research

 

For department information, please visit the. Department of Engineering-Economic Systems and Operations Research. This server provides: Simulation Network.

http://or.stanford.edu

 

 

 

DUT-TWI Statistics, Probability Theory and Operations Research

 

Statistics, Probability Theory and Operations Research. Delft, University of Technology Faculty of Technical Mathematics and Informatics. Research...

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The Cornell University School of Operations Research and Industrial Engineerin

 

206 Rhodes Hall/ Cornell University/ Ithaca, NY 14853/ (607) 255-4856. The Cornell Operations Research and Industrial Engineering web site has been moved..

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The Cornell University School of Operations Research and Industrial Engineerin

 

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Operations Research Discussion List: Other References on aggreagation (fwd)

 

Other References on aggreagation (fwd) Fac - Suresh Sethi (sethi@FMGMT.MGMT.UTORONTO.CA) Wed, 6 Dec 1995 10:47:30 -0500. Post Message: Not possible....

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Portuguese Operations Research Discussion List: (no subject)

 

no subject) Ernesto Martins (eqvm@mat.uc.pt) Fri, 19 Apr 96 12:10:32 +0200. Post Message: Not possible. Messages sorted by: [ date ][ thread ][ subject ][.

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Department of statistics and operations research

 

The Department of Statistics and Operational Research of the Universitat Politècnica de Catalunya (UPC) was created in 1987 as a consequence of the...

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Operations Research Discussion List: SAMO's Final Programme

 

SAMO's Final Programme. Jack P. Kleijnen (KLEIJNEN@KUB.NL) Wed, 13 Sep 1995 09:51:18 MET. Post Message: Not possible. Messages sorted by: [ date ][ thread.

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APICS Supports the Starbucks Experience

 

 

------------------------------------------------------------------------

 

By Deb Bode, CPIM

 

Editor's note: Seattle-based Starbucks Coffee Co. is a leading retailer, roaster and brand of specialty coffee in North America. According to Starbucks management, the company has experienced more than 60 percent sales growth for eight consecutive years including retail store growth from 11 stores in 1987 to more than 850 retail locations today. With plans for more than 2,000 stores by the year 2000, Starbucks has elevated drinking coffee from a mundane exercise to a social experience.

 

The strategic objective of Starbucks Coffee Co. is to be the most recognized and respected brand of coffee in the world. To achieve this objective requires commitments to invest in systems, people and talent ahead of the growth .............................................CURVE............................................ APICS is an important resource that enables Starbucks to turn objectives into reality….read on!!!!!

 

Growth is part of the everyday work life at Starbucks. The company currently serves more than 4 million customers in its retail stores every week and has opened more than 300 new stores a year over the past two years. Starbucks knows that its internal partners (employees) are the cornerstone of the company's success, and the company supports APICS as a significant source for manufacturing and distribution education. (Starbucks refers to its employees as "partners" because company stock is included as part of Starbucks' compensation package.)

 

Every member of the Starbucks production and material planning team is required to obtain APICS certification. Starbucks also has partnered with Carol Ptak, CFPIM, CIRM, of the consulting firm of Eagle Enterprises to develop an eight-hour, in-house training course in supply chain management based on APICS concepts. More than 400 Starbucks partners in supply chain operations, support functions and business units will participate in this training.

 

The core education encompasses the APICS body of ..................KNOWLEDGE....................... -- certification programs, workshops, local chapter meetings, information from APICS-The Performance Advantage and the APICS international conferences. All of which are important learning tools for Starbucks' implementation success.

 

Vertical and horizontal integration ensures compliance with Starbucks' quality standards. Starbucks is vertically integrated via the control of coffee sourcing, roasting and packaging and distribution through company-owned retail stores. The company uses distribution requirements planning and materials requirements planning to determine its long-term green coffee-buying requirements and positioning of green coffee beans for roasting and packaging at its manufacturing facilities on the East and West coasts.

 

Inventory management of an agricultural product affected by weather, as well as political, economic and commodity market conditions, requires expertise in investment trade-offs. Capacity requirements planning assists Starbucks with equipment utilization and new equipment acquisitions. This is very important in a high-growth environment with long equipment lead times. Constrained production planning and finite scheduling will help smooth production demand and optimize resources.

 

Apart from the retail locations, Starbucks sells its coffee products through licensed airport stores, a national mail-order business and its specialty sales group, which serves fine dining, food services, travel and hotel accounts. The challenges of multiple channels of distribution for similar products require timely and accurate reporting of inventory, allocation capabilities, and dynamic safety stock.

Joint ventures provide the opportunity to leverage the company's brand into innovative products. Recent joint ventures include one with Dreyer's Grand Ice Cream and one with Pepsi-Cola.

 

These joint ventures create different supply chain opportunities. Instead of independent demand for finished goods whole-bean coffee and coffee beverages, Starbucks is faced with exploding a sales forecast through a dependent component demand for its proprietary coffee extract and other coffee particulates. The sourcing network for these products can include as many as nine levels from grower to consumer.

 

Starbucks' supply chain partners are challenged daily by the numerous exciting business opportunities with the company. Starbucks envisions its role as a provider of the best tools to support the success of its partners, enhance shareholder value and continue to build on innovative ways to share the Starbucks experience with its customers. On a personal note, I firmly believe APICS education, baseline ..................KNOWLEDGE....................... for systems implementation, common terminology and provisions to "think out of the box" are critical to Starbucks' success.

 

 

Reward .............................................CURVE...........................................

What's in it for me? That's the cry often heard when change presents itself. It is important that the reward system be motivational. So often we find that the biggest gripe among workers is that those who really do work hard and hustle throughout the day get paid similar wages to those who strive to do as little as possible. Across-the-board pay increases and shallow reward .............................................CURVE...........................................s do not reward those who make the greatest contribution nor motivate others to improve.

 

The fix is simple. The final score associated with a pay increase is best calculated as a weighted average of the total peer and supervisory score. Bend the reward .............................................CURVE........................................... upward, so that those who score highest receive a significantly higher reward, and those who score lowest receive a significantly lower reward (See Figure 1).

 

 

<Picture>Figure 1

 

 

It's a redistribution of the reward money to the high performers. You'll find that your work force will approve of this strategy and there is no incremental cost to the company. Payroll pools can be effectively managed by knowing the bell-shaped .............................................CURVE........................................... of scores and adjusting the reward .............................................CURVE........................................... to meet budget.

 

 

The experience of ABB

The Power T&D Division of ABB, located in Allentown, Pa., produces a broad product line of "black boxes" as components of power generation systems. The production process includes the assembly and test of PC boards and the final product. The market is highly competitive, and the need to deliver product of high quality at competitive price on time is ever present.

 

When first presented with the peer appraisal concept, human resource manager Larry Volkel was deeply concerned about the potential problems. "At first it scared the heck out of me. I lost a lot of sleep, but came to realize that this makes sense. The light came on, and I began to see that this is what I needed to help run the business.

 

"Some need a crisis before they are willing to consider real change. But I didn't want to wait. I knew that the old system had serious flaws, but it still did allow me the control I felt comfortable with. But this new approach reinforced teams. Which is what we need to stay ahead of the competition," Volkel said.

 

"I quickly began to see that this new system would demand a high level of skill from our leaders and facilitators, and that it would change my role, human resources," he explained. "We've got to roll up the sleeves, get up from behind the desk and get out there with the people on the floor and in the team meetings. And you might find out that you're going to learn a lot about the business. It's a humbling process."

 

The design and implementation of the Frontline Peer Appraisal System at ABB was conducted with full participation from the work force, which reduced risk and built ownership. An improvement project team's first task was to develop the performance standards. This effort alone had significant impact in that it required the participants to define the values and behavioral standards for the company. Everyone in the company had an opportunity to review the standards and provide feedback. A full benchmark peer evaluation of all company members was then conducted with no impact on compensation. The results were as expected: the distribution of grades showing a bell-shaped .............................................CURVE............................................

Q. Can S&OP work in a smaller company?

 

A. At Moog, some of the smaller divisions have annual sales of around $10 million, while others are much larger. S&OP is equally effective in these smaller businesses.

 

Q. How long does it take to implement S&OP?

 

A. It's taken most companies between six months to a year to get really proficient at it. As with any new process, there's a learning .............................................CURVE........................................... involved, and with S&OP, that .............................................CURVE........................................... is lengthened because the cycle is monthly; incremental expertise is gained only once per month.

 

The good news is that benefits start to come within several months after getting started. Early on, people are able to identify and correct problems that wouldn't have been visible until much later.

 

Further, S&OP is relatively inexpensive to implement. It doesn't cost a lot and relatively few people are involved. The important issue is this: Is top management prepared to adopt a new business process? Are they willing to run the business using a more effective tool?

 

When operators are given an opportunity to become familiar with a system before it is installed, the learning .............................................CURVE........................................... with the real system is significantly reduced, and product quality increases because the rate of error decreases. Simulation is generally more cost-effective than classroom lecture training because it allows operators to work with something that is more similar to a real system, leading to a higher level of information comprehension and retention. Simulation also has the benefit of providing a safe training environment, because operators can make mistakes and see the effects without the risk of damaging a real system, schedule or work area. They can explore many possibilities quickly without the expense of trying them out. In determining an optimal sequence of activities, operators can see why a particular sequence is better than any other and learn what not to do.

 

Some simulation models are interactive. Operators are provided with a virtual image of a factory or control system, are allowed to make decisions and then view the effects in a real-time display model. They can also make decisions and immediately determine the effect these decisions will have on the future by running ahead in simulation time and analyzing the model output.

 

 

Operations

Once a system has been installed, accepted and is meeting a customer's performance goals, everyday operational issues become important. The purpose of integrating simulation models with real operations is to increase the accuracy of decision-making. Since the detailed decision and scheduling algorithms of the simulation model are already constructed, taking advantage of this technology only requires integrating the model with the system controls. Operational models are useful in several ways:

 

 

 

•Integration provides the capability of simulating forward in time from the real-time status of the operation to forecast system performance. The real-time status provides a current image of the factory, i.e., machine status, part status, and operator availability. Scheduling algorithms can be evaluated with discrete event simulation before the schedules are incorporated into the operation. •Integration helps determine the most effective response to unforeseen events such as machine failure and, at the very least, provides an understanding of the impact that an unplanned event will have on the system. •Integration provides a real-time display in conjunction with a shop floor control system to animate the actual status of the system. This can be particularly valuable in large operations, where there is no one vantage point to view the operation.

 

 

Application-specific experimentation

The industry is seeing a trend toward the development and use of more application-specific models. These run-time models or templates are constructed in general-purpose simulation languages and are geared toward individual applications to test the future requirements of a system. There are two types of simulation application software packages: simulators and simulation languages. Simulators are typically easy to use, but due to reduced flexibility, generally fall short on accuracy. In most cases, models developed using simulators are less accurate because not all systems fit exactly into a simulator model, and simulators usually have little flexibility for modification. Simulators usually do not require that developers are experienced in using simulation. Simulation languages, on the other hand, provide greater power and flexibility. The advantage is that systems can be remodeled with a high degree of accuracy. Simulation languages typically require that developers are experienced.

 

The run-time version model is constructed on top of a simulation language by an experienced user. It is created (as a simulator model) of some specific application. Data files and input spreadsheets are used to provide data and factor input for the model. The data input and output are in terms of the actual system, limiting the simulation experience required of the user. The run-time model is used for testing the future requirements of a system. They are developed for specific types of experimentation and provide answers to specific operational or capacity analysis, such as which machines should be run, how to respond to machine failure or which delivery dates can be met.

 

 

Another tool in the toolbox

As manufacturing and material handling systems become increasingly complex and the market becomes more demanding, there is a greater need for improvement in manufacturing sales, capacity management, controls development, scheduling and product throughput. Simulation software packages are providing more flexibility, are becoming more user-friendly, and are faster and more powerful than ever before. Advances in simulation technology are making it possible to use simulation in new ways to improve both communication and operations. The use of simulation is expanding as companies realize the benefits of using it throughout all aspects of business. As simulation technology expands to become a data-transfer tool, the benefits are astounding.

 

 

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Searching for "global learning" found 54 pages and returned 1 through 25.

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THE CORE COMPETENCE OF THE CORPORATION

Prahalad & Hamel, HBR, 1990

 

"In the short run, a company’s competitiveness derives from the price/performance attributes of current products…In the long run, competitiveness derives from an ability to consolidate corporatewide technologies and production skills into competencies that empower individual businesses to adapt quickly to changing opportunities."

Identifying the Core Competence of a Company:

(1) It should provide potential access to a wide variety of markets.

(2) It should make a significant contribution to the perceived customer benefits of the end product.

(3) It should be difficult for competitors to imitate.

 

From core Competencies to Core Products

(1) The tangible link between identified core competencies and end products is what we call the core products - the physical embodiments of one or more core competencies.

(2) Core products are the components or subassemblies that actually contribute to the value of end products.

(3) To sustain leadership in their chosen core competence areas, companies seek to maximize their world manufacturing share in core products.

(4) A dominant position in core products allows a company to shape the evolution of applications and end markets.

 

A few companies have proven themselves adept at inventing new markets, quickly entering new markets, and dramatically shifting consumer behavior in markets. These are the ones to emulate.

 

 

"Everything which is properly business we must keep carefully separate from life. Business requires earnestness and method; life must have a freer handling"

 

Goethe (1809)

Elective Affinities, 4.

 

 

STRATEGY AND COMPETITIVE ADVANTAGE

 

Winning Business Strategies are grounded in sustainable Competitive Advantage.

 

* Core Competencies

* Competitive Advantage

 

Competitive Advantage:

A company has competitive advantage whenever it has an edge over rivals in securing customers and defending against competitive forces.

Sources of Competitive Advantage:

(1) Highest Quality Product

(2) Superior Customer Service

(3) Achieving Lower Costs than Rivals

(4) More Convenient Geographic Location

(5) Better Performing Product

(6) Better Value Product (Quality, Service, Price)

 

The research carried out on this issue reveals that the effect of experience varies among companies and industries; it is to be expected that the evidence on experience will be mixed because of factors such as variations in production techniques by industry, differences in managerial ability to take advantage of its potential effects and exogenous shocks. A general view of the empirical evidence is that it suggests that a doubling of output has the potential to lead to a 20% reduction in average cost. Whether this can be used as a benchmark for individual companies is a matter for managers to resolve, but there seems little doubt that there is a potential for experience effects in most areas of activities. An important aspect of the empirical findings is that the effect is not linear, i.e. it takes successive doubling of output to achieve the same proportional cost reduction. This would produce a relationship between experience and unit cost of the following shape:

 

 

 

 

The difficulty involved in disentangling the factors which affect unit cost is illustrated by the following influences:

 

<Picture>

Figure 8.1 Factors determining unit cost

 

Unit cost is subject to a number of influences, which may be operating in different directions, and which have an indeterminate effect. Therefore, a sudden increase in unit cost requires analysis of each determining factor before any conclusions can be drawn.

 

The Learning Effect

 

Empirical evidence suggests that a doubling of the number of units produced by a worker results in approximately a 20% increase in productivity. Consequently, unit cost would be expected to diminish quickly at first, with the reduction tailing off as the impact of the learning effect diminished. If unit cost does not fall significantly in the early stages of

 

 

 

 

 

DAY, G & MONTGOMERY, D (1983), Diagnosing the experience .............................................CURVE..........................................., Journal of Marketing, 47, Spring, 44-58.

While considerable disenchantment has surrounded early applications of the experience .............................................CURVE..........................................., EC strategy remains a useful organizing framework when scale, technology and learning effects are key forces in the environment. It is also clear that measurement and interpretation problems have to be overcome before the .............................................CURVE........................................... can be productively applied.

The notion behind the experience .............................................CURVE........................................... is that value-added costs, net of inflation, decline systematically with increases in cumulative volume (as opposed to calendar time). Progressive research has shown that there are various types of experience .............................................CURVE...........................................s, as some products have greater scope for improvement than others; and that there are different sources of observed experience effects, the three major ones being: learning by doing, technological advances, and scale effects. Learning encompasses the increasing efficiency of labor via improved methods and work specialization. Technological improvements, in the form of new products and processes or changes in the resource mix, can also produce substantial economies and/or yield improvements. Economies of scale, resulting from increased efficiency due to size, are another source of EC effects, especially with respect to investment and operating costs. Increasing scale also creates the potential for volume discounts, vertical integration and the division of labor.

Normally, it is difficult to separate the contributions of scale, learning and technology, partly because the learning process usually coincides with the expansion of scale. However, various studies have shown that, while scale plays an obvious role in the experience effect, it is not nearly as important as technology and learning. One study of the US chemical industry, for example, revealed that only 10-15% of the efficiency gains were due to scale effects, while 32-75% were ascribed to learning. Despite its difficulty, decomposing the experience .............................................CURVE........................................... in this way is critical to informed strategic application. This is because: cumulative experience does not guarantee automatic cost reductions, but simply presents management with an opportunity to exploit; and, where cost reductions are primarily being driven by scale economies, then cumulative experience may be unimportant to the relative cost position.

A variety of experience .............................................CURVE...........................................s can exist within a specific market, depending on whether one is concerned with:  costs or prices,  total costs or elements of cost,  the effect of industry or company accumulated experience, or  dynamic or static comparisons. Three combinations of these variables are particularly interesting because they lead to experience .............................................CURVE...........................................s which are interdependent but have very different strategic implications. These are the company cost compression .............................................CURVE..........................................., which is derived from internal cost and production records; the competitive cost comparison .............................................CURVE..........................................., which relates the relative cost positions of the competitors in an industry; and the industry price experience .............................................CURVE..........................................., which relates the industry average price to industry cumulative experience. The insights gained from these three types of .............................................CURVE...........................................s depend on numerous judgments with regard to the treatment of costs, inflation, shared experience, and the definition of the units of analysis. These judgments can significantly limit the strategic relevance of EC analysis.

 

 

 

 

 

GHEMAWAT, P (1985), Building strategy on the experience .............................................CURVE..........................................., Harvard Business Review, 63, March-April, 143-49.

While many managers see the experience .............................................CURVE........................................... as out of date, experience .............................................CURVE........................................... strategies can improve competitive performance in some situations. However, successful use of the .............................................CURVE........................................... requires an understanding of how it works and when to apply it.

Use of the experience .............................................CURVE........................................... concept began over thirty years ago to describe the mathematical relation between the cumulated output of a product and its costs. Studies have shown that production costs usually decline by 10%-30% with each doubling of cumulated output. This has led to the view that the way for a firm to attain cost advantage is to cut price in order to buy share. The increased share of current output is then supposed to propel the aggressive firm’s costs down the experience .............................................CURVE........................................... more rapidly than its rivals’, thus improving its relative position.

History has shown, however, that such a strategy can be a recipe for failure, because the experience .............................................CURVE........................................... is rather more complex than the simplistic market share prescriptions often attributed to it. Experience .............................................CURVE........................................... slopes, for example, vary widely from product to product, and may be as steep as 60%, or may not occur at all. This is because: a) cost reductions rarely occur automatically - they must be earned, and b) some products and processes have greater potential for improvement over time than others. Experience .............................................CURVE........................................... strategies usually gain greatest leverage early in a product’s life cycle when cumulated output doubles very rapidly. A major danger in this stage, however, is that a company wanting to get a head start can invest in the wrong technology. In mature or declining industries, EC strategies are usually less effective because cumulated output doubles so slowly and nearly all experience-related cost reductions have already been attained.

Most experience .............................................CURVE........................................... applications confuse three cost reduction sources which are not easy to separate: exogenous progress, economies of scale, and basic improvements learned from cumulated output, all of which have different implications for strategy. Where exogenous progress is the primary source of cost reduction, for example, it is imperative for a firm to maximise bargaining power with its suppliers and buyers. Alternatively, if scale economies drive costs, then the aggressive pursuit of market share is required to sustain competitive advantage. The most sustainable route to cost advantage, however, rests with improvements learned from cumulative output.

The big difficulty with cost reductions is that companies cannot always keep them secret from competitors. Such leakages can seriously reduce the strategic advantage associated with aggressive output expansion because followers can simply imitate and attain cost proximity without having to make comparable investments. Another drawback of vigorously pursuing the experience .............................................CURVE........................................... is that it usually requires large investments in automation or penetration pricing in the hope of future profits. Unexpected surges in demand can also cause disruption to experience .............................................CURVE........................................... strategy because production systems cannot handle them efficiently, thus raising costs and reducing labor productivity substantially. Careful analysis of the competitive arena is also necessary to expose the potential traps in applying EC strategies. Here, industry structure, the relative position of key competitors, and the impact of government, especially with regard to its competition policy and the cost of capital, are the key variables to consider.

 

Overhead 7

PROFITING FROM GLOBAL EXPANSION

Expanding globally allows firms both large and small to increase their profitability in a number of ways not available to purely domestic enterprises.

What are some of these ways?

Firms that operate internationally have the ability to:

(i) earn a greater return from their distinctive skills or core competencies,

(ii) realize location economics by dispersing individual value creation activities to those locations where they can be performed most efficiently, and

(iii) realize greater experience .............................................CURVE........................................... economies, thereby lowering the costs of value creation.

 

Overhead 8

Definitions

Core Competences

skills withing a firm that competitors cannot easily match or imitate.

Location Economies

benefits gained by basing each value creation activity at a specific location.

Experience .............................................CURVE...........................................s

the systematic reduction in production costs that occur over the life of a product. Production costs tend to decline each time output doubles.

Learning Effects

the cost savings that occur from learning by doing various parts of the value creation activities.

 

PROFITING FROM GLOBAL EXPANSION

For some companies international expansion is a way of earning greater returns by transferring core competencies to markets where indigenous competitors lack those skills.

By building sales volume more rapidly, international expansion can assist a firm in the process of moving down the experience .............................................CURVE............................................

It is useful to distinguish between learning effects and economics of scale

 

Overhead 10

THREE TRADITIONAL STRATEGIES

Historically, firms that have expanded abroad have pursued one of three strategies

a global strategy,

an international strategy, and

a multidomestic strategy.

 

Overhead 11

Global Strategy

Firms pursuing a global strategy focus on reaping the cost reductions that come from experience .............................................CURVE........................................... and location economies.

However, they may suffer from a lack of local responsiveness.

 

Overhead 12

International Strategy

Firms pursuing an international strategy transfer the skills and products derived from core competencies to foreign markets, while undertaking some limited local customization.

However, they may suffer from a lack of extensive local responsiveness and from an inability to exploit experience .............................................CURVE........................................... and location economies.

 

 

 

 

GHEMAWAT, P (1986), Sustainable advantage, Harvard Business Review, 64, September-October, 53-58.

Amidst an environment of intensifying competition, where rivals are imitating and upgrading product and process inventions with relative ease, businesses need to establish sustainable advantages if they wish to maintain their competitive edge. Sustainable advantages fall into three categories: size in the targeted market, superior access to resources or customers, and restrictions on competitors’ options.

Since markets are finite, there are compelling advantages to being large. These exist in the form of scale economies, experience effects, and economies of scope. Scale economies arise from spreading production/distribution costs over a national, regional or even local level at a particular point in time. Frequently, when a business is the first to make a long-term, largely unrecoverable investment in a region, it gains a local monopoly which renders competing regional businesses unviable. Likewise, experience is a kind of irreversible, market-specific investment over time. Product pioneers, for example, can sometimes have a first-mover advantage which often builds strong customer loyalty and allows for incremental technological improvements to keep ahead of rivals. Economies of scope arise when a firm is able to share resources across interrelated markets and products, while keeping the cost of those resources largely fixed.

Long-term proprietary access to resources or customers is a sustainable advantage because competitors are discouraged by the penalty they would incur if they tried to imitate the leader. Superior access to information may reflect the benefits of scale or experience but, more often, hinges on hidden know-how. The ability to tie up inputs also constitutes a sustainable advantage if the commodity’s supply is limited and the company has the right to use it on favorable terms. Companies can also secure preferred access through self-enforcing mechanisms such as their reputations or established relationships. This is especially the case in securing preferred access to markets.

Sustainable advantage can also arise from the inability of competitors to imitate a firm’s strategy simply because their options may differ substantially from the advantaged firm. Rivals may be frozen in their present positions for a number of reasons, including government policy, the desire to defend investments which would be threatened by imitation, or because of lags in responsiveness.

To integrate the notion of sustainability into strategy formulation, a number of points need to be remembered. First, managers cannot afford to ignore contestable advantages because, if they survive uncontested, they become sustainable advantages. It also has to be recognized that not all industries offer equal opportunities to sustain an advantage. For example, industries that evolve gradually offer more room to sustain advantages than those that are constantly rocked by drastic changes. Finally, it is easier to create a sustainable advantage when competitors’ options are either limited or able to be preempted. Overall, the search for sustainability would seem to involve a tradeoff between remaining committed to a certain way of doing things and being flexible enough to compete effectively in new ways.

 

 

 

 

HAYES, R & CLARK, K (1986), Why some factories are more productive than others, Harvard Business Review, 64, September-October, 66-73.

While it is generally accepted that manufacturing provides an essential source of competitive leverage, it is no longer accepted that clever marketing alone can provide the means to outdo competitors. However, before managers can pinpoint exactly what is needed to boost performance, they need to understand why some factories are more productive than others, that is, to clarify the variables that influence productivity growth at the micro level. They also need dependable measures for judging and comparing such differences, and a framework for improving their performance.

Traditional measures of factory performance, such as profit and loss statements and standard cost systems, often obscure performance details and provide a blurry picture of what is really going on. An overall measure of efficiency such as total factor productivity (TFP) - the ratio of total output to total input - helps to clarify distortions brought about by periods of high inflation, and to integrate the contributions of all the factors of production into a single measure of total input. Such a system highlights the frequently misplaced preoccupation of managers with direct labor costs and their relative inattention to the effect of materials consumption or productivity. A TFP approach also clarifies the difference between the data that managers see and what those data actually measure.

Once poor measurement systems are cleared away, it is possible to identify the real levers for improving factory performance. Apart from some structural factors such as plant location or size, which lie outside the control of managers, there are clearly certain managerial actions which make a difference. Capital investment in new equipment, for example, is essential to sustaining growth in TFP over a long period of time. Correctly managed, new investment supports long-term productivity improvement and process understanding (learning). The real boost in TFP comes not just from the equipment itself, but also from the opportunities it provides to seek out and apply new ..................KNOWLEDGE....................... to the overall production process. The downside of such investment is that managers often underestimate the hefty indirect costs associated with introducing new equipment, especially the ripple effects on inventory levels, quality, equipment utilization, reject rates, downtime, and material waste. Consequently, while capital investment is essential to long-term productivity, if poorly managed, it can destroy the benefits of TFP.

Defective products, mismanaged equipment, and excess work-in-process inventory are not only problems in themselves, they are also sources of confusion. While many managers may feel that such confusion is a natural response to changing customer demands and technological opportunities, the number of changes introduced at any one time should be limited and carefully implemented. Data from studies on engineering change orders (ECO’s), for example, reflected that ECO’s which were introduced in an unannounced, uncontrolled fashion were detrimental to TFP, while those which allowed adjustment by plant managers were less disruptive.

To achieve full competitive leverage out of manufacturing, managers must create clarity and order, and make a commitment to ongoing learning. These are the two essential tasks of factory management. Attempts to improve manufacturing performance via sophisticated computerised technology, or any other means, without first reducing the complexity of operations and boosting the rate of learning, will not be successful.

 

 

 

 

BARNEY, J (1991), Firm Resources and Sustained Competitive Advantage, Journal of Management, 17, 99-120

Research in the field of strategic management suggests that firms obtain sustainable competitive advantages by implementing strategies that exploit their internal strengths, while neutralizing external threats and avoiding internal weaknesses. Recent work has tended to focus primarily on analyzing a firm’s opportunities and threats within its competitive environment.

The purpose of this article is to analyze the conditions under which firm resources can be a source of sustained competitive advantage for a firm. The study builds on the assumptions that strategic resources are heterogeneous and immobile across firms, and that these resources are stable over time. Four empirical indicators of the potential of firm resources to generate sustained competitive advantage are proposed: value, rareness, imitability and substitutability. Within this context, for a firm resource to have the potential of generating competitive advantage, it must be:

 valuable, in the sense that it exploits opportunities and/or neutralizes threats in a firm’s environment;

 rare among a firm’s current and potential competition;

 imperfectly imitable (either through unique historical conditions, causal ambiguity, or social complexity); and

 without strategically equivalent substitutes.

As an example of how this framework might be applied, it is used in the analysis of the competitive implications of three firm resources that others have suggested might be sources of sustained competitive advantage, namely, the strategic planning process, information processing systems, and positive firm reputations. It was found that all three resources may be capable of generating sustained competitive advantage under certain conditions. Further, it is also maintained that the proposed resource-based model of strategic management is perfectly consistent with traditional social welfare concerns and organization theory and behavior models.

Finally, it is suggested that the role of managers in understanding and describing the particular resource endowments controlled by a firm is crucial in the achievement of sustained competitive advantage.

 

 

 

 

COLLIS, D and C MONTGOMERY (1994), Competing on Resources: Strategy in the 1990s, Harvard Business Review, July-August, pp. 118-128.

The resource-based view of the firm (RBV) combines the internal analysis of phenomena within companies (a preoccupation of many management gurus since the mid-1980s) with the external analysis of the industry and the competitive environment (the central focus of earlier strategy approaches).

The RBV builds on, but does not replace, the two previous broad approaches to strategy by combining internal and external perspectives. It derives its strength from its ability to explain in clear managerial terms why some competitors are more profitable than others, how to put the idea of core competence into practice and how to develop diversification strategies that make sense. The RBV will be as powerful and as important to strategy in the 1990s as industry analysis was in the 1980s.

The RBV sees companies as very different collections of physical and intangible assets and capabilities. No two companies are alike because no two companies have had the same set of experiences, acquired the same assets and skills, or built the same organizational cultures. These assets and capabilities determine how efficiently and effectively a company performs its functional activities. A company will be positioned to succeed if it has the best and most appropriate stocks of resources for its business and strategy.

Competitive advantage, whatever its source, ultimately can be attributed to the ownership of a valuable resource that enables the company to perform activities better or more cheaply than competitors. This is true both at the single-business level and at the corporate level, where the valuable resources might reside in a particular function, such as corporate research and development, or in an asset, such as corporate brand identity. Superior performance will therefore be based on developing a competitively distinct set of resources and deploying them in a well-conceived strategy.

For a resource to qualify as the basis for an effective strategy, it must pass a number of external market tests of its value. Some are so straight forward that most managers grasp them intuitively or even subconsciously. Suggested market tests of value include those for inimitability, durability, appropriability, substitutability, and competitive superiority.

Because all resources depreciate, an effective corporate strategy requires continual investment in order to maintain and build valuable resources. Upgrading resources means moving beyond what the company is good at. Perhaps the most successful examples of upgrading resources are in companies that have added new competencies sequentially, often over extended periods of time. Corporate strategies must strive to leverage resources into all the markets in which those resources contribute to competitive advantage or to compete in new markets that improve the corporate resources or preferably both.

The RBV helps us understand why the track record of corporate diversification has been so poor and identifies three common and costly strategic errors companies make when they try to grow by leveraging resources. First, managers tend to overestimate the transferability of specific assets and capabilities. Second, managers overestimate their ability to compete in highly profitable industries. Third, they assume that leveraging generic resources will be a major source of competitive advantage in a new market - regardless of the specific competitive dynamics of that market.

 

 

 

 

DAVIS, E and KAY, J (1990), Assessing Corporate Performance, Business Strategy Review, Summer, pp. 1-16.

Several measures are commonly used in assessing corporate performance. These include profitability, earnings per share, return on assets and market share. These measures will often give conflicting answers about the performance of any one company. The authors argue for using added value as an alternative measure of performance.

Added value is the amount by which the value of corporate output exceeds the value of all the inputs which the company uses, including not only material inputs, but also capital and labor. It is the economic loss which would result if a corporation were broken up and its inputs dispersed elsewhere in the economy.

Added value generates returns for the various stakeholders in the business, over and above what they could expect from using their resources elsewhere. Added value is generally shared between these stakeholders.

The authors refer to a corporate league table produced by PE International consultants as well as six leading UK supermarket chains. They show how particular attributes of a business or the industry in which it operates can distort conventional measures of corporate performance. All the usual measures capture some aspect of corporate success, but none gives the whole picture. Concentration on any one of them is likely to mislead. Particular firms will do well or badly for reasons that have little to do with the true underlying quality of their performance.

All the usual measures are aspects of the underlying concept of added value. Conventional assessments of corporate success compile a rate of return by dividing the resulting profit by the capital employed. An alternative approach is to charge the firm for the capital which is employed in the business on a par with all the other inputs which it uses. The net profit after this is the pure profit, or rent, or added value generated by the firm. It measures the net value which is contributed to the economy by the existence of the firm. On the basis that all the inputs it uses are costed at the wage, prices, or return which they would have held elsewhere, added value measures the extra value of output which is gained by using them in that particular corporate form. It is the amount that would be lost - to the firm, to shareholders and to the economy - if the firm were broken up and all its resources dispersed.

What is conventionally called operating profit has two components: one is the normal return to capital, which pays a reward to capital in much the same way that wages pay a reward to labor. The other is economic rent - or added value - that may or may not actually accrue to the shareholders or investors, but is created by the existence of the whole firm, rather than being derived from the contribution of any one of its stakeholders.

A firm with no competitive advantage cannot expect to sell its output for more than the going rate which the inputs it uses earn elsewhere in the economy if the inputs it uses are sufficiently comprehensively defined. Thus added value is a measure of competitive advantage. Added value can also be viewed as a means of valuing the intangible assets of the firm.

 

 

TEST

 

1.       The chief weakness of the delegate-it-to-others approach to strategy

formation is

A.      that the calibre of the strategy depends on how many managers really

get involved in putting the strategy together.

B.       the serious lack of top-down direction and strategic leadership.

C.       whether there will be strong buy-in to strategy from lower-level

managers.

D.       that too many people will get involved in shaping the strategy and no

real consensus will emerge.

E.       None of these.

 

2.       Companies sometimes change their mission and long-term direction because

A.      their profitability exceeds expectations.

B.       of fundamental changes they see coming in their business.

C.       they change to a different strategy and thus need a new mission to

match it.

D.       their strategic objectives are in conflict with their financial

objectives.

E.       none of the above really explain why the mission changes.

 

3.       The benefits of a well-said, well-conceived mission statement do not

include

A.      helping to crystallize top managements' own view about the firm's

long-term direction and make-up.

B.       helping the organization prepare for the future.

C.       helping to keep the direction-related actions of lower-level managers

on the right path.

D.       obtaining organizational support for strategy implementation.

E.       giving employees a stronger sense of organizational purpose and

organizational identity.

 

4.       In forming a strategy out of all the many options that exist, the

strategist acts as

A.      a forger of responses to external changes.

B.       a seeker of new opportunities.

C.       a synthesizer of the many different moves and approaches taken at

various points in time in various parts of the organization.

D.       a planner of new moves and approaches that need to be taken to

strengthen the company's position and performance.

E.       all of these.

 

5.       A necessary step in charting a firm's mission and long-term direction is

A.      market research to determine what needs and wants people have.

B.       analysis of the firm's profit and loss statements.

C.       setting long-range strategic and financial objectives.

D.       to decide on a long-range strategic plan.

E.       none of the above.

 

6.       Which of the following is not a factor to consider in identifying an

industry's dominant economic features?

A.      Market size and growth rate b   

B.       The extent of backward and forward integration

C.       Whether the products or services of rival firms are strongly

differentiated, weakly differentiated, or essentially idnetical.

D.       How strong driving forces and competitive forces are.

E.       Barriers to entry and exit and capital requirements

 

7.       Which of the following is not one of the five competitive forces?

A.      The strength of the driving forces

B.       The power of suppliers

C.       The threat of potential entry

D.       Competition from substitute products

E.       None of these.

 

8.       Which one of the following is not one of the seven key questions

associated with industry and competitive analysis?

A.      What are the chief economic characteristics of the industry?

B.       Which companies are in the strongest and weakest competitive positions?

C.       What are the industry's strengths, weaknesses, opportunities, and

threats?

D.       What competitive forces are at work in the industry and how strong are

they?

E.       How attractive is the industry in terms of its prospects for above

average profitability?

 

9.       Key success factors

A.      target what a firm must concentrate on doing well if it is to capture

enough patronage to be competitively strong and profitable.

B.       are a function of an industry's driving forces, competitive advantage

opportunities, and strategic group structure.

C.       vary from firm to firm within an industry.

D.       are important elements of industry and competitive analysis because

they indicate the size and importance of scale economies, experience .............................................CURVE...........................................

effects, and barriers to entry.

E.       All of these.

 

10.     In analyzing the strength of competition among rival firms, an

important consideration is

A.      the potential for entry of new competitors.

B.       the maneuvering of firms to try to gain a competitive edge and

recognizing that the success of any one firm's move hinges in part on what

rival firms do in defense.

C.       the number of firms pursuing differentiation strategies versus the

number pursuing low-cost leadership strategies and focus strategies.

D.       the extent to which economies of scale are related to capital

requirements, entry barriers, and competition from substitute products.

E.       All of these.

 

11.     Which of the following is not an example of an external threat to a

company?

A.      The appearance of attractively priced substitute products

B.       Adverse legislative decisions and government regulations

C.       Changing needs and preferences of buyers

D.       The entry of powerful new competitors

E.       The lack of a core competence

 

12.     When a company performs some activity truly well in comparison to

competitors, it is said to have

A.      an internal strength.

B.       a competitive opportunity.

C.       a strategic advantage.

D.       a core competence.

E.       a market edge.

 

13.     A company's value chain

A.      identifies the primary activities that create value for customers and

the related support activities.

B.       identifies structural and executional cost drivers.

C.       is a tool for understanding which company activities create value for

customers and which don't.

D.       is a useful device for identifying core competencies.

E.       all of these.

 

14.     Calculating competitive strength ratings for rival firms using the

industry's most telling measures of competitive strength or weakness

A.      is a way of determining which competitor has the greatest overall

competitive advantage in the marketplace and which competitor has the

greatest overall competitive disadvantage.

B.       is a technique for benchmarking the industry's competitors from highest

to lowest in terms of core competence capability.

C.       is a way of gauging which competitor has the best value chain and

overall approach to creating customer value.

D.       all of these

E.       both (a) and (b)

 

15.     The best example of a company strength is

A.      the opportunity to grow slower than the market as a whole.

B.       growing complacency among rival firms.

C.       reputation as a market leader.

D.       the opportunity to serve additional customer groups.

E.       being less vertically integrated than rivals.

 

16.     Preemptive strategies involve

A.      trying to out-focus rivals by appealing to customers in every

attractive growth segment.

B.       moving first to secure an advantageous position that rivals are

foreclosed or discouraged from duplicating.

C.       launching price-cuts in areas where weak rivals are the strongest.

D.       using a best-cost provider approach to block off the market leaders.

E.       filing lawsuits to block competitors from investing in different

technological processes and new plant capacity.

 

17.     Sustaining a low-cost leadership strategy involves

A.      providing customers more value for the money.

B.       having each and every functional strategy aimed at contributing to a

low cost advantage relative to competitors.

C.       managing costs down, year after year, in every activity segment of the

value chain.

D.       All of the above

E.       Just b and c are correct

 

18.     Which one of the following is not a way to defend a competitive

position against challenger firms?

A.      Avoiding suppliers that also serve competitors

B.       Patenting alternative technologies

C.       Leapfrogging into next-generation technologies to replace existing

products or production processes.

D.       Increasing warranty coverages

E.       Granting dealers and distributors attractive volume discounts in order

to discourage them from handling the lines of rivals

 

19.     The production emphasis of a company pursuing a broad differentiation

strategy usually involves

A.      a search for continuous cost reduction without sacrificing acceptable

quality and essential features.

B.       strong efforts to be a leader in manufacturing process innovation.

C.       above-average expenditures for new product R&D and efforts to build-in

whatever features that buyers are willing to pay for.

D.       aggressive pursuit of economies of scale and experience .............................................CURVE........................................... effects.

E.       All of the above

 

20.     The various approaches to offensive strategy include

A.      simultaneous attack on many fronts.

B.       guerrilla warfare attacks.

C.       preemptive strikes.

D.       attacks on competitors' weaknesses.

E.       all of these.

 

21.     The strategic approaches likely to be most attractive for underdog or

runner-up firms include:

A.      a distinctive image strategy.

B.       an aggressive attempt to become the industry's overall low-cost

producer by capturing the benefits of scale economies and experience .............................................CURVE...........................................

effects.

C.       imitating what the leader is doing.

D.       a harvesting strategy.

E.       a grand offensive strategy that aims at catching up to the leaders

quickly.

 

22.     Successful international competitors can gain a low-cost competitive

advantage from

A.      opportunities to transfer skills and business expertise from country to

country at little incremental cost.

B.       marketing and distribution economies associated with multinational

operations.

C.       scale economies and experience .............................................CURVE........................................... benefits that extend beyond the

savings realizable from competing in just one national market.

D.       locating plants in countries where production costs are lowest.

E.       all of these.

 

23.     High-risk strategy options for market challengers include

A.      electing to engage in price-cutting without having a cost advantage.

B.       cheapening product quality (to save on costs and make it easier to cut

prices).

C.       spending heavily on promotional efforts and advertising.

D.       imitating what the leaders do.

E.       All of these run a big risk of failure.

 

24.     The motivation for participating in international markets includes

A.      a desire to seek new markets.

B.       a desire to access natural resource deposits in other countries.

C.       a desire to lower costs.

D.       the need to compete on a more equal footing with foreign competitors

endeavoring to build a globally dominant market position.

E.       All of these.

 

25.     One of the major mistakes a firm can make during the transition to

industry maturity is

A.      to make no commitment to achieving competitive advantage via any of the

basic competitive strategies, thus ending up "stuck in the middle" with a

fuzzy strategy and no competitive advantage.

B.       to expand into foreign markets.

C.       to attack weaker firms and try to capture some of their market share.

D.       to purchase rival companies at low prices.

E.       none of the above.

 

26.     Which of the following is NOT likely to be a strong candidate strategy

for a multi-business enterprise?

A.      A portfolio restructuring strategy

B.       Divestiture strategies

C.       Vertical integration strategies

D.       A concentration strategy

E.       A related diversification strategy

 

27.     Which of the following is not a source of sharing opportunities

associated with market-related strategic fit?

A.      Shared brand name

B.       Shared after-the-sale service

C.       Shared sales force activities

D.       Shared advertising and promotional activities

E.       Shared process technologies and/or technology development

 

28.     The appeal of related diversification as a portfolio-building approach

is that it

A.      allows a firm to maintain a degree of unity in its business activities

and gain any skills transfer on cost-sharing benefits, while at the same

time spreading the risks of the total enterprise across a broader base.

B.       promotes the building of a core competence in the original core

business.

C.       helps fortify the competitive position the company has in its other

businesses.

D.       is nearly always more profitable than unrelated diversification.

E.       all of these.

 

29.     Foregoing diversification and, instead, concentrating on a single

line-of-business offers the advantage of

A.      creating a core competence in lowering manufacturing costs.

B.       guaranteeing that the business strategy will have adequate strategic

fit.

C.       helping to focus management attention more squarely on capturing a

stronger long-term competitive position and being responsive to the winds

of industry change and emerging customer needs.

D.       reducing shareholder risk that the enterprise will fail.

E.       all of these.

 

30.     Which of the following is normally not among the frequent approaches

to improving the performance of a diversified company's business portfolio?

A.      Liquidation of the corporation

B.       Reducing the scope of diversification to a smaller number of businesses.

C.       Revamping the composition of the corporate portfolio by divesting

marginal businesses or businesses that don't fit and reinvesting the

proceeds in new and existing businesses where profit prospects are more

attractive.

D.       A de-emphasize of weak performing units and the allocation of more

resources to better performing units

E.       Launching of efforts to restore profitability

 in money-losing business units

 

31.     A cash-hog business

A.      is one which is losing large sums of money.

B.       is well-suited to the use of a retrenchment strategy or a turnaround

strategy.

C.       should be considered as a strong candidate for divestiture.

D.       requires large infusions of cash to sustain its strategy and achieve

its growth potential.

E.       all of these.

 

32.     The primary strength of the life-cycle matrix is

A.      the emphasis it puts on the profitability of a diversified company's

business units.

B.       how well it exposes the distribution of a diversified company's

business units across the industry life cycle stages.

C.       how well it portrays the strengths and weaknesses of a diversified

company's business units.

D.       its power to identify which business units a diversified company should

consider for divestiture.

E.       All of the above except (a).

 

33.     The most significant contributions to strategy-making in diversified

companies provided by the attractiveness-strength portfolio matrix include

A.      the use of weights to evaluate each key determinant of strategic fit.

B.       justification for rating all of the company's business units as to

potential for becoming a cash cow.

C.       increased ability to identify market leaders.

D.       increased ability to identify potential winners and losers among

newly-added businesses.

E.       None of these

 

34.     A diversified company's most viable option for building competitive

advantage is primarily based on

A.      coordinating the various business units to yield the maximum experience

.............................................CURVE........................................... benefits.

B.       concentrating on diversifying into businesses that employ the same type

of competitive strategy (low-cost leadership, differentiation, best-cost

producer, and so on).

C.       coordinating and managing the interrelationships in the value chains of

related business units so as to capture the strategic fit benefits.

D.       concentrating on diversifying into businesses that employ the same

basic technology.

E.       All of the above.

 

35.     A business portfolio matrix can be described as

A.      a two-dimensional graphical depiction of investment returns for a

diversified company.

B.       a two-dimensional pictorial description of the possible strategies for

a single business.

C.       a two-dimensional graphical portrait which compares the strategic

positions of various business units of a diversified company.

D.       a methodology to describe potential diversification opportunities for a

company considering expanding on an international basis.

E.       a two-dimensional graphical illustration of which businesses in a

diversified company's portfolio have the greatest potential for

competitive advantage.

 

36.     The strategy-related advantages of a functional organization structure

include

A.      being well-suited to building and developing functional competencies.

B.       allowing the benefits of specialization to be fully exploited.

C.       preserving centralized control over strategic results.

D.       being very effective in single business units where key activities

revolve around well-defined skills and areas of functional specialization.

E.       all of these.

 

37.     Which of the following is most likely not to be a strategy-critical

area where it is very important to create a strong "fit" with strategy?

A.      Organization skills, capabilities, and structure

B.       The methods used to train employees

C.       Rewards and incentives

D.       Beliefs, attitudes, shared values, and ethics

E.       Policies, procedures, and support systems

 

38.     Recruiting outside managerial talent to help form a core executive

group for executing strategy makes particularly good organization-building

sense

A.      in turnaround situations and in rapid growth situations.

B.       when the firm is pursuing unrelated diversification.

C.       when the firm is making a number of new acquisitions in related

businesses.

D.       when the firm has been successful in a takeover attempt.

E.       All of these.

 

39.     When it is difficult or impossible to out strategize rivals (beat them

with a superior strategy), the other main avenue to industry leadership is

to

A.      beat them with a superior organization structure.

B.       out compete them with superior support systems.

C.       out execute them on the basis of superior strategy implementation and

execution.

D.       beat them with a superior corporate culture.

E.       All of these

 

40.     Responsibility for implementing strategy

A.      is primarily the job of the chief executive officer.

B.       is a task for every manager and the whole management team.

C.       is primarily a senior management responsibility.

D.       should be assumed by a chief strategy implementer appointed by the

chief executive officer.

E.       None of these

 

41.     Perhaps the most dependable way to keep people's eyes trained on the

competent execution of their part of the company's strategic plan is

A.      to provide all employees with monthly updates on how well the company

is doing with regard to accomplishing the plan.

B.       to create a system of policies and controls that keep the organization

on a straight and narrow path.

C.       to define jobs in terms of what to do and how to do it, then train them

extensively in following the prescribed procedures.

D.       to provide adequate rewards to individuals who achieve their strategic

targets and to deny rewards to those who don't.

E.       none of the above are unusually dependable.

 

42.     New strategies often call for

A.      new executive leadership.

B.       significant budget reallocations, revised policies, and perhaps

different incentives.

C.       a fundamental revision of the company's core values, business

principles, and cultural norms.

D.       empowering employees and shifting to a total quality management type of

culture.

E.       All of the above.

 

43.     An early step in creating a strategy-supportive system of rewards and

incentives is to

A.      write clear job descriptions defining what each jobholder is supposed

to do.

B.       organize employees into self-directed work teams.

C.       define jobs and assignments in terms of the results to be accomplished.

D.       reengineer core business processes for maximum efficiency.

E.       stress that across-the-board wage and salary increases depend on

supervisors' assessments of whether employees are staying busy, working

hard, and providing an ample number of suggestions for continuous

efficiency improvement.

 

44.     In trying to stay on top of what strategic progress is being made, a

strategy-implementer

A.      should depend mainly on formal reporting and communication channels to

provide the needed information.

B.       is well advised to make personal contact with subordinates and

customers, to be a close observer of the competitive actions of rival

firms, and to deliberately seek out informal sources of information.

C.       should run a tight ship and preserve strong, centralized control over

internal activities.

D.       should insist upon the installation of a comprehensive data base and

computerized information system to provide all managers and employees with

as much information as possible.

E.       both (a) and (b).

 

45.     Budget allocations should primarily be based on

A.      the number of new strategic initiatives being implemented in each

department.

B.       the numbers of people employed in each of the divisions.

C.       how much each department needs to carry out its part of the strategic

plan efficiently and effectively.

D.       the costs of performing value chain activities as determined by

benchmarking against best-in-industry competitors.

E.       how challenging each department's objectives are.

 

46.     A strong culture and a tight strategy-culture fit are powerful levers

for

A.      influencing people to do their jobs in a strategy-supportive fashion.

B.       promoting high ethical standards.

C.       gaining widespread employee conformance to prescribed policies and

procedures.

D.       instituting best practices and a TQM philosophy in an effective manner.

E.       all of these.

 

47.     In order to promote an organizational climate where champion

innovators can blossom and thrive, strategy managers need to

A.      encourage individuals and groups to bring their ideas and proposals

forward and to exercise initiative.

B.       tolerate the maverick style of the champion and give people with

innovative ideas room to operate.

C.       not look upon people with creative ideas as disruptive and troublesome.

D.       all of these.

E.       only a and c.

 

48.     The leadership task of empowering champions includes

A.      tolerating the maverick style of the champion and giving him/her room

to operate.

B.       tolerating mistakes and failures and not punishing those people whose

ideas don't succeed.

C.       using many kinds of organizational forms to support ideas and

experimentation.

D.       providing large, visible rewards for successful champions.

E.       All of these

 

49.     Company politics presents strategy leaders with the challenge of

A.      how best to practice MBWA.

B.       how much reliance to place on corporate culture in containing excessive

political behavior.

C.       building consensus for the strategy and for how it implement it.

D.       establishing and enforcing high ethical standards.

E.       None of these.

 

50.     When approaching the task of creating a "fit" between strategy and

culture, the strategist's first step should be to

A.      design a plan for cultural change.

B.       contact an organizational behavior consultant.

C.       obtain a set of guidelines from senior management.

D.       conduct an employee survey.

E.       identify which aspects of the culture are congruent with the strategy

and which ones are not.

 

Answer Sheet for Test "Strategic Management 8/e", 5/15/96

 

 

Chapter/        Test    Correct

Question       Quest  Answer

 

2-79    (-,a,-)  1        B

2-11    (-,a,-)  2        B

2-13    (-,b,-)  3        D

2-39    (-,b,-)  4        E

2-12    (-,b,-)  5        E

3-10    (-,a,-)  6        D

3-36    (-,a,-)  7        A

3-5     (-,b,-)  8        C

3-93    (-,b,-)  9        A

3-47    (-,b,-)  10      B

4-29    (-,b,-)  11      E

4-31    (-,b,-)  12      D

4-50    (-,b,-)  13      A

4-63    (-,b,-)  14      A

4-20    (-,b,-)  15      C

5-77    (-,a,-)  16      B

5-21    (-,b,-)  17      E

5-81    (-,b,-)  18      C

5-44    (-,b,-)  19      C

5-68    (-,a,-)  20      E

6-73    (-,b,-)  21      D

6-30    (-,b,-)  22      E

6-75    (-,a,-)  23      E

6-27    (-,a,-)  24      E

6-13    (-,b,-)  25      A

7-26    (-,a,-)  26      D

7-40    (-,a,-)  27      E

7-35    (-,b,-)  28      A

7-7     (-,a,-)  29      C

7-14    (-,b,-)  30      A

8-15    (-,b,-)  31      D

8-38    (-,b,-)  32      B

8-35    (-,b,-)  33      E

8-53    (-,b,-)  34      C

8-12    (-,b,-)  35      C

9-47    (-,a,-)  36      E

9-19    (-,b,-)  37      B

9-20    (-,b,-)  38      A

9-5     (-,b,-)  39      C

9-14    (-,a,-)  40      B

10-36  (-,b,-)  41      D

10-5    (-,b,-)  42      B

10-31  (-,b,-)  43      C

10-18  (-,b,-)  44      B

10-4    (-,b,-)  45      C

11-13  (-,b,-)  46      A

11-37  (-,a,-)  47      D

11-50  (-,a,-)  48      E

11-48  (-,b,-)  49      C

11-43  (-,b,-)  50      E

 

 

 

 

 

<Picture>

 

<Picture>Course Outline - Learning ..................CURVE.......................s

 

 

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<Picture>Learning ..................CURVE....................... Theory and Application is a 16-hour, two-day program. Designed for cost estimators, pricing analysts, IEs, program and production managers, buyers, financial managers and accountants, the program shows how to use learning ..................CURVE.......................s to estimate costs and price and negotiate agreements with customers or suppliers. This is the most widely-presented and enthusiastically received program on ..................CURVE....................... application in the country today. It has been presented to literally thousands of professionals since inception in 1975. It is of particular value to manufacturers of aerospace and electronic equipment, and those companies that deal with the Federal government. Many exercises and examples are used. Attendees work and discuss multiple estimating problems. In this program, participants are also given learning ..................CURVE....................... templates and a copy of Production Technology's new proprietary learning ..................CURVE....................... software, CURV1™.

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1.0  Introduction to Learning ..................CURVE....................... Theory

 

2.0  Preliminary Discussion

   2.1    Documents

   2.2    Workshop Notebook Materials

   2.3    Software and Template

   2.4    Reference/Bibliography

 

3.0  Lecture - History and Theory

   3.1    History

   3.2    Theory

   3.3    Introduction of Formulae

   3.4    ..................CURVE....................... Slope

   3.5    Types of ..................CURVE.......................s

   3.6    Notations and Graph Paper

   3.7    ..................CURVE....................... Phenomena

   3.8    ..................CURVE....................... Fitting Techniques

   3.9    Midpoints

   3.10   Using Lot Data

   3.11   Wright vs. Crawford ..................CURVE.......................s

   3.12   Construction and Use of Tables

 

4.0  Major Issues

   4.1   "Industry Average ..................CURVE.......................s"

   4.2    Factors Affecting Slope

   4.3    Estimating Slope for a New Program

   4.4    Methods of Determining Slope     

   4.5    Effects of Production Rate Change

   4.6    Effects of Production Breaks

   4.7    Methods for Break Analysis

     

5.0  Problems

   5.1    Part I - Use of Graphical Techniques

   5.2    Part II - Estimating Problems

   5.3    Part III - Use of ..................CURVE....................... Factor Tables

 

6.0  Problem Wrap-Up - Question/Answer

 

7.0  Material Cost ..................CURVE.......................s and Total Cost/Price ..................CURVE.......................s

 

 

The Learning ..................CURVE....................... and Optimal Production under Uncertainty

 

 

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Volume: Volume 20, No. 3

 

Issue: Autumn 1989

 

Pages: pp. 331-343

 

Authors: Saman Majd and Robert S. Pindyck

 

Title: The Learning ..................CURVE....................... and Optimal Production under Uncertainty

 

Abstract: This article examines the implications of the learning ..................CURVE....................... in a world of uncertainty. We consider a competitive firm whose costs decline with cumulative output. Because the price of the firm's output evolves stochastically, future production and cumulative output are unknown and are contingent on future prices and costs. We derive an optimal decision rule that maximizes the firm's market value: produce when the price exceeds a critical level, which is a declining function of cumulative output. We show how the shadow value of cumulative production, the total value of the firm, and the decision to produce depend on the volatility of the price and other parameters. Uncertainty increases the critical price required for the firm to produce, but also increases the value of the firm. Thus, during periods of high volatility, firms facing a learning ..................CURVE....................... ought to be producing less, but are worth more.

 

 

 

 

 

 

 

Second Sourcing and the Experience ..................CURVE.......................: Price Competition in Defense Procurement

 

 

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Volume: Volume 18, No. 1

 

Issue: Spring 1987

 

Pages: pp. 57-76

 

Authors: James J. Anton and Dennis A. Yao

 

Title: Second Sourcing and the Experience ..................CURVE.......................: Price Competition in Defense Procurement

 

Abstract: We examine a dynamic model of price competition in defense procurement that incorporates the experience ..................CURVE......................., asymmetric cost information, and the availability of a higher cost alternative system. We model acquisition as a two-stage process in which initial production is governed by a contract between the government and the developer. Competition is then introduced by an auction in which a second source bids against the developer for remaining production. We characterize the class of production contracts that are cost minimizing for the government and that induce the developer to reveal private cost information. When high costs are revealed, these contracts result in a credible cutoff of new system production in favor of the still higher cost alternative system.

 

 

 

 

 

 

The Learning ..................CURVE....................... in a Competitive Industry

 

 

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Volume: Volume 28, No. 2

 

Issue: Summer 1997

 

Pages: pp.

 

Authors: Emmanuel Petrakis, Eric Rasmusen, Santanu Roy

 

Title: The Learning ..................CURVE....................... in a Competitive Industry

 

Abstract: We consider the learning ..................CURVE....................... in an industry with free entry and exit and price-taking firms. A unique equilibrium exists if the fixed cost is positive. Although equilibrium profits are zero, mature firms earn rents on their learning, and if costs are convex, no firm can profitably enter after the date the industry begins. Under some cost and demand conditions, however, firms may have to exit the market despite their experience gained earlier. Furthermore, identical firms facing the same prices may produce different quantities. The market outcome is always socially efficient, even if it dictates that firms exit after learning. Finally, actual and optimal industry concentration does not always increase in the intensity of learning.

 

 

 

 

 

 

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DFAS: The DoD Accounting Firm

 

Flattening the learning ..................CURVE.......................

 

Customers, accountants and system administrators recently gathered in Denver to learn about current end-of-year requirements and other cost accounting systems news.

 

At the first “user’s conference,” customers presented ideas and discussed products and the use of cost information. The Job Order Cost Accounting System (JOCAS) II is the backbone for collecting job-ordered costs for Air Force customers in a non industrial fund environment. JOCAS II is a DFAS interim migratory system within the general accounting financial system’s suite and is responsible for tracking and reporting appropriated funds approaching $1 billion annually.

 

The conference brought together the entire spectrum of JOCAS II users and customers, from field experts to financial managers who are dependent upon JOCAS II to report costs and earn reimbursements. Everyone had a chance to learn, to share and to ask why it works this way. It is critical for fiscal responsibility that everyone using cost accounting data understand where costs came from, who reported costs and what to do with the information.

 

The operational version of JOCAS II, in existence about two years, replaced the original early 1970s technology and methodology used to collect cost at the former systems command bases for the Air Force.

 

Today’s JOCAS II provides faster, easier data access, processing and reporting. It’s interactive and provides real-time access to an on-line database, giving users more timely information — a big change from “card input” and batch processing technology of the past. Of course, with change comes a learning ..................CURVE........................ The conference was an attempt to flatten the ..................CURVE....................... and solve problems in a listening and learning environment.

 

Lori Siedow, accountant and financial database administrator for JOCAS II at the Eglin Air Force Base, Fla., defense accounting office, said, “It’s [JOCAS II] a usable tool, formatted the way the user wants. Data is easily transferred to the local manager’s management information system. It saves me time tracking earnings and provides information for budget preparation. Running an ad hoc report gives me the data and totals quickly, and it looks good. I’m looking forward to the civilian pay interface with DCPS (Defense Civilian Pay System) and the elimination of dual entry.”

 

JOCAS II customers are varied. Originally, a job-order cost accounting system was needed to support major range test facility bases. The first Air Force customers were part of what is now Air Force Materiel Command, responsible for research, development, test and evaluation (RDT&E) efforts. Organizational changes within the Air Force moved the space launch ranges from the RDT&E arena to an operational environment in the Air Force Space Command. These two commands are currently the primary customers of JOCAS II. Not to miss out on a good thing, potential customers began reviewing JOCAS II’s flexibility to adapt to local fiscal structure and report locally-determined data. Almost any activity requiring cost accounting capabilities can use JOCAS II.

 

While most installations use JOCAS II to report costs and bill reimbursable customers, others use only portions of the system to meet local management requirements. This flexibility is a key feature of a system developed in a relational database.

 

New user requirements, which may result in system changes, can be submitted to the system functional review board that meets quarterly. Additionally, changes directed by policy, law or standards can be quickly modified without re-engineering the entire system. The bottom line is cost accounting is historical data, but no manager today can use “old” information.

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November 30, 1995

 

http://www.dfas.mil/news/dfaszine/dec95/dec95_11.htm

 

 

Brought To You By

 

How to Battle the Learning ..................CURVE.......................

by Helen Papa

 

Companies are spending thousands of dollars on computer hardware, software, and training, only to find that they are not more productive with a computerized system than they were with a manual system. Studies have shown that there is really only a 15 percent increase in productivity of PC users. For all the money spent on advanced technology, is this really enough?

 

There is a myth that as new computers and software applications come out, they become easier to use. The truth is that it's becoming harder than ever to keep up with all the changes. Not only do you need to know a word processor or spreadsheet, but now you must know how to work on the Internet, how to use a network, modem, fax board, and e-mail, and how to integrate all the software packages together. It can become overwhelming.

 

How do we go about learning this new technology without spending all of our time in front of a computer?

 

Most of us don't catch on to software the way that a twelve year old can. Here are some ways that you can speed up your learning time:

 

 

 

¨ Learn one software package well. Once you know one package, it will be easier to pick up the next. Learning software is like learning a foreign language. You wouldn't expec to be fluent in the language unless you spent a lot of time practicing it. The Windows and Macintosh environments are designed to allow you to go from one software package to the next very quickly and easily.

 

¨ Get on the Internet. America On Line, Prodigy, or CompuServe gets you on the Internet for a minimal monthly charge. It is easy to learn and it's fun. You will get experience working in the Windows environment and with subdirectories. Compu-Serve is the best for business. It has records dating back to 1976. Just be careful not to spend too much time on the Internet in the office. You may actually spend more time looking things up electronically than the old-fashioned way.

 

¨ Go to training classes, it's the quickest way to learn. You can save several months of frustration by going to just a few days of training. Don't tell yourself you don't have time for training. You will waste a lot more time trying to learn by yourself. A word of warning though, after training, use the software. The old rule applies here: If you don't use it, you lose it! Set up some applications right away, so that you must use the new options you learned. Also work with a training firm that customizes the training to fit your needs. Just like there are "supermarket" hardware dealers, there is also the same in training companies. Most just want to get you in and out of the seats as quickly as possible. Find one that will spend a lot of time with you.

 

¨ If you can't go to training classes, buy a training manual from a training firm. You can teach yourself by walking through the examples. The manuals that come with the software should just be used as a reference guide, after you know the software.

 

¨ When you register your software, get on the software company's mailing list. You will get short-cut information in the mail that can save you a lot of time.

 

¨ Ask many questions. You can pick up information from coworkers, salespeople at hardware and software stores, or from kids.

 

¨ Buy the "using" books by QUE or "The _______ for Dummies" books.

 

¨ Bring in someone to the office to work with you one-on-one. This can be extremely beneficial, because you can focus just on those areas that are important to you.

 

¨ Find out about all the software's capabilities. If you don't know that an option is available, you won't use it. This is probably the biggest problem in business productivity. Individuals try to set up the same information on the computer as they did manually, but to do the work it still takes the same amount of time. It just looks better. The whole purpose of technology is to do it better.

 

 

 

In the future, software will be able to talk to us, telling us when we are making mistakes. But until that time, we must continue to do things the old-fashioned way, we "learn" it.

 

Helen Papas is the Assistant to the President of Innovative Micro Technologies - The Business Productivity Firm. She is also the Quality Control/Customer Support Manager. Helen's background is extensive in the area of customer service and customer support.

 

 

 

 

 

 

 

 

 

..................KNOWLEDGE....................... based learning

 

 

 

<Picture>

 

<Picture>

 

..................KNOWLEDGE....................... Based Learning (KBL)

 

 

 

Within the School of Computer Science and Software Engineering, research into various facets of Artificial Intelligence (AI) and what is increasingly being termed Soft Computing is being pursued on a variety of fronts by a small, but increasingly active, band of researchers. Soft computing is a "new" coherent discipline encompassing "approximate" computing necessitated by dealing with imprecise and uncertain data (very much the area previously claimed by Al). Some of the research is conducted solely under the auspices of the School while other projects are cooperative with other areas of Swinburne's research community, and with external bodies it is difficult to classify many of the research efforts into specific areas as they are inter-related, however for the purpose of this report the following fuzzy classification is adopted. The researchers mentioned under these classifications are only those directly within the School's jurisdiction, where researchers external to the School are involved in particular projects this will be indicated subsequently.

 

 

 

 

Our Approach

 

 

At TLA/OLKM we believe the first step toward achievement of performance excellence through organizational learning, and systemic ..................KNOWLEDGE....................... management, is the identification of the strengths and shortcomings of the key performance elements. These performance elements are generic to all performance whether it be individual, team, organization, community or whatever.

 

There are three such performance elements; they are related to (a) what the performer knows (b) what the performer feels, and (c) what resources the performer can bring to bear. A simple but very powerful model is used to visualize the systemic action of these three elements. By appropriately administering one or more tailored instruments, the individual strengths and weaknesses of these elements (with regard to their potential to achieve performance targets) can be estimated. The necessary remedial activities can then be undertaken to address concerns. The approach has been successfully applied in all manner of organizations including commercial firms with thousands of employees and church groups with a handful of members. The scope of the approach has been described at length in Drew, S.A.W. & Smith, P.A.C., The Learning Organization: "Change Proofing" and Strategy, The Learning Organization, Vol. 2, No. 1, 1995.

 

Where an exceptional development environment for managers and executives is not in place within an organization, we at TLA/OLKM believe creation of such an environment is critical, including superior programs for Hi Potentials (see XEC Development International Ltd.). Any inadequacies in the development environment will be highlighted in the performance audit described above. Any shortfalls will be very serious; absent the breadth and clarity of vision that evolves through concern for leadership capability, organizational learning and systemic ..................KNOWLEDGE....................... management initiatives will always be ineffective.

 

TLA/OLKM defines Organizational Learning (OL) as an emergent property, which depends on the interactions among an organization's population of learners; OL is not an additive property which depends on an organization's learners simply sharing their learnings. This definition has significant impact on the design of an organization's learning system, and accounts for why so many of these systems are sub-optimal. TLA/OLKM will assist in tailoring the design of an Organizational Learning System to fit the requirements of a particular organization. These requirements are identified and characterized when TLA/OLKM carries out a performance audit (described above) targeting Organizational Learning. For more details on the audit and the design please contact us.

 

TLA/OLKM defines Systemic ..................KNOWLEDGE....................... Management (SKM) as the processes, tools and infrastructure by which an organization continuously improves, maintains and exploits all those elements of its ..................KNOWLEDGE....................... base which the organization believes are relevant to achieving its goals; SKM includes the processes, tools and infrastructure by which these goals are modified as the organization's ..................KNOWLEDGE....................... base changes. TLA/OLKM tailors the design of each ..................KNOWLEDGE....................... Management System to fit the requirements of the particular organization. These requirements are identified and characterized when TLA/OLKM carries out a performance audit targeting ..................KNOWLEDGE....................... Management. For more details on the audit and the design please contact us.

 

TLA/OLKM defines an organization's ..................KNOWLEDGE....................... base to include the data, information, intuition, ..................KNOWLEDGE....................... (know how), understanding (know why), and wisdom, residing throughout the organization.

 

 

Publications on the Nature of Skill and Expertise

 

 

1985-1996

 

 

 

Bedard, J., & Chi, M. T. H. (1992). Expertise. Current Directions in Psychological Science, 1(4), 135-139.

 

In the past two decades, there has been a significant amount of research conducted on the nature of expertise. Researchers have examined expertise with respect to a variety of tasks, such as problem solving of either puzzles, games, or classroom problems; decision making; troubleshooting mechanical systems; or diagnosing illnesses. The studies have shown that a large, organized body of domain ..................KNOWLEDGE....................... is a prerequisite to expertise. This ..................KNOWLEDGE....................... influences the perceptual processes and strategies of problem solving. Thus, it is important to understand how experts' ..................KNOWLEDGE....................... is organized. The authors begin with a presentation of the differences in ..................KNOWLEDGE....................... between experts and novices. The impact of the differences on problem solving and then transfer is then discussed. Finally, the limitations of expertise are examined. 1992-008

 

Bedard, J., & Chi, M. T. H. (1993). Expertise in auditing. Auditing: A Journal of Practice and Theory, 12, 21-45.

 

The purpose of this article is twofold. First, the objective is to contrast the results of these auditing studies with studies of expertise with respect to other types of problems such as puzzle problems, games, classroom problems, and real-world problems. This contrastive analysis indicates that the characteristics of expertise found in other domains also hold true in auditing. As the nature of expertise in auditing comes to be understood, it becomes increasingly important to understand how an auditor acquires expertise. A better understanding of how expertise develops in auditing might help to achieve one of the objectives of expertise research in auditing: to facilitate the transfer of expertise to nonexperts. While very few studies have examined how expertise develops in auditing, this topic has been widely studied in psychology. The second objective of this article is to review some relevant literature on the formation of expertise. 1993-077

 

Chi, M. T. H., Bassok, M., Lewis, M. W., Reimann, P., & Glaser, R. (1989). Self-explanations: How students study and use examples in learning to solve problems. ..................COGNITIVE....................... Science, 13, 145-182.

 

This article analyzes the self-generated explanations (from talk-aloud protocols) that "good" and "poor" students produce while studying worked-out examples of mechanics problems, as well as their subsequent reliance on examples during problem solving. The findings suggest that "good" students learn with understanding: they generate many explanations which refine and expand the conditions for the action parts of the example solutions and relate these actions to principles in the text. These self-explanations are guided by accurate monitoring of their own understanding. "Poor" students generate insufficient self-explanations, monitor their own learning inaccurately, and subsequently rely heavily on worked-out examples. The closing discussion is then devoted to the role of self-explanations in facilitating problem solving, as well as the adequacy of current AI models of explanation-based learning to account for these psychological findings. 1989-015

 

Chi, M. T. H., & Bjork, R. (1991). Modeling expertise. In D. Druckman & R. A. Bjork (Eds.), In the mind's eye: Enhancing human performance. Washington, DC: National Academy Press.

 

This chapter has four main sections. In the first section, the authors note that complex ..................COGNITIVE....................... skills may not be readily learned by modelling or imitating expert behavior. In the second section, they review ways in which experts excel, other than in the given skill itself, and the ways their abilities and other skills are not exceptional. Since their expertise is based on the ..................KNOWLEDGE....................... that they possess, which in turn generates the actions they take, the authors focus in the third section on the difficult process of extracting an expert's ..................KNOWLEDGE........................ Several ..................KNOWLEDGE....................... elicitation methods are reviewed. Finally, the last section focuses on how ..................KNOWLEDGE....................... extracted from experts can be imparted to novices. 1991-010

 

Chi, M. T. H., & Glaser, R. (1985). Problem solving ability. In R. J. Sternberg (Ed.), Human abilities: An information-processing approach (pp. 227-250). New York: Freeman.

 

This chapter presents an overview of the general characteristics of human problem solving ability. Two important factors that influence problem solving are the nature of the task (the task environment) and the ..................KNOWLEDGE....................... brought to the problem by the solver. The centrality of these two factors dictates the organization of this chapter. In the first main section, the authors consider puzzle problems and general processes of solution. In the second, they discuss the solving of problems that require domain ..................KNOWLEDGE........................ The authors also consider various task environments that involve insight, creativity, and ill-structured problems. 1985-010

 

Chi, M. T. H., Glaser, R., & Farr, M. J. (Eds.). (1988). The nature of expertise. Hillsdale, NJ: Erlbaum.

 

The majority of the chapters in this volume were presented at a conference held at the Learning Research and Development Center at the University of Pittsburgh, sponsored by the Personnel and Training Research Program, Office of Naval Research. The chapters focus on four areas: practical skills, programming skills, medical diagnosis, and ill-defined problems. For each domain, work that is representative and offers a diversity of approaches is assembled. The different approaches employed show the influence of methodologies from ..................COGNITIVE....................... psychology, artificial intelligence, and ..................COGNITIVE....................... science in general. The chapters also make a case for increased attention to learning-to how expertise is acquired and to the conditions that enhance and limit the development of high levels of ..................COGNITIVE....................... skill. 1988-007

 

Chi, M. T. H., Hutchinson, J. E., & Robin, A.F. (1989). How inferences about novel domain-related concepts can be constrained by structured ..................KNOWLEDGE........................ Merrill-Palmer Quarterly, 35(1), 27-62.

 

Three studies are focused on (a) the definition of structure in a specific domain of ..................KNOWLEDGE....................... (in this case, dinosaurs), and (b) the relationship between how ..................KNOWLEDGE....................... is structured and how it is used. The evidence suggests that the ..................KNOWLEDGE....................... of children who are experts on dinosaurs is structured hierarchically into well-defined families and family groups. Furthermore, within each level of this hierarchy, the ..................KNOWLEDGE....................... appears to be locally cohesive. Greater hierarchical structure allows expert children to use domain features to generate causal explanations, use categorical reasoning, induce attributes about novel dinosaurs, and sort dinosaurs into well-defined family types. The consequences of hierarchically structured ..................KNOWLEDGE....................... is that expert children can use it to constrain their inferences, whereas novices must rely on their general world ..................KNOWLEDGE......................., thereby making less accurate and often inappropriate inferences. 1989-016

 

Glaser, R. (1986). On the nature of expertise. In F. Klix & H. Hagendorf (Eds.), Human memory and ..................COGNITIVE....................... capabilities: Mechanisms and performances (pp. 915-928). Amsterdam, the Netherlands: Elsevier Science Publishers.

 

Studies show that high levels of competence result from the interaction between ..................KNOWLEDGE....................... structures and processing abilities. Expert performance is characterized by rapid access to an organized body of conceptual and procedural ..................KNOWLEDGE........................ Propositions are presented in this chapter that summarize findings confirming this view. 1986-007

 

Glaser, R. (1986). Training expert apprentices (Learning Research Laboratory: Proposed research issues. AFHRL-TP-85-54). Brooks Air Force Base, TX: Air Force Human Resources Laboratories.

 

Encouraging the capabilities that can enable trainees to learn from subsequent workplace experiences is a core aim of many training programs. The objectives appropriate to this aim are being specified in studies of the dimensions along which expertise develops. This article offers recommendations on how understanding of these dimensions can guide instruction and research on training. 1986-009

 

Glaser, R. (1987). Thoughts on expertise. In C. Schooler & W. Schaie (Eds.), ..................COGNITIVE....................... functioning and social structure over the life course (pp. 81-94). Norwood, NJ: Ablex.

 

In recent years, ..................COGNITIVE....................... psychologists have investigated human performances that are acquired over long periods of learning and experience. These studies have contrasted the ..................KNOWLEDGE....................... and skill of experts with that of novices. The generalizations presented in this chapter summarize current findings on the nature of expertise. 1987-020

 

Glaser, R. (1989). Expertise and learning: How do we think about instructional processes now that we have discovered ..................KNOWLEDGE....................... structures? In D. Klahr & K. Kotovsky (Eds.), Complex information processing: The impact of Herbert A. Simon (pp. 269-282). Hillsdale, NJ: Erlbaum.

 

This essay comments on the impact of ..................COGNITIVE....................... analyses of human performance on the design of new forms of instruction. Citing programs that aim to produce specific competencies that have been described in key studies of the past two decades, the discussion turns to research on experts' rapid pattern recognitions and representational abilities. The focus here is the possibilities that lie in studies of effective self-elaboration of problems for revealing ways to foster quick acquisition of these tactics. 1989-026

 

Glaser, R. (1990). Expert ..................KNOWLEDGE....................... and the thinking process. Chemtech, 20, 394-397.

 

This article is an account in a professional magazine for chemists of the general characteristics of expertise. The implications of research on expert performance for instruction are also discussed. 1990-020

 

Glaser, R. (1990). Expertise. In M. W. Eysenck, A. Ellis, & E. Hunt (Eds.), The blackwell dictionary of ..................COGNITIVE....................... psychology (pp. 139-140). Oxford, England: Basil Blackwell.

 

Studies of experts' problem solving, in domains ranging from physics, medical diagnosis, computer programming, skilled memory, and mental calculation to taxi driving and typing have produced generalizable findings that permit characterization of expertise along well-defined lines. Across the results, specialized ..................KNOWLEDGE....................... shaped experts' performances in ways that indicate that certain features of performance are typical of high levels of proficiency. 1990-021

 

Glaser, R. (1990). Expertise and assessment. In M. C. Wittrock (Ed.), Cognition and testing. Englewood Cliffs, NJ: Prentice Hall.

 

Studies of expertise have investigated the nature of the ..................KNOWLEDGE....................... and ..................COGNITIVE....................... processes that underlie developing competence in various domains of learning. Findings on the nature of expertise can serve as a basis for integrating ..................COGNITIVE....................... theory with psychometric techniques in the design of achievement tests that assess growing proficiency in subject-matter learning. 1990-081

 

Glaser, R. (1992). Expert ..................KNOWLEDGE....................... and processes of thinking. In D. F. Halpern (Ed.), Enhancing thinking skills in the sciences and mathematics (pp. 63-75). Hillsdale, NJ: Erlbaum.

 

This paper explores and integrates research on expert ..................KNOWLEDGE....................... and processes of thinking. Six generalizations of expert's ..................KNOWLEDGE....................... are presented: specificity of proficiency; perception of meaningful patterns; selective memory search; procedural and goal oriented ..................KNOWLEDGE.......................; self-regulatory processes; and routinized proficiency. The domain of writing competence is used to illustrate the properties of expertise. Concepts examined in the writing example include: specificity, integrated ..................KNOWLEDGE......................., representation, task monitoring and goal orientation, the nature of practice, self-monitoring, principled performance, and the social context of learning. 1992-020

 

Understanding how expertise is acquired poses a great challenge to learning theory. This chapter addresses the challenge by considering expertise in terms of the learning phenomena involved and the conditions for optimal acquisition of competence. The author identifies the changing sense of agency as the outstanding feature of how learning occurs in acquiring expert performance. Initially, the learner depends on others, and with time, begins to increasingly rely on self-mechanisms and on self-judgment about when to engage others as participants and coaches. Important elements in processes of acquisition include organized structured ..................KNOWLEDGE......................., self-regulation, representation and procedural ..................KNOWLEDGE......................., and environment and the discipline. This chapter, one of an entire volume based on expertise, closes with recommendations for future areas of study to further understand the development of expertise. 1996-019

 

Glaser, R., & Chi, M. T. H. (1988). Overview. In M. T. H. Chi, R. Glaser, & M. J. Farr (Eds.), The nature of expertise (pp. xv-xxviii). Hillsdale, NJ: Erlbaum.

 

In recent years, research on expertise has examined performances that are based on hundreds and thousands of hours of learning and experience. These studies of expertise in ..................KNOWLEDGE....................... rich domains, together with theories of competent performance and attempts at the design of expert systems, have sharpened the contrast between novice and expert performances in showing strong interactions between structures of ..................KNOWLEDGE....................... and processes of reasoning to be essential to highly proficient performance. This volume assembles reports of major advances in research in this area. 1988-012

 

Glaser, R., & Pellegrino, J. W. (1987). Aptitudes for learning and ..................COGNITIVE....................... processes. In F. Weinert & R. Kluwe (Eds.), Metacognition, motivation, and understanding (pp. 267-288). Hillsdale, NJ: Erlbaum.

 

This summary report of research attempts to identify directly the ..................COGNITIVE....................... processing components of performance on tasks used to assess aptitude. The immediate goal is to analyze test tasks, develop process models of task performance, and utilize these models as a basis for describing individual differences. The ultimate goal is to use the ..................KNOWLEDGE....................... gained to design conditions for learning that could be adjusted to these individual characteristics. 1987-022

 

Gobbo, C., & Chi, M. T. H. (1986). How ..................KNOWLEDGE....................... is structured and used by expert and novice children. ..................COGNITIVE....................... Development, 1, 221-237.

 

This research contrasts the ..................KNOWLEDGE....................... structures of expert and novice children in the domain of dinosaurs, as well as how this ..................KNOWLEDGE....................... is used. Several measures were developed to assess differences in ..................KNOWLEDGE....................... structures, such as how frequently children use connecting words in their production protocols, and the frequency with which they switch topics in their discussion of a dinosaur. How children use their ..................KNOWLEDGE....................... was assessed by measures such as the frequency with which they infer new implicit information or make semantic comparisons about unknown dinosaurs. These differences in the structure and use of ..................KNOWLEDGE....................... suggest that expert children can better use and access their ..................KNOWLEDGE....................... than novice children because it is more cohesive and integrated. 1986-011

 

Gott, S., & Glaser, R. (1985). ..................COGNITIVE....................... components of expertise and the transfer of training. Brussels, Belgium: Learning Research Laboratory, NATO.

 

This report discusses the impact of psychological advances in studies of expertise for transfer of technical training skills. Analysis of components of expert performance can be useful to understanding how ..................KNOWLEDGE....................... is acquired and adaptive skill is generated. 1985-016

 

Gott, S. P., Hall, E. P., Pokorny, R. A., Dibble, E., & Glaser, R. (1993). A naturalistic study of transfer: Adaptive expertise in technical domains. In D. K. Detterman & R. J. Sternberg (Eds.), Transfer on trial: Intelligence, cognition, and construction (pp. 258-288). Norwood, NJ: Ablex.

 

The research presented in this chapter investigates the practice of intentional transfer: a learning process characterized by a person's need to transfer prior ..................KNOWLEDGE....................... and skills to new situations. This chapter focuses on how subjects attempt intentional transfer and describes a range of adaptive to maladaptive behaviors. An important theoretical dimension of the preliminary research is the strong influence of mental models on both ..................KNOWLEDGE....................... access and subsequent reasoning. The results show that the primary content of transfer takes the form of abstract ..................KNOWLEDGE....................... representations. Subjects used prior models as interpretive structures. Better learners were flexible when applying their prior models to novel situations. Less able performers displayed maladaptive behaviors, sometimes oversimplifying new problems or focusing on specific problem-solving procedures. 1993-014

 

Leinhardt, G. (1986). Expertise in mathematics teaching. Educational Leadership, 43(7), 28-33.

 

Findings from a contrastive study of expert and novice elementary mathematics teachers are reviewed and examples from one expert's teaching are used to discuss elements of expertise. These elements include maximizing time usage and content coverage; using effective routines and activity structures in constructing lessons; developing meaningful, content-based agendas for lessons; and providing rich explanations that build on students' prior ..................KNOWLEDGE......................., use well known representations to introduce new material, provide complete demonstrations, and prove the legitimacy of the new concept or procedure. 1986-019

 

Leinhardt, G. (1988). Expertise in instructional lessons: An example from fractions. In D. A. Grouws & T. J. Cooney (Eds.), Perspectives on research on effective mathematics teaching (pp. 47-66). Hillsdale, NJ: Erlbaum.

 

This chapter describes major components of expertise in the teaching of elementary mathematics, drawing primarily on findings from a contrastive study of novice and expert teachers teaching fractions. Lesson segments, routines, scripts, agendas, and explanations are described and a model of an expert explanation of specific subject matter is presented. 1988-017

 

Leinhardt, G. (1988). Situated ..................KNOWLEDGE....................... and expertise in teaching. In J. Calderhead (Ed.), Teachers' professional learning (pp. 146-168). London: Falmer Press.

 

In this chapter, expert teachers' ..................KNOWLEDGE....................... of teaching is discussed in terms of the anthropological and psychological construct of situated ..................KNOWLEDGE........................ As an example, the author traces the (partially hypothetical) development of one teacher's ..................KNOWLEDGE....................... of how to teach a particular math topic to second graders. Four scenarios of teaching and learning subtraction with regrouping, taken across 40 years in this teacher's lifetime, are presented and discussed. 1988-019

 

Leinhardt, G. (1989). Development of an expert explanation: An analysis of a sequence of subtraction lessons. In L. B. Resnick (Ed.), Knowing, learning, and instruction: Essays in honor of Robert Glaser (pp. 67-124). Hillsdale, NJ: Erlbaum. (Also in Cognition and Instruction, 1987, 4(4), 225-282)

 

This chapter traces the teaching and learning that occurred during an 8-day unit on subtraction with regrouping in an expert teacher's second-grade classroom. Detailed analyses of this expert's lessons focused both on the teacher's explanations and on students' ..................KNOWLEDGE....................... growth (assessed before, during, and after instruction). Content analyses generated models of the teacher's and students' ..................KNOWLEDGE........................ A structural analysis of the lessons generated a model of an expert explanation in elementary mathematics. 1989-032

 

Leinhardt, G. (1989). Math lessons: A contrast of novice and expert competence. Journal for Research in Mathematics Education, 20(1), 52-75.

 

From a study of novice and expert teachers, three important elements needed for constructing expert mathematics lessons are identified and described: rich agendas, consistent but flexible lesson structures, and explanations that meet the goals of clarifying concepts and procedures and having students learn and understand them. The novice-expert contrast highlighted the nature of the competencies expert teachers possessed and suggested some areas of instruction for future teachers. 1989-033

 

Leinhardt, G. (1990). Capturing craft ..................KNOWLEDGE....................... in teaching. Educational Researcher, 19(2), 18-25.

 

This exploration raises some problems and poses some solutions in identifying the craft ..................KNOWLEDGE....................... of teaching. Craft ..................KNOWLEDGE......................., or wisdom of practice, is one important component in the design and validation of new national teacher assessments. The prototype assessment exercises for National Board certification are one site in which such craft ..................KNOWLEDGE....................... has been used. From that experience and others, some guides for inspecting exercises are suggested. 1990-035

 

Leinhardt, G. (1990). A contrast of novice and expert competence in math lessons. In J. Lowyck & C. M. Clark (Eds.), Teacher thinking and professional action (pp. 75-97). Leuven, Belgium: Leuven University Press.

 

Using techniques from ethnography and ..................COGNITIVE....................... psychology, lessons taught by novice and expert elementary math teachers were observed, analyzed, and compared to reveal specific competencies expert teachers possess. The author identifies three important elements in expert teachers' math lessons: rich agendas, consistent but flexible lesson structures, and explanations that meet specific goals. 1990-034

 

Leinhardt, G. (1990). Towards understanding instructional explanations (Tech. Rep. No. CLIP-90-03). Pittsburgh, PA: University of Pittsburgh, LRDC.

 

This report discusses the nature of instructional explanations as they differ from common, disciplinary, and self explanations. Each type is examined and compared with respect to specific features (problem type, initiation, evidence, form, and audience). Given this context, three examples of instructional explanations are explored, one by a teacher in history, one by a student in history, and one by teachers and students together in mathematics. 1990-032

 

Leinhardt, G. (1990). Weaving instructional explanations in history (Tech. Rep. No. CLIP-90-02). Pittsburgh, PA: University of Pittsburgh, LRDC.

 

This report examines the nature of and occasions for instructional explanations in history. Based on theoretical and empirical evidence, the author proposes a typology that consists of two major types of instructional explanations (ikat and blocked) and four sites or occasions for their use (i.e., to explain metasystems, events, structures, and themes). Examples of classroom use of these kinds of explanations are provided. 1990-033

 

Leinhardt, G., & Greeno, J. (1986). The ..................COGNITIVE....................... skill of teaching. Journal of Educational Psychology, 78(2), 75-95. (Also in P. Goodyear (Ed.), Teaching ..................KNOWLEDGE....................... intelligent tutoring. Norwood, NJ: Ablex, 1991).

 

The complex ..................COGNITIVE....................... skill of teaching is described in terms of two fundamental ..................KNOWLEDGE....................... systems: lesson structure and subject matter. A formal model of the process of instruction in elementary mathematics is presented and examined in light of empirical data from both expert and novice teachers. Instructional segments are carefully analyzed in order to clarify the nature of instructional action and goal systems that support competence in this socially dynamic and complex task domain. 1986-051

 

Leinhardt, G., & Ohlsson, S. (1990). Tutorials on the structure of tutoring from teachers. Journal of Artificial Intelligence in Education, 2(1), 21-46.

 

This article examines how five exemplary elementary math teachers use meta-communication to facilitate the task of the learners in their classrooms. Based on theoretical considerations, the authors hypothesize the five categories of meta-communication. Results of the study generated some principles for the design of good instruction. 1990-036

 

Leinhardt, G., & Putnam, R. T. (1986). Profile of expertise in elementary school mathematics teaching. Arithmetic Teacher, 34(4), 28-29.

 

This article describes three distinct programs of expert-novice research that each revealed important aspects of expertise in teaching. Based on these findings, a profile of expertise in elementary mathematics instruction was developed. Experts have specialized pedagogical content ..................KNOWLEDGE.......................; they provide explanations that are cohesive and tightly connected to the representations being used; they have intricate mental agendas for lessons; and they develop and continually refine curriculum scripts for frequently taught topics. 1986-020

 

Leinhardt, G., & Putnam, R. T. (1987). The skill of learning from classroom lessons. American Educational Research Journal, 24(4), 557-587.

 

This article presents a model of the skills a student needs to have to make sense of a mathematics lesson taught by a good teacher. The model of the learner contains a variety of ..................COGNITIVE....................... competencies: an action system, a lesson parser, an information gatherer, a ..................KNOWLEDGE....................... generator, and an evaluator. A description of how the model functions during a two-day lesson sequence provides an empirical example. 1987-026

 

Leinhardt, G., Putnam, R. T., Stein, M. K., & Baxter, J. (1991). Where subject ..................KNOWLEDGE....................... matters. In J. Brophy (Ed.), Advances in research on teaching: Teachers' subject matter ..................KNOWLEDGE....................... and classroom instruction (Vol. 2, pp. 87-113). Greenwich, CT: JAI Press.

 

Subject-matter ..................KNOWLEDGE....................... is one important element in the complex ..................COGNITIVE....................... skill of teaching. Focusing on elementary mathematics instruction, this chapter discusses how the nature of a teacher's subject-matter ..................KNOWLEDGE....................... influences his or her teaching. Four sites are examined for teachers' use of subject-matter ..................KNOWLEDGE.......................: agendas, curriculum scripts, explanations, and representations. 1991-032

 

Leinhardt, G., & Smith, D. (1985). Expertise in mathematics instruction: Subject matter ..................KNOWLEDGE........................ Journal of Educational Psychology, 77(3), 247-271.

 

This expert-novice study explores the relationship between teachers' classroom behavior and their subject matter ..................KNOWLEDGE....................... of a topic, in this case fractions. Among the experts studied, some displayed rich conceptual ..................KNOWLEDGE....................... of fractions and others relied on precise ..................KNOWLEDGE....................... of algorithms. Implications of these ..................KNOWLEDGE....................... differences are discussed. 1985-019

 

Leinhardt, G., Weidman, C., & Hammond, K. M. (1987). Introduction and integration of classroom routines by expert teachers. Curriculum Inquiry, 17(2), 135-176.

 

Successful teachers establish, rehearse, and maintain a set of routines (shared, socially scripted behaviors) to reduce the ..................COGNITIVE....................... complexity of the instructional environment and allow instruction to proceed fluidly and efficiently. From extensive observations of 6 experts' classrooms, three types of routines were identified: management, instructional support, and teacher-student exchange. Approximately 85% of the routines introduced in the first four days of school were still in use at midyear. 1987-027

 

Leinhardt, G., & Young, K. M. (1996). Two texts, three readers: Distance and expertise in reading history. Cognition and Instruction, 14(4), 441-486.

 

This study compared the reading practices of historians reading familiar texts with those reading unfamiliar texts to determine when and how historians use general historical ..................KNOWLEDGE....................... versus topic-specific expertise. Two expert historians were asked to select a document critical to their current work, and then to read and interpret their own and a colleague's selection. Results confirmed that historians have general document reading ..................KNOWLEDGE......................., which includes schemas and action systems for identification and interpretation; historians' general ..................KNOWLEDGE....................... dynamically interacts with their topic-specific expertise; historians read familiar and unfamiliar documents differently; and historians read intertextually. Further, the manner in which historians construct text base and situation models as they read reveals the nature and extent of their expertise. The analysis of expert historians' reading practice provides an exemplar for student learning and also leads to recommendations for instruction. 1996-029

 

Leinhardt, G., Young, K. M., & Merriman, J. (1995). Integrating professional ..................KNOWLEDGE.......................: The theory of practice and the practice of theory. Learning and Instruction, 5(4), 1-8.

 

This article provides a commentary for featured articles in a special issue on the nature of professional ..................KNOWLEDGE....................... in several professions-architecture, engineering, medicine, and teaching. The authors examine the tensions that exist between theory and practice, focusing on the dualities inherent in various forms of professional ..................KNOWLEDGE........................ Professional ..................KNOWLEDGE....................... can vary by the location of the learning (in the academy or in practice), the type of ..................KNOWLEDGE....................... (declarative or procedural), the generality of ..................KNOWLEDGE....................... (abstract or specific), and the nature of principles (conceptual or pragmatic). After discussing how each of these features varies according to the location of learning, the authors discuss how transforming ..................KNOWLEDGE....................... learned in one location into forms associated with the other location might lead to increased integration of professional ..................KNOWLEDGE....................... and ultimately to more skillful practice. An extended example from the teaching profession illustrates the authors' meaning. 1995-022

 

Lesgold, A. M. (1988). Medical decision making: Formal or intuitive? [Review of S. Schwartz and T. Griffin, Medical thinking: The psychology of medical judgment and decision making]. Contemporary Psychology, 33(9), 781-782.

 

Review of S. Schwartz and T. Griffin, Medical Thinking: The Psychology of Medical Judgment and Decision Making. (1986). New York: Springer-Verlag. 1988-022

 

Lesgold, A. (1989). Context-specific requirements for models of expertise. In D. A. Evans & V. L. Patel (Eds.), ..................COGNITIVE....................... science in medicine: Biomedical modeling (pp. 373-400). Cambridge, MA: The MIT Press.

 

This chapter proposes new methods of modeling medical expertise and of student modeling for computer-assisted medical education. A context-specific abstracted problem space approach, though inelegant, may be more practical than exhaustive modeling of the student's ..................KNOWLEDGE.......................; and hybrid connectionist models may have advantages for modeling expertise. 1989-035

 

Lesgold, A., & Lajoie, S. P. (1991). Complex problem solving in electronics. In R. Sternberg & P. A. Frensch (Eds.), Complex problem solving: Principles and mechanisms (pp. 287-316). Hillsdale, NJ: Erlbaum.

 

Drawing in part on analytic and training studies of Air Force technicians, this chapter discusses what does and does not make for expertise in electronics troubleshooting and its acquisition. For example, deep conceptual ..................KNOWLEDGE....................... is neither sufficient nor necessary. 1991-082

 

Lesgold, A., Rubinson, H., Feltovich, P., Glaser, R., Klopfer, D., & Wang, Y. (1988). Expertise in a complex skill: Diagnosing x-ray pictures. In M. T. H. Chi, R. Glaser, & M. Farr (Eds.), The nature of expertise (pp. 311-342). Hillsdale, NJ: Erlbaum.

 

This chapter compares highly expert radiologists' diagnoses of x-ray pictures to those of radiology residents. In contrast to the residents, the experts immediately (perceptually) reach the stage where a general schema is in control. Such schemas have sets of processes that enable them to reach and confirm a diagnosis. Also, the residents are less able to accommodate new information to schemas it may not match perfectly. 1988-025

 

McQuaide, J., Fienberg, J., & Leinhardt, G. (1991). Transcript of George Polya's film Let Us Teach Guessing (Tech. Rep. No. CLIP-91-01). Pittsburgh, PA: University of Pittsburgh, LRDC.

 

This report consists of a transcript of George Polya's film Let Us Teach Guessing. It includes drawings of all of the visual elements in the lesson and thus provides in print format a valuable tool for analyzing the presentation of mathematical concepts by this eminent teacher. It was prepared for use in an ongoing research project which has as its theme the relationship between teaching and learning in particular subject-matter areas. 1991-037

 

Means, M. L., & Voss, J. F. (1996). Who reasons well? Two studies of informal reasoning among children of different grade, ability, and ..................KNOWLEDGE....................... levels. Cognition and Instruction, 14(2), 139-178.

 

This paper presents the results of two experiments addressing the relation of reasoning skill to student grade, ability, and ..................KNOWLEDGE....................... levels. In the first, students-designated as intellectually gifted, average, or below average-were given tasks involving everyday problems for which they provided solutions and justifications. The second experiment included the measurement of domain ..................KNOWLEDGE....................... with grade and ability level. Results showed a substantial relation between ability level and performance, with ..................KNOWLEDGE....................... significantly related to performance measures such as number and type of reasons generated, but not to measures involving soundness or acceptability of arguments, which were explained by ability level. Grade was related only to an increase in personal and broadly defined social reasons. Findings were interpreted in terms of a two-component model of informal reasoning: a ..................KNOWLEDGE.......................-experiential component and informal reasoning skill component based on the acquisition of language structures. 1996-034

 

Odoroff, E., & Leinhardt, G. (1990). Writing tales with details (Tech. Rep. No. CLIP-90-05). Pittsburgh, PA: University of Pittsburgh, LRDC.

 

A study of an exceptional writing teacher showed how one teacher moved students beyond the recognition of desired features in examples of good short-story writing to the generation of those features in their own writing. Analysis of videotaped lessons helped produce a model that shows how this teacher carefully constrains writing processes so that they lead to acceptable stories. 1990-052

 

Ohlsson, S. (1993). The interaction between ..................KNOWLEDGE....................... and practice in the acquisition of ..................COGNITIVE....................... skills. In A. Meyrowitz, & S. Chipman (Eds), Foundations of ..................KNOWLEDGE....................... acquisition: ..................COGNITIVE....................... models of complex learning (pp. 147-208). Norwell, MA: Kluwer Academic Publishers.

 

The role of prior ..................KNOWLEDGE....................... in skill acquisition is to enable the learner to detect and to correct errors. Computational mechanisms that carry out these two functions are implemented in a simulation model which represents prior ..................KNOWLEDGE....................... in constraints. The model learns symbolic skills in mathematics and science by noticing and correcting constraint violations. Results from simulation runs include quantitative predictions about the learning ..................CURVE....................... and about transfer of training. Because constraints can represent instructions as well as prior ..................KNOWLEDGE......................., the model also simulates one-on-one tutoring. The implications for the design of instruction include a detailed specification of the content of effective feedback messages for intelligent tutoring systems. 1993-038

 

Ohlsson, S. (1994). Declarative and procedural ..................KNOWLEDGE........................ In T. Husen & T. Neville-Postlethwaite (Eds.), The international encyclopedia of education (Vol. 3, 2nd ed., pp. 1432-1434). London, UK: Pergamon Press.

 

There are two types of ..................KNOWLEDGE........................ Declarative ..................KNOWLEDGE....................... is ..................KNOWLEDGE....................... about the world. It is inherently neutral to how, or in what context, it is used. Procedural ..................KNOWLEDGE....................... is ..................KNOWLEDGE....................... about how to perform specific tasks. Such ..................KNOWLEDGE....................... necessarily refers to the relevant agent's goals and capabilities. Examples of both types of ..................KNOWLEDGE....................... are discussed. [Topics: 2, 6, 13] 1994-048

 

Ohlsson, S. (1994, February). From general methods to task-specific ..................KNOWLEDGE.......................: A mythical advance in the theory of intelligence (Tech. Rep. No. KUL-94-1). Pittsburgh, PA: University of Pittsburgh, LRDC.

 

It is widely believed that the ..................COGNITIVE....................... sciences discovered that intelligence resides in task-specific ..................KNOWLEDGE....................... rather than in general methods in the late 1960s or early 1970s. This belief is incoherent. No known computational mechanism operates solely with either general methods or task-specific ..................KNOWLEDGE........................ Intelligence emerges in the application of one or more general methods to some task-specific ..................KNOWLEDGE........................ Turing machines, general methods, and ..................KNOWLEDGE.......................-based systems all exemplify this principle. To locate intelligence in either general methods or task-specific ..................KNOWLEDGE....................... is a category mistake. The supposed advance in our understanding of intelligence was an intellectual retreat. Artificial Intelligence abandoned the quest for a theory of agency and began building useful but uninteresting implementations of classical logic. ..................COGNITIVE....................... psychology rejected the goal of identifying the human ..................COGNITIVE....................... architecture for traditional forms of inquiry. Consequences were devastating for both. 1994-049

 

Ohlsson, S., & Rees, E. (1992). A model of ..................KNOWLEDGE.......................-based skill acquisition. In Proceedings of the Fourteenth Annual Conference of the ..................COGNITIVE....................... Science Society (pp. 1020-1025). Hillsdale, NJ: Erlbaum.

 

The authors hypothesize that two important functions of declarative ..................KNOWLEDGE....................... in learning is to enable the learner to detect and to correct errors. They describe psychologically plausible mechanisms for both functions. The mechanisms are implemented in a computational model which learns ..................COGNITIVE....................... skills in three different domains, illustrating the ..................COGNITIVE....................... function of abstract principles, concrete facts, and tutoring messages in skill acquisition. 1992-052

 

Rabinowitz, M., & Glaser, R. (1985). ..................COGNITIVE....................... structure and process in highly competent performance. In F. D. Horowitz & M. O'Brien (Eds.), The gifted and talented: A developmental perspective (pp. 75-98). Washington, DC: American Psychological Association.

 

What allows people to perform in highly competent ways? In contrast to attributing such performance to general intelligence, recent approaches characterize intelligence and aptitude in terms of competent processes. The research reviewed here compares skilled and novice performances in terms of such components and gives particular attention to the role of ..................KNOWLEDGE........................ 1985-036

 

Raghavan, K., & Glaser, R. (1994). Studying and teaching model-based reasoning in science. In S. Vosniadou, E. De Corte, & H. Mandl (Eds.), Technology-based learning environments: Psychological and educational foundations (pp. 104-111). Berlin: Springer-Verlag.

 

A model-centered science curriculum is developed and implemented to help middle-school students learn to reason with qualitative explanatory models that underlie scientific phenomena. The curriculum focuses on concepts important for understanding floating and sinking, coordinating traditional laboratory experiments with interactive computer tasks that permit students to inspect, manipulate, and predict with models of the underlying theoretical entities. 1994-091

 

Schiano, D. J., Cooper, L. A., Glaser, R., & Zhang, H. C. (1989). Highs are to lows as experts are to novices: Individual differences in the representation and solution of standardized figural analogies. Human Performance, 2(4), 225-248.

 

Findings are reported from two experiments that compared the strategies used by high and low scorers on standardized figural analogy tests to represent and solve problems. The findings converge to suggest specific aptitude-related differences in the representation and solution of standardized figural analogy problems. These differences resemble expert-novice differences in a number of other problem solving domains. 1989-059

 

Silver, E. A., & Metzger, W. (1989). Aesthetic influences on expert mathematical problem solving. In D. B. McLeod & V. M. Adams (Eds.), Affect and mathematical problem solving: A new perspective (pp. 59-74). New York: Springer-Verlag.

 

Building on an already existing body of literature relating to expert problem solving behavior, data in the form of interview protocols and summaries of protocols of expert problem solvers were examined, and the role of aesthetic judgments on expert mathematical problem solvers was investigated in this chapter. The authors argue that the results indicate that problem-solving expertise is a function of taste as well as competence. Aesthetic factors appear to play two roles in the behaviors of expert problem solvers: (a) aesthetic principles serve as a basis for post hoc evaluation of solutions or problems, and (b) aesthetic principles guide decision making during problem solving. The relevance of these findings for instruction is discussed briefly. 1989-070

 

 

Stein, M. K., Baxter, J., & Leinhardt, G. (1989). Teacher subject matter ..................KNOWLEDGE....................... and its relationship to classroom instruction (Tech. Rep. No. CLIP-89-01). Pittsburgh, PA: University of Pittsburgh, LRDC.

 

This report investigates the level and kind of teacher subject-matter ..................KNOWLEDGE....................... needed for elementary instruction. An experienced fifth-grade teacher was studied in the context of teaching functions and graphing. The teacher's subject-matter ..................KNOWLEDGE....................... was compared to that of two math experts. Results of this comparison and an examination of lesson transcripts showed limitations in the teacher's subject matter ..................KNOWLEDGE....................... and instances of missed opportunities in classroom presentations. 1989-072

 

Stein, M. K., Baxter, J., & Leinhardt, G. (1990). Subject-matter ..................KNOWLEDGE....................... and elementary instruction: A case from functions and graphing. American Educational Research Journal, 27(4), 639-663.

 

This article describes the relationship between teachers' subject-matter ..................KNOWLEDGE....................... and their lesson presentations by reporting on a study of one experienced 5th-grade mathematics teacher teaching 25 lessons on functions and graphing. The teacher's subject matter ..................KNOWLEDGE....................... (gleaned from lesson videotapes and interviews) was compared to that of a math educator. Specific limitations in the teacher's ..................KNOWLEDGE....................... were identified and implications of this, both for instruction and for teacher education, are discussed. 1990-076

 

VanLehn, K. (1992). A model of long-term learning: Integration of ..................KNOWLEDGE....................... acquisition and ..................KNOWLEDGE....................... compilation (Tech. Rep. No. PCG-36). Pittsburgh, PA: University of Pittsburgh, Learning Research and Development Center.

 

In order to understand how experience increases expertise, the author proposes to model the development of expertise in physics problem solving over long periods of training. The model will provide an explanation of 30 well-known phenomena, including expert-novice differences, practice effects and transfer effects. The resulting model should provide a unified theory of the acquisition of expertise in self-study settings. [Topics: 7, 13, 19] 1992-085

 

VanLehn, K. (1993). Cascade: A simulation of human learning and its applications. In P. Brna, S. Ohlsson, & H. Pain (Eds.), Proceedings of the World Conference on Artificial Intelligence in Education (pp. 1-3). Edinburgh, Scotland: AACE.

 

This article briefly describes the goal of the Cascade project and the current work in extending and demonstrating the capabilities of Cascade. 1993-062

 

VanLehn, K., & Ball, W. (1991). Goal reconstruction: How Teton blends situated action and planned action. In K. VanLehn (Ed.), Architectures for intelligence (pp. 147-188). Hillsdale, NJ: Erlbaum.

 

People can reconstruct goal structures and other aspects of their internal state that have been forgotten. This capability is called goal reconstruction. Because goal reconstruction requires no special training and does not have to be acquired separately for each new problem solving procedure one learns, goal reconstruction is arguably a fundamental, task-general capability of human problem solvers. Goal reconstruction is also a useful capability for an artificial problem solver. It permits recovery from interruption of the problem solving by processes that modify the body of procedural ..................KNOWLEDGE......................., such as an inferential learning process or a programmer debugging the procedural ..................KNOWLEDGE........................ In short, goal reconstruction is both a fundamental human capability and a useful capability for AI architectures. This paper discusses computational mechanisms for implementing an in principle tradeoff between perceptual and ..................COGNITIVE....................... maintenance of goals. 1991-072

 

VanLehn, K., & Jones, R. M. (1993). Better learners use analogical problem solving sparingly. In P. E. Utgoff (Ed.), Machine Learning: Proceedings of the Tenth Annual Conference (pp. 338-345). San Mateo, CA: Morgan Kaufmann Publishers.

 

When solving homework exercises, human students often notice that the problem they are about to solve is similar to an example. They then deliberate over whether to refer to the example or to solve the problem without looking at the example. We present protocol analyses showing that effective human learners prefer not to use analogical problem solving for achieving the base-level goals of the problem, although they do use it occasionally for achieving meta-level goals, such as checking solutions or resolving certain kinds of impasses. On the other hand, ineffective learners use analogical problem solving in place of ordinary problem solving, and this prevents them from discovering gaps in their domain theory. An analysis of the task domain (college physics) reveals a testable heuristic for when to use analogy and when to avoid it. The heuristic may be of use in guiding multistrategy learners. 1993-063

 

VanLehn, K., & Jones, R. M. (1993). Integration of analogical search control and explanation-based learning of correctness. In S. Minton (Ed.), Machine learning methods for planning (pp. 273-315). San Mateo, CA: Morgan Kaufman.

 

Many machine systems acquire new domain rules by trying to derive a solution to a problem, reaching an impasse, guessing a new rule that resolves the impasse, and going on. If the new rule allows the derivation to be eventually completed, that is taken as justification for including it in the domain theory, at least provisionally. This chapter analyzes a particular derivation completion learner, Cascade, that guesses new rules by specializing overly general rules. The analysis concentrates on three issues: (1) How can a derivation completion learner intelligently decide which impasses should be resolved and learned from? (2) Can Cascade's learning method acquire any domain rule, or are there limits to its power? (3) What would a library of overly general rules look like for a particular task domain-would it be adhoc or show some kind of structure? 1993-064

 

VanLehn, K., & Jones, R. M. (1993). Learning by explaining examples to oneself: A computational model. In S. Chipman & A. L. Meyrowitz (Eds.), Foundations of ..................KNOWLEDGE....................... acquisition: ..................COGNITIVE....................... models of complex learning (pp. 25-82). Boston: Kluwer.

 

Several investigations have found that students learn more when they explain examples to themselves while studying them. Moreover, they refer less often to the examples while solving problems, and they read less of the examples each time they refer to them. These findings, collectively called the self-explanation effect, have been reproduced by the authors' ..................COGNITIVE....................... simulation program, Cascade. Moreover, when Cascade is forced to explain exactly the parts of the TPQuPTes that a subject explains, then it predicts most (60 to 90%) of the behavior that the subject exhibits during subsequent problem solving. Cascade has two kinds of learning. It learns new rules of physics (the task domain used in the human data modeled) by resolving impasses with reasoning based on overly general, non-domain ..................KNOWLEDGE........................ It acquires procedural competence by storing its derivations of problem solutions and using them as analogs to guide its search for solutions to novel problems. 1993-065

 

VanLehn, K., & Jones, R. M. (1993). What mediates the self-explanation effect? ..................KNOWLEDGE....................... gaps, schemas or analogies? In M. Polson (Ed.), Proceedings of the Fifteenth Annual Conference of the ..................COGNITIVE....................... Science Society (pp. 1034-1039). Hillsdale, NJ: Erlbaum.

 

Several studies have found that learning is more effective when students explain examples to themselves. Although these studies show that learning and self-explanation co-occur, they do not reveal why. Three explanations have been proposed and computational models have been built for each. The gap-filling explanation is that self-explanation causes subjects to detect and fill gaps in their domain ..................KNOWLEDGE........................ The schema formation explanation is that self-explanation causes the learner to abstract general solution procedures and associate each with a general description of the problems it applies to. The analogical enhancement explanation is that self-explanation causes a richer elaboration of the example, which facilitates later use for the example for analogical problem solving. We claim that, in one study at least, gap filling accounts for most of the self-explanation effect. 1993-066

 

Voss, J. F. (1989). On the composition of experts and novices. In E. Maimon, B. Nodine, & F. O'Connor (Eds.), Thinking, reasoning, and writing. White Plains, NY: Longman Press.

 

This chapter presents the position that the development of a better understanding of the processes underlying the solving of ill-defined problems, including the processes of informal reasoning, will lead to a better understanding of the complex acts of everyday behavior, including tasks such as writing. Brief summaries of research on the solving of ill-structured problems by experts and novices and of some research on informal reasoning are presented, indicating how such research on problem solving and reasoning may enhance our understanding of instruction in other complex tasks. 1989-076

 

Voss, J. F., Blais, J., Means, M. L., Greene, T. R., & Ahwesh, E. (1989). Informal reasoning and subject matter ..................KNOWLEDGE....................... in the solving of economics problems by naive and novice individuals. In L. B. Resnick (Ed.), Knowing, learning and instruction: Essays in honor of Robert Glaser (pp. 217-250). Hillsdale, NJ: Erlbaum.

 

This chapter reports on a study which investigated how subject matter ..................KNOWLEDGE....................... and the use of informal reasoning mechanisms are related to the solving of economics problems by naive and novice individuals. Participants answered questions about changes in automobile prices, the federal deficit, and interest rates. The results suggest that classroom instruction in economics does not necessarily lead to superior performance on everyday economics tasks and that individuals with a strong intellectual history may not acquire economics ..................KNOWLEDGE....................... from everyday experience. Application of an informal reasoning model indicates that college educated individuals differ from those with no college education on several reasoning measures. 1989-079

 

Voss, J. F., Carretero, M., Kennet, J., & Silfies, L. N. (1994). The collapse of the Soviet Union: A case study in causal reasoning. In M. Carretero & J. F. Voss (Eds.), ..................COGNITIVE....................... and instructional processes in history and the social sciences (pp. 403-429). Hillsdale, NJ: Erlbaum.

 

This chapter concerns how people perceive historical causation: What do people believe to be the causes of historical events? The authors chose to study the issue of historical causation primarily because it is one of the most fundamental topics of historical understanding, and therefore also one of the most important aspects of history and instruction. Moreover, the study of historical causation is related to other fundamental questions of understanding history. The authors addressed the question of historical causation by asking individuals to write an essay on what produced the collapse of the Soviet Union. Subsequently, subjects were asked to rate the importance of a number of potential causes of the collapse and show how at least some of the causes produced it. The chapter discusses the nature of causal reasoning, especially as related to the topic of history, describes the study that was conducted, and discusses the findings with respect to history-related causal reasoning. 1994-076

 

Voss, J. F., Fincher-Kiefer, R. H., Greene, T. R., & Post, T. A. (1986). Individual differences in performance: The contrastive approach to ..................KNOWLEDGE........................ In R. J. Sternberg (Ed.), Advances in the psychology of human intelligence (Vol. 3, pp. 297-334). Hillsdale, NJ: Erlbaum.

 

This chapter presents a review of research involving the contrastive method, the extent to which a characteristic in question is related to performance on some other task. Of specific interest is use of this method when the characteristic in question is some type of ..................KNOWLEDGE....................... assessment and the comparison task is performance on some type of information processing task. A methodologically centered summary of research is presented, providing a type of case study in the use of contrastive methodology. Finally, a critical evaluation of contrastive methodology is presented. 1986-045

 

Zeitz, C., & Glaser, R. (1994). The expert level of understanding. In T. Husen & T. N. Postlethwaite (Eds.), The international encyclopedia of education (2nd ed., pp. 2194-2199). Oxford/Leuven: Pergamon Press.

 

..................COGNITIVE....................... scientists have studied the phenomenon of expertise to understand the effects of acquired ..................KNOWLEDGE....................... and extensive experience on human competence. This article examines the properties of expert performance that define the characteristics of human ..................COGNITIVE....................... attainment acquired through education and learning. The organization of experts' ..................KNOWLEDGE....................... is explored through topics such as memory performance and the representation of problems. Expert ..................KNOWLEDGE....................... in ill-structured domains is considered as well, highlighting experts imposition of constraints and justification of proposed solutions. The article concludes with several instructional methods, including innovative approaches to assessment that cultivate aspects of expertise. 1994-080

 

 

 

 

 

The Role of Intelligence in Modern Society

 

 

by Earl Hunt

 

Last year, Richard Herrnstein and Charles Murray published The Bell ..................CURVE.......................: Intelligence and Class Structure in American Life. Although it had more graphs than a Ross Perot speech, The Bell ..................CURVE....................... made its authors' names household words, sometimes accompanied by four-letter words. Herrnstein and Murray maintained that America is splitting into the intelligent, who will move and shake society, and the less intelligent, who will be moved and shaken. They thought that the split is inevitable, because our technological society requires intelligence to run it. Finally, they said that intelligence is largely hereditary, and that numerous government programs, especially Affirmative Action, are undesirable because they amount to discrimination against the capable.

 

Such thoughts are not entirely politically correct. The first reactions to The Bell ..................CURVE....................... were expressions of public outrage. In the second round of reaction, some commentators suggested that Herrnstein and Murray were merely bringing up facts that were well known to the scientific community, but perhaps best not discussed in public. A Papua New Guinea language has a term for this, Mokita. It means "truth that we all know but agree not to talk about."

 

The uproar over The Bell ..................CURVE....................... is remarkably similar to a debate in the early 1970s. The earlier debate began when Arthur Jensen (1969) wrote that the educational enrichment programs of the Great Society were inherently limited by the immutability of intelligence and when Herrnstein (1973) claimed that differences in intelligence are largely genetic. Counterattacks followed, and by the early 1980s widely read books and articles maintained that there is no such thing as general intelligence (Gardner 1983), or that if there is it is largely a statistical artifact of the way that tests are constructed (Gould 1983), and that even if IQ exists it has little to do with life outside of a few narrow academic settings (Ceci and Liker 1986). Some of these authors have recanted (Ceci and Bruck 1994, pg. 79).

 

A central question in the debate is whether or not mental competence is a single ability, applicable in many settings, or whether competence is produced by specialized abilities, which a person may or may not possess independently. Almost equally important is the question of how ..................COGNITIVE....................... skill, as evaluated by IQ tests, translates into everyday performance. Popular presentations on both sides of these questions leave the impression that these questions have simple answers. They do not. My goal in this essay is to discuss different theories of how intelligence is related to performance in modern society. The plural was chosen intentionally, Although we know a good deal about individual differences in human cognition, there is no monolithic, agreed-upon, all-purpose theory to organize these facts, nor is there likely to be one. There are a number of different theories that are neither right nor wrong, but are useful for different purposes.

 

Psychometric Views of Intelligence

 

In popular discussions of intelligence, including The Bell ..................CURVE......................., the term generally refers to scoring well on tests that have been developed to measure mental ability as psychologists have come to see it. I shall refer to this emphasis on test scores as the psychometric view of intelligence. Its core belief is that individual differences in human cognition can be adequately measured by performance on intelligence tests, and that intelligence itself can therefore be defined by variations in test scores, across people. This notion was expressed most pungently when the psychologist Edwin Boring (1923), in a public debate with the columnist Walter Lippman, said that "intelligence is what the intelligence test measures." It turns out that that statement is not quite so arrogant or self-serving as it sounds. To see why we have to look at what intelligence tests are and how intelligence measures are inferred from test scores.

 

Although it is not always clear in our everyday use of language, scientists distinguish carefully between a conceptual variable and its operational definition--the way that it is measured. Physicists distinguish between mass as a concept and scale readings as data to be analyzed. In the best of situations there is a clearly understood link between the two. Physicists can provide a theory of the relation between a scale's movement and the mass of the object being weighed. The relation between the data for and the concept of intelligence is not at all like the relation between scale readings and mass, because in psychometrics the concept is inferred from the measuring instrument, rather than having the measurement technique dictated by the concept.

 

Most intelligence tests do not measure just one thing, in the sense that a scale measures only the gravitational attraction between an object and the earth. Instead, intelligence tests are made up of a number of component subtests, in which people are asked to perform different ..................COGNITIVE....................... tasks. The test score is supposed to measure the common thread that runs through performance on the subtests. For instance, the widely used Wechsler Adult Intelligence Scale (WAIS) contains subtests that evaluate a person's vocabulary, short-term memory, arithmetical ability, world ..................KNOWLEDGE....................... and several other specific skills. The Scholastic Achievement Test (SAT), which is a widely used college-screening test, and the Armed Service Vocational Aptitude Battery (ASVAB), which is used to screen military recruits, are organized in somewhat the same way. Instead of thinking of these tests as ..................COGNITIVE....................... yardsticks measuring intelligence the way a real yardstick measures length, it is better to think of an intelligence test as a sort of mental track meet, in which ..................COGNITIVE....................... ability is inferred by combining subtest scores, just as athletic ability can be inferred by combining the scores in a decathlon.

 

This brings us to the question of how the subtest scores are to be combined. Although there is some variation from test to test, the formal basis for test combination is a statistical procedure called factor analysis. Suppose that an intelligence test consists of K subtests. (To continue the analogy to the decathlon, K is usually 10 or 12.) A person's scores on the subtests can be represented by a K-dimensional vector. The collective scores of all people in the group can be thought of as a swarm of points in a K-dimensional space. Factor analysis attempts to reduce the K-dimensional space to a smaller P-dimensional space, where P \ K and the axes defining the dimensions are orthogonal, or at right angles to one another. Unless the scores of two of the original tests are perfectly correlated, this always entails some loss of accuracy. The loss can be measured, so we can determine how much of the variation in the original K-space lies along a particular dimension in the reduced P-space.

 

To get an intuitive idea of factor analysis, imagine buying a hot dog with pimientos embedded in it. The hot dog is a three-dimensional object, so it takes three dimensions to specify the exact location of each pimiento. However, you can locate a pimiento reasonably accurately by saying where it is along the long axis of the dog. In factor-analytic terms the pimientos are the data from each person, and the three dimensions of the hot dog represent the individual tests. The long axis of the hot dog would be the first factor to be extracted and would capture most of the variation between pimiento locations. If we apply factor analysis to test scores, instead of hot dogs, the first factor accounts for most of the variation between people just as the length of the hot dog accounts for most of the positioning of the pimientos. But instead of saying "length of hot dog," we say "general intelligence."

 

There are two objections to this argument. One is that when the data are reduced from the K-dimensional to the P-dimensional space, the orientation of the orthogonal dimensions in the P-dimensional space is arbitrary. To see this, consider the hot-dog example again. Although locating pimientos can be reduced from a problem in three dimensions to a problem in one dimension, the one dimension does not have to point exactly along the long axis of the hot dog. It could be rotated to any angle at all, excepting at a right angle to the long axis, and the pimientos could still be located with equal accuracy.

 

This fact led one critic of the idea of general intelligence, Stephen Jay Gould (1983) to argue that factor analysis is not an appropriate way of defining the variables underlying test scores, because one solution is statistically as a good as another. Gould was wrong. There are statistical methods (which were well known to specialists at the time) that make it possible to compare the goodness of fit of one factor-analytic solution to another. When these methods are applied, investigators virtually always find a highly reliable first factor. The case for general intelligence, the unitary IQ score, is far from trivial. However, there are alternative explanations for the data, based on the idea that there are different types of intelligence, even when one restricts oneself to the notion that intelligence is what the tests measure. To understand what they are, we need to delve into factor analysis a bit more.

 

Suppose that the statistical variation in the data can be reduced from K dimensions (the original test space) to P orthogonal dimensions. This is only possible if the K original tests are positively correlated, which they virtually always are. In this case there will also be a solution in M dimensions, where P < M < K, in which some of the M dimensions are not orthogonal to each other. (In psychological terms, if two abilities are statistically unrelated to each other, the dimensions representing them will be orthogonal.) Now, suppose that you had some theoretical reason to believe that the data from the original K tests had been generated by two or more underlying mental factors that were statistically related to each other. Returning to the athletic example, you might want to argue that decathlon scores were determined by the strength and speed of the athletes, and that there is a statistical relationship between strength and speed. Reasoning such as this is called specifying a factor structure for the underlying abilities. Gould claimed that psychometricians could not distinguish between alternative factor structures. Today they can.

 

During the 1970s the Swedish psychometrician Karl Jr¨eskog developed a statistical technique for evaluating the fit of a multivariate data to an arbitrary, a priori specified factor structure. This made it possible to compare two proposals about the structure of intelligence to data, to see which theory best fit the facts. The new methods have been applied to a number of new data sets (notably Gustafsson 1984) and have become standard in evaluating models of intelligence. In a related, highly technical but very important volume, John Carroll (1993) used somewhat different methods to reanalyze a great many important data sets that have been collected over the past 60 years. The results of these independent analyses were quite consistent. Skipping over some details, human intellectual competence appears to divide along three dimensions. Following Raymond Cattell (1971) and John Horn (1985), I shall refer to these dimensions as fluid intelligence (Gf), crystallized intelligence (Gc), and visual-spatial reasoning (Gv). Cattell and Horn describe them as follows:

 

Fluid intelligence is the ability to develop techniques for solving problems that are new and unusual, from the perspective of the problem solver.

 

Crystallized intelligence is the ability to bring previously acquired, often culturally defined, problem-solving methods to bear on the current problem. Note that this implies both that the problem solver knows the methods and recognizes that they are relevant in the current situation.

 

Visual-spatial reasoning is a somewhat specialized ability to use visual images and visual relationships in problem solving--for instance, to construct in your mind a picture of the sort of mental space that I described above in discussing factor-analytic studies. Interestingly, visual-spatial reasoning appears to be an important part of understanding mathematics.

 

Crystallized- and fluid-intelligence measures are substantially correlated. For instance, Horn reported a study in which Gf and Gc measures were extracted from an analysis of the WAIS. The correlation between factors was 0.61. Such findings have led believers in just one intelligence to argue that Gf and Gc are simply different flavors of a general intelligence (IQ) factor. This argument cannot be answered one way or the other solely by looking at correlations between tests. However, it can be attacked by stepping outside of factor analysis and looking at how Gf and Gc measures respond to manipulations that might change mental competence. It turns out that they respond differently.

 

The most striking example is aging. Measures of Gf generally decrease from early adulthood onward, whereas Gc measures remain constant or even increase throughout most of the working years (Horn 1985; Horn and Noll 1994). This is not surprising. Experience counts; most of the key leadership positions in our society are held by people over 40. On the other hand, middle-aged and older people do take longer than younger people to understand new problem-solving methods and to deal with unfamiliar tasks. Age is not the only variable that can be shown to have different influences on fluid and crystallized intelligence. Alcoholism shows similar effects.

 

Since variables such as age, which is not itself a ..................COGNITIVE....................... operation, have different influences on different types of tests, it follows that there cannot be just one ability underlying test performance. This argument moves away from the psychometric tradition, which focuses only on test scores, and towards the ..................COGNITIVE.......................-psychology approach to intelligence. As the name suggests, it is derived from a more general theory about what human thought is, so a word about the general theory is in order.

 

The ..................COGNITIVE.......................-Psychology View

 

..................COGNITIVE....................... psychologists think of thinking as the process of creating a mental representation of the current problem, retrieving information that appears relevant and manipulating the representation in order to obtain an answer. The problem, its solution and some of the methods used to solve it are then stored for later reference. The key point in this process is creating the representation. This is assumed to require a temporary, working memory capability, which requires attention and is often a bottleneck in thought. When familiar problems are encountered the process of building an appropriate representation becomes more efficient, because previously acquired information and problem solving techniques can be used. This reduces the demand on working memory, but does not entirely eliminate it.

 

The ..................COGNITIVE.......................-psychology view is that cognition is a process, whereas the psychometric view makes it a collection of abilities. Perhaps because it is more dynamic, the ..................COGNITIVE.......................-psychology view is often seen as more appealing than the psychometric view, but it has the disadvantage of not lending itself to easy summarization. When ..................COGNITIVE....................... psychologists try to characterize a person's thinking, they are not likely to use numbers to place the person in a "mental space" defined by factors derived from IQ testing. Instead they frequently use analogies to computing systems. To solve problems a computing system must have sufficient "number crunching" power to attack the problem at hand, programs that are appropriate for solving the problems the system faces, and access to the data required to solve these problems. ..................COGNITIVE....................... psychology draws an analogy between computing power, programs and data access, and the ..................COGNITIVE....................... functions of being able to process ideas--any ideas--quickly and accurately, knowing how to solve certain classes of problems, and having access to the ..................KNOWLEDGE....................... needed to solve particular problems. In psychological terms, human number-crunching is a physiological capacity, whereas knowing how to solve problems and knowing key facts are both products of learning. Each of these aspects of thought are legitimate parts of intelligence. The physiological capacities are clearly part of Gf, knowing key facts is part of Gc, and having acquired certain problem-solving strategies is a bit of both Gc and Gf. A person's capabilities are determined by the interaction between power, ..................KNOWLEDGE....................... of how to use that power and access to required data.

 

The ..................COGNITIVE.......................-psychology account complements the psychometric distinction between fluid and crystallized intelligence. Both accounts stress how a novice's performance depends on the ability to develop new problem representations (Cattell and Horn's fluid intelligence) and how with experience one shifts from problem representation to pattern recognition, by applying past solutions to present problems. Since developing a representation is more demanding of working memory and attention than pattern recognition is, learning to do an intellectual task will generally be harder than doing it. The theory also implies that people who do well on tests of fluid intelligence should have a large working-memory capacity, and indeed, they do (Carpenter, Just and Shell 1990).

 

When cognition is viewed this way it is not surprising that IQ tests, and especially fluid-intelligence tests, are associated with academic performance. By definition students are novices. So are apprentices in workplace settings. Data from the military (Wigdor and Green 1991) have shown that performance on the Armed Forces Qualification Test (AFQT), which is used to screen military recruits, has a strong relation with performance on the job in the first few months. After two years the relation is reduced, but not negligible. Similarly, the Department of Labor's General Aptitude Test Battery (GATB) has been shown to be less valid for older than for younger workers. This is consistent with laboratory studies and theoretical analyses in ..................COGNITIVE....................... psychology, all of which show that the experience reduces but does not eliminate the relation between general intelligence and performance (Ackerman 1987).

 

Nonlinearities in Intelligence

 

Most of our everyday measurements are linear measurements. A linear measurement is one in which a constant interval means the same thing at any point on the scale. For instance, adding one inch to a six-foot board produces the same change in length that adding one inch to a five-foot board does. We are so familiar with linear measurements that we often assume that the properties of linear measurements apply to any characteristic that is described by numbers. That is not so, and the erroneous assumption can be particularly confusing when we deal with intelligence.

 

In psychometric theories intelligence is calculated by determining a person's standard score on an IQ test. The standard score is the deviation of a person's absolute score of a test from the mean test score of a reference population, divided by the standard deviation (a measurement of the variability of scores in the reference population):

 

zi = ( xi - µ )

 

______

 

s

 

where xi is the ith person's score in absolute units (usually the number of correct answers on a test) and µ and s are, respectively, the population mean and standard deviation. If this equation were applied strictly, a person of exactly average intelligence would have a score of zero, and people with below-average intelligence would have negative scores. Since the ideas of zero and negative intelligence do not seem reasonable, it is conventional to report IQ scores by rescaling standard scores, using the equation

 

IQ = 15z + 100

 

This gives the person of average intelligence a score of 100. This equation is simply a scaling convention; the real definition is contained in the first equation, which makes the standard deviation the unit of scoring. Herrnstein and Murray refer to the standard deviation as "like an inch," but it is not. The standard deviation is determined not by the absolute values of the scores in a population, but rather by the extent to which one score is likely to be different from another. In addition, the zero point of the IQ scale (IQ = 100) is determined by the population mean, not by a definition of "average intelligence" in terms of intellectual performance. Therefore the IQ score of an individual is a relative score, compared to the mean and variability in the reference population, rather than an absolute measure of mental competence. If we measured height the way that we measured IQ, a six-foot, six-inch man would have a standard score of somewhat greater than 2, in the North American male population. The same person would have a standard score of about 0 if the reference population were professional basketball players.

 

The distinction between the relative and absolute definitions of intelligence becomes important when we consider the relation between IQ, defined by standard scores, and various dependent measures, such as school achievement and workplace performance. Suppose a psychometrician records the job performance and intelligence-test scores of a group of workers. The relationship would be expressed by this equation, where B is the regression coefficient, or the rate at which job performance changes as IQ changes:

 

job performance = average job performance +

 

B * IQ

 

B is calculated to make predictions as accurate as they can be. The actual degree of accuracy is measured by the correlation coefficient , which varies from 0 (no accuracy at all) to 1 (perfect prediction). Determining the regression and correlation coefficients from a given set of data is straightforward. The problem comes when an extrapolation is made to new situations, where some data points lie outside the range of IQ units observed in the original study. An example might be extrapolating the grade-IQ relationship observed in high-school students to grade-IQ relations among college students. Such extrapolations implicitly assume that IQ scores are linear measures of the intellectual traits that they are supposed to measure. This is not true. Suppose that a person in his 20s suffered a brain injury or infection that reduced his IQ score by 20 points. (Such things are possible.) If he were a medical or law school student with an original IQ of 140, he would probably still complete his coursework, though perhaps with not quite so high a class rank as before. If the person were a blue-collar worker with an original IQ of 80 he would, at IQ 60, have a substantial risk of homelessness, poverty and a number of other serious social problems.

 

The issue of nonlinearity applies to the very definition of intelligence, and in particular to the question of whether there is one type of intelligence or several. Suppose that general intelligence is equally important at all levels of mental competence. In this case the results of a factor-analytic study of test scores, based on data from people with high levels of intelligence, should be similar to the results of a study based on data from people of lower absolute levels of intelligence. Historically there have been suggestions that this is not so. The general-intelligence model was first developed by Charles Spearman (1904, 1927), based on analysis of test results from English schoolchildren. In 1938 L. L. Thurstone challenged Spearman's conclusion because he found very little evidence for general intelligence in a sample of University of Chicago undergraduates. It was observed at the time that the discrepancy might have arisen because Spearman and Thurstone had taken data from people of widely different intellectual levels, which would be evidence that intelligence changes qualitatively as the level of mental competence changes. However, the results were not definitive because Spearman and Thurstone had used different tests.

 

An important study by Douglas Detterman and Mark Daniel (1989) showed that the relations between subtests do change as the level of scores changes. Among other things, Detterman and Daniel examined correlations between subtests of the WAIS and found higher correlations between subtest scores for people with below-average IQ than for people with above-average IQ. David Waller and Derek Chung and I found the same thing when we analyzed the ASVAB scores that Herrnstein and Murray used in The Bell ..................CURVE....................... to determine the relation between IQ and various indicators of social adjustment. It appears that general intelligence may not be an accurate statement, but general lack of intelligence is!

 

The conclusion that the relation between different indices of mental competence depends on the general level of competence is not consistent with psychometric approaches, but it is consistent with the ..................COGNITIVE.......................-psychology approach. Recall that the ..................COGNITIVE.......................-psychology approach assumes that mental competence is produced by a cascade of progressively more refined abilities, moving from information processing to problem-solving techniques to ..................KNOWLEDGE....................... possession. It follows that problems at the information-processing level will be general, whereas potentials established at higher levels will be specific. In fact, Detterman and Daniel did find that the relation between information-processing measures and intelligence-test performance is higher at low levels of intelligence. Similar observations have been made by scientists who have studied very high-level performance, in fields ranging from physics to literature. A certain amount of intelligence seems to be needed to gain entry to an intellectually demanding field, but beyond that point success is determined by the effort put into the job, social support, and just sheer experience. (See Ericsson, Krampe and Tesch-Romer (1993) on expertise, Simonton (1984) on creativity, and Gardner (1993) for some interesting biographical data.)

 

In economic terms it appears that the IQ score measures something with decreasing marginal value. It is important to have enough of it, but having lots and lots does not buy you that much. My regrets to Mensa, but that is the way things are. Nonlinearity becomes important when we ask a key question raised by Herrnstein and Murray: What is the relation between intelligence and workplace performance?

 

How Important Is Intelligence?

 

No one would worry about who has intelligence, or why, if it did not matter. Indeed, one of the claims made by the opponents of testing in the 1960s and 1970s was that intelligence tests just measured academic performance, and that even there they did not do a good job. One of Herrnstein and Murray's major contributions has been to expose this bit of Mokita. Intelligence, as measured by the tests, really does matter in both school and workplace, although it may matter in somewhat different ways than The Bell ..................CURVE....................... suggests.

 

To argue that IQ is a determinant of economic outcomes, Herrnstein and Murray relied on two sources of evidence. One was the recent literature, and especially John Hunter's (1986) summary of the relation between IQ scores and workplace performance. The other was their own analysis of data from the National Longitudinal Survey of the Labor Market Experience of Youth (NLSY). The NLSY is a Department of Labor survey that has followed over 12,000 participants since 1979. The respondents are now in their late 20s and early 30s. Early in the survey many participants took the Department of Defense's ASVAB test. Herrnstein and Murray used the AFQT score, which is derived from the ASVAB subtest scores, as a measure of IQ. They then related IQ to subsequent life events, such as being employed or being below the official poverty line.

 

Hunter reviewed studies of the relationship between job performance and scores on the General Aptitude Test Battery (GATB), a Department of Labor test which was widely used until the late 1980s, when the testing program became embroiled in a controversy over its fairness to minorities. The GATB was withdrawn as a political rather than a scientific decision. After a detailed statistical analysis, Hunter concluded that the "true" relation between intelligence and job performance in the population is about 0.5. This conclusion depended heavily upon extrapolating relationships beyond the data, which assumes linearity. A National Science Committee reviewing the GATB argued that Hunter should have used the observed correlations, which were almost all in the 0.2 to 0.3 range. The truth probably lies between these estimates, providing that the extrapolation is to comparable jobs (Hunt 1995). And that is an important qualification.

 

The GATB was designed to screen applicants for entry-level jobs in blue-collar and lower-level white-collar occupations. In terms of averages (something that is well established), we are talking about occupations where the mean IQ is in the 90-110 range, which covers about half of the population. But recall that as intelligence goes up ..................COGNITIVE....................... abilities become more differentiated. Also, as experience goes up the IQ-performance connection gets weaker. These factors would lead to a reduction in IQ-performance relations within higher-level job classifications, and when dealing with experienced and older individuals. (In fact, the GATB is known to be less accurate in predicting the performance of older workers.)

 

The qualification within a job class is also important. There are quite high correlations between the socioeconomic status of a job and the mean IQ of the jobholders. Truck drivers average slightly under 100, while high-paid professionals, such as doctors and lawyers, have averages of 125 or above. It is sometimes asserted that this is because general intelligence is needed to obtain the educational certification required to qualify for a job, but is less important to on-the-job performance. There is evidence for this. Military and civilian studies have found that IQ tests are better predictors of performance when people are in training programs than when they are on the job itself. After people are on the job, correlations are higher between IQ and tests of job ..................KNOWLEDGE....................... than between IQ and on-the-job observations of performance. However, none of the correlations vanish.

 

IQ does not predict all aspects of job performance. In an extensive study of enlisted personnel (Campbell, McHenry and Wise 1990), the Army found that it was useful to distinguish between what might be called ability aspects of performance, which includes such things as ..................KNOWLEDGE....................... of one's job requirements and the ability to operate machinery required in the job, and motivational aspects, which include cooperating with colleagues, showing initiative and leadership. The ASVAB did a good job of predicting the ability aspects but had almost no relation to the motivational aspects. This is not surprising, but it does make any focus on a unitary index of job competence seem simplistic.

 

In summary, it appears that IQ is an important factor in getting into a job or profession, but is less important (although not negligible) once you have learned to do the job. Further improvement is then achieved by acquiring experience, rather than improving upon an abstract ..................KNOWLEDGE....................... of what the job requires.

 

Untangling Social Variables

 

If we can predict good things, however imperfectly, for someone with a high IQ score, what can we predict for a person with a low score? People with criminal records, people who are below the official poverty line, and people who are receiving aid for dependent children tend to have low IQ scores. Based on their analysis of the NLSY data base, Herrnstein and Murray argued that IQ causes these problems, because AFQT scores are often the best single predictor of a person's social troubles.

 

People who are below the poverty line are likely to simultaneously have low IQs (on the average) and poorer than average health, and to come from parental families of low socioeconomic status (SES). What is causing what? The question is hard to answer, partly because of the difficulty of the statistical analysis and partly because most social problems have multiple causes. Young adults on welfare may be there because of a combination of low intelligence, lack of education and limited familial support.

 

In preparing their book, Herrnstein and Murray used a technique called logistical regression to attack the statistical problems. They first defined a binary social variable, such as having an income under the official definition of poverty, and then looked at the relation between the probability that a person will be on the bad side of this variable as a combined function of various predictor scores, such as IQ (defined by the AFQT), SES, and education. Because of mathematical problems, it is not possible to look at the probability of, say, poverty status, directly. Instead they calculated a regression equation. In this equation p is the probability of being in poverty. A logarithmic expression based on p is related to IQ, SES, education (ED) and so forth by the regression coefficient for each (the B terms).

 

ln (p/(1-p)) = A + BIQ(IQ) + BSES(SES) +

 

BED (ED) + ...

 

If all variables are expressed as standard-score units, you can determine the relative importance of each variable as a predictor by comparing the regression coefficients. For instance, in the case of poverty status the regression coefficient for IQ is -0.84 and the regression coefficient for SES is -0.33. This tells us that the risk of poverty goes up as IQ and parental SES go down, and that, since the absolute value of the IQ regression coefficient is greater than the absolute value of the SES regression coefficient, the risk of poverty is more sensitive to changes in personal IQ than to changes in parental SES.

 

Results like this are ubiquitous in the NLSY data. IQ is the best predictor of being below the official poverty line, dropping out of high school and receiving aid for dependent children. IQ and SES are about equal in predicting risks of long-term unemployment and of divorce. Since the publication of The Bell ..................CURVE......................., and possibly inspired by it, there have been a number of privately circulated alternative analyses of the NLSY data. All the ones that I have seen show that, although you might change the exact numbers reported by Herrnstein and Murray a bit, intelligence is a substantial predictor of indicators of social problems.

 

But just how substantial, and how should a prediction based on intelligence be related to a prediction based on other factors? This is a hard question to answer, because of the complicating factors of nonlinearity and collinearity. Recall that nonlinearity means that a relation is not the same at all levels of the predictor (IQ). Understanding nonlinearity is always difficult. The problem is compounded because, in this case, the regression coefficients are not for the risk of a social problem; they are for the logistic function of that risk. This function is not intuitive to most people. Collinearity refers to the fact that the predictor variables--IQ, SES, education and a number of other possible predictors--are themselves highly correlated. In the NLSY data, for instance, the correlation between IQ and SES is 0.55, which is about as high as the correlation between adult height and weight.

 

The graph below shows how these effects combine in the NLSY. This figure is a three-dimensional view of the relation between the probability of being in poverty status, represented by color; IQ (the horizontal axis); and SES (the vertical axis). The figure shows both the nonlinearities and the collinearity of these data. For anyone of above-average intelligence or high parental SES, the probability of being in poverty status is very low indeed. This is indicated by the large black area in the figure. Furthermore, in this distribution people with moderate or better SES and very low intelligence, or moderate to better intelligence and low SES, are not likely to exist. (Note that the figure is not a square.) The red "hot spot" might be thought of as a danger zone in which relatively high probabilities of poverty status are associated with the combination of the bottom 15 percent of the intelligence and parental SES distributions. This does suggest a troubling, cyclical relation between these variables. But once a person's scores are in the moderate SES or moderate ..................COGNITIVE....................... ability ranges the relation between poverty, IQ and parental SES virtually vanishes.

 

Waller, Chung and I have developed a number of similar analyses for other "at risk" variables in the NLSY data set, such as health problems and prolonged unemployment. No single picture emerges. What is clear, though, is the need to consider nonlinearity and collinearity in each case. Even after this is done, intelligence test scores in the bottom 15 percent (roughly an IQ of 85 or below) almost always indicate that a person has a substantial risk of encountering problems in our society. It is important to remember that this is a statistical statement, whereas at the individual level nonstatistical interactions are involved. There are undoubtedly many cases in which a person with low parental SES inherits genetic limitations in IQ, and IQ score is indicative, on average, of the extent to which a person can benefit from education. There are other cases in which limited family support or limited educational opportunity may restrict a person's intellectual potential, even when a person is highly motivated to succeed. Statistics cannot tell us to what extent any of these variables is operating in an individual case. All statistics can tell us is how many such cases to expect in the population.

 

We once again see that the data are more easily explained by the ..................COGNITIVE.......................-psychology view of intelligence as an interacting process than from the psychometric emphasis on linear relationships. From a ..................COGNITIVE.......................-psychology perspective, low IQ might cause social problems, because of the failure of some general component of cognition, but once beyond a given level of ability people would be able to cope with the general society adequately. (Anthropologists will hardly be surprised to find that most people are able to operate in their own cultures! ) Social problems could arise, though, if the threshold for doing well in society were set so high that a substantial number of people could not meet it. This topic will appear again when we look at the interaction between scientific facts and public policies.

 

Can ..................COGNITIVE....................... Abilities Be Improved?

 

Because expressed intelligence must be drawn out from innate ability, through cultural experiences, it is natural to ask whether certain cultural experiences, including education, can improve intelligence. Some social programs have had this as an explicit goal. It is also natural to ask whether societies can improve intelligence by altering the physical environment--for instance, through programs to improve nutrition or the family environment. Finally, whether or not intelligence, as measured by tests, is subject to improvement, there remains the question of whether ..................COGNITIVE....................... competence can be manipulated.

 

These questions have been looked at in three ways: in statistical and historical comparisons of cultures, from within our own culture's experience and from the viewpoint of statistical and theoretical biology. They are at the core of the debate reignited by Herrnstein and Murray, who argue that competence in today's workplace is determined by IQ, that IQ is determined by inheritance and that since IQ is resistant to change, social programs that rely on changing or disregarding IQ are misguided and even counterproductive.

 

If we take a cross-cultural perspective, there is evidence that broad characteristics of a society can influence reasoning, probably by placing a value on the practice of certain intellectual skills. Literacy is associated with an appreciation for abstract reasoning, which is of considerable importance in a technologically oriented society. Nonliterate, traditional cultures seem to place more weight on reasoning based on memory and personal experience. These observations, though, are of limited importance for the study of variations in intelligence within our own society, where minimal literacy is virtually universal.

 

There is some indication that intelligence levels have changed over time within Western cultures. Flynn (1987) observed that the absolute scores on widely used tests of abstract reasoning (Gf) have increased in North America and Europe since World War II. Interestingly, scores on tests that are designed to evaluate cultural ..................KNOWLEDGE....................... and problem-solving techniques (e.g., the SAT) declined over the same period. Although the reasons for these changes are not known, the fact that they have moved in the opposite direction is further evidence for distinguishing between intelligence as an abstract problem-solving ability from intelligence as an ability to attack culturally relevant problems.

 

When we move from comparisons across cultures and across time to our own society, we find surprisingly little evidence for influences of cultural experiences on intelligence--once again, as measured by intelligence-test scores--in spite of many efforts to find such effects. Two well-documented findings capture the gist of the results. Studies of adopted children have repeatedly shown that the IQ of the biological parent is a better predictor of the child's IQ than is the IQ of the adopting parent, even when adoption is virtually at birth. Consistent with this observation, the quality of home or school environments appears to have relatively little relation to permanent changes in test scores, once one has taken account of the correlation between genetic and social variables. Put a slightly different way, genetic predictions based on parental or sibling IQ can account for IQ variability in children, after social factors have been taken account of, but social factors are not related to children's IQ after genetic variability has been accounted for (Scarr, in press).

 

Within the framework of the psychometric definition, in fact, the evidence is quite clear that intelligence is substantially inherited. Behavior-genetics studies have shown repeatedly that IQ scores behave as if between 40 and 80 percent of the variation in intelligence, across individuals, can be accounted for by genetic variation. The exact value does not matter. Identical (monozygotic) twins who are adopted at birth and raised apart will resemble each other in IQ more than fraternal (dizygotic) twins raised together. Genetic heritability of IQ is a major determinant of whatever is behind the IQ scores.

 

Genetic heritability has become entangled with racial and ethnic issues each time the national intelligence debate has flared up. Gaps in intelligence-test scores among groups exist; Herrnstein and Murray, like Jensen before them, posit a genetic explanation. Many social activists have responded by denying the tests' validity in minority groups. The facts in this debate are pretty clear, but the explanation for the facts is not.

 

Numerous studies have found that in the United States the average IQ score in samples of blacks and Latinos is about one standard-deviation unit below the average score for whites and Asians. This means that the median black score is exceeded by 87 percent of whites. There is, at best, marginal evidence showing that the tests do not predict minority academic performance as well as they predict majority performance. With a few exceptions (primarily involving language tests in Latinos) test items that appear to have the least cultural bias show some of the largest ethnic-group differences. Herrnstein and Murray asserted that the tests are equally valid for minorities and majorities; although too strong, this statement is closer to the truth than the claim that the tests are totally invalid. This does not mean that the differences in IQ scores between ethnic groups are genetic in origin. In our society ethnic status and social variables that might correlate with intelligence are highly confounded. Therefore the currently available data do not discriminate between genetic and nongenetic explanations. We do not know whether ethnic-group differences are innate or not. Given the complexities of the situation, not the least of which is defining what ethnic group a person belongs to, we should perhaps let the issue go at that.

 

IQ and ..................COGNITIVE....................... Skills

 

The view is different as soon as one steps outside psychometrics. The sociologist Christopher Jencks (1992) has observed that genetic explanations that stop with a heritability coefficient are unsatisfactory because they do not specify how intelligent behavior is produced. No one inherits an intelligence-test score in the sense that one inherits eye color. What must be inherited is a physiological capacity for paying attention, learning and reasoning that allows us to extract from our experiences the ..................KNOWLEDGE....................... and problem-solving techniques required to solve test problems. We have very little idea about what these physiological mechanisms might be, especially insofar as they are related to variation in abilities within the normal range of intelligence. (There is a considerable ..................KNOWLEDGE....................... of physiological problems associated with specific types of mental retardation.)

 

Whichever model they adopt, psychologists have been frustrated in the search for ways to enhance ..................COGNITIVE....................... function. Research has shown how we might lower a person's intelligence by physical intervention, but not how to improve it. There are drugs that produce brief improvements in specific ..................COGNITIVE....................... functions, such as memory or attention, but the intelligence pill is nowhere in sight. And although nutrition might be thought to be a significant effect, there is at best marginal evidence for nutritional effects within the range of nutrition encountered in the developed world.

 

Even if we do not know how to improve intelligence, as indicated by the test scores, the economic issue is what skills people possess, not what their IQ scores are. We may not be able to destroy the linkage between IQ scores and the relative possession of ..................COGNITIVE....................... skills (and it is not clear why we would want to), but improved education and training can raise the average achievement of all students.

 

A study by one of my colleagues (Levidow 1994) showed this in a controlled way. High-school students were given a test of fluid intelligence. They then took a year-long problem-solving-oriented course in elementary physics. The IQ test did indeed predict how much physics the students learned. At the end of the year they took an equivalent IQ test. Their IQ scores had not changed a whit. Furthermore, the IQ test did predict the relative standings of the students on the final examination. However, all students had learned a great deal of physics, as evidenced by comparisons to national standards. IQ may not have been changed, but ..................COGNITIVE....................... competence, in the sense of the problems the student could solve, was increased.

 

Levidow's study involved a carefully monitored educational program. Could similar increases in skill be obtained just by putting more effort into education? In 1994 the New York City school system, at the insistence of their new chancellor, required that virtually all 10th-grade students take science courses that previously had been taken by only half the students, usually the more able ones. Enrollment jumped from 20,000 to 48,000 students. Failure rates went up, from 13 percent to 25 percent. Pessimists can point to this as a consequence of trying to teach hard topics to less-intelligent students. There is probably some truth to this. But more than twice as many students successfully completed science courses in 1994 than in 1993.

 

I have just cited examples of programs that achieved success by one measure, which happens not to be IQ scores. Herrnstein and Murray cited different examples to buttress their conclusion that programs intended to enrich children's intellectual experiences, such as Head Start, have failed. This has serious policy implications, because enrichment programs are generally targeted toward children who, as a statistical group, have low IQ and are considered at risk for school failure. Saying that the programs have failed is a bit strong, because the programs certainly should not be judged solely by their effect on children's IQ scores, and perhaps not even solely upon children's school records. But by these measures it is clear that enrichment programs have not been nearly as successful as it was hoped that they would be when they were initiated in the 1960s and early 1970s.

 

What measures are appropriate to judging such programs? In our society the labor market supplies the yardstick. Herrnstein and Murray maintained that changes in our society are increasing the value of intellectually demanding occupations, relative to the value placed on less intellectually demanding ones. For example, they would argue that in modern times the values to society of computer-system designers and bank-portfolio managers have increased relative to the values of bookkeepers and tellers. They are not the only ones to have made this observation. Secretary of Labor Robert Reich (1991) has described the ascendancy of the "symbol analyst," the person whose expertise is in dealing with abstract models of the world rather than dealing with it directly. The evidence for this trend is overwhelming, and all indications are that it will be accelerated by technological changes that are clearly on the horizon (Hunt 1995).

 

The trend has implications for economic investment in education. During the 1960s and 1970s, and to a considerable extent today, special funds were made available to deal with the "at risk" student, where there was a greater expectation of educational failure. Much less was spent on funding for gifted students. Herrnstein and Murray argue that this is a poor investment policy, on the grounds that education produces a greater added value for society when applied to the top student than when applied to the bottom one. They also argue that because IQ is the driving force in workplace success, and because little can be done to change it, little can be done to change the situation at the bottom.

 

Given the evidence for increasing economic value for highly educated, skilled workers, this is not unreasonable. A good case can be made for investing more in the development of high-level skill than we do now. The United States charges tuition to university students who, in other industrial countries, would receive stipends as part of an effort to improve national human resources. Two qualifications have to be added. One is that because of the nonlinearities between intelligence and performance, as documented above, it is not clear that the gains from the cultivation of high-level skills would be as great as The Bell ..................CURVE....................... suggests. The other is that because SES is positively correlated with intelligence emphasizing the development of upper-level intellectual skills does tend to make the fortunate more fortunate. The economic advantages of the investment have to be weighed against our society's general disinclination to support the privileged.

 

When it comes to programs to improve cognition generally, there is little room for argument.We need to increase competence at all levels because the increasing technological nature of our society has both increased the opportunities available to the capable and increased the penalties for not being able to keep up. Consumer credit is a good example; new banking technologies have provided the average citizen with an opportunity for leveraged investment that were previously open only to the wealthy. (This is what a credit card is!) Managing the opportunity requires a good bit of sophistication, so consumer debt is a problem. The ..................COGNITIVE....................... skills needed to be a fully functional member of our society are clearly on the rise. Once again, intelligence is more closely linked to acquiring these skills than to exercising them once they are acquired. Therefore investments that improve the efficiency of training and education will have larger and larger payoffs as the technological sophistication required to function in society increases.

 

Intellectual Resources in the Workforce

 

Facts about intelligence are relevant to policy in another area: the question of how society should use those resources that it already has. Affirmative-action programs are now on the political chopping block, and the question raised by Herrnstein and Murray--Do they discriminate against the capable, and thereby squander the nation's intellectual resources?--is squarely in front of us.

 

From a narrow perspective, if the payoff for performance is highest at the top end of intellectual demands, we should be zealous about ensuring that the most demanding, generally best paid, jobs do in fact go to the most competent. To the extent that IQ scores indicate who these people are, we should pay a premium for intelligence. This policy, which Herrnstein and Murray (and others) advocate, has an unfortunate side effect. At the present time assignment of jobs solely on the basis of performance predictors, such as skills tests, would result in marked underrepresentation of minorities in high-level job classes. This, in itself, would create a costly division in society, because the ethnic groups involved would understandably refuse to accept this outcome as just.

 

The only way out of this situation is to make major investments in training and education in the affected communities, so that the distribution of workforce skills becomes more equitable across ethnic groups. There is also a good deal of evidence that successful investment must include participation and support by the minority communities themselves. Simply admitting more minority-group members to present programs does not work. In fact, there is evidence that some such efforts have amounted to certification that minority group members have passed through an educational program without a concomitant emphasis on performance. A recent survey of workplace skills showed that blacks with graduate-school experience have, on the average, writing and computational skills equivalent to whites who have only a community-college education (Kirsch et al. 1993). The issue is the changing of skill levels, not certification levels!

 

The Bell ..................CURVE....................... leaves the impression that nothing can be done because of immutable IQ differences. This position goes beyond the evidence. In fact, Herrnstein and Murray admit that some educational improvement programs that they regard as far too expensive to be feasible nationwide have been effective. The decision about whether a program is "too expensive" or not is a matter of political rather than scientific judgment.

 

As this essay has shown, our ..................KNOWLEDGE....................... of intelligence has been extracted from complex statistical relationships. Queen Victoria's Prime Minister, Benjamin Disraeli, said, "There are lies, damned lies, and statistics." What social policies are dictated by selected facts about intelligence depends on who is doing the selecting. Besides, while social policies are certainly constrained by scientific findings, it is seldom the case that findings in the social sciences will dictate just one policy.

 

Variations in intelligence have always been with us. How important they are depends on the technological level and social organization of society. The "village idiot" was a stock figure in medieval and early industrial stories. In pre-industrial days, though, an able-bodied person, living in a tightly knit society where economic, extended family and social roles merged, may have been able to be a contributing member of society. In fact, in such societies most of the brighter members of society may not have been able to divorce themselves from the problems of dealing with such individuals, so that it was to their advantage to see that everyone could cope. This probably became less true as agrarian societies were replaced by industrial ones. Today we live in a society where economic roles dominate other roles, where the extended family is reduced to an exchange of Christmas cards with cousins (and even ex-spouses) and where the movers and shakers of society can, indeed, afford to remove themselves from the moved and shaken. There are fascinating questions here for those interested in the intersections between sociology, economics, anthropology and ..................COGNITIVE....................... psychology. We do not have the answers yet. We may need them soon, for policy makers who rely on Mokita are flying blind.

 

 

GMSI CSSD

------------------------------------------------------------------------

White Paper 95-001

 

Need an Expert System? ……………..KEEP READING BELOW !!!

 

March 3, 1995

 

Prepared by

John Wimbrough

Sandra Seppala

 

Global Management Systems, Inc.

 

6707 Democracy Blvd., Suite 200

Bethesda, Maryland 20817

301-493-GMSI (4674)

 

Does your help desk really help?

 

 

Do your calls for technical support become a litany of frustration? Is your LAN operating at its capacity or does it bring business to its knees too often? Have you invested in and rewarded your employees with the technological tools to do their job but not provided the technical support they need?

 

For all too many companies, the answer to most of these questions reflect serious inattention to the realities of the technological age. Computers and computer networks are operated by people. To maximize efficiency, their technology tools must be operational all the time. When their computers and software applications programs don't work, they need help and they need it fast.

 

Today's computers, networks, and applications programs are more complex than ever. The people supporting these systems must be highly trained and have the tools to provide the immediate support response expected. Investment in a central support center, st affed with highly qualified technical specialists using the software applications now available for complex systems support, is the only way to reap the benefits of your investment in technological tools.

 

 

 

The move to an expert-based problem-resolution system, while seeming expensive at startup, is the wisest investment an organization can make to guarantee the successful future of its business. This paper looks at the issues facing a central support center , or help desk, its role, function, cost, and technological support tools.

 

Is your support center taking a beating?

 

The explosion of LANs, WANs, and other complex technological tools supporting today's corporations have created a support nightmare. Client/server operations, telecommuting, advanced networking tools, increasing workstation complexity, advanced applic ations software with multimedia, CD-ROM, World Wide Web capability, and high-resolution graphics programs all contribute to the fast-paced, distributed environments you find in most companies today. These, plus large-scale releases of new technology tools , have put incredible pressure on the support professional to become ..................KNOWLEDGE.......................able about a much wider range of products and more technical than ever before.

 

The high-pressure demands of today's businesses have bred users who demand quick turnaround times for computer problems and support 24 hours a day. This has further complicated the support function and added to the frustration of support professionals. The central support center functions as the support staff for everything, yet its staff seldom has the training, tools, or time to provide the kind of support vital to the day-to-day operations of the organization.

 

In addition, software, hardware, and networking vendors can no longer afford to offer free support for the life of their products. Yet, the end users still expect this support. When the vendor can't provide it, the company must. Training alone is not the answer. It just cant keep up with the multiple upgrades and enhancements released continuously for every program a person uses.

 

The support issues of today can't be resolved using yesterday's technology. It isn't enough to merely record and track the problem. The support professional needs an abundance of user and equipment information as well as assistance with problem resolution .

Most help desk software typically creates a record of the problem, tracks the problem until it is resolved, and captures the data to help solve similar problems in the future.

Recent changes in help-desk software have resulted in expanded basic capabilities to include improved problem management, problem escalation and routing, asset management, and interfaces to other key technologies. But even these improvements will not significantly increase your ability to quickly and accurately resolve your customers complex problems.

 

The continuing emergence of expert-based problem-resolution systems will prove to be the support specialists savior. Just how critical is an expert system to the success of your help desk? Without an expert system it will be impossible to leverage the tot al power of your system experts and help-desk specialists.

 

Expert systems to the rescue

 

Expert systems are the answer to easing the developing support nightmare. Expert systems combine extensive call tracking and handling capabilities with a variety of problem-resolution aids to provide the support analyst with a powerful resource to help resolve a callers problem.

 

A word of warning though, beware of the many impostors on the market today. A large number of the so-called expert systems are really only glorified text search and retrieval systems. A true expert system contains three essential elements:

 

A set of rules or general statements based on the collective experience of the help desk analysts.

 

A set of specific facts that clearly define the current problem.

 

A logical engine that can apply the set of rules to the problem definition and produce a list of probable causes and solutions.

 

Expert systems use one or more of the following technologies:

 

Decision Trees are used to guide the support specialist through a collection of structured ..................KNOWLEDGE....................... bases. The information is typically arranged in an action, question, and response format. The support analyst steps through the decision tree depending on specific results.

 

 

 

Decision trees function well when solving problems for products or services that are well defined. A support specialist doesn't have to be well versed or experienced in the actual problem to use decision trees. In fact, decision trees will allow a new or junior analyst to become immediately productive. Decision trees require extensive, up-front development and on-going maintenance to ensure system accuracy.

 

Case-Based Reasoning(CBR) allows for more abstract queries. CBR is meant to handle a larger number of potential problem scenarios than decision trees. All solutions are considered as cases and catalogued. The current problem's parameters are transferred to the CBR engine which compares it to all previous cases. Each possible answer is then displayed to the support analyst who must decide which is appropriate. Some of the more sophisticated systems, like Software Artistry's Expert Advisor, provide solutions in a problem/resolution format with the number of times each has been used. The CBR engine can be an integral part of the help desk system (like the Expert Advisor CBR engine) or through an interface to third-party CBR engines like Inference Corporations CasePoint (which DP Umbrella and MGV Help Desk use).

 

 

CBR is meant to be used when the ..................KNOWLEDGE....................... base is not collected or arranged in a structured manner. It is meant for the experienced support analyst who can evaluate the list of possible answers. CBR databases are typically easier to maintain and require little initial development even though most systems do allow ..................KNOWLEDGE....................... to be inserted to establish specific cases.

 

 

 

Neural Network technology is a newly emerging technology. This method is a self-learning process that works by making associations between the problem description and the final solution which is stored in the ..................KNOWLEDGE....................... base. New problem descriptions are compared to the existing database to identify a match. Neural networks are best suited for dynamic environments.

 

Neural networks do not require any initial data insertion during system development. Proper recording of problem descriptions and resolutions is critical, to ensure that correct associations are created.

 

Other support tools

 

The more progressive and proactive help desk products provide enhanced interface and support tools that assist the support analyst during all phases of problem resolution. Each of these tools address specific issues and are designed to provide the analyst with crucial information not normally available.

 

Additional diagnostic aids

Vendors are also providing additional diagnostic aids to help support analysts quickly resolve problems. These aids include Software Artistry's automated error detection, common problems, and Hot News functions, as well as Vycors Whiteboard.

 

Multimedia and hypermedia

Multimedia and hypermedia provide sound and visual aids to help the analyst during problem resolution. Multimedia simply uses video image or sound to convey information. Hypermedia links related concepts, including images and sound. A typical h ypermedia screen highlights words or images which take the user to related objects, such as text explanations or visual images.

 

Self-help modules

Demand for 24-hour technical support and intolerance for long stints on hold have driven the development of self-help modules.Self-help modules are distributed to the enduser to answer everyday questions about non-fatal problems such as Windows configuration issues, printer errors, or applications programs like Microsoft Word or WordPerfect. They can provide diagnostics, bug fixes, and technical notes for popular programs and commonly used hardware. Self-help modules are most useful to users who don't mind working with technology, mobile workers, and those working outside the help desk's availability.

 

However, most help-desk experts believe self-help modules have a limited appeal. They aren't likely to work if the problem is a complicated hardware-based issue unless the end user also knows how to use specialized diagnostic software.

 

Self-help modules provide a means of reducing calls to the help desk and encouraging the end user to solve standard, everyday computer problems. There are several ..................KNOWLEDGE.......................-base, self-help products available from vendors like Microsoft and Lotus as well a s from third parties like ServiceWare, ..................KNOWLEDGE.......................Brokers, and Computer Library.

 

 

Development of an expert system is going to require a huge investment in time and money. Total system development costs include expert system software purchase, additional required software (SQL database), required hardware upgrades, and implementation costs.

 

High-quality expert systems cost anywhere from $50,000 to several hundred thousand depending on the number of support staff accessing them. The typical cost for a system designed for ten support analysts is $25,000 to $75,000. Additional software and hard ware upgrades can add another $10,000 to $50,000. These costs, however, often are the least expensive part of the effort.

 

The greatest expense comes from the actual system activation. A thorough, comprehensive, and successful system design and implementation must be done by a skilled systems integrator. This process involves identifying the basic system parameters, collecting customer profiles, performing data conversion and insertion, identifying the types of expert systems or other decision aids required, call and problem flow development, escalation or notification rules, problem tracking process, identifying and performing required customizations, and developing management and operational reports.

 

 

 

Typical implementation costs for a ten-user system can be between $50,000 and $250,000 depending on the complexity of your requirements. These costs are usually comparable whether you use internal resources or contract with professional customer support systems integrators, due to learning ..................CURVE....................... factors.

 

 

 

Your immediate reaction may be total astonishment. These costs appear to be astronomical, and why should you spend $85,000 to $375,000 just to provide computer support?

 

Lets look at what it costs to operate a help desk and what you get for your investment.

 

Costs directly associated with a centralized help desk can easily exceed $750,000 annually to support 5,000 networked users. And these are just the direct, easy-to-track costs such as training, staffing, overhead, and equipment. Add on hidden costs including lost productivity, reduced sales, and hidden support costs from the hey Joe support network and you can double your annual support costs.

 

A properly designed help desk system with an effective expert system will reduce both your direct and hidden costs to provide support to your organizations. The two primary areas of improvement are the speed with which a call is handled and the accuracy o f the provided solution.

 

Most expert systems are able to deliver a return on investment in nine months or less.

 

 

 

                Experience and Learning ..................CURVE.......................s *

                        Jeremy Hallworth

 

     The learning ..................CURVE....................... is an exponential ..................CURVE....................... that shows the

effects of learning on output per hour.  Although the rate of

learning is not the same in all applications, the shape of the

learning ..................CURVE....................... is often regular and predictable.  It is a function

that shows how labor hours per unit decline as units of output

increase.

 

     The learning ..................CURVE....................... ratio can be expressed as a percentage.  An

80 percent ..................CURVE......................., for example, means that each time cumulative

output doubles, the most recent unit of output requires only 80

percent of the labor input of the reference unit.  The performance

time drops off rather dramatically at first and it continues to

fall at a slower rate until a performance plateau is, in effect,

reached.  This could be seen as a sharp drop off in the ..................CURVE....................... at

first and then slowly leveling out.  Learning ..................CURVE.......................s at a higher

rate are reflected by a more rapid descent of the ..................CURVE........................

 

     The learning ..................CURVE....................... can be expressed by the exponential ..................CURVE.......................

                                  

                            Y = p xq

 

     where   Y=cumulative average time per unit

             X=cumulative number of units produced

             p=time required to produce the first unit

             q=the index of learning

 

     The value of q is given by

 

                      q=ln(%learning)/ln2 

 

     If new technology is introduced a new learning ..................CURVE....................... may

start, with the ..................CURVE....................... being steep again followed by levelling off

as described above.

 

     An experience ..................CURVE....................... describes a broader notion of learning

..................CURVE....................... that includes many aspects like marketing, distribution and

customer service.  An experience ..................CURVE....................... shows how the full cost for

a unit of production is reduced as units of output increase.

 

     People handling repetitive tasks often become more efficient

as they get used to the operations and managers find better methods

of operations which improve worker outputs.  As an organization

gains experience in manufacturing a product, the resource inputs

required per unit of output diminish over the life of the product.

As the cumulative output of the model grows, the labor inputs

continue to decline.

 

 

 

 

The Universal ..................CURVE.......................

 

 

 

1.Literally thousands of studies have shown that organizational learning occurs in every industry. Organizations and industries, like intelligent organisms and species, learn to become more efficient as they gain experience in solving problems.

 

2.The first careful observations of organizational learning were made in 1922 by Theodore P. Wright. He discovered that the assembly labor declined 20 percent with each doubling of production experience.

 

3.The learning ..................CURVE....................... languished in obscurity until 1966, when the Boston Consulting Group (BCG) found that, after adjusting for inflation, the unit costs of integrated circuits were dropping 25% with each doubling of experience.

 

4.The data revealed that all of the client's cost components declined with the accumulation of production experience. To distinguish this across-the-board cost erosion from the notion that learning only applied to labor, BCG rechristened the learning ..................CURVE....................... the "experience ..................CURVE........................"

 

5.Despite the studies proving its universality, the learning ..................CURVE....................... has been shunned by most economists. Neither learning nor experience appears in the index of the leading history of economic thought.

 

6.Perhaps, if the learning ..................CURVE....................... lent factual support to the core concepts of Western equilibrium economics, a way would have been found to unify fact and theory. But the entire edifice of classical economics rests on the assumption that technology does not change.

 

7.By ignoring the learning ..................CURVE......................., orthodox economics negates the very thing that is unique about human economics - the capacity to respond to experience with intelligence and creativity.

 

8.Compelling evidence of the learning ..................CURVE.......................'s universality has been available for nearly 20 years, but neither the Left or the Right has recognized the learning ..................CURVE....................... for what it really is, proof the "law of diminishing returns" is wrong.

 

9.A firm's efficiency is constrained only by its technology, and its technology is limited only by its members' ability to work together as an intelligent, creative organization.

 

10.Wherever one looks, the same basic pattern of economic progress reappears. Throughout history, the syncopated rhythm of economic progress reflects a succession of linked learning ..................CURVE.......................s.

 

 

 

The Effect of Industrial Structure on Learning by Doing in Nuclear Power Plant Operation

 

 

------------------------------------------------------------------------

Volume: Volume 24, No. 3

 

Issue: Autumn 1993

 

Pages: pp. 418-438

 

Authors: Richard K. Lester and Mark J. McCabe

 

Title: The Effect of Industrial Structure on Learning by Doing in Nuclear Power Plant Operation

 

Abstract: Learning from experience in the nuclear industry has had a significant impact on the operating performance of light water reactor (LWR) power plants. Performance comparisons between the United States and France indicate that the relationship between experience and performance has been strongly influenced by industrial structure. In the United States, a sizable operating performance penalty has been paid both as a result of the diffusion of several types of LWR technology and because of the relative scarcity of multiunit sites caused by the fragmented structure of the electric utility industry. In France, by contrast, performance has benefited from the very high degree of plant design standardization and the prevalence of multiunit siting. These results suggest both short-term and long-term opportunities for improvement in the performance of the American nuclear industry.

 

 

 

 

 

 

------------------------------------------------------------------------

 

 

•Search Abstracts •Order Back Issues •Order Individual Articles •RAND Journal of Economics

Learning and the Behavior of Potential Entrants

 

 

------------------------------------------------------------------------

Volume: Volume 15, No. 2

 

Issue: Summer 1984

 

Pages: pp. 281-289

 

Authors: Gautam Bhattacharya

 

Title: Learning and the Behavior of Potential Entrants

 

Abstract: The possibility of cost reduction through learning by gathering experience is important in many industries where organizational efficiency in production and management is an important determinant of costs. In these industries, the difference in unit costs of production between experienced firms and potential entrants retards entry. This article investigates the behavior of a potential entrant in such an industry and the nature of dynamic equilibrium resulting from the interaction of the entrant and the current producer.

 

 

 

Learning Effects and the Commercialization of New Energy Technologies: The Case of Nuclear Power

 

 

------------------------------------------------------------------------

Volume: Volume 13, No. 2

 

Issue: Autumn 1982

 

Pages: pp. 297-310

 

Authors: Martin B. Zimmerman

 

Title: Learning Effects and the Commercialization of New Energy Technologies: The Case of Nuclear Power

 

Abstract: Recently, attention has been focused on government policy toward commercialization of new energy technologies. Arguments are offered that in the early days of commercialization significant learning externalities that justify subsidy are present. Using nuclear power as a case study, this article estimates the learning effects actually present. The effect of experience on construction cost and on the accuracy of cost estimation is examined. External learning is separated from internalized learning about both construction cost and cost estimation. Finally, an estimate of the value of both kinds of learning externality is provided. The results suggest learning externalities were present, but had little effect on the rate of commercialization.

 

 

 

A Note on Optimal Fixed-Price Bidding with Uncertain Production Cost

 

 

------------------------------------------------------------------------

Volume: Volume 6, No. 2

 

Issue: Autumn 1975

 

Pages: pp. 695-697

 

Authors: Keith C. Brown

 

Title: A Note on Optimal Fixed-Price Bidding with Uncertain Production Cost

 

Abstract: Firms often contract to deliver commodities at prices established before production costs are known. If the amount sold is a function of the quoted price, then the expected benefit profit per unit sold is not, in general, the difference between the unit cost estimate and the price quotation, but rather some smaller amount. Even though they may not understand why they are doing so, firms may learn by experience to add an amount to price quotations necessary to compensate for this effect. An understanding of this effect can lead to more optimal pricing procedures.

 

The Advantages of Imprecise Information

 

 

------------------------------------------------------------------------

Volume: Volume 29, No. 2

 

Issue: Summer 1988

 

Pages: pp. 266-275

 

Authors: Esther Gal-Or

 

Title: The Advantages of Imprecise Information

 

Abstract: A firm in a duopolistic market in which there is incomplete information about cost may benefit from having less precise prior information than its competitor. Experience in production provides firms with internally generated private signals about cost. As a result, the marginal return to production includes the value of information as well as the marginal revenue of production. Hence, the firm with less information about cost has the greater incentive to produce. Imprecise prior information thus provides a mechanism that enables the firm to commit to expand production relative to its rival.

 

 

 

 

 

 

 

Projective Visualization: Learning to Simulate from Experience

 

Abstract

 

 

There are many domains in which the ability to predict future states of the world faster than real-time is desirable. Many of these domains are characterized by their dynamic and continuous nature. Experience in such domains is typically low-level and often noisy. One approach to this problem is to frame the problem as a learning task, i.e., how can an agent in an environment learn to predict the effects of her actions through observation. While such predictions may not be completely accurate since they are based on incomplete experience, it is possible that they may be good enough to allow the agent to perform effectively. This is the approach taken by projective visualization, a technique for learning to project the effects of one's actions into the future based on prior experience.

 

Projective visualization uses a large set of inductively generated decision trees, one for each feature of the case representation, to project a case into the future. The projected case can then serve as a basis for further projection, in a technique called projective simulation. This work describes PVClus, the algorithm used to build case projectors, evaluates the effectiveness of projective visualization, and discusses the application of projective visualization to controlling the actions of an autonomous agent and to simulation in an industrial process-control setting. Further, it is proposed that the architecture for projective visualization is the basis for a ..................COGNITIVE....................... model of human imagery with ties to the mental manipulation of objects, mental practice, perception, and navigation.

 

It is shown that the error rate for projective simulation is linear for small projection windows, and forms a kneed-over ..................CURVE....................... for longer projection windows. Error rate is also shown to be inversely proportional to the size of the training set. Finally, it is demonstrated that projective visualization can be used to improve the performance of an autonomous agent.

 

 

 

Thesis in Compressed Postscript

 

 

The thesis has been broken into a set of self-contained postscript files. While the thesis is copyrighted, permission is granted to download and print your own copy. If you like what you read, you might consider buying a copy (I could use the royalties). The thesis will be published through:

 

 

 

 

UMI Dissertation Services

300 North Zeeb Road

POB 1346

Ann Arbor, MI 48106-1346

Phone: 313-761-4700, 1-800-521-0600

 

 

 

The thesis is broken up as follows:

 

 

 

•Title.ps.Z: 77K (230K uncompressed). This section includes the title page, ac..................KNOWLEDGE.......................ments, abstract, table of contents, list of figures, list of tables, and list of algorithms. •Chap1.ps.Z: 655K (14.5M uncompressed). This chapter contains the introduction and serves as a survey of the main points in the rest of the thesis. •Chap2.ps.Z: 451K (9.9M uncompressed). This chapter describes the architecture for projective visualization from a case-based reasoning perspective. Preliminary evaluations of projective visualization are provided. •Chap3a.ps.Z: 1.6M (51.8M uncompressed). This section of the chapter presents terminology used throughout the chapter, the base algorithm for inducing projectors (PVClus), and some extensions to the base algorithm. •Chap3b.ps.Z: 621K (17.6M uncompressed). This section of the chapter presents additional extensions to the base algorithm, techniques for implementing PVClus efficiently, and an analysis of the worst case and average case time complexity of PVClus. •Chap4.ps.Z: 374K (9.5M uncompressed). This chapter describes using projective visualization for controlling the actions of an autonomous agent. •Chap5.ps.Z: 1.6M (83.6M uncompressed). This chapter describes using projective visualization for simulation in an industrial setting. •Chap6.ps.Z: 612K (11.3M uncompressed). This chapter presents a ..................COGNITIVE....................... model for human imagery based on projective visualization. •Biblio.ps.Z: 60K (136K uncompressed). The bibliography.

 

Comments welcome at goodman@cs.brandeis.edu.

Up to Main Page.

 

 

 

 

Core competencies

 

 

 

Proposed Core Competencies WEB SITES

 

The General Education Core Project. Proposed Core Competencies. Humanities. To understand and apply the methods of the humanities, and to appreciate the...

http://www.kirtland.cc.mi.us/honors/human.htm

 - size 964 bytes - 24 Mar 96

 

 

 

 

Proposed Core Competencies

 

The General Education Core Project. Proposed Core Competencies. Computer Literacy. To have keyboarding, mouse skills, and basic computer literacy....

http://www.kirtland.cc.mi.us/honors/complit.htm

 - size 3K - 10 Mar 96

 

 

 

 

Proposed Core Competencies

 

The General Education Core Project. Proposed Core Competencies. Creative Thinking. To think creatively. Rationale: Creative thought (whether in the terms..

http://www.kirtland.cc.mi.us/honors/creathnk.htm

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Trimark - Core Competencies

 

CORE COMPETENCIES. Architectural. Automation Systems. Building Systems. Civil/Structural. Construction Management. Constructed Cost Estimating....

http://www.trimrk.com/Compet_nf.html

 - size 2K - 26 Feb 97

 

 

 

 

Proposed Core Competencies

 

g. e. c. p. The General Education Core Project General Education Core Competencies Approved First Draft. The following first draft of the approved general.

http://www.kirtland.cc.mi.us/honors/competen.htm

- size 6K - 9 Nov 96

 

 

 

 

Core Competencies

 

Hamilton Strategic Management Group, Inc. "Your Strategic Issues Company" CORE COMPETENCIES / CAPABILITIES. Still Under Construction........ Home Page....

http://www.hsmg.com/corecmp4.htm

 

- size 1K - 29 Sep 96

 

 

 

 

Antioch University, Seattle -- GMP Core Competencies

 

The Graduate Management Program. Core Competencies. The following list of competencies may be exhausting, but it is not meant to be exhaustive! It is...

http://www.seattleantioch.edu/GMP/Corecomp.html

 - size 5K - 4 Sep 96

 

 

 

 

Prahalad, C.K. THE ROLE OF CORE COMPETENCIES IN THE CORPORATION.

 

Prahalad, C.K. 'The role of core competence of the corporation.' Research-Technology Management November-December 1993 p. 40-47. Summary by : Karim...

http://iir1.uwaterloo.ca/MOTW96/readings96/Prahalad93.html

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Stonebridge Technologies, Inc. Core Competencies

 

Stonebridge Technologies, Inc. Core Competencies. [UNIX Server and Client Workstation] [Data Management] [Networking and Connectivity] [Distributed...

http://www.sbti.com/corecomp/corecomp.htm

 - size 2K - 30 Jul 96

 

 

 

 

 

The Graduate Management Program

 

Core Competencies

 

 

 

The following list of competencies may be exhausting, but it is not meant to be exhaustive! It is simply our current attempt to identify the competencies you will need to be a successful manager in the 21st century. This is the backbone of our two-year curriculum and provides goals you can use to measure your own development.

 

 

 

 

 

•Person •Organization •World

 

Person

 

Personal Mastery

 

•Increase your commitment to self ..................KNOWLEDGE........................ Understand your strengths and weaknesses, values, personality traits, and the way in which your presentation of self, including your unexpressed assumptions and feelings, impacts your relationships with others. •Identify and articulate your direction, personal mission and management philosophy. Assess the fit between your values and current actions. •Develop your thinking skills, including the ability to explore topics from multiple perspectives, tolerate ambiguity, ask questions, understand context and ac..................KNOWLEDGE....................... a personal point of view.

 

Reflective Practice

 

•Be capable of accurately evaluating your own performance, noticing your successes as well as your shortcomings. Seek out data that enhances your self- understanding and your capacity to act effectively. •Become aware of personal prejudices, biases, and "blind spots" that affect your decision making. Demonstrate the ability to work with cultural, style and value differences. •Identify and evaluate your current "theories-in-use" and be capable of consciously experimenting with the application of new theories in your work.

 

Communication Skills

 

•Be able to present clear, informative, and convincing information to others in a variety of written and oral presentation formats. •Utilize your ..................KNOWLEDGE....................... of yourself in order to communicate honestly with others. Be able to give and receive feedback productively. •Learn to resolve conflicts appropriately while working to avoid creating lasting resentments that can impede organizational efficiency.

 

 

 

 

Organization

 

 

Business Practice

 

•Possess a general manager's "functional literacy" in the disciplines of marketing, finance and operations. Understand the core concepts, basic vocabulary and relationship of each discipline to the functioning of the whole. •Understand the challenges of business strategy for entrepreneurial ventures and larger firms. •Be an effective project manager.

 

Organizational Dynamics

 

•Be familiar with the nature of key factors influencing organizations, including age, history, purpose, mission, culture, design, power and location. •Understand organizations as systems from several theoretical perspectives (e.g. political, sociotechnical, ecological, evolutionary, etc.). •Understand the aids and obstacles to organizational learning. Be able to design educational experiences and create a climate that fosters learning.

 

Leadership and Team Effectiveness

 

•Understand the dynamics of groups and organizations. Demonstrate personal effectiveness in working with others as leader, peer and subordinate. •Learn to use power wisely and skillfully. •Develop the leadership skills and abilities necessary to have a positive impact on people, processes, and organizations. •Be able to initiate change and know how to cope with unforseen circumstances.

 

 

World  Global Economy

 

•Understand basic economic concepts and their historical development. •Be aware of the fundamental issues of the emerging global economy. •Develop your own viewpoint on the appropriate relationship between economic development, human communities, and the physical environment.

 

Business and Society

 

•Develop a framework for evaluating the interaction of political, economic, social, cultural, technical and environmental factors that affect business decisions. •Be aware of the impact of business decisions on the world outside the firm. •Examine and clarify personal ethics and values. Practice living in alignment with these basic precepts.

 

Spirit, Culture and Community

 

•Consider the ways in which major spiritual and cultural traditions provide or influence individual, organizational and world views. •Appreciate cultural differences and be able to work effectively in a multicultural environment. •Develop compassion for yourself and others. Remain open to new possibilities for building community.

 

------------------------------------------------------------------------

Maintained by:

Bert W. Hopkins

bhopkins@mist.seattleantioch.edu

 

URL: http://www.seattleantioch.edu/GMP/Corecomp.html

 

'The role of core competence of the corporation.'

Research-Technology Management November-December 1993 p. 40-47

 

Summary by : Karim El-Boustani.

 

Introduction

 

In the 1980s major changes took place in our industrial environment: Western companies, which used to be world leaders, aren't in a leadership position anymore. Although, these companies focused on increasing performance considering quality, cost, time cycle, productivity, etc., their Japanese counterparts were more successful. This leads us to investigate the logic for growth in our new globalized economy. The article presents a conceptual framework to achieve an understanding of this logic.

 

A New scorecard:

 

Corporate management, in the 1990s, should focus on growth not on downsizing and restructuring. The new scorecard for managers should be value creation. It will allow western companies to re-gain their leadership on the market. Value creation has two components: performance gap and opportunity gap. In order to succeed, a concern for both should exist. The paper focuses on "opportunity gap through revitalization and growth". Management of opportunity gap should be proactive to become successful.

 

A new framework for value creation:

 

The management of opportunity gap has four interrelated components: Aspiration level of the organization, capacity to leverage corporate resources, competing for the future - outcomes, and organizational capabilities.

 

The aspiration level or strategic intent is a creation a winner spirit within the organization. It focuses directly on the organizational culture and creates a mismatch between the available resources and the aspirations. This approach will be a component in encouraging innovations.

 

Once a mismatch generated, resources should be leveraged to accomplish the new organizational aspirations. To do so, management starts with a "strategic architecture", which is a communication of a wide range of information consistent with the strategic intent. "It provides a framework for focused resource allocation over a long period, allows managers to maintain consistency in their efforts, and provide a logic for managing linkages across business units in large company". It provides a framework to scan the environment in order to detect strategic alliance opportunities and help managers to proactively work on the innovation process.

 

A second component in resources leveraging is the identification of core competencies. A strategic architecture allows managers to identify what core competencies are available in-house and what is needed. Core competencies are an important component in the resources leveraging process. Nevertheless, they should not be confused with core products and core capabilities. Core competencies is the "creative bundling of multiple technologies, customer ..................KNOWLEDGE....................... and intuition, and managing them as a harmonious whole".

 

A core competency can be characterized using three factors: " it is a significant source of competitive differentiation, it transcends a single business, and it is hard for competitors to imitate". It is critical to understand that core competency includes both explicit and tacit ..................KNOWLEDGE........................ Technical capabilities, per se, cannot help understanding this concept. Core competency is present at all levels of the organization and embedded in it.

 

Another factors necessary to understand competence are the "governance process and the collective learning". Governance process represents the quality of communication between functions and business units within an organization. It is clear that investments in technology should be accompanied with governance and creation of learning environments at all levels in the company; otherwise failure is inevitable.

 

Finally, core products are a key concept in understanding the capacity to leverage corporate resources. They are "often the physical embodiment of one or more core competencies". A market that is developing for core products. In order to succeed, it is important to recognize difference, in terms of competition, between core products and end products or services.

 

Nowadays, competition has three levels: "competition for end products and services, competition for dominance in core products that create the capacity to lead in the development of new functionalities, and competition for competence - the capacity to create business". We need to learn to compete on the three levels.

 

A new approach is needed in order to become competitive and be a major player in the innovation process. this new mindset is characterized by: "Challenging existing price-performance assumptions, understanding the meaning of customer-led - Leading customers is what competing for the future is about, and escaping the tyranny of the served market orientation among managers" (too much emphasis on current business). Markets should be created not defended.

 

 

------------------------------------------------------------------------

Conclusion

 

"We need to start with a strategic intent, create a strategic architecture, understand core competencies and products. Growth is the agenda - not restructuring. dramatic growth will not take place if we focus on technology; it will take place if we focus on the organization, with technology as a part of it"

 

 

 

 

Core Competency: Global Attack

 

The ability of the Air Force to attack rapidly anywhere on the globe at any time is unique. The military utility of air power, particularly its speed, range, and flexibility prompted creation of the Air Force as a separate Service following World War II.

 

With the advent of the Cold War, Air Force long-range bombers and later intercontinental ballistic missiles began their vital roles in the nation's first priority of deterring nuclear war. Although nuclear weapons no longer play as central a role in America's national security strategy as they did during the Cold War, we recognize the dangers posed by the efforts of rogue states and others to acquire them. The Air Force will sustain its efforts in the nuclear area and strengthen its response to the growing risk of proliferation. To this end, the Air Force will maintain the bomber and land-based ballistic missile legs of the Triad while remaining prepared to undertake further reductions as circumstances require. The Air Force will also sustain its commitment to support the nuclear requirements of the theater CINCs. Moreover, the Air Force remains absolutely determined to maintain its record of excellence as the custodian of nuclear weapons by ensuring the safe and secure operation of those weapons.

 

Air Force short- and long-range attack capabilities continue to support the deterrence of conventional warfare by providing versatile, responsive combat power able to intervene decisively when necessary. The ability of the Air Force to engage globally, using both lethal and non-lethal means, is vital to today's national security strategy of Engagement and Enlargement. At present, almost a quarter of Air Force personnel are deployed overseas at any one time. The Air Force will maintain that level of commitment and will employ air and space power aggressively to meet the nation's needs for presence and power projection. Over time, however, technological change, threats to forward bases, asymmetric strategies by adversaries who seek to deny entry to U.S. power projection forces, and growing budgetary pressures will likely change the way the Air Force carries out its presence and power projection missions.

 

The Air Force has developed and demonstrated the concept of an Air Expeditionary Force (AEF) rapidly deployable from the United States. This expeditionary force can be tailored to meet the needs of the Joint Force Commander, both for lethal and non-lethal applications, and can launch and be ready to fight in less than three days. The Air Force will develop new ways of doing mobility, force deployment, protection, and sustainability in support of the expeditionary concept.

 

Air Force power projection and presence capabilities today are a complementary mix of long-range and theater aircraft, based in the United States and forward-based. The Air Force has relied heavily in the past on the elements of that mix that were permanently forward-based overseas. Currently, the Air Force is increasing the role of expeditionary forces to maintain its global engagement capability. In the future, capabilities based in the continental United States will likely become the primary means for crisis response and power projection as long-range air and space-based assets increasingly fill the requirements of the Global Attack core competency.

 

 

Problem

 

Today managers in many industries are working hard to match the competitive advantages of their new global rivals.

 

•Lowering labor costs •Instituting just in time production •Adopting human resources practices •Forming strategic alliances.

 

 

 

Important as these initiatives are, few of them go beyond mere imitation.

 

 

 

Cause

 

Concepts such as:

 

•Strategic fit (between resources and opportunities) •Generic strategies (low cost vs. differentiation vs. focus) •Strategic hierarchy (goals, strategies,and tactics).

 

Remaking Strategy

 

Issue A:

•Competing in a hostile environment with limited resources. •Focus of Western Mode of Strategy ...

•Trimming ambitions to match available resources.

•Focus of Japanese Mode of Strategy ...

•Leveraging resources to match seemingly unattainable goals.

 

 

 

Issue B:

 

•Relative competitive advantage determines relative profitability. •Focus of Western Mode of Strategy ...

•Searching for advantages that are inherent sustainable.

•Focus of Japanese Mode of Strategy ...

•Accelerating organizational learning to outpace competitors.

 

Issue C:

 

•Competition is difficult against larger competitors. •Focus of Western Mode of Strategy ...

•Searching for niches.

•Focus of Japanese Mode of Strategy ...

•Producing a quest for new rules that can devalue the incumbent's advantages.

 

Issue D:

 

•Disaggregate the organization allowing top management to differentiate among the investment needs of various planning units. •Focus of Western Mode of Strategy ...

•Allocating resources to product market units in which relatedness is defined by common products, channels and customers.

•Focus of Japanese Mode of Strategy ...

•Investing in core competences as well as in product market units.

 

 

Issue E:

•Need for consistency in action across organizational levels. •Focus of Western Mode of Strategy ...

•Conforming to financial objectives.

 

Focus of Japanese Mode of Strategy ...

•Loyalty to a particular strategic intent.

 

 

Traditional competitor analysis ---> Snapshot of the competitor

is focused on existing resources

(Human, Technical & Financial)

 

Strategic Intent

 

Companies that have risen to global leadership over the past 20 years invariably began with ambitions that were out of all proportions to their resources and capabilities. But they created an obsession with winning at all levels of the organization and then sustained that obsession over the 10 to 20 year quest for global leadership. This obsession is the "STRATEGIC INTENT":

 

 

•Envisions a desired leadership position and establishes the criterion the organization will use to chart its progress

•Komatsu --> "Encircle Caterpillar" ••Canon --> "Beat Xerox" ••Honda --> "Become a second Ford"

 

 

 

 

•Captures the essence of winning

•Apollo program --> "Landing a man on the moon ahead of the Soviets" ••Coca Cola --> "To put a coke within arm's reach of every consumer in the world"

 

•Stable over time

 

Gives consistency to short-term action while leaving room for reinterpretation as new oportunities emerge.

•Set a target that deserves personal effort and commitment

 

Strategic intent gives employees the only goal that is worthy of commitment: to unseat the best or remain the best, worldwide.

Strategic Planning vs. Strategic Intent

 

The strategic planning process act as a "feasibility sieve". Strategies are accepted or rejected on the basis of whether managers can be precise about the "how" and well as the "what" of their plans.

 

Companies thet are afraid to commit to goals that lie outside the range of planning are unlikely to become global leaders.

 

Only with a carefully articulated and adhered to strategic intent will a succession of year-on-year plans sum up to global leadership.

 

 

 

Means vs. Ends

 

The planning format, reward criteria, definition of served market, and belief in accepted industry practice all work together to tightly constrain the range of available means in traditional companies. On the other hand, strategic intent is clear about ends but it is flexible as to means. Achieving strategic intent requires creativity with respect to means.

 

 

 

Management Practices

 

In order to engauge the entire organization, top management must:

•Create a sense of urgency or quasi crisis.

By amplifying weak signals in the environment that point up the need to improve, instead of allowing inaction to precipitate a real crisis.

•Develop a competitor focus at every level through widespread use of competitive intelligence.

Every employee should be able to benchmark his or her efforts against best-in-class competitors so that the challenge becomes personal.

•Give the organization  time to digest one challenge before launching another.

Avoids to create the "wait and see if they are serious this time" attitude that destroys the credibility of corporate challenges.

•Establish clear milestones and review mechanisms

In order to track progress and ensure that internal recognition and rewards reinforce desired behavior.

•Create a sense of reciprocal responsibility

Reciprocal responsibility means shared gain and shared pain.

 

Competitive Advantage

 

Keeping score of existing advantages is not the same as building new advantages. The essence of strategy lies in creating tomorrow's competitive advantages faster than competitors mimic the ones you possess today. An organization’s capacity to improve existing skills and learn new ones is the most defensible competitive advantage of all.

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Approaches to Competitive Innovation

 

Four approaches to competitive innovation are evident in the global expansion of Japanese companies.

•Building layers of advantage

The wider a company's portfolio of advantages, the less risk it faces in competitive battles. New global competitors have built such portfolios by steadily expanding their arsenals of competitive weapons. They have moved inexorably from less defensible advantages such as low wage costs to more defensible advantages like global brands.

 

These manufacturers thought of the various sources of competitive advantages as mutually desirable layers, not mutually exclusive choices. What some call competitive suicide - pursuing both cost and differentiation - is exactly what many competitors strive for.

•Searching for loose bricks

This approach exploits the benefits of surprise, which is just as useful in business battles as it is in war. It begins with a careful analysis of the competitor's conventional wisdom:

•How does the company defines its "served market"? •What activities are most profitable? •Which geographic markets are too troublesome to enter?

The objective is not to find a corner of the industry (or niche) where larger competitors seldom tread but to build a base of attack just outside the market territory that industry leaders currently occupy.

•Changing the terms of engagement

This means refusing to accept the front runner’s definition of industry and segment boundaries.

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Barriers to entry vs. Barriers to imitation.

 

Barriers to imitation are high, but barriers to entry can be reduced by changing the rules of the game.

•Competing through collaboration

Through licensing, outsourcing agreements, and joint ventures, it is sometimes possible to win without fighting. In fighting larger global rivals by proxy, Japanese companies have adopted a maxim as old as human conflict itself: My enemy’s enemy is my friend.

 

Collaboration can also be used to calibrate competitor’s strengths and weaknesses

 

 

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What Is Wrong With Traditional Strategy?

 

The essence of Western strategic thought can not be reduced to:

•Eight rules for excellence •Seven S`s •Five competitive forces •Four products life-cycle stages •Three generic strategies •and innumerable two-by-two matrices.....

 

 

Moreover, They have toxic side effects:

•They reduce the number of strategic options management is willing to consider. •They create a preference for selling businesses rather than defending them. •They yield predictable strategies that rivals easily decode.

 

 

Besides, most of the tools of strategic analysis are focused domestically. Few force managers to consider global opportunities and threats.

 

Moreover, Internal accounting data may not reflect the competitive value of retaining control over core competence.

 

Companies can also be overcommited to organizational recipes, such as SBU and the decentralization an SBU structure implies.

•Not creating economies of scope. •The use of "particular" managerial performance

Finally, in many companies participation is nothing more than a buzzword.

 

Discussion

 

 

•Can you name one global brand developed by a US company in the last ten years? •Is the lack of a strategic intent the real cause of the low competitiveness problem?

 

 

 

Kogut, B. and U. Zander

'..................KNOWLEDGE....................... of the firm, combinative capabilities, and the replication of technology.'

Organization Science, 1992. 3(3): p. 383-397.

 

Introduction

 

 

 

 

Objective: establish an organizational foundation to a theory of the firm.

 

Thesis: ..................KNOWLEDGE....................... is embedded in the organizing principles by which people cooperate within organizations.

 

Theoretical challenge: to understand what firms tacitly 'know how to do' as a set of capabilities that enhance chances for growth and survival.

 

Analysis: How a firm's growth by technology transfer, paradoxically, increases the potential for imitation.

 

Description of an organization: a social community whose actions are structured by organizing principles not reducible to individuals.

 

Categorization of organizational ..................KNOWLEDGE.......................: information and know-how.

 

Competitive implications: related to growth of ..................KNOWLEDGE........................

 

 

 

Information and Know-How

 

•Incomplete characterization of organizational ..................KNOWLEDGE........................

 

•'Information' is ..................KNOWLEDGE....................... that can be transmitted without loss of integrity.

 

•'Know-how" is skill or expertise which is characterized by 'smooth' and 'efficient' performance.

 

•The 'know-how' of an organization is evident in its dynamics.

 

 

The Inertness of ..................KNOWLEDGE.......................

 

•Differing capabilities of transferring and imitating ..................KNOWLEDGE....................... can result in different levels of performance by competing firms.

 

•Codifiability and complexity are two dimensions of this joint problem.

 

•Codifiability is the ability of a firm to structure ..................KNOWLEDGE....................... as a set of identifiable rules and relationships that can be easily communicated.

 

•Complexity can be defined as the number of operations to solve a task, or the number of parameters required to define a system.

 

Transformation of Personal To Social ..................KNOWLEDGE.......................

 

 

•There are distinctions between individual, group, and organizational ..................KNOWLEDGE........................

 

•Difficulties in passing on individual skills.

 

•Development of a unique language or code.

 

•Problems with function-based coding schemes.

 

•Benefits of higher-order principles.

 

 

The Paradox of Replication

 

 

•Problems with growth of the firm through training

 

•Nesting of an organization's ..................KNOWLEDGE....................... is possible because the ability to use a technology can be separated from the expertise to generate it.

 

•Implications for technology transfer.

 

 

Combinative Capabilities

 

 

•Capability for creating new organizational ..................KNOWLEDGE........................

 

•Growth of ..................KNOWLEDGE....................... is experientially based.

 

•The problem of inertness of organizational ..................KNOWLEDGE....................... is not reducible to individuals.

 

•Problems in codifying ..................KNOWLEDGE........................

 

 

Selection Environment

 

•Competitive conditions for imitation and replication.

 

•Selection on product types acts to develop and retard a firm's capabilities.

 

The Make Decision and Firm Capabilities

 

 

•Strength of organizational theory of firm ..................KNOWLEDGE....................... over contracting perspective.

 

•Firm's maintain in-house capabilities that lead to recombinations of economic value.

 

•The make or buy decision depends on doing, learning and platforms of opportunity.

 

 

Conclusion

 

Theory of organizational ..................KNOWLEDGE....................... focuses on organizing principles by which social relations are recreated and coordinated.

 

 

Quotation

 

"But whereas the accumulation of small group interactions facilitate the creation of shared coding schemes within functions, a fundamental problem arises in the shifting of technologies from research groups to manufacturing and marketing. At this point, the identification of a professional orientation conflicts with the need to integrate within the organization." (p. 389)

 

 

 

 

'The role of core competence of the corporation.'

 

Introduction

 

In the 1980s major changes took place in our industrial environment: Western companies, which used to be world leaders, aren't in a leadership position anymore. Although, these companies focused on increasing performance considering quality, cost, time cycle, productivity, etc., their Japanese counterparts were more successful. This leads us to investigate the logic for growth in our new globalized economy. The article presents a conceptual framework to achieve an understanding of this logic.

 

A New scorecard:

 

Corporate management, in the 1990s, should focus on growth not on downsizing and restructuring. The new scorecard for managers should be value creation. It will allow western companies to re-gain their leadership on the market. Value creation has two components: performance gap and opportunity gap. In order to succeed, a concern for both should exist. The paper focuses on "opportunity gap through revitalization and growth". Management of opportunity gap should be proactive to become successful.

 

 

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A new framework for value creation:

 

The management of opportunity gap has four interrelated components: Aspiration level of the organization, capacity to leverage corporate resources, competing for the future - outcomes, and organizational capabilities.

 

The aspiration level or strategic intent is a creation a winner spirit within the organization. It focuses directly on the organizational culture and creates a mismatch between the available resources and the aspirations. This approach will be a component in encouraging innovations.

 

Once a mismatch generated, resources should be leveraged to accomplish the new organizational aspirations. To do so, management starts with a "strategic architecture", which is a communication of a wide range of information consistent with the strategic intent. "It provides a framework for focused resource allocation over a long period, allows managers to maintain consistency in their efforts, and provide a logic for managing linkages across business units in large company". It provides a framework to scan the environment in order to detect strategic alliance opportunities and help managers to proactilvely work on the innovation process.

 

A second component in resources leveraging is the identification of core competencies. A strategic architecture allows managers to identify what core competencies are available in-house and what is needed. Core competencies are an important component in the resources leveraging process. Nevertheless, they should not be confused with core products and core capabilities. Core competencies is the "creative bundling of multiple technologies, customer ..................KNOWLEDGE....................... and intuition, and managing them as a harmonious whole".

 

A core competency can be characterized using three factors: " it is a significant source of competitive differentiation, it transcends a single business, and it is hard for competitors to imitate". It is critical to understand that core competency includes both explicit and tacit ..................KNOWLEDGE........................ Technical capabilities, per se, cannot help understanding this concept. Core competency is present at all levels of the organization and embedded in it.

 

Another factors necessary to understand competence are the "governance process and the collective learning". Governance process represents the quality of communication between functions and business units within an organization. It is clear that investments in technology should be accompanied with governance and creation of learning environments at all levels in the company; otherwise failure is inevitable.

 

Finally, core products are a key concept in understanding the capacity to leverage corporate resources. They are "often the physical embodiment of one or more core competencies". A market that is developing for core products. In order to succeed, it is important to recognize difference, in terms of competition, between core products and end products or services.

 

Nowadays, competition has three levels: "competition for end products and services, competition for dominance in core products that create the capacity to lead in the development of new functionalities, and competition for competence - the capacity to create business". We need to learn to compete on the three levels.

 

A new approach is needed in order to become competitive and be a major player in the innovation process. this new mindset is characterized by: "Challenging existing price-performance assumptions, understanding the meaning of customer-led - Leading customers is what competing for the future is about, and escaping the tyranny of the served market orientation among managers" (too much emphasis on current business). Markets should be created not defended.

 

 

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Conclusion

 

"We need to start with a strategic intent, create a strategic architecture, understand core competencies and products. Growth is the agenda - not restructuring. dramatic growth will not take place if we focus on technology; it will take place if we focus on the organization, with technology as a part of it"

..................KNOWLEDGE....................... creation.

 

Managing ..................KNOWLEDGE....................... Creation in the Corporation

 

It is argued that intellectual capital is becoming a firm's most valuable asset and source of competitive advantage.

 

But most firms are still searching for effective approaches to managing their ..................KNOWLEDGE....................... creation. Now we are beginning to see the emergence of new executive roles, for example, the Chief Learning Officer.

 

Presentation Focus

 

•Why is intellectual property a firm's most valuable asset ? •How does AC increase innovative ability at the organizational level ?

 

Conclusions:

 

•intellectual ability is the lowest common denominator (not technology, financial resources, market placement, etc. - these are only transient characteristics) that defines a firm's ability to handle the evolution of its competitive environment and uncertainty in general •firms are sensitive to their learning environments - the type of AC development to be encouraged depends on the nature of the firm and its environment (e.g., the relatedness between internal and external ..................KNOWLEDGE......................., the rate of ..................KNOWLEDGE....................... advancement) •organizational AC is the outcome of the interactions between:

1.the effectiveness of the gatekeepers and their structure 2.the AC of the individual 3.the ease of communication among individuals (i.e., common language) 4.the diversity of the individuals backgrounds (to allow for novel linkages to form)

•a firm that begins to target a field which is not related to its current activities must actively encourage AC development (since it is unlikely that AC will be developed as a by-product of a current activity) •to properly place a value on AC, one needs to possess some measure of it beforehand; without sufficient intellectual capacity, a firm will not be able to ascertain its true competitive footing •AC can form a component of a negative or positive feedback loop, depending on whether it is encouraged or neglected (see Peter Senge, "The Fifth Discipline")

 

 

How does this Paper relate to our Discussion ?

•the objective of this paper was not to demonstrate why intellectual activity is important to a firm (this is conveyed as by-product of the papers focus) •this paper was intended to address 2 of the 3 general determinants of innovative activity (market demand, technological opportunity and appropriability conditions) which economists study •the authors attempt to demonstrate the impact of AC on the latter two determinants •if one believes that the ability to innovate is essential to a healthy firm, then (a priori) the need for intellectual ability at the firm level has also been demonstrated

 

 

Definition of AC

 

•the ability of a firm to recognize the value of new, external information, assimilate it and apply it to commercial ends

•a key determinant of a firm's innovative potential •at the firm level, AC can be generated as a byproduct of activities such as R&D, manufacturing, technical training, etc.

 

 

 

Introductory Comments

 

•outside information is often an important aspect of innovation (more so than information developed internally by the originating unit) •research has shown that most innovations are created by 'borrowing' instead of inventing (i.e., a product innovation for one firm is the process innovation for the next, but only if this other firm is aware of that innovation's applicability to its needs) •other units internal to the firm (e.g., marketing) are also important originating centers for innovation

 

AC at the Individual Level

 

Cohen and Levinthal base their concept of AC upon research which has studied how the individual deals with ..................KNOWLEDGE........................

 

•...accumulated prior ..................KNOWLEDGE....................... increases both the ability to put new ..................KNOWLEDGE....................... into memory,...and the ability to recall and use it •memory development is self-reinforcing - the more it is done, the easier it gets. Why ?

1.memory is developed by associative learning (i.e., events are stored in memory by establishing links with previously recorded material) 2.the breadth of categories into which this prior information is organized, the differentiation of those categories and the linkages across them affect the effectiveness with which new information is used and with which new information can be acquired

•successfully learning a task may make the job of learning a subsequent related task much easier - in other words, the more you know, the easier it gets •the authors do not find it necessary to differentiate between learning capabilities and problem solving skills; the same process governs both (note: problem solving is defined as the generation new ..................KNOWLEDGE.......................) •intensity of effort is also a crucial factor; the more deeply that material is processed, the better later retrieval and the processing of that item will be •Examples of these concepts:

•learning a new language is more than just vocabulary and grammar memorization, it also requires ..................KNOWLEDGE....................... of the culture, history, current events and is conducted most effectively 'on-site' •learning by doing is the preferred learning strategy for most of us as this furnishes the need to learn •For this presentation, I had AC in the form of:

•prior ..................KNOWLEDGE....................... of WordPerfect (i.e., a markup language: <BOLD> Sid <bold>), which allowed for rapid learning of HTML concepts •prior ..................KNOWLEDGE....................... of Microsoft Word, which allowed me to use the Internet Assistant with little difficulty •prior presentation experience, which allowed me to develop an appropriate structure for this application (hopefully) •being graded on this presentation, which established the prerequisite 'intensity' required to combine these separate bodies of ..................KNOWLEDGE....................... into meaningful associations

 

Summary:

 

•learning is cumulative •learning performance increases when the item to be acquired is related to something which is already known •under conditions of uncertainty, diversity of ..................KNOWLEDGE....................... increases the likelihood that novel associations and linkages are created

 

 

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AC at the Organizational Level

 

 

 

•an organization's AC depends partially on the AC of its individual members, hence all of the above points remain relevant •however, organizational AC is not just the sum of the individual's abilities, it also affected by:

•the communication structures of the firm •that character/distribution of expertise within the firm

 

 

 

 

Organizational AC is strongly influenced by the effectiveness with which information is transferred from one unit to another which has need of that information (note: information is not merely data, it must also be decision-relevant and timely)

 

AC at the organizational level is influenced by 4 aspects.

 

1.the transfer of external information, handled by specialized agents:

•Gatekeeper - the individual who monitors the external environment (at either the firm level or a departmental level) for important information and also translates it into a form that can be understood by internal staff if that information is complex/far removed •centralized gatekeeping is appropriate when the environment is fairly stable; greater numbers of receptors are required as the environment changes more rapidly and more information and sources of information has to be dealt with

2.individuals, who must possess the necessary expertise to understand the ramifications of what is being transmitted to them (i.e., how can this ..................KNOWLEDGE....................... be used to satisfy a firm's needs) 3.the diversity of backgrounds within a group, to increase the potential for novel linkages to develop

•thus a firm should encourage efforts such as close supplier (and customer) relationships, diversity of individuals, limits to division of labor specialization, product groupings instead of process groupings, rotation of employees between diverse departments (horizontal rather than vertical progression), etc.

4.the efficiency of information transfer, which requires a common 'language' or body of ..................KNOWLEDGE.......................

•a trade-off issue exists between 3 and 4: shared language increases the ability to communicate internally but reduces the ability to monitor external signals (internal vs. external AC)

 

 

 

•a firm may not simply boost AC by purchasing external ..................KNOWLEDGE....................... (i.e., takeovers), there would seem to be limits to the incremental growth rates of AC and hence on a firm's ability to raise its innovative potential

 

Implications for the Firm

 

•AC is characterized as path-dependent and domain-specific •AC in the form of prior ..................KNOWLEDGE....................... is important because of:

•Cumulativeness: lowers the cost of learning subsequent new information (or vice-versa) •Expectation Formation: allows for the astute recognition of the merit of a new technology and conditions the subsequent investment in AC

•these aspects become of greater importance as uncertainty in a environment increases •a firm which neglects its intellectual capital may become locked-out from a technological domain (unable or unwilling to close a technological gap with a competitor) because:

•assimilating the necessary ..................KNOWLEDGE....................... is prohibitively expensive •the firm may not be aware of the potential of a technology until it is to late

•AC conditions the organizational atmosphere (specifically its aspiration level in terms of what is possible, not merely what is sufficient) leading to proactive behaviour

 

 

 

>From last week's discussion of Transilience Maps, can we argue that the firms who are predominately involved in Architectural Innovation possess a higher degree of AC than firms which are known more for Regular Innovations (because this Architectural innovation requires both novel technological and market linkages) ?

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R&D and AC

 

 

 

•because a firm's technical sphere of interest is often reflected by its R&D efforts, a firm's AC should not only be strengthened by R&D activities, but should also serve as a rough estimate the firm's current level of AC •a firm's R&D efforts leads to not only a direct increase of the firm's ..................KNOWLEDGE......................., but it indirectly (due to greater AC) allows the firm to benefit more from their competitor's spillovers •conducting R&D could therefore can be justified for 'its own sake', regardless of what marketable products it achieves •firms active in industries with a diverse technological foundation need to conduct more R&D (and hence build AC) than a comparative firm in focused field (i.e., this would allow us to contrast IBM vs. Nike) •co-operative research ventures: more resources are needed than top management would initially think/allocate to actually benefit from these deals - because of the need to also diffuse the new information internally

 

 

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The Firm's Incentive to Learn

 

 

 

•Two factors condition the firm's incentive to develop AC

•The quantity of ..................KNOWLEDGE....................... to be assimilated

•the more there is, the greater the incentive to develop AC

•The difficulty of learning

•the marginal effect of developing AC is greater (i.e., more attractive) as the difficulty of learning increases

 

 

 

 

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Lockout Demonstration

 

A simple model is presented here to demonstrate the transient characteristics of the lockout phenomenon, as would be predicted by the concept of AC.

 

Basic concepts of my model

 

 

 

•K(x) - a firm's composite ..................KNOWLEDGE....................... stock during period x (i.e., R&D skills, manufacturing know-how, marketing savvy) •a - the factor that represents the firm's 'intensity' in pursuing ..................KNOWLEDGE....................... •for our model, a = r

•i.e., it is proposed that the intensity of ..................KNOWLEDGE....................... pursuit can be effectively represented by the amount of resources that top management invests in R&D per period •a firm therefore increases its intensity by simply increasing investment

•the functional form of the model which relates these terms is:

•K(x) = K(x-1) ln (a) •a firm's present ..................KNOWLEDGE....................... stock is therefore a function of its ..................KNOWLEDGE....................... base in the previous period multiplied by the natural log of its investment in new technology and research

•this model is simple, yet incorporates several vital real-world aspects

•it is possible to become 'dumber' (i.e., if the firm does not invest at least 2.69 units, its ..................KNOWLEDGE....................... stock will actually decrease) - surviving from one year to the next does not imply that the firm has grown smarter •this model captures aspects such as your technology becoming obsolete, skilled individuals exiting the firm, missed research opportunities, etc. •increasing the size of the investment does not bring about a corresponding increase in ability (e.g., increasing the amount invested by 100% results in only a 69% increase in ..................KNOWLEDGE.......................: as ln(2) = 0.69) •therefore, the law of diminishing returns is in effect and thus naturally limits the amount by which your firm can improve from one period to the next, hence it is better to invest a steady amount year after year than to try and play catch-up •the amount invested must build upon your ability of the previous year - another natural limitation

 

 

The model in action

 

•two firms in competition illustrate how the AC concept can lead to lockout due to a firm's investment strategy •Firm A decides to take the slow and steady approach, investing a constant 5 units in R&D pursuits each year regardless of its competitive position •the CEO of Firm B decides that he/she is happy with the firms current technology base (in period 0) and that almost no R&D must be conducted to remain competitive

 

Firm AFirm BPeriod xKa(x)ra(x)Kb(x)rb(x)0151311.6151.099322.5951.21334.1751.33346.7151.463510.8051.6010617.4053.6810728.0058.4910845.01519.5410972.44544.9913.3410116.6116.6

 

•in period 1, Firm B is 'only slightly' behind (we assume that if Ka is 300% larger than Kb, then Firm B has become technologically obsolete) •in period 4, the CEO of Firm B is fired. The successor recognizes the mistake and initiates an emergency revitalization program •even so, it takes almost an equal amount of time of high intensity effort to regain equality •over the simulation run, Firm A invested 50 units, Firm B invested 68 units •please note:

•we allowed Firm B to invest huge sums of money to catch up - but this may not be possible in real-life •Firm B is assumed not to fail due to technological inferiority •without sufficient AC, it is likely that Firm B may actually never know it has become obsolete, until it is too late

 

In reality, Firm B may not catch up to Firm A again, ever. To see that this is true, imagine that after obsolescence has occurred (Period 4), the governing equation for Firm B changes to log instead of ln. Firm B would now have to invest 10 units just so that its ..................KNOWLEDGE....................... stock does not decrease. To keep up with Firm A, it would have to invest 40.68 units. This may be prohibitively expensive.

 

This page demonstrates my gradual absolesence in action . Because I have failed to invest the resources necessary to keep the latest versions of Netscape on my home computer, my table formats look 'messy'. If I don't take action soon, I will have to work so much harder later on to catch up.

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Discussion Questions

•Validity of the AC Theory - can the concepts of ..................COGNITIVE....................... structures at the individual's level be transferred to the organizational level? •Currently, the popular press advises managers to focus on 'core competencies'. Could there be a negative effect associated with this advice, as a firm loses its ability to see the future potential of current non-core activities? Does a firm such as Nike (which concentrates on design and marketing) stand to loose in the long-run, since it doesn't practice (for example) its skills in manufacturing? •What are the primary implications of this paper for management? How crucial is it for them to foster AC and which alternatives (other than R&D) could be employed most proficiently? •What is the problem which results because of AC's intangible nature? •What has been the effect of re-engineering/right-sizing on a firm's AC?

 

 

'Managing the company's technological assets.'

Research Management, 1980. (September): p. 20-24.

 

 

 

A growing number of companies are recognizing that technology is a strategic asset which needs to be managed accordingly.

 

This paper focuses on the ways in which technological decision-making is being approached by top management.

 

Business and Technology Strategy Links

 

Five categories of links between business and technical strategy development have been formulated as a result of the examination of the experiences of a number of companies in various fields.

 

The categories are:

 

1.Leap of Faith

 2.Lack of Faith

3.Technology Driven

4.Customer Driven

5.Strategic Management

 

1. Leap of Faith

 

 

Top management calls or allows for certain amounts of money to be spent on R&D without attempting to understand the nature of the specific R&D investment.

 

There are obvious problems with this type of strategy. In bad times, this blind faith is far too easily lost.

 

Also, there is a lack of dialogue between business and technical managers in this situation.

 

2. Lack of Faith

 

 

Money allocated to R&D is closely controlled by business management and in some cases business managers are found involving themselves in the day-to-day management of R&D projects.

 

Although this situation may facilitate close ties between business goals and the deployment of technical assets, very often it leads to a focus on the short term, leaving little technical resources available for longer term projects.

 

3. Technology Driven

This situation is usually found in companies dominated by scientists or engineers.

 

Technical breakthroughs determine the company's path of development.

 

Business functions respond to the company's next technical breakthrough.

 

Although the business plan will tend to be less well-developed and sophisticated and less attention is paid to conventional market factors and changes in the environment, this situation facilitates getting the maximum utilization of technical resources and tends to spur technical advances.

 

4. Customer Driven

The main strategy is to be responsive to market needs - technical assets are employed for customer application and technical service.

 

This type of link leads to a short range focus, as the attitude is one of "milking the technology cow" instead of the development of new technological assets. 5. Strategic Management

This type of linkage entails the development of a business strategy which reflects the important technical assets and opportunities of the organization.

 

This occurs through top management asking a series of questions in order to determine the optimum allocation of technological resources.

 

The Strategic Balance

 

The strategic balance refers to the interaction between the technological assets of the organization and the determination of the business strategy based upon its business goals.

 

A growing number of organizations view their technical assets as key factors influencing, and being influenced by the business strategy.

 

Identifying the Technology Know-How

 

In order to achieve strategic balance, the organization must first determine what its strategic technological assets are, by identifying its technical know-how and what it is good at doing with that know-how.

 

It is suggested that technology strategy workshops with representation from R&D, marketing, manufacturing and general management is a useful approach to identify technology know-how.

 

After the identification of the unique technical capabilities of each product line, the organization must mesh the identification of the technologies with the specific manpower capabilities of the people in the division.

 

Functional Competency

 

In order to fully identify an organization's strategic technical assets, the functional competencies (or strengths) of the technology staff must be determined.

 

The functional competencies of the organization will have implications for the formulation of the technical and business strategy.

 

The functional competencies of an organization are not fixed.

 

Functional competencies will change naturally throughout the maturation process, but can also be affected by the deliberate actions of management.

 

The design of reward systems, hiring and selection processes, the personnel's perception of their jobs, internal turnover, and training and development programs can change the functional competencies of the organization.

 

Concluding quote:

"For success in the marketplace, a company's technical assets and functional competencies must be fitted into the business strategy."

 

 

'The ..................KNOWLEDGE.......................-Creating Company.'

Harvard Business Review,1991, (Nov.-Dec.): p.96-104

 

The main principle behind the continuous and successful innovation of many Japanese firms is simply the ability to create and manage ..................KNOWLEDGE........................ This defines a ..................KNOWLEDGE.......................-Creating company - the ability to generate new ..................KNOWLEDGE....................... and to then embody that ..................KNOWLEDGE....................... into new successful innovations.

 

The principle is simple, yet many Western managers fail to grasp the concept of ..................KNOWLEDGE....................... as a source of lasting competitive advantage. They prefer to measure any new ..................KNOWLEDGE....................... in terms of hard, quantifiable measures (ROI, costs, efficiency).

 

This reflects their image of organizations as static information processing machines.

 

The ..................KNOWLEDGE.......................-Creating company considers itself more of a living organism with a collective sense of identity and fundamental purpose. It looks at not only quantifiable, but qualitative metrics: Does the new idea embody the company's vision, is it an expression of top management's aspirations and strategic goals; does it have the potential to build the company's organization ..................KNOWLEDGE....................... network.

 

Creating new ..................KNOWLEDGE....................... in an organization can be managed as a process. It first begins with the individual and how they learn and share new ..................KNOWLEDGE........................ There are two types of ..................KNOWLEDGE.......................: explicit and tacit.

 

Explicit ..................KNOWLEDGE....................... is formal and systematic and thus, easy to communicate and share. Tacit ..................KNOWLEDGE....................... consists of mental models, beliefs and perspectives that can not be easily articulated and shared.

 

It is the movement between these two forms of ..................KNOWLEDGE....................... that forms the process of creating new ..................KNOWLEDGE........................ Four types of interactions can occur: From tacit to tacit (Socialization), from explicit to explicit (Combination), from tacit to explicit (Articulation), and from explicit to tacit (Internalization).

 

The last two types of interaction are the most critical steps in creating new ..................KNOWLEDGE....................... as they require the active involvement of the individual and his personal commitment.

 

In order for an individual to articulate new tacit ..................KNOWLEDGE....................... to explicit ..................KNOWLEDGE....................... to share with others, a process is required. The manner in which many successfully Japanese firms convert tacit ..................KNOWLEDGE....................... into explicit ..................KNOWLEDGE....................... is first by linking contradictory things and ideas through metaphor, then by resolving these contradictions through analogy and finally, by crystallizing the created concepts and embodying them in a model which makes the ..................KNOWLEDGE....................... available to the rest of the company.

 

For example, Honda used the slogan "Theory of Automobile evolution" to combine two ideas not normally thought of together: the automobile, a machine and the theory of evolution, refering to living organisms. This spurned another metaphor "Man-maximum, Machine-minimum".

 

This evolved into an analogy between man and machine and put the intuitive ideas into more logical terms. Honda came up with the concept of a spherical car design that provided the most room for the passenger while taking up the least amount of space on the road, and minimizing the space taken up by the engine. Finally, a model was created in the form of the Honda city, urban car.

 

This process of creating ..................KNOWLEDGE....................... through metaphors, analogies, and models has direct implications on the design of an organization. The fundamental principle of organization design at the Japanese companies studied was redundancy.

 

This is the conscious overlapping of company information, business activities, and managerial responsibilities. Redundancy can be a successful tool to generate ..................KNOWLEDGE....................... which in turn drives innovation and competitive advantage.

 

Properly managing redundancy can provide a variety of perspectives in which individuals can create and share new ..................KNOWLEDGE....................... through frequent dialogue and communication.

 

There are three ways an organization can realize the advantages of redundancy: through internal competition, strategic rotation of functions, and free access to organizational information.

 

The roles in the ..................KNOWLEDGE.......................-creating company are also affected. The front-line employees are the initial receivers and interpreters of new information.

 

Senior managers create a vision which is open-ended enough for the front-line employees to interpretate their new experiences, each in a unique way.

 

Teams provide a shared context where individuals can discuss their own perspectives and form new ones.

 

The middle managers synthesize the tacit ..................KNOWLEDGE....................... of both front-line employees and senior executives, make it explicit, and incorporate it into new technologies and predictors.

 

In conclusion, many Japanese firms have been successful innovators due to their ability to manage ..................KNOWLEDGE....................... and the process of generating new ..................KNOWLEDGE........................

 

Many other companies can learn from those examples of the importance of viewing ..................KNOWLEDGE....................... as a lasting source of competitive advantage and organizing their companies around this fundamental principle of innovation.

 

1 Brainpower. and 2. Intellectual capital.

Fortune, 1991 &1994. June & October: p. 44-60 &68-74.<Picture>

 

Summary by: Alison Choy

 

Purpose:

 

In both articles, the author discusses the idea of Brainpower, or Intellectual Capital as one of business' most intangible and valuable assets. He considers how businesses can account for intellectual capital as well as capitalize upon it.

 

Definition of Intellectual Capital:

 

 

'..................KNOWLEDGE....................... that exists in an organization that can be used to create differential advantage.' [Hugh Macdonald, ICL]

 

'The sum of everything everybody in your company knows that gives you a competitive edge in the marketplace.' [T.A. Stewart]

 

Summary:

 

Most businesses today cannot give you a precise definition of what constitutes intellectual capital, but what they can agree on is that it is one of the most difficult to identify and even harder to effectively deploy. Some tangible evidence of intellectual capital may include patents or copyrights, but for the most part, it is intangible.

 

Managing ..................KNOWLEDGE....................... as an asset

 

What businesses are struggling most with is the question of how to manage ..................KNOWLEDGE....................... as an asset.

The author suggests two steps to the process:

 

•Finding and identifying intellectual assets •Matching the company's intellectual needs with its strategic plan.

 

Gordon Petrash, Director of Intellectual Asset Management at Dow Chemical has a six step plan:

 

1.Define the role of ..................KNOWLEDGE....................... in your business 2.Assess competitors' strategies and ..................KNOWLEDGE....................... assets 3.Classify your portfolio 4.Evaluate your assets 5.Invest in furthering intellectual assets 6.Assemble your new ..................KNOWLEDGE....................... portfolio and repeat the process ad infinitum.

 

Packaging intellectual capital

 

After identifying the intellectual assets, the company needs to package them in order to be able to distribute and retain the ..................KNOWLEDGE........................ Stewart suggest two ways:

•Automation

•Expert systems•Fuzzy logic

•Storytelling

•Work groups

 

 

Another problem business faces is 'losing the recipe'. ..................KNOWLEDGE....................... that was utilized in the past is lost of forgotten and then re-discovered in the future only to be lost again. This comes at great expense to the company for R&D. To resolve this, automation of ..................KNOWLEDGE....................... is the answer by storing ..................KNOWLEDGE....................... in data bases.

 

 

------------------------------------------------------------------------

 

Measuring the value of intellectual capital

 

To understand the value of intellectual capital, Leif Edvinsson of Skandia has three principles:

 

1.The value of intellectual assets exceeds by many times the value of assets that appear on the balance sheet 2.Intellectual capital is a raw material from which financial results are made 3.Managers must distinguish between two kinds of intellectual capital

•Human capital •Structural capital

 

 

Hubert Saint-Onge of Canadian Imperial Bank of Commerce measures intellectual capital as a sum of three elements:

 

1.Individual skill needed to meet customers' needs (human capital) 2.Organizational capabilities demanded by the market (structural capital) 3.Strength of its franchise (customer capital)

 

In some instances managers want to evaluate their ROI. Although there is no precise measure, one surrogate measure suggested is Tobin's q.

 

Tobin's q reflects the value the market places on something not found on the balance sheet, part of which includes intellectual capital.

 

Company's Market Value (CMV)

 

•Replacement Value of its Physical Assets •CMV = Stock Price x Shares outstanding

 

 

 

Note: Tobin's q is only a relative measure, because at any given time it may also reflect takeover rumors, a company's market clout, etc.

 

Some caveats about intellectual capital:

 

Up-front costs tend to be relatively large in order to acquire it It must be refreshed and replenished constantly, less it disappears In order to circumvent some of these drawbacks, companies have grabbed for network externalities and joined forces with other businesses to integrate intellectual capital. This means that a network's value grows faster than the number of participants involved in it.

 

 

The question for all businesses in the future is: how much will intellectual capital grow?

 

Emory University

Information Technology Division

 

 

3 Areas of Core Competency: Which One Is for You?

 

The best way to deliver what customers value most is to focus on one of three strategies, say consultants Micheal Treacy and Fred Wiersema. They argue that striving for stellar performance in more than one of the three areas can create internal conflict that ultimately damages the image and relationship that companies have with their customers. Companies need to focus their strategic decisions toward one of the three areas, while including aspects of the other two needed for success.

 

As part of ITD's redesign effort, the Steering Committee made a decision that ITD will focus customer intimacy. To quote from the Design Team's Charter:

 

 

 

Our overriding competitive advantage will be building customer intimacy with those we serve. All endeavors and decisions will be based on the ultimate impact on our customers ability to meet their organizational goals and objectives. We will only develop new technologies and services based on the customer's current or agreed upon future needs and not solely based upon the availability of technologies in the marketplace or our desire to create them. While we will endeavor to standardize our architectures to assure integration of information across the total Emory University system, we will conduct our business in such a way that takes into account the unique and varied requirements of a very diverse customer base. We will conduct our business and leverage our resources to deliver the greatest value for the lowest cost, but will not necessarily be the lowest cost provider.

 

 

 

The chart below describes what companies look like that focus on operational excellence, product leadership, or customer intimacy.

 

Focus on Operational Excellence means...Focus on Product Leadership means...Focus on Customer Intimacy means... End-to-end supply and basic service processes that are optimized to minimize cost and hassle. A focus on the core processes of invention, product development, and market exploitation. Obsession with the core processes of solution development (i.e., helping the customer understand exactly what's needed), results management (i.e., ensuring that solutions get implemented properly), and relationship management. Standarized and simplified operations that are tightly controlled and centrally planned, leaving few decisions to the discretion of the rank-and-file employees.

 

Management systems that focus on integrated, reliable, high-speed transactions and compliance to norms.

 

A culture that abhors waste and rewards efficiency.

 

A business structure that is loosely knit, ad hoc, and ever-changing to adjust to the entrepreneurial initiatives and redirection that characterize working in unexplored territory.

 

Management systems that are results-driven, that measure and reward new product success, and don't punish the experimentation needed to get there.

 

A culture that encourages individual imagination and accomplishment, as well as out-of-the-box thinking, and a mindset driven by the desire to create the future.

 

A business structure that delegates decision-making to employees who are close to the customer, and that gives them authority to act and follow up on their decisions.

 

Management systems that are geared toward creating results for their carefully selected and nurtured clients.

 

A culture that embraces specific rather than general solutions, that thrives on deep and lasting client relationships. What they look like from the outside • Lowest price.

• Limited product variety.

• Products without the lastest features.

• Basic service convenience and reliability.

• Rigidity of service approach.

• Little direct contact.

• Superb service error recovery.

• Lots of advertising. • Breakthrough product capabilities.

• High price, but worth it.

• Product features with major benefits.

• Limited help in selecting and applying the product.

• Big-bang product launches and events.

• Lots of basic service snags. • Superb understanding of customer's business.

• Products without the latest features.

• Expertise in areas of customer need.

• Tailored basic service.

• Some service glitches.

• Never the product innovator, but a quick follower.

• Sales reps that make things happen.

• More expensive, but worth it.

 

Adapted with permission from The Discipline of Market Leaders, by Micheal Treacy and Fred Wiersema, Addison-Wesley Publishing Co. Reading, PA 1995.

 

 

 

 

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