How has Japan become a major economic power, a world leader in the automotive and electronics industries? What is the secret of their success? The consensus has been that, though the Japanese are not particularly innovative, they are exceptionally skilful at imitation, at improving products that already exist. But now two leading Japanese business experts, Ikujiro Nonaka and Hiro Takeuchi, turn this conventional wisdom on its head: Japanese firms are successful, they contend, precisely because they are innovative, because they create new knowledge and use it to produce successful products and technologies. Examining case studies drawn from such firms as Honda, Canon, Matsushita, NEC, 3M, GE, and the U.S. Marines, this book reveals how Japanese companies translate tacit to explicit knowledge and use it to produce new processes, products, and services.

The knowledge-creating company : how Japanese companies create the dynamics of innovation

1. Introduction and Overview. 2. Detecting Influential Observations and Outliers. 3. Detecting and Assessing Collinearity. 4. Applications and Remedies. 5. Research Issues and Directions for Extensions. Bibliography. Author Index. Subject Index.

Regression Diagnostics: Identifying Influential Data and Sources of Collinearity

The 2008 crash has left all the established economic doctrines - equilibrium models, real business cycles, disequilibria models - in disarray. Part of the problem is due to Smith’s "veil of ignorance": individuals unknowingly pursue society’s interest and, as a result, have no clue as to the macroeconomic effects of their actions: witness the Keynes and Leontief multipliers, the concept of value added, fiat money, Engel’s law and technical progress, to name but a few of the macrofoundations of microeconomics. A good viewpoint to take bearings anew lies in comparing the post-Great Depression institutions with those emerging from Thatcher and Reagan’s economic policies: deregulation, exogenous vs. endoge- nous money, shadow banking vs. Volcker’s Rule. Very simply, the banks, whose lending determined deposits after Roosevelt, and were a public service became private enterprises whose deposits determine lending. These underlay the great moderation preceding 2006, and the subsequent crash.

The Economic Institutions of Capitalism

The authors examine the implications of electronic shopping for consumers, retailers, and manufacturers. They assume that near-term technological developments will offer consumers unparalleled opportunities to locate and compare product offerings. They examine these advantages as a function of typical consumer goals and the types of products and services being sought and offer conclusions regarding consumer incentives and disincentives to purchase through interactive home shopping vis-à-vis traditional retail formats. The authors discuss implications for industry structure as they pertain to competition among retailers, competition among manufacturers, and retailer-manufacturer relationships.

Interactive home shopping: Consumer, retailer, and manufacturer incentives to participate in

Cultivating Communities of Practice: A Guide to Managing Knowledge

What We Know and Don't Know About Online Word-of-Mouth: A Review and Synthesis of the Literature

Perceived 'usefulness' of online consumer reviews: An exploratory investigation across three services categories

A social network perspective of tourism research collaborations

Visual representation of knowledge networks: A social network analysis of hospitality research domain

We examine the role of network externalities on the use of blogs in an organization. Prior research has considered social influences such as peer pressure, but there is little prior work on how the extent of others' actual usage can influence an individual's use of technology. We also examine how technology usage is influenced by positive feedback from others. Finally, we look at how the relation between technology usage and network effects is moderated by demographic variables such as age and gender. The results of the study show that usage of blogs within an individual's network is associated with an increase in one's own usage. We also show that network effects are stronger for younger generations and that this relation is nonmonotonic with age. This is interesting considering that prior research suggests that social influences are stronger for older employees. Our results also show that network effects are stronger for women than for men. Further, we show that the impact of age on blog usage in not linear. We also find that feedback or appreciation from others is associated with higher blog usage by an individual. Finally, we subdivide the network effects into various subtypes and find that network effects are strongest for relational networks, and that use of blogs by an employee's managers is associated with higher usage by the employee.

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Pradeep Racherla

Papers

What We Know and Don't Know About Online Word-of-Mouth: A Review and Synthesis of the Literature

Perceived 'usefulness' of online consumer reviews: An exploratory investigation across three services categories

A social network perspective of tourism research collaborations

Visual representation of knowledge networks: A social network analysis of hospitality research domain

Network Externalities and Technology Use: A Quantitative Analysis of Intraorganizational Blogs