We develop a contingency view of process management's influence on both technological innovation and organizational adaptation. We argue that while process management activities are beneficial for organizations in stable contexts, they are fundamentally inconsistent with all but incremental innovation and change. But dynamic capabilities are rooted in both exploitative and exploratory activities. We argue that process management activities must be buffered from exploratory activities and that ambidextrous organizational forms provide the complex contexts for these inconsistent activities to coexist.

Exploitation, Exploration, and Process Management: The Productivity Dilemma Revisited

Preface. Preface to First Edition. 1. Financial Time Series and Their Characteristics. 2. Linear Time Series Analysis and Its Applications. 3. Conditional Heteroscedastic Models. 4. Nonlinear Models and Their Applications. 5. High-Frequency Data Analysis and Market Microstructure. 6. Continuous-Time Models and Their Applications. 7. Extreme Values, Quantile Estimation, and Value at Risk. 8. Multivariate Time Series Analysis and Its Applications. 9. Principal Component Analysis and Factor Models. 10. Multivariate Volatility Models and Their Applications. 11. State-Space Models and Kalman Filter. 12. Markov Chain Monte Carlo Methods with Applications. Index.

http://inis.jinr.ru/sl/M_Mathematics/MV_Probability/MVspf_Stochastics%20in%20finance/Tsay%20Analysis.pdf

Analysis of Financial Time Series

Economic Control of Quality of Manufactured Product.

Ambidexterity and Performance in Small- to Medium-Sized Firms: The Pivotal Role of Top Management Team Behavioral Integration.

This research explores the impact of process management activities on technological innovation. Drawing on research in organizational evolution and learning, we suggest that as these practices reduce variance in organizational routines and influence the selection of innovations, they enhance incremental innovation at the expense of exploratory innovation. We tested our hypotheses in a 20-year longitudinal study of patenting activity and ISO 9000 quality program certifications in the paint and photography industries. In both industries, the extent of process management activities in a firm was associated with an increase in both exploitative innovations that built on existing firm knowledge and an increase in exploitation's share of total innovations. Our results suggest that exploitation crowds out exploration. We extend existing empirical research by capturing how process management activities influence the extent to which innovations build on existing firm knowledge. We suggest that these widely adopted...

Process Management and Technological Innovation: A Longitudinal Study of the Photography and Paint Industries:

Six Sigma is the most powerful breakthrough management tool ever devised, promising increased market share, cost reductions, and dramatic improvements in bottom-line profitability for companies of any size.

Six Sigma: The Breakthrough Management Strategy Revolutionizing the World's Top Corporations

To quantify potential price changes of waste feedstocks that may be caused by increased demand, this study explored four case studies: 1) recyclable materials at local waste collection and recycling facilities in seven US states, 2) recyclable materials on internationally traded markets, 3) a wood-powered plant in Reading, PA, and 4) an MSW-powered plant in Tulsa, OK. The four case studies provided a total of ninety-one waste material price observations yielding twenty-seven price-supply relationships expressed as price elasticity of supply (PES) and unit price change with change in demand. For the two case studies related to recyclable materials with a global market shock, price changes vary widely from $0.08-$7.84 per ton with each percent change in demand. For the two case studies related to local market shocks in biomass used for energy, observed price changes range from $0.08-$0.23 per ton per percent change in demand. Based on these results, a base range of $0.10-$0.20 per ton per percent change in demand is recommended for local market shocks. I.e., for a facility that collects organic wastes on the order of 200,000-400,000 tons per year at price near zero, a doubling of demand could increase procurement prices by about $10.00-$20.00 per ton. Actual price changes with respect to change in demand may be non-linear. Shocks with broader geographic extent may increase price response due to a reduced opportunity for surrounding markets to mitigate localized market changes. 

https://info.ornl.gov/sites/publications/Files/Pub173525.pdf

Richard Schroeder

Papers

Six Sigma: The Breakthrough Management Strategy Revolutionizing the World's Top Corporations

Price response of waste resources under demand shocks: four case studies