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Beyond Grey Pinstripes

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Colorado State University

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Colorado State University 1270 Campus Delivery
Fort Collins, CO, 80523
United States
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Demographic Information

Number of full-time MBA students (2011): 

17

Number of part-time MBA students (2011): 

279

Total duration of full-time MBA program: 

18 months

MBA faculty (Fall 2010): 

92

Females as percent of student body: 

65%
Who Are the Students? See what percentage of the 2010-2011 graduating class came to this MBA program from the private sector, the non-profit sector and government jobs
 
Private Sector (40%)
 
Non-profit (35%)
 
Government (25%)


  • School Information
  • Courses
  • Outside the Classroom
  • Faculty Research

Description of MBA Program: 

Colorado State University’s College of Business has elaborated the following goals and directions to ensure that all that we do is consistent with our missions in teaching, research, and service. Public service is at the core of our mission, and is a key differentiator of America’s land-grant universities.


- The College of Business will continually design and deliver a business education that is rooted in a deep, global, social context.


- We acknowledge that the most pressing problem facing our world is global poverty. Many of the world’s most horrific ills –hunger, war, totalitarianism, terrorism, and environmental degradation - flow from that poverty. Therefore, we will teach and conduct research and outreach programs in sustainable and socially responsible business practices that lift people and communities out of poverty and into prosperity.


- We will construct our teaching programs with a global perspective to ensure our students are able to compete and succeed in a global economy.


- We will develop the entrepreneur in each of our students, empowering them to use their creativity and determination to transform new ideas into sustainable enterprise solutions to old problems.


- We will develop and support faculty members in sustainability, ensuring that they are able to succeed both as teachers and creators of new knowledge to serve our planet.


- The College of Business, through its missions of teaching, research and service, will work to create social justice and equal opportunity in business, education, healthcare, agriculture, housing, and sustainable living.


- We will give our students the knowledge they need to be successful, while maintaining and instilling our core values.


- We will be among the national and international leaders in developing and teaching sustainable business practices.


 


These goals led to the launch of our Global Social and Sustainable Enterprise MBA. Comprehensive in its design, the GSSE provides a foundation in business principles, empowering our unique students with the ability to apply themselves to the great social and environmental problems of our time. Each year, we bring together an entering class of 25 students from around the world, with a 50/50 split of U.S. and international students. Because of the international make-up of the GSSE student group and the diverse skill sets (e.g.: engineers, non-profit managers, economic development professionals, and many returned Peace Corps Volunteers), our students learn as much from each other as from our faculty.


 


In the GSSE MBA, each course is specifically designed to emphasize a social entrepreneurial approach, base of pyramid markets, and for-profit and non-profit sectors and solutions. Even core courses in traditional areas such as marketing, management, accounting and finance have been designed to meet demands faced by social entrepreneurs. Students also take cross- disciplinary courses, including a nine credit series in social entrepreneurship, and topical seminars in microfinance and ecological perspectives for business.


 


A critical component of the GSSE experience is the team-based sustainable venture which includes 8-12 weeks of summer field work, most often in developing countries. From their first semester through graduation, GSSE students work to develop enterprises that address real world problems. Some of the project ideas are brought into the program by students, while others come from opportunities identified by a range of partner organizations.


 


Four years after launching this program, the College of Business has been pleased to discover its appeal to leading sustainable enterprise groups such as MIT’s International Design for Development Summit (IDDS), Acumen, International Development Enterprises, ASHOKA, Endeavor, Unreasonable Institute, and a host of other thought leaders – now partners – in this emerging space.


 


Perhaps more surprising is the appeal that the development of the GSSE has had across the university. Because of the GSSE, the College of Business is now in substantive partnerships with our Institute for Built Environment, the Engines and Energy Conversion Laboratory, the Center for Collaborative Conservation, and the Center for Fair and Alternative Trade, just to name a few of our new collaborators. Colleges of Business are often viewed with a degree of suspicion if not scorn by other colleges, faculty, and students. In a world that badly needs enterprise solutions to a variety of deeply entrenched problems, the GSSE has served as a bridge to many students, professors, researchers and scientists who often have solutions in search of a business model.


 


While many GSSE graduates have continued to pursue entrepreneurial ventures begun in the program. In addition, the program’s coverage of the mainstream business community’s progress in adopting sustainable practices to drive innovation and increased shareholder value has created opportunities for graduates to begin new careers in consulting, construction, manufacturing, and other more conventional business sectors. As a relatively new program, we do not yet have sufficient data to quantify the effect of these students on their employers, but we will continually survey in order to determine real outcomes.



How does the MBA program 'walk the talk' of social and environmental impact?: 

Colorado State University’s Sustainability, Energy, and Environment Advisory Committee (SEEAC) has the important role of providing the President and Cabinet a variety of perspectives on sustainability, energy, and the environment from various parts of the campus community.  The committee advises the CSU’s President, Provost, and Executive Vice President, along with members of the President's Cabinet, on ways to integrate energy issues, environmental stewardship, sustainability principles, and community action into all campus operations.  Current initiatives include promoting alternative transportation, green building, installation of a bio-mass boiler, on-campus renewable energy options, greater local sourcing in our food and beverage operations, and retrofitting vending machines to conserve energy.  



CSU’s state-of-the-art investments in water conservation have led to installation of water-saver kits on autoclaves, using raw water for irrigation and converting walk-in refrigeration units to air-cooled compressors.  In addition to these campus-wide initiatives, the College of Business recently received LEED Gold certification on their new building, Rockwell West. The planned technology incubator at our Engines and Energy Conversion Laboratory is also planned as a LEED certified building.



CSU also has a Live Green Team that has worked on purchasing green power, improving the recycling program, and coordinating Earth Week activities. They also have organized a competition among departments to reduce electricity use. Nearly all computers purchased for the campus are Energy Star qualified and EPEAT certified, and 30 percent of office paper is made from recycled content. The campus has six photovoltaic systems, with two more under construction. To improve energy efficiency, the university has a cogeneration plant and has installed energy management systems, steam line insulation, vending machine sensors, and variable speed drives in nearly all buildings, among many other technologies. Real-time campus energy use is displayed online.



In 2010, CSU was awarded a $1.25 million grant by the Daniels Fund to help support programs in business ethics. The College of Business will use the grant to expand its coverage of accounting ethics with the new Financial Reporting Integrity Center as its cornerstone. The center will engage in a variety of activities that prepare students to work within the financial reporting system – those who prepare financial statements, audit financial statements, use financial accounting statements, and regulate the issuance, audit and use of financial information.


 



The academic content developed at CSU’s College of Business would be available to all institutions participating in this initiative. The goal of the Financial Reporting Integrity Center is to focus largely on developing a deep set of expertise and reputation in accounting ethics.

Academic Department

  • Entrepreneurship
    4 items
  • Accounting
    1 items
  • Environmental Management
    1 items
  • Quantitative Methods
    1 items
  • Business Law
    1 items
  • Public & Non-Profit Management
    1 items
  • CSR/Business Ethics
    1 items
  • International Management
    1 items
  • Production and Operations
    1 items
  • Marketing
    1 items
  • IT & Information Systems
    1 items
  • Organizational Behavior
    1 items
  • Finance
    1 items
Course Name: Accounting for Global Sustainable Enterprise
Instructor: Dr. Margarita Lenk

This course provides an introduction to accounting systems, financial reporting and budgeting for business and non-profit organizations around the world. Students develop a knowledge base of (a) the elements of and relationships within accounting information systems and the primary financial statements (balance sheet, income statement and statement of cash flows), and (b) the informational needs within a business for costing, pricing, budgeting, and investing, and (c) measuring financial performance in the context of the evolving sustainability imperative.

Students will research, summarize, and present the sustainability metrics and initiatives of leading public firms in an industry of their choice (as defined by 80% or more of the sales in that industry code). Students also apply sustainability metrics during their evaluation of GSSE enterprise opportunities, many of which are carried out in lesser developed countries. Opportunities are evaluated as investment and/or venture funding opportunities, with a view towards the potential for triple bottom-line results. Upon completion, GSSE students will be able to measure economic, environmental, and social performance of an enterprise.

Course Name: Business Decision Making
Instructor: Dr. Dan Ganster, Rick Turley

This is an introductory course covering basic statistical concepts and applications of decision methods in business. Topics include: data presentation and graphical representation; probability concepts and frequency distributions; discrete and continuous random variables; sampling distributions; parameter estimates, confidence intervals, hypothesis testing; and linear regression models. The course emphasizes understanding of the power of data-driven decision making in organizations and the basics of applied statistics in business contexts. Students will gain experience with available technology tools for data-driven decision making and to create business intelligence.

Students will gain an exposure to a spectrum of numerical techniques that support business decision making, and develop a capacity to turn data into information and tell a story. Students will use numerical techniques and concepts to make a persuasive business case, which can be applied to their global, social, and sustainable enterprise team projects. They will also interpret, demystify, and as necessary, debunk numerical reporting. Students will apply detailed demographic and market data analysis for their identified Base of the Pyramid markets in order to make informed business decisions.

Course Name: Community-Based Development
Instructor: David Bartecci

What is it about a project that makes it successful and sustainable? What structural, social, or even psychological barriers inhibit or prevent individuals and groups from getting involved and working together for change? In this training we focus on a model for how outside organizations or groups can fit into the overall process of community change, focusing on the relationship between local partner organizations, outsider support organizations, and communities. This training draws on the theories and methods of Brazilian educator Paulo Friere, whose work has guided some of the most successful development and education programs around the globe, including the Orangi Pilot Project in Bangladesh, The NAAM movement in Burkina Faso, and the Sarvodaya Shramadana Movement in Sri Lanka, among others.

Course Name: Development of Social Sustainable Enterprises
Instructor: Dr. Tom Dean

Global social and environmental trends represent pressing concerns for our future. Our present means of production and the satisfaction of human needs and wants are not sustainable in a system of limited resources. Entrepreneurs are powerful agents of social and economic change who, if properly harnessed, can drive our evolution to a sustainable economy and environment. Markets can be made to work for environmental and social sustainability, while entrepreneurship that captures economic value associated with environmental resources alleviates market failures and unsustainable systems.

This course builds upon MGT667 and consists of three learning threads: (a) Foundational theory of relationships between market failures, which cause both non-sustainable economic behavior and entrepreneurial opportunity. We will examine five classes of market failure, their relationship to environmental challenges, the manner in which they create opportunity, and the strategies firms have used to overcome/exploit them. (b) Economic drivers, industry structures, and competitive dynamics of sustainable business sectors. Specific venture strategies are being utilized to capture economic opportunities in four prevalent sectors; climate change, solar energy, wind power, and natural and organic foods. (c) The development, analysis, refinement, and defense of GSSE team business plans.

Course Name: Financial Management and Markets
Instructor: Dr. Sue Hine

This course provides students with an introduction to the fundamental ideas of financial management and markets, including but not limited to the concepts of financial statement analysis, risk and return, time value of money, security/firm valuation, capital budgeting analysis, and establishing working capital criteria. Emphasis will be placed on developing the skills necessary to apply these fundamental constructs toward solving business problems, with additional focus on student ventures in Base of Pyramid markets. Sound financial management is vital for the long-term survival of a business. This course is designed to provide you with an appreciation and understanding of the fundamental principles of finance and how they relate to business operations and strategies, including emerging market and developing world realities.

The course will also provide you with the tools for making financial decisions by covering several important topics in finance including but not limited to: Financial Statement Analysis; Time Value of Money; Risk and Return; Valuation; Capital Budgeting and Cost of Capital; Working Capital; and Spreadsheet Skills. Students are introduced to triple bottom line metrics (social and environmental impacts), particularly as they relate to capital budgeting.

Course Name: Global Change, Ecosystems and Sustainable Decisions
Instructor: Dr. Diana Wall

This class explores the challenges of global change by examining our dependence on ecosystem services. Knowledge of the connections between ecosystems and people is crucial for development of novel and profitable business approaches for global environmental sustainability. Through speakers, case studies, and global reports, the course examines examples of ecosystem-human use interactions that can have a diversity of effects which are local to global in scope. Issues considered include: how do we balance biodiversity conservation with business opportunities associated with conversion of land habitat; and, what are the tradeoffs when considering the multiple demands of water and energy use.

Course Name: Glocal Social and Sustainable Entrepreneurship
Instructor: Paul Hudnut

This foundational course provides an introduction to the global challenges of poverty, environmental degradation, and public health, exploring the role of innovation and entrepreneurship in private and public sector approaches. Students will identify and analyze global environmental and social challenges – e.g. The Millennium Development Goals - and evaluate them in the context of enterprise-based solutions. Students will identify, compare and contrast the various stakeholders and actors in international development, environmental policy and commercial ventures. They will discuss and debate the role and characteristics of entrepreneurs and social entrepreneurs in this network of stakeholders and within traditional international development approaches. They identify and analyze types of innovation and business models, in order to be able to integrate sustainable business practices into the design of entrepreneurial ventures.

GSSE students propose entrepreneurial approaches to global challenges that create value for an enterprise and society, and prepare an opportunity analysis for a sustainability-related venture. Exploration of the implications of strategic alternatives - via case studies and projects - enables students to evaluate opportunities based on business, environmental and social criteria, culminating in selection of their own GSSE ventures to be carried out during their MBA studies.

Course Name: Green Business Lab by Realia Group
Instructor: Dr. Margarita Lenk, Dr. Asad Aziz, Gary Svoboda

The Green Business Lab is a sophisticated business simulation where company teams are striving to deliver the greatest value possible for their customers while creating lasting value for their company. Each Cycle company team makes a physical product while they solve four business challenges facing their company. Each of the business challenges addresses an aspect of sustainable business. The company's triple-bottom-line is calculated and reported by Income Statements, Pollution and Energy Consumption Reports and Stakeholder Feedback including job creation and loss, working conditions, and transparency. All Lab challenges are based on real-company case examples from manufacturing and service industries. The exercise draws on conceptual frameworks from such thought leaders in sustainable business as: Stuart Hart and Mark Milstein's Sustainable Value Portfolio, Daniel Esty and Andrew Winston's Green to Gold Stakeholder framework, William McDonough's Cradle-to-Cradle life cycle concepts, Janine Benyus's Biomimicry Guild innovations, among many others.

Course Name: Information Technology and Project Management
Instructor: Rick Turley

This course emphasizes four major content areas: Strategic value of information technology; Fundamentals of computer information systems including understanding of key industry hardware and software technologies; Sustainable and appropriate products and technologies applicable to Global Social and Sustainable Enterprises; and Methodologies and tools for the project management of complex technology projects. Students will be able to understand and be capable of applying modern computer information systems concepts and technologies to representative business problems. Students will utilize systems thinking and Life Cycle Assessment (LCA) to evaluate the overall impact of solutions with regard to social and environmental concerns. They will be able to apply project management skills to simulated and real-world projects emphasizing the creation of a GSSE Enterprise Project Plan. Students will also demonstrate how to create “appropriate and sustainable” technology solutions emphasizing triple bottom line and emerging economy constraints, especially in the context of the digital divide. Students will also understand and be able to design and use databases for business intelligence. This course is intended to prepare students for completion of technology-based projects, and provides background and tools for preparing a comprehensive project plan using appropriate technologies in completion of the GSSE Enterprise Project.

Course Name: Legal and Ethical Environment of Business
Instructor: Joni Teter, Karen Barsch

What is the relationship between law and ethics? Is there a global “code of ethics” for sustainable enterprises? Do local custom, social mores, and ecological conditions demand ethical pragmatism when working in the Bottom of the Pyramid? How do “stewardship” and sustainability principles impact established systems of law and ethics – can business truly facilitate sustainable development? What legal pitfalls should you be wary of in your work as an entrepreneur? Can systems thinking help you navigate the maze of environmental liabilities in the globalized corporate world? Does sustainability imply that businesses should be self-regulated through voluntary regulation?

These are the kinds of questions we will be exploring in this course, while providing an overview of legal and regulatory issues impacting the creation and operation of sustainable enterprises. We will explore the strategic implications of corporate form as it affects the “triple bottom line” and the enterprise’s capabilities to act ethically and responsibly towards shareholders and local communities. We will discuss how government and market-driven responses to greenhouse gas emissions (regulations, reporting and “carbon value”) are driving businesses to embrace eco-effectiveness across the supply chain using tools like pollution prevention, life cycle analysis and environmental management systems (ISO 14001).

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Type of Offering

  • Extracurriculars
    7 items
  • Career Services
    1 items
  • Institutes and Centers
    2 items
  • Student Clubs
    1 items
Cans around the Oval
Type: Fund-raiser for local charity
Date: October, 2010

The event brings Colorado State University students, faculty, and staff together with the Fort Collins’ community to raise awareness, food, and money for the Larimer County Food Bank. The event is the county’s biggest single-day food drive. The College of Business has won the contest for most food donated for the past 8 years. This demonstrates our students' commitment to improving social challenges in this community.

Sustainable Enterprise Speaker Series
Date: April, 2010

This speaker series highlights successes and challenges of triple-bottom-line businesses, and how social enterprise is creating a paradigm shift in international development work. Past speakers have included David Griswold, owner of Sustainable Harvest Coffee Importers; Andrew Winston, author of Green to Gold and founder of Winston Eco-Strategies; and Paul Polak, founder of International Development Enterprises and author of Out of Poverty.

Leadership Month with the Honorable Colin L. Powell
Date: April, 2010

Sponsored exclusively by the College of Business, the Honorable Colin L. Powell addressed global leadership and diplomacy in the 21st century. He stressed the importance of developing good leadership skills to better tackle the nation's most pressing issues, including: economic growth, energy to sustain wealth creation, environmental responsibility, and the education of young people.

Net Impact Conference, 2020: Vision for a Sustainable Decade
Date: October, 2010

Colorado State University College of Business sponsored a booth at the Net Impact conference, and sent several students to represent the GSSE MBA Program. The conference was designed to "challenge attendees to envision their role in working towards a sustainable future... to bring into focus the business solutions that can lead to social and environmental transformation and pave the way towards a radically more sustainable 2020." (http://2010.netimpact.org)

TED Women: Reshaping the Future
Date: December, 2010

We streamed this two-day event live:

"Over the past several years, a flood of fascinating data from the worlds of education, microfinance and more has shown an essential link between investing in women and girls and economic growth, public health, political stability. A new lens reveals women as powerful change agents in developing nations; meanwhile, in the West, generations of educated women are forging new directions in the sciences, arts, business and beyond.

To track this emerging story, the first-ever TEDWomen will invite both women and men to explore in depth: Who are the women leading change? What ideas are they championing? How are women reshaping the future?

The cross-disciplinary, cross-generational program will focus on how women think and work, communicate and collaborate, learn and lead -- what this means and why it matters to all of us. Speakers from around the globe -- both men and women, from anthropologists to artists, scientists to soldiers, farmers to futurists -- will share their ideas in the classic TED format, creating a program that surprises and inspires." (http://conferences.ted.com/TEDWomen/program/)

Business with a Social Conscience, with Ambassador Tony Hall
Date: October, 2010

Ambassador Tony P. Hall was nominated three times for the Nobel Peace Prize and is a leading advocate for relieving hunger and improving human rights. His lecture addressed the roles and responsibilities of business managers as they consider issues, such as hunger, beyond traditional profit motives. The College of Business was a co-sponsor of this event.

Global, Social & Sustainable Enterprise Business Plan Competition
Type: Business Plan Competition
Date: May, 2010

Social enterprises from the GSSE program compete to win first, second, and third place cash prizes. The scoring matrix takes into account profitability, social impact, environmental impact, marketability, and scalability.

Career Services

Our career counselors are familiar with the GSSE MBA, and run a series of targeted workshops exclusive for GSSE students to introduce them to a variety of career resources available to them that offer social/environmental search features.

Center for the Advancement of Sustainable Enterprise
Business School Housing? Yes
Number of Faculty: 3
Contact Name: Kathryn Ernst
Contact Email: kat.ernst@business.colostate.edu

The Center for the Advancement of Sustainable Enterprise (CASE) stands at the intersections of the academy and industry, science and the marketplace, past and future. The practice of integrated sustainability has moved front and center in the world’s lea

Center for Marketing and Social Issues
Business School Housing? Yes
Contact Name: Kathleen Kelly
Contact Email: kathleen.kelly@colostate.edu

The Center for Marketing and Social Issues conducts transformative research and training and engages in service projects that address social issues through the application of marketing principles and techniques. The work at the center bridges the gap between business and social issues by demonstrating that commercial marketing techniques can be used to “unsell” harmful behaviors, such as substance use, by promoting positive behaviors and social norms to vulnerable populations. Research grants allow the center to study policy issues surrounding alcohol and tobacco advertising and to conduct randomized trials examining the interplay of media, health behavior and community factors. Training courses teach those involved in social issues to use social marketing and community readiness to improve the success of their programs.

NetImpact

Net Impact is an international nonprofit organization with a mission to inspire, educate, and equip individuals to use the power of business to create a more socially and environmentally sustainable world.

Spanning six continents, our membership makes up one of the most influential networks of professionals and students in existence today. Net Impact members are current and emerging leaders in CSR, social entrepreneurship, nonprofit management, international development, and environmental sustainability who are actively improving the world.

The GSSE Program manages the CSU Chapter.

A case for recognizing distinctions among constructs that capture interpersonal mistreatment in work organizations
Author(s): Christine A. Henle

Leading organizational behavior scholars have argued that construct proliferation threatens the interpretability of interpersonal mistreatment research and have argued that researchers should employ the same terminology to refer to constructs that have been studied under distinct labels (e.g., bullying, deviance, retaliation, abuse, undermining). We argue that most of the construct labels researchers regularly employ capture meaningful theoretical differences, although the corresponding measures often fail to capture the distinctive features of mistreatment constructs. We further argue that a more immediate threat to the interpretability of research in this area is that scholars have overlooked the distinctions among the individual forms of mistreatment that comprise extant operational definitions. We offer recommendations for addressing what we perceive to be the major limitations of current interpersonal mistreatment research.

Journal Title: Journal of Organizational Behavior Volume: Edition: n/a Page Numbers:
A Model for Energy Pricing with Stochastic Emission Costs
Author(s): Hong Miao

We use a supply-demand approach to value energy products exposed to emission cost uncertainty. We find closed form solutions for a number of popularly traded energy derivatives such as: forwards, European call options written on spot prices and European Call options written on forward contracts. Our modeling approach is to first construct noisy supply and demand processes and then equate them to find an equilibrium price. This approach is very general while still allowing for sensitivity analysis within a valuation setting. Our assumption is that, in the presence of emission costs, traditional supply growth will slow down causing output prices of energy products to become more costly over time. However, emission costs do not immediately cause output price appreciation, but instead expose individual projects, particularly those with high emission outputs, to much more extreme risks through the cost side of their profit stream. Our results have implications for hedging and pricing for producers operating in areas facing a stochastic emission cost environment.

Journal Title: Energy Economics Volume: 32 Edition: 4 Page Numbers: 838-847
A Moral Evaluation of Online Business Protest Tactics and Implications for Stakeholder Management
Author(s): Kelly Martin

Protests against objectionable business practices have moved to the online environment. In this article, we launch research on the morality of online business protest tactics. Our work is positioned within the stakeholder approach and specifically addresses the legitimacy of stakeholder influences. We argue that online business protest tactics are irresponsible and thus morally illegitimate if they violate property rights or are unjustifiably deceptive. We present a framework for stakeholder managers’ responsible responses to online business protests and business protesters responsible use of online protest tactics.

Journal Title: Business and Society Review Volume: 114 Edition: 1 Page Numbers: 59-83
A path model examining the relations among strategic performance measurement system characteristics, organizational justice, and extra- and in-role performance
Author(s): Christine A. Henle

Economic theory suggests that multiple financial and non-financial measures (i.e., a strategic performance measurement system “SPMS”) be used in compensation contracting to properly direct employees’ attention and motivate behavior aligned with organizational goals. Conversely, linking incentives to the SPMS can result in various dysfunctional behaviors, including game playing by employees, the achievement of unbalanced performance, and the potential of basing compensation on an incomplete performance measurement system. Prior literature has investigated the use of subjectivity in compensation contracting as a means of potentially mitigating these problems; however, subjectivity can introduce other problems including claims of favoritism and bias. Economic theorists have recently begun expanding the traditional agency model to include the notion of fairness or justice. In this study, we obtain data from an organization that uses an SPMS as the basis for the allocation of bonuses and investigate whether characteristics of the SPMS are associated with perceived organizational fairness. Specifically, we hypothesize and show that the extent to which employees perceive that the SPMS reflects a strategic causal model and the degree to which it is technically valid are positively associated with their perceptions of organizational justice. We also provide evidence that heightened levels of organizational justice are the mechanism though which the perceived characteristics of the SPMS are associated with employee performance. The implication is that firms do not necessarily need to introduce subjectivity into the incentive contracting system, but can enhance performance by linking incentive contracts to their SPMS if the system contains characteristics that enhance employees’ perceptions of justice.

Journal Title: Accounting Organizations and Society Volume: 34 Edition: Page Numbers: 205-321
Building Long-Term Orientation in Buyer-Supplier Relationships: The Moderating Role of Culture
Author(s): Kenneth Petersen; Joseph P. Cannon

This research investigates buyer–supplier relationships in international markets. Research and practice have shown that buyer–supplier relationships benefit when partners to the relationship exhibit a long-term orientation. The extant literature suggests that a buyer's trust of a supplier and the supplier's performance affect the buyer's long-term orientation toward the relationship. We propose that the relative effects of trust and performance on long-term orientation are moderated by culture – specifically the individualism/collectivism dimension. Hypotheses are tested on data from two individualist and two collectivist cultures, using responses from over 600 purchasing professionals in the United States, Anglophone Canada, Francophone Canada and Mexico. Taken together, empirical findings suggest that cultural differences warrant consideration in developing successful purchasing strategies.

Journal Title: Journal of Operations Management Volume: 28 Edition: 6 Page Numbers: 506-521
Corporate governance and liquidity
Author(s): John Elder

We investigate the empirical relation between corporate governance and stock market liquidity. We find that firms with better corporate governance have narrower spreads, higher market quality index, smaller price impact of trades, and lower probability of information-based trading. In addition, we show that changes in our liquidity measures are significantly related to changes in the governance index over time. These results suggest that firms may alleviate information-based trading and improve stock market liquidity by adopting corporate governance standards that mitigate informational asymmetries. Our results are remarkably robust to alternative model specifications, across exchanges, and different measures of liquidity.

Journal Title: Journal of Financial and Quantitative Analysis Volume: 45 Edition: 2 Page Numbers: 265-291
Escaping the green prison: Entrepreneurship and the creation of opportunities for sustainable development
Author(s): Thomas J Dean

While entrepreneurial activity has been an important force for social and ecological sustainability; its ef␣cacy is dependent upon the nature of market incentives. This limitation is sometimes explained by the metaphor of the prisoner's dilemma, which we term the green prison. In this prison, entrepreneurs are compelled to environmentally degrading behavior due to the divergence between individual rewards and collective goals for sustainable development. Entrepreneurs, however, can escape from the green prison by altering or creating the institutions—norms, property rights, and legislation—that establish the incentives of competitive games. We provide a variety of evidence of such entrepreneurial action and discuss its implications for theory and practice.

Journal Title: Journal of Business Venturing Volume: 25 Edition: 5 Page Numbers:
Ethical Beliefs and Information Asymmetries in Supplier Relationships
Author(s): Kelly Martin

Heightened ethical concerns involving upstream suppliers (e.g., Peanut Corp, dairy suppliers to Chinese infant formula manufacturers), have sparked interest in how managers’ knowledge of suppliers’ behavior influences decision making. This paper explores the role managers’ ethical beliefs play in these often information asymmetric decisions. Using economic experiments, managers made strategic marketing decisions given upstream supplier ethical information. The results show how information asymmetries can interact with managers’ ethical beliefs to produce inconsistent behaviors related to 1) upstream investment in ethical product attributes, and 2) willingness to leverage ethical product attributes in downstream markets. Specifically, low ethical beliefs managers appeared to rationalize leveraging ethics downstream even when upstream supplier past behavior was negative. High ethical beliefs managers invested positively in ethical product attributes with a known ethical supplier, but were less willing to leverage that behavior downstream. The findings inform on how managers’ individual ethical beliefs given upstream supplier information asymmetries can impact stakeholders including consumers, investors, and society at large.

Journal Title: Journal of Public Policy & Marketing Volume: 29 Edition: 2 Page Numbers: 277-279
Greening the Transportation in Your Supply Chain
Author(s): Susan L. Golicic

Current business strategies of increased responsiveness to customer needs and reduced costs through offshoring result in the need for faster and more frequent shipments over extended distances. This has an enormous negative impact on the environment. But are the top global companies addressing this impact, and if so, how? We examine the practices of a sample of the Fortune 500 and find that a small percentage is attempting to undertake initiativees to reduce the impact of their transportation in various ways. The initiatives follow a progression with many establishing a foundation for improved practices followed by implementing activities to reduce the company's footprint. The next level of progression is for these practices to spread to the supply chain. The final level is for firms to approach environmentally sustainable supply chain transportation strategically. We did not find any firms at this level in our study; however there are some that demonstrate the practices and commitment to make this a reality in the near future.

Journal Title: Sloan Management Review Volume: 51 Edition: 2 Page Numbers: 47-55
Organizational Change, Normative Control Deinstitutionalization, and Corruption
Author(s): Kelly Martin

Despite widespread attention to corruption and organizational change in the literature, to our knowledge, no research has attempted to understand the linkages between these two powerful organizational phenomena. Accordingly, we draw on major theories in ethics, sociology, and management to develop a theoretical framework for understanding how organizational change can sometimes generate corruption. We extend anomie theory and ethical climate theory to articulate the deinstitutionalization of the normative control system and argue that, through this deinstitutionalization, organizations have the potential to become incubators for corruption. We qualify this process by proposing conditions more ripe for anomie and under which this deinstitutionalization is more likely to occur, propounding moderating relationships that influence organizational reconfiguration. Examples of turbulence in the contemporary business environment that can trigger change highlight our discussion. We conclude with managerial implications, offering means by which the deleterious effects of corruption may be arrested or controlled.

Journal Title: Business Ethics Quarterly Volume: 19 Edition: 1 Page Numbers: 103-128
Searching for an Edge through Sustainability: A Qualitative Study in the New Zealand Wine Industry
Author(s): Susan L. Golicic

Purpose – Sustainability is becoming increasingly important in supply chains, particularly in those that function in highly competitive industries. The purpose of this paper is to understand more deeply the role sustainability plays within supply chains based on a qualitative study conducted in the New Zealand wine industry. Design/methodology/approach – This research followed a grounded theory methodology which used in-depth interviews with managers from wineries, retailers, and restaurants; observations of operations; and interpretation of field documents/artifacts. Findings – The findings show that managers within the New Zealand wine supply chains are trying to find ways to leverage sustainability-related competencies for competitive advantage in what is now a highly competitive industry. Within this context, the emergent theme of searching for advantage through sustainability involves: pursuing and leveraging sustainability; telling a story that involves sustainability; managing supply chain relationships around sustainability; and experimenting with sustainability initiatives. Research limitations/implications – The research is limited to the context and participants of the study. As a qualitative inquiry, findings are exploratory. The research implications, however, involve deeper studies into how wine industry firms in other nations and regions of the world are treating sustainability and searching for competitive advantages. Further validation of the models that emerge can be accomplished through future research, which would draw on aggregate data. Originality/value – The approach and context within which sustainability is explored is unique. By seeking deep insights from managers on the cutting edge of sustainability initiatives, we are able to get close to strategic thinking and explore the impact on distribution relationships.

Journal Title: International Journal for Physcial Distribution and Logistics Management Volume: 39 Edition: 10 Page Numbers: 841-860
Searching for the Sustainability Sweet Spot
Author(s): Stanley Slater

Corporations and their leaders are coming under increasing pressure to achieve "sustainability." Sustainable enterprises minimize harmful environmental impacts, are socially responsible, and create shareholder value. The challenge to achieving sustainability is that environmental and social responsibility initiatives often have substantial costs associated with them. Thus, many business leaders subscribe to Milton Friedman's dictum that the only social responsibility of business is to increase profits in free and open markets without fraud or deception. And, there is little evidence that environmental and social responsibility is beneficial for shareholders. We review the evidence for and against commitment to environmental and social responsibility, and report the results of a study which shows that, on average, responsible businesses outperform their closest competitors. We conclude by offering suggestions for how businesses can hit the "sustainability sweet spot."

Journal Title: Journal of Business Strategy Volume: 31 Edition: 3 Page Numbers: 5-11
Stealing time at work: Attitudes, social pressure, and perceived control as predictors of time theft
Author(s): Christine A. Henle

Organizations have long struggled to find ways to reduce the occurrence of unethical behaviors by employees. Unfortunately, time theft, a common and costly form of ethical misconduct at work, has been understudied by ethics researchers. In order to remedy this gap in the literature, we used the theory of planned behavior (TPB) to investigate the antecedents of time theft, which includes behaviors such as arriving later to or leaving earlier from work than scheduled, taking additional or longer breaks than is acceptable, and on-the-job daydreaming. We surveyed 135 employed undergraduate business students regarding the TPB variables at Time 1. Two months later, participants reported the frequency they engaged in time theft since Time 1. Results indicate that behavioral, normative, and control beliefs significantly predicted attitudes, subjective norms, and perceived behavioral control, respectively. Attitudes, subjective norms, and perceived behavioral control, in turn, were significantly related to time theft intentions, which predicted later enactment of time theft. Thus, employers can decrease time theft by primarily focusing on altering employees’ attitudes toward time theft, followed by reducing social pressures to engage in it, and lastly, by implementing organizational practices that make it difficult to commit time theft.

Journal Title: Journal of Business Ethics Volume: 94 Edition: 1 Page Numbers: 53-67
Strategic Risk-Taking Propensity: The Role of Ethical Climate and Marketing Output Control
Author(s): Kelly Martin

In the wake of the current financial crises triggered by risky mortgage-backed securities, the question of ethics and risk-taking is once again at the front and centre for both practitioners and academics. Although risk-taking is considered an integral part of strategic decision-making, sometimes firms could be propelled to take risks driven by reasons other than calculated strategic choices. The authors argue that a firm’s risk-taking propensity is impacted by its ethical climate (egoistic or benevolent) and its emphasis on output control to manage its marketing function. The firm’s long-term orientation is argued to moderate the control-risk propensity relationship. The authors also extend research on risk and performance and argue that the association of risk-taking propensity and firm performance is contingent on the ownership (publicly traded vs. privately held) structure of the firm. Based on survey data from a sample of manufacturing industries in the United States, the results show significant impact of ethical climate and marketing output control on a firm’s risk-taking propensity; also risk-taking propensity shows a stronger association with firm performance in privately-held firms than in publicly-traded firms.

Journal Title: Journal of Business Ethics Volume: 90 Edition: 4 Page Numbers: 593-606
The Power of Theme and Language in Multi-Cultural Communities: Which Tobacco Prevention Messages Are Most Persuasive to Mexican-American Youth?
Author(s): Kathleen Kelly

This article reports on an experiment conducted that tested anti-tobacco advertising strategies aimed at a bicultural Mexican-American youth audience. The direct effects of three advertising themes (negative health consequences, social norms against smoking, and tobacco industry manipulation) and three language executions (English, Spanish, and “Spanglish”) on adolescent Hispanics’ evaluations of the advertisements were examined using a multilevel modeling approach. Additionally, participant-level measures for acculturation and tobacco-related attitudes and behaviors as potential moderators were included. Although all the tested advertisements were viewed favorably, results suggest that a negative health theme may be most effective in a community-wide campaign because it evokes the least amount of counter-arguing among smokers while, at the same time, eliciting positive evaluations from nonsmokers. Results also support the use of either Spanglish or English in the design of anti-tobacco advertising aimed at Mexican-American youths. The study contributes to practical knowledge by examining these factors in stimuli with a high level of ecological validity.

Journal Title: Journal of Advertising Research Volume: 50 Edition: 3 Page Numbers: 265-278
Toward a 'Theoretical Toolbox' for Sustainability Research in Marketing
Author(s): Stanley Slater

This paper provides a foundation for future marketing research on sustainability through the application of nine prominent organizational theories. Specifically, we consider the implications for sustainability offered by transaction cost economics, agency theory, institutional theory, population ecology, resource dependence theory, the resource-based view of the firm, upper echelons theory, social network theory, and signaling theory. We consider how each theory can help researchers to better understand the ways that firms engage in sustainable marketing and business practices, and we develop insights that emerge from simultaneous examination of complementary or competing theoretical perspectives.

Journal Title: Journal of the Academy of Marketing Science Volume: Edition: Page Numbers: In Press
Toward a Theory of Status Consumption in Less Industrialized Countries
Author(s): Tuba Ustuner

In this paper we uncover how status consumption operates amongst the middle classes in less industrialized countries (LICs). We believe this is particularly consequential today given the rapid emergence of a “new consumer” class in these countries-estimated at over 1.2 billion people, bigger than the West already, and expanding much more rapidly (Myers and Kent 2004). This emergent global class has discretionary purchasing power approaching Western levels and so they are able to pursue a consumption-focused lifestyle. These new consumers pose a crucial challenge in the global struggle to manage climate change. To the extent that they identify with and seek to emulate the carbon-intensive Western lifestyle, the challenge of addressing global warming becomes that much harder. Globalization research suggests that Bourdieu’s status consumption model, based upon Western research, does not provide an adequate explanation for status consumption in these countries. And what we call the global trickle-down model, often invoked to explain LIC status consumption, is even more imprecise. We study the status consumption strategies of upper-middle class Turkish women in order to revise thereof Bourdieu’s most important concepts –cultural capital, habitus, and consumption field- to propose a theory specific to the LIC context. We demonstrate that cultural capital is organized around orthodox practice of the Western Lifestyle myth, that cultural capital is deterriotalized and so accrues through distant textbook-like learning rather than via the habitus, and that the class fraction with lower cultural capital indigenizes the consumption field to sustain a national social hierarchy.

Journal Title: Journal of Consumer Research Volume: 37 Edition: 1 Page Numbers: 37-56
When Interpersonal Differences Exist: An Analysis of Service Failure and Recovery Among Diverse Participants
Author(s): K. Douglas Hoffman

This study contributes to the existing literature on service failure and recovery by examining the influences of demographic differences (age, gender, ethnicity) between service providers and customers when service failures occur. Results from the main study provide little objective support to the notion that different service failure types or service recovery efforts are being applied when demographic differences exist. However, a post-hoc analysis focusing on respondents who felt that their demographic differences had impacted their encounter revealed that ethnic differences impacted service failure and recovery perceptions the most. Managerial implications regarding managing customer perceptions are presented and discussed.

Journal Title: Journal of Services Marketing Volume: 24 Edition: 2 Page Numbers: 128-141
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