"Real Options in Multinational Decision-Making: Managerial Awareness and Risk Implications",
Driouchi T and Bennett D J, Journal of World Business, Vol 46, No 2, 2011. This
paper is an empirical contribution to the theory of real options in the area of multinational business. It addresses the theme
of real options decision-making in multinational corporations (MNCs) and stresses the role of real options attention and managerial
learning in company performance. Using a global sample of 278 large multinational corporations with categorised degrees of
managerial real options awareness, we examine the risk implications of switching options in multinational operations, and
explore the extent to which the real options logic can be classified as “best practice” in decision-making and
risk management. Our statistical results reveal that firms which have shown a high managerial awareness about their real options
are, as predicted by the theory, able to reduce their downside risk through multinationality, organisational slack and other
firm characteristics. This finding does not apply fully to firms without evidence of such an awareness. Also, although real
options awareness does not systematically guarantee lower downside risk from operations, supplementary results indicate that
firms with evidence of significant investment in the acquisition of real options knowledge tend to outperform competitors
that are unaware of their real options. This suggests that if real options are explored and exploited appropriately, real
options decision-making can result into superior performance for multinational organisations in the long-term.
“Green Operations Initiatives
in the Automotive Industry: An Environmental Reports Analysis and Benchmarking Study” Nunes B T S and Bennett D J, Benchmarking:
An International Journal, Vol 17, No 3, 2010. This paper focuses on investigating and benchmarking green operations initiatives
in the automotive industry documented in the environmental reports of selected companies. The investigation roadmaps the main
environmental initiatives taken by the world’s three major car manufacturers and benchmarks them against each other.
The categorisation of green operations initiatives provided in the paper can also help companies in other sectors to evaluate
their green practices. The first part of the paper is based on existing literature on the topic of green and sustainable operations
and the “unsustainable” context of automotive production. The second part relates to the roadmap and benchmarking
of green operations initiatives based on an analysis of secondary data from the automotive industry. The findings show that
the world’s three major car manufacturers are pursing various environmental initiatives involving the following Green
Operations Practices: green buildings, ecodesign, green supply chains, green manufacturing, reverse logistics and innovation.
The limitations of this paper start from its selection of the companies, which was made using production volume and country
of origin as the principal criteria. There is ample evidence that other, smaller, companies are pursuing more sophisticated
and original environmental initiatives. Also, there might be a gap between what companies say they do in their environmental
reports and what they actually do. This paper helps practitioners in the automotive industry to benchmarking themselves against
the major volume manufacturers in three different continents. Practitioners from other industries will also find it valuable
to discover how the automotive industry is pursuing environmental initiatives beyond manufacturing, apart from the Green Operations
Practices, covering broadly all the activities of the operations function. The originality of the paper is in its up-to-date
analysis of environmental reports of automotive companies. There is value for researchers and practitioners due to its contribution
to the green operations literature. For instance, the inclusion of green buildings as part of Green Operations Practices has
so far been neglected by most researchers and authors in the field of green and sustainable operations.
“Managing Enterprise Resource Planning Projects”,
Dey P K, Clegg B T and Bennett D J, Business Process Management Journal, Vol 16, No 2, 2010.
The main objective
of this paper is to help managers to successfully
plan, implement and operate enterprise resource planning (ERP) projects using a risk management framework. The study adopts
a combined literature review and case study method. Using the literature review the study first identifies major issues
of managing ERP projects and develops a risk management framework for managing those issues. The proposed risk management framework is then applied to an ERP implementation project
of a UK-based energy services group and its effectiveness for managing ERP projects implementation has been demonstrated.
Additionally, the risk factors as identified from the case application are compared with the risk factors from the previous
researches so as to suggest mitigating measures. All the risk factors are categorized into planning, implementation and operations
phases along with project processes, organizational transformation and information technology perspectives. The project implementation
phase is the most vulnerable to failure. The case study results reveal that the effect of other projects on on-going ERP project,
management of overall IT architecture and non-availability of resources for organizational transformation were most critical
from likelihood and impact perspectives. Managing risk across various phases of project and equal emphasis on effective project
management, organizational transformation and information technology adoption are the key to success in ERP implementation.
The risk factors, which were identified using literature review and the case study, have great significance
because mitigating measures for those risks can result in successful implementation of ERP projects in industry. Additionally,
the proposed risk management framework could be customized for implementation of ERP projects elsewhere. ERP projects are
risky as they are capital intensive, technically complex and call for organizational transformation. There are both success
and failure stories. However, both researchers and practitioners agree that if they can be implemented and operated successfully
then benefits should be achievable. Although there are many studies on ERP implementation, little has been discussed on managing
risks of ERP projects. Therefore, this study bridges that gap.
"A Path Dependent Contingent-Claims Approach
to Capacity Investments", Driouchi T, Bennett D J and Simpson G, European Journal of Operational Research, Vol 201, No
1, 2010. This note presents a contingent-claims approach to strategic capacity planning. We develop models for capacity choice
and expansion decisions in a single firm environment where investment is irreversible and demand is uncertain. These models
illustrate specifically the relevance of path-dependent options analysis to planning capacity investments when the firm adopts
demand tracking or average capacity strategies. It is argued that Asian/average type real options can explain hysteresis phenomena
in addition to providing superior control of assets in place.
"The
Contribution of Modularity to Green Operations Practices", Nunes B T S and Bennett D J, Brazilian Journal of Operations and Production Management, Vol 5, No 2, 2008. This paper discusses the
possible contributions from modularity and industrial condominiums towards enhancing environmental performance in the automotive
industry. The research described in this study is underpinned by a review of journal articles and books on the topics of:
modularity of production systems; green operations practices, and the automotive industry and sustainability. The methodology
is based on theoretical analysis of the contribution of the modular production system characteristics used in the automotive
industry for Green Operations Practices (GOP). The following GOPs were considered: green buildings, eco design, green supply
chains, greener manufacturing, and reverse logistics. The results are theoretical in nature; however, due to the small number
of studies that investigate the relationship between modularity and sustainability, this work is relevant to increase knowledge
in academic circles and among practitioners in order to understand the possible environmental benefits from modular production
systems. For instance, based upon our analysis, we could deduce that the existing modular production systems in the automotive
industry may contribute in different ways to the implementation of GOPs. In all types of modularity, product simplification
through the use of modules can enhance environmental performance and facilitate further activities such as maintenance and
repair contributing to a longer life of cars on the road. Moreover, modules will make automobiles easier to disassembly, so
increasing the chances of reuse of valuable components and a better final disposal of scrap. Regarding the potential benefits
of each type of modularity, it is expected that modular consortia will have a better integration of environmental practices
with suppliers and seize on high efficiency during manufacturing and logistics compared with conventional production systems.
"Is
China's Manufacturing Sector Becoming More High-Tech? Evidence on Shifts in Comparative Advantage, 1987 - 2005", Vaidya
K G, Bennett D J and Liu X, Journal of Manufacturing Technology Management, Vol 18, No 8, 2007. This paper assesses the extent
to which China's comparative advantage in manufacturing has shifted towards higher-tech sectors between 1987 and 2005 and
proposes possible explanations for the shift. Revealed comparative advantage (RCA) indices for 27 product groups, representing
high, medium and low-tech sectors have been calculated. Examination of international market attractiveness complements the
RCA analysis. Findings for selected sectors are evaluated in the context of other evidence. While China maintains its competitiveness
in low-tech labour-intensive products, it has gained RCA in selected medium-tech sectors (e.g. office machines and electric
machinery) and the high-tech telecommunications and automatic data processing equipment sectors. Evidence from firm and sector
specific studies suggests that improved comparative advantage in medium and high-tech sectors is based on capabilities developing
through combining international technology transfer and learning.
"Success Strategies in the Chinese Chemical
Industry: A Survey and Case Study Investigations", Cheng J and Bennett D J, Journal of Chinese Economic and Business
Studies, Vol 5, No 2, 2007. The chemical industry in China is facing fierce competition and exposure to market forces as a
result of changes in the country's economic policy. The Chinese government has applied administrative actions rather than
simply relying on market forces to address the changing dynamics. It has attempted to privatise state-owned chemical enterprises
(SOCEs) by corporatisation, coupled with industrial restructuring by merging individual state-owned enterprises into groups.
Based on a quantitative survey in combination with case studies of two Chinese chemical enterprises this paper concludes that
in this industry building competences is more effective than privatisation and restructuring to improve performance.
"Development and Application of an Electronic-Manufacturing Selection Framework for SMEs", Tan B L and Bennett
D J, International Journal of Innovation and Technology Management, Vol 4, No 3, 2007. With a wide diversity of available
technologies, it is extremely problematic for SMEs to identify, plan, prioritise and use the correct strategy. Electronic-manufacturing
has been evolving for some time, but currently an effective planning framework to assist managers with implementing electronic-manufacturing
planning is still lacking. A framework, built around three elements: the Balanced Scorecard, Quality Function Deployment and
Value Chain Analysis, is proposed here to assist SMEs in managing complexity in e-manufacturing planning. A case study, carried
out in Singapore, demonstrates the practicality and utility of the framework in the context of a real business environment.
"University to Business Technology Transfer - UK and USA Comparisons", Decter M, Bennett D J and Leseure
M, Technovation, Vol 27, No 3, 2007. University to business technology transfer offers specific challenges, beyond those encountered
in industry more widely. This paper examines the issues in university to business technology transfer in the UK and USA and
presents the results of a survey of UK and US university technology transfer officers. Findings indicate significant differences
in the motivations of universities in each country to transfer technology, the consistency of university technology transfer
policies and the accessibility of university technologies to business. The study also looks at perceived barriers
to university to business technology transfer and offers suggestions for possible improvements to the process.
"Enhancing Performance Through the Introduction of Customer
Orientation into the Building Components Industry", Karvinen K and Bennett D J, International Journal of Productivity
and Performance Management, Vol 55, No 5, 2006. This paper describes an investigation into how company performance can be
improved by integrating internal and external customers and technology. The approach was developed, implemented and evaluated
in the operations of the building components industry. The research was carried out in the precast concrete
division of a Singapore company. For the purpose of undertaking the investigation an exploratory case study approach was used.
This was divided into conceptual and action research stages. The action research
was also used to implement the changes in the company. Questionnaire surveys were carried
out among company employees and external customers to assess the effect of these changes. Results
of the investigation were derived using content and statistical analysis. Triangulation between
three sources was used for validating the data. The exploratory case study strategy resulted in rich research data, which
provided evidence of the changes taking place and integration happening, leading to improved performance.
The action research approach proved a powerful tool where the uncertainty of outcomes makes it near impossible
to make accurate forecasts. Another output of the research was the development of an
"Integrated Customer Orientation" (ICO) model. The research made contributions
to a number of areas of production and marketing as well as productivity improvement and organisational
development. It also fulfilled the dual objectives of action research by contributing
to knowledge and practice.
"Strategies for Performance Improvement in the Chinese Chemical Industry: Evidence
from Case Study Investigations", Cheng J and Bennett D J, Journal of Technology Management in China, Vol 1, No 2, 2006.
The Chinese chemical industry is facing fierce competition and exposure to market forces due to changes in the country's economic
policy. To address the changing market dynamics the Chinese Government has applied direct administrative actions rather than
simply relying on the market. It has attempted to privatise government-owned enterprises using corporatisation, coupled with
industrial restructuring, by merging individual state-owned enterprises into groups. This paper uses case
studies of two Chinese chemical enterprises to explore the proposition that building competences is more effective than privatisation
and restructuring to improve performance. The case research was complemented by a survey in the Chinese chemical industry,
the results of which have been reported elsewhere.
"Meeting Technology Needs of Enterprises for National Competitiveness",
Bennett D J and Vaidya K G, International Journal of Technology Management, Vol 32, No 1/2, 2005. This paper addresses the
question of how enterprises can improve their competitiveness through the acquisition and development of technology, and hence
how countries are able to raise the level of industrial development and grow their GDP. It takes
the example of East Asia to demonstrate how fast economic growth can be achieved through the "stages" approach to
technology acquisition and development. It also provides some case studies of technology transfer to China as a means of illustrating
how successful transfer can be achieved and the problems that can be encountered. Finally, some comparisons are made with,
and among, the Arab countries and an attempt is made to draw some lessons for the development of the Arab world from experiences
gained elsewhere.
"A Virtual Learning Environment for Operations
Management: Assessing the student's perspective", Greasley A, Bennett D J and Greasley
K, International Journal of Operations and Production Management, Vol 24, No 10, 2004. This
paper describes a project aimed at assessing the experience of a virtual learning environment (VLE) among students studying
courses in Operations Management. The project was supported by the Higher Education Funding Council for England (HEFCE) under
its Teaching Quality Enhancement Fund (TQEF). The main aim of the project was through the use of a questionnaire to establish
the student experience of using a VLE through an examination of the learning and technical features which they encountered.
The study also examines the approaches to learning adopted by the students, through the inclusion of a shortened version of
the Approaches and Study Skills Inventory for Students (ASSIST) which the students were asked to complete.
"An
Empirical Study of the Imperatives for a Supply Chain Implementation Project in Seagate Technology",
Bay B K, Tang N K H and Bennett D J, Supply Chain Management: An International Journal, Vol
9, No 4, 2004. Singapore's electronics manufacturers are facing many questions today. For example, in the computer hard-drive
industry, where the problem of obsolescence is common and where a product's life cycle may be only six months, manufacturers
are anxious to know what will be the next order winning criteria. Since low labour costs are no longer a key factor many organisations
are developing their core competencies in Research and Development, Sales and Marketing, Logistics and Supply Chain Management
(SCM) in order to maintain competitiveness. This paper illustrates how Seagate has envisaged a new climate of cooperation
and collaboration to better serve its customers in the areas of technology, cost and delivery. The paper is based on observations
and findings following a longitudinal case study approach with specific participation at the Seagate Storage Product Group
(SPG) in Singapore. The seven-stage implementation framework adopted by Seagate in their SCM project will be discussed together
with the process of how Seagate has created a paradigm shift towards a new culture that moves Seagate away from a functional
internal environment towards a teamwork-based collaborative culture as a result of this project.
"International
Technology Transfer: Perceptions and Reality of Quality and Reliability", Bennett D J and Zhao H, Journal of Manufacturing
Technology Management, Vol 15, No 5, 2004. Impressions about product quality and reliability can depend as much on perceptions
about brands and country of origin as on data regarding performance and failure. This has implications for companies in developing
countries that need to compete with importers. For manufacturers in industrialised countries it has implications for the value
of transferred technologies. This article considers the issue of quality and reliability when technology is transferred between
countries with different levels of development. It is based on UK and Chinese company case studies and questionnaire surveys
undertaken among three company groups: UK manufacturers; Chinese manufacturers; Chinese users. Results show that all three
groups recognise quality and reliability as important and support the premise that foreign technology based machines made
in China carry a price premium over Chinese machines based on local technology. Closer examination reveals a number of important
differences concerning the perceptions and reality of quality and reliability between the groups.
"Managerial
Perceptions of Factors Influencing Technology Management in South Africa", Hipkin I and Bennett D J, Technovation, Vol
23, No 9, 2003. A challenge for developing countries is to become part of the global economy. Their economic well being is
dependent on their ability to attain the levels of technological development which could make them globally competitive. Infrastructural
and educational problems pose immediate barriers which should be addressed as these countries embark on projects to enhance
their technological base. The technology selected should be appropriate for the country's level of development and expertise.
The implementation of that technology will place a new set of demands on managers and workers. This paper describes an investigation
of perceptions of technology management in South Africa, a country which is developed in certain areas, but which remains
desperately poor in other respects. South Africa's politics and history have always confronted managers with unique demands.
The paper examines the perceptions of 132 South African managers regarding technology management by studying the relationship
between the importance of different factors in managing new technology, and the extent to which a manager can control them.
An importance-control grid framework is used to isolate individual parameters and to assess these in relation to the complexity
of a manager's environment. The research highlights imbalances between importance and control, and suggests reasons therefor.
Some broader implications for managers are also discussed.
"Agile or Adaptable? Finding a Paradigm for an
Uncertain World", Bennett D J, International Journal of Agile Manufacturing, Vol 6, No 2, 2003. This paper looks at the
way in which, over recent years, paradigms for manufacturing management have evolved as a result of changing economic and
environmental circumstances. The lean production concept, devised during the 1980s, proved robust
only until the end of the bubble economy in Japan caused firms to re-examine the underlying principles of the lean production
paradigm and redesign their production systems to suit the changing circumstances they were facing. Since that time a plethora
of new concepts have emerged, most of which have been based on improving the way that firms are able to respond to the uncertainties
of the new environment in which they have found themselves operating. The main question today is whether firms should be agile
or adaptable. Both concepts imply a measure of responsiveness, but recent changes in the nature of the uncertainties have
heightened the debate about what strategies should be adopted in the future.
"UNIDO and the World Summit on Sustainable Development: Innovative
Technology Transfer Framework Linked to Trade for UNIDO Action", Bennett D J and Vaidya K G, United Nations Industrial
Development Organization, Vienna, Austria, 2002. This paper is an input into the UNIDO initiative on "Technology Transfer:
Assessing Needs - Promoting Action" to be launched at the 2002 World Summit on Sustainable Development (WSSD) where technology
transfer from industrialised to developing countries is likely to emerge as an important issue. The terms of reference for
the paper are to (a) summarise the current understanding on the process of technology transfer and its contribution to adaptation
and innovation, (b) identify linkages between technology transfer and trade, taking account of Trade Related Intellectual
Property Rights (TRIPs), (c) assess the UNIDO technology transfer operations in general, and (d) based on the above research,
prepare a "Technology Transfer Framework Linked to Trade for UNIDO Action".
"Transfer of Technology
to China: A Scandinavian and European Perspective", Bruun P and Bennett D J, European Management Journal, Vol 20, No
1, 2002. This paper examines the question of technology transfer from the perspective of techno-economic security and how
companies respond to the possibility of losing competitive advantage through misappropriation or leakage. It explores transfers
from Europe to China and addresses in particular the operations of Scandinavian companies within the context of the general
picture for other European firms. Its point of departure is the authors' earlier research that looked at the motivations for
transfer and the awareness of companies of techno-economic security issues. This has been supplemented by new data gathered
by the authors from a number of Scandinavian companies in China. Specific actions have been identified and the ownership issue
is introduced together with consideration of the role of the companies against the `Ferdows' model. The analysis shows that
the nature of the security question has changed together with the evolving context in which the companies are operating. In
turn, the response of companies is contingent on a number of factors including the time horizon of the strategy for a unit
in China and thenature of the strategy. It is also influenced by the form of ownership and management style in a particular
organisation.
"Impacts and Relationships Between Three Evolving Disciplines", Drejer A, Bennett D J and
Sohal A, International Journal of Technology Management, Vol 23, No 1/2/3, 2002. This paper is concerned with three evolving
disciplines, namely Management of Technology (MoT), Operations Management (OM) and Supply Chain Management (SCM). These three
disciplines have emerged at different times, SCM being the most recent, although they also seem to be concerned, at least
in some part, with the same managerial problem areas. Based on this underlying assumption, the paper lays the ground for this
special issue of the International Journal of Technology Management, which is devised to provide a platform for discussion
concerning the impacts, relationships and possible synergies between the three disciplines that very much seem to be driving
the attention of a lot of recent management thinking.
"International Technology Transfer and Collaborative
New Product Development: Evidence and a Case from the Machine Tool Industry", Bennett D J, Vaidya K G, Zhao H and Brittan
S, International Journal of Technology Transfer and Commercialisation, Vol. 1, No. 1/2, 2001. In recent years it has become
increasingly common for companies to improve their competitiveness and find new markets by extending their operations through
international new product development collaborations involving technology transfer. Technology development, cost reduction
and market penetration are seen as the foci in such collaborative operations with the aim being to improve the competitive
position of both partners. In this paper the case of technology transfer through collaborative new product development in
the machine tool sector is used to provide a typical example of such partnerships. The paper outlines the links between the
operational aspects of collaborations and their strategic objectives. It is based on empirical
data collected from the machine tool industries in the UK and China. The evidence includes longitudinal case studies
and questionnaire surveys of machine tool manufacturers in both countries. The specific case of BSA Tools
Ltd and its Chinese partner the Changcheng Machine Tool Works is used to provide an in depth example of the operational development
of a successful collaboration. The paper concludes that a phased co-ordination of commercial, technical
and strategic interactions between the two partners is essential for such collaborations to work.
"Benchmarking
for Information Systems Management Using Issues Framework Studies: Content and Methodology", Shi N S and Bennett D J,
Benchmarking: An International Journal, Vol 8, No 5, 2001. As a means of benchmarking their position and assisting with anticipating
an uncertain future, the identification of critical information systems (IS) management issues frameworks is becoming an increasingly
important research task for both academics and industrialists. This paper provides a description and summary of previous work
on identifying IS issues frameworks by reviewing twenty research investigations in terms of what they studied and how they
were conducted. It also suggests some possible directions and methodologies for future research. The summary and suggestions
for further work are applicable for issues framework research in the IS management field as well as in other business and
management areas.
"Technology Transfer to China: A Study of Strategy in 20 EU Industrial Companies",
Bennett D J, Liu X, Parker D, Steward F and Vaidya K G, International Journal of Technology Management, Vol. 21, No. 1/2,
2001. Foreign direct investment has been important in China's economic development since the early 1980s. In recent years
the volume of inward FDI into China, according to some estimates, has been second only to that into the United States. The
Chinese government has emphasised the need for FDI to be coupled with the transfer of more advanced technologies to China.
For foreign companies technology transfer raises the risk of losing their technology based competitive advantage to potential
competitor firms. This risk may be exacerbated by insufficient legal protection of intellectual property rights in China.
After briefly reviewing the development of Chinese official policy on technology transfer, this paper considers the strategy
adopted by EU companies regarding the transfer of technology; in particular in advanced technology sectors. The research on
which the paper is based included an analysis of information gathered from 20 leading EU companies with investments in China
and operating in high-technology sectors. Information was gathered from senior company managers based in both China and Europe
during the second half of 1998. The main findings include a measure of reluctance on the part of EU companies to transfer
their core technologies to China and to base R and D capability there. At the same time, the companies appear aware that this
policy may be unsustainable in the longer-term in the face of Chinese official policy and a desire to expand their operations
in China. While they attempt to protect their existing technological knowledge, most of them accept that there will be technology
'leakage' and therefore the most effective strategy is to maintain their technological lead through R and D.
"Information Systems
Management Positions - A Market Perspective", Shi N S and Bennett D J, Work Study, Vol. 49, No. 7, 2000. Information
systems (IS) managers have become key senior executives for organising the IT resources for delivering support to businesses.
Understanding characteristics of IS managers' employment positions is hence an increasingly important topic in computer personnel
research. An investigation in Singapore that included a job advertisement analysis, surveys and case studies was thus conducted
to investigate such aspects. This article presents the findings of the job advertisement analysis concerning what kinds of
IS managers the market is seeking and what are the basic conditions for such management positions. The literature in this
area asserts that job advertisements represent firms' wishes and the nature of the conditions required of different IS personnel.
The results of this analysis therefore reflect a collective market perspective about the changing IS managerial workplace.
The results of the analysis benefit both firms and IS employees in formulating personnel development plans and actions, and
raise issues for further research.
"Technological and Organisational Change in Small Manufacturing Companies:
A Learning Organisation Perspective", Oakes I, Lee G L and Bennett D J, International Journal of Operations and
Production Management, Vol. 20, No. 5, 2000. This paper focuses on the experiences of three UK automotive component suppliers,
which are all experiencing pressures for change driven by the major vehicle manufacturers. The main changes are concerned
with tiering of the supply chain and substantial delegation of responsibilities down the supply chain including an increasing
emphasis on innovation and continuous improvement. The pilot study presented in the paper is part of a research project
into the impact of changes in supply chain relationships on the operation of small manufacturing firms in the West Midlands
region of the United Kingdom. The companies are responding to change by becoming more innovative and are exhibiting
many of the attributes of the theoretical 'Learning Organisation'. The paper provides an insight into the ways in which some
of the common characteristics of a Learning Organisation have been adopted by the case companies and discusses the extent
to which the Learning Organisation experience has enabled the companies to facilitate technological and organisational change
in their quest for enhanced competitiveness.
"Valuing Transferred Machine Tool Technology: Relating Value
to Product Attributes and Preferences of Acquirers", Bennett D J, Vaidya K G and Zhao H, International Journal of Operations
and Production Management, Vol 19, Nos 5/6, 1999. The value of technology and the appropriate form of transfer arrangement
are important questions to be resolved when transferring technology between Western manufacturing firms and partners in industrialising
and developing countries. This article reports on surveys carried out in the machine tool industries in the UK and China to
establish the differences and similarities between owners and acquirers of technology regarding the relative importance of
the factors they evaluate, and the assessments they make, when considering a technology transfer. It also outlines the development
of a framework for technology valuation. The survey results indicate that the value of product technology is related to superior
technical performance, especially on reliability and functionality, and the prospects of premium prices and increased sales
of the technology transfer based machine tools. Access to markets is the main objective of UK companies, while Chinese companies
are concerned about improving their technological capability. There are significant risks, especially related to performance
in the market, and while owners and acquirers have benefited in the short term, the long term collaboration required for strategic
benefits has been difficult to achieve because of the different priorities of the owners and the acquirers.
"Agility, Adaptability and Leanness: A Comparison of Concepts and a Study of Practice", Katayama
H and Bennett D J, International Journal of Production Economics, Vol 60/61, 1999. This paper deals with three concepts of
concern to manufacturing management; agile manufacturing, adaptable production and lean production. These concepts are described
and compared within the context of the modern competitive situation in Japan. A survey of Japanese firms is described where
the concepts are explored through a number of questions concerned with strategy, action programmes and performance measures.
Many companies have responded to the change in economic conditions through a modification of their production operations and
by changing their cost structure. The results suggest that companies are trying to realise their cost adaptability through
agility enhancement activities.
"China and European Economic Security: Study on Medium to Long Term Impact of Technology Transfer to China",
Bennett D J, Liu X, Parker D , Steward F and Vaidya K, Report prepared for European Commission Directorate General I,
July 1999. The central objective of this study was to assess the potential impact on EU competitiveness, over the medium to
long term, of the transfer of European advanced technology (including R&D capacity) to China. In the study, technology
transfer has been defined as the acquisition and application of foreign technology by Chinese enterprises and institutes in
any of the following forms: (a) technical ideas, information or data (b) personal technical skills and expertise and (c) equipment,
prototypes, designs and computer codes. The study included the following main components: (a) an appraisal of China’s
policy to upgrade its technology and analysis of available data on technology transfer transactions; (b) analysis of available
statistical evidence to assess the shift of Chinese industry towards high technology sectors; (c) examination of technology
collaboration development and experiences of European businesses and Chinese enterprises and institutes, and (d) a strategic
appraisal of the central question, the medium to long term implications of the transfer of advanced technology to China.
"Critical Success Factors
for IS Executive Careers: Evidence from Case Studies", Shi N S and Bennett D J, Computer Personnel, Vol 19, No 3., 1998.
This article qualitatively analyzes the Critical Success Factors (CSFs) for Information Systems (IS) executive careers based
on evidence gathered from five case studies carried out in 1997. Typical IS executive career paths are presented
within a time series style and the CSFs are interpreted within a descriptive framework by synthesising the case data
based on Social Cognitive Theory. The descriptive framework suggests that successful IS executive careers would most
likely be achieved by well educated and experienced IS employees who have the right attitude towards both their
career and work, together with good performance. They would also exhibit an ability for self-learning and to anticipate future
IT uses, as well as having proficient IS management knowledge and skills while working with an appropriate organizational
environment. Moreover, the framework systematically indicates the interactions between the coupling factors in the typical
career development processes. This provides a benchmark for employees that are aiming at a senior IS executive career
against which they can compare their own achievements and aspirations. It also raises propositions for further research
on theory building.
"Requisite IS Knowledge and Skills Construct: A Survey", Shi N S and Bennett D J,
Computer Personnel, Vol 19, No 1, 1998. A review of the literature suggests that various IS knowledge and skills should be
grouped into a construct because many IS tasks require a combination of diverse disciplines. Many studies argue that today's
IS executives should be multidisciplinary, while the organizational skills are becoming increasingly important. However, the
outstanding issue is what is the appropriate balance of disciplines between the organizational domain and technical domain.
For understanding such a balance, it is easier to refer to quantitative proportions than to qualitative descriptions. Therefore,
this study suggests a way to quantitatively identify a management knowledge and skills construct - a combination that comprises
six related knowledge and skills categories suggested by the literature. By analyzing the data obtained in a 1996s survey,
two such constructs for current proficiency and expected level have been quantitatively identified. To people aiming
at a senior IS executive career, the deficiencies between current and expected constructs suggest not only the direction
but also the extent should be enhanced, and the constructs indicate the balance among various disciplines should be
maintained.
"Transferring Manufacturing Technology to China: Supplier Perceptions and Acquirer Expectations",
Bennett D J, Zhao H, Vaidya K G and Wang X M, Integrated Manufacturing Systems - The International Journal of Manufacturing
Technology Management, Vol 8, No 5, 1997. Results of complementary surveys of foreign and Chinese manufacturing enterprises
with respect to their objectives and expectations regarding technology transfer into China show that the major strategic objective
of foreign enterprises, to gain access to the Chinese market, fits well with Chinese enterprises’ main objective of
improving domestic competitiveness but less well with that of accessing world markets through technology transfer. Foreign
firms rate highly the capability of Chinese enterprises to learn new technologies and also find the Chinese macro environment
for business favourable. The survey results provide information that will help managers with their negotiations on co-operating
with prospective partners for the transfer of technology as well as assisting policy makers who wish to facilitate more effective
transfer arrangements.
"Perceptions on the Transfer of Technology to China: A Survey of British Companies",
Zhao H, Bennett D J, Vaidya K G and Wang X M, Technology Management: Strategies and Applications, Vol 3, No 3, 1997. Evidence
from a survey shows that British engineering companies with a business interest in China recognise the potential benefits
from technology transfer to China. The major strategic objective in transferring technology to China is to gain access to
the Chinese market. British firms have a high opinion of the capability of Chinese enterprises to learn to use new technologies
but they give a low rating to their managerial and technological capabilities and quality of existing equipment. Foreign companies
appear to have a cautiously favourable view of the economic and political environment but the legal framework for doing business,
time consuming negotiations, inconvenience of communications, bureaucracy, and unclear organizational authority are identified
as the most difficult problems.
"Technology Transfer and Chinese Government Policy: Opportunities and
Implications for Business", Bennett D J, Vaidya K G, Wang X M and Zhu F, Technology Management: Strategies and Applications,
Vol 3, No 2, 1997. State-owned enterprises in China have been given greater autonomy and responsibility, have freer access
to foreign technology, and are being encouraged to form groups to gain from rationalization and integration. This article
uses case studies to identify the key strategic issues that affect the commercial viability of foreign technology acquisition
by state-owned enterprises within the context of enterprise reforms. All the case study enterprises used technology transfer
to develop new or improved products. Technologies acquired as parts of subcontracting arrangements and well-established technologies
to produce end-use products are easier to manage and operate profitably. However, the latter type of technology has been imported
by numerous enterprises and has led to fierce competition and industy restructuring. Importing capital-intensive and complex
technology to produce major components for products, such as cars, is more difficult and requires closer coordination with
customers and suppliers.
"Technology Transfer to the China Machine Tool Industry: The Need for a Technology
Valuation Model", Bennett D J, Vaidya K G, Zhao H and Wang X M, Industry and Higher Education, Vol 11, No 1, 1997. Due
to its fast growth China is rapidly becoming a focus for globalized manufacturing strategies and is now one of the world's
largest markets for technology. The international transfer of manufacturing technology has also contributed significantly
to the recent sharp increase in the rate of China's industrial development. The Chinese machine tool industry, for example,
has exhibited an annual growth of more than 12% between 1980 and 1995 and is now one of the largest markets for machine tool
technology. Technology transfer agreements are not motivated only by the willingness of foreign suppliers but also by the
desire of Chinese enterprises to acquire technology. One of the major problems in technology transfer is how to establish
the value of the technology. In many cases partnerships between foreign companies and Chinese enterprises fail to become established
because the value of technology cannot be agreed by both sides. It is therefore important to establish a method for valuing
transferred technology. This paper outlines the concept of a technology valuation model which is being developed using empirical
data from the machine tool industry. It is based on research carried out in the UK and China, and draws on selected case studies
of technology transfer in the machine tool sector supplemented by information obtained from questionnaire surveys carried
out in both countries.
"Reliability
Management of Machine Tool Technology: A Case Study of Current Practice", Ahmed J and Bennett D J, International Journal
of Materials and Product Technology, Vol 11, No 5/6, 1996. Considerable attention has been given in the literature to identifying
and describing the effective elements which positively affect the improvement of product reliability. These have been perceived
by many as the 'state of the art' in the manufacturing industry. The applicability, diffusion and effectiveness of such methods
and philosophies, as a means of systematically improving the reliability of a product, come in the main from case studies
and single and infra-industry empirical studies. These studies have both been carried out within the wider context of quality
assurance and management, and taking reliability as a discipline in its own right. However, it is somewhat of a surprise that
there are no recently published findings or research studies on the adoption of these methods by the machine tool industry.
This may lead one to construct several hypothesised paradigms: (a) that machine tool manufacturers compared to other industries,
are slow to respond to propositions given in the literature by theorists or (b) this may indicate that a large proportion
of the manufacturers make little use of the reliability improvement techniques as described in the literature, with the overall
perception that they will not lead to any significant improvements? On the other hand, it is evident that hypothetical verification
of the operational and engineering methods of reliability achievement and improvement adopted in the machine tool industry
is less widely researched. Therefore, research into this area is needed in order to explore the 'state of the art' practice
in the machine tool industry. This is in terms of the status, structure and activities of the operation of the reliability
function. This paper outlines a research programme being conducted with the co-operation of a leading machine tool manufacturer,
whose UK manufacturing plant produces in the main Vertical Machining Centres (VMC's) and is continuously undergoing incremental
transitions in product reliability improvement.
"Modelling and Benchmarking Business Processes: The Supply
Line Example", Hewitt F, Robinson S L and Bennett D J, Benchmarking for Quality Management and Technology, Vol 3, No
2, 1996. Early benchmarking efforts in the areas of distribution and warehousing were focused on discrete, easily measured
task components, such as cubic capacity utilization of warehouses and the cost of the movement of goods per tonne/kilometre
of cargo. However, as discrete departmental activities were replaced by integrated logistics practices, also known as supply
chain management, the established cost comparison approach to benchmarking was supplemented or replaced by a focus on service
level comparisons. The focus can be said to have changed from lowest cost as benchmark to best value for money as benchmark.
Even more recently, with the emergence of continuous supply-line process management, the focus of benchmarking activities
has moved on again. Process efficiency, effectiveness and reliability are now seen as the keys to competitiveness and it therefore
follows that supply-line process performance should be the comparator in benchmarking exercises. In an attempt to achieve
world-class levels of supply-line management, the most advanced companies now see process improvement as the key. A combination
of process-related output measures such as customer satisfaction results and in-process measures such as schedule flexibility
are therefore emerging as the likely foci for future benchmarking activity in logistics. Interestingly, these process metrics
are identical in nature to the input factors used in modelling exercises. By combining benchmarking and modelling the possibility
is therefore emerging of creating a “theoretical benchmark” of performance beyond the level of even the best current
practitioners. In theory, even the best companies can use this approach to identify avenues for further improvement, and there
is no reason to believe that this approach cannot apply to other business processes beyond supply-line management. In effect,
modelling, business process analysis and benchmarking may all be merging into a single, highly powerful tool set, capable
of yielding significant performance improvement across a wide range of business activities.
"Lean Production
in a Changing Competitive World: A Japanese Perspective" Katayama H and Bennett D J, International Journal of Operations
and Production Management, Vol 16, No 2, 1996. Since its publication in 1990, the book The Machine that Changed the World, with its advocacy of “lean production”, has dominated much of
the theory and practice of production systems design. So well known
and compelling have the principles and demonstrated benefits of
lean production become that there are now very few countries and
industries where its influence, along with its associated methodologies
such as just-in-time (JIT), total quality management (TQM) and total
productive maintenance (TPM) have not been felt. However, the strength
of this influence, along with, that of other related philosophies such
as world-class manufacturing, has meant that the rules of competition have themselves been changing. In many respects the resultant change in thinking about the way in which industrial production should be organized can be compared with the change brought about by the automobile, or the “machine” referred to by Womack and his colleagues in the title of their book. The purpose of this article is to examine the role and significance of lean production within the context of the current industrial and economic environment in Japan. It explores the contemporary pressures on Japanese companies and considers how they are demanding a response to the new conditions which are emerging as a result of the continuously changing economic, competitive and industrial situation. For its empirical evidence,
it draws on the recent experiences of four Japanese manufacturing
plants. The first is the final assembly plant of a major automobile
manufacturer, in the industry acknowledged for its pioneering role
in developing lean production, the second is an electronics plant
of a telecommunications equipment company, the third is a plant
manufacturing refrigerators and the fourth makes domestic air conditioners.
The case studies illustrate that Japanese companies can no longer rely on concepts
developed during the 1980s. In order to remain competitive they must adapt
to developments in the market and a changing industrial relations climate.
Moreover, there is the paradox that Japanese companies’ overseas operations
are reducing the opportunities for their own domestic plants to rely on
exports as their means of achieving large production volumes.
"How Much is Technology Worth?" Bennett
D J and Vaidya K G, Technology Strategies, No 125, July/August, 1996. With greater globalization of manufacturing, the transfer
of technology across national boundaries has become more common and the forms of technology transfer more complex. Increasingly
the "trade channel", where technology is transferred through sale or licence, is being superseded by the "investment
channel ", where transfer is facilitated through joint ventures, technology collaborations and co-production agreements.
The complexity of such arrangements prompts the question of how much technology is worth when it is transferred between suppliers
and acquirers. Our research on the transfer of machine tool technology to China has highlighted this problem. Many UK machine
tool manufacturers think Chinese enterprises try to negotiate low prices without appreciating the value of technology to be
transferred. On the other hand, interviews with Chinese machine tool enterprises have revealed that foreign technology suppliers
are often thought to over-value their technology by underestimating the existence of competing technologies and the capability
of Chinese enterprises to acquire and develop technology from alternative sources.
"Technology Transfer Under
China's Economic Reforms: Business Environment and Success Factors", Zhu F, Wang X M, Bennett D J and Vaidya K G, Technology
Management, Vol 2, No 1, 1995. The opening up of the Chinese economy and the associated transfer of technology from abroad
have been taking place at an accelerating pace. Technology is crucial to China's industrial development. It is a productive
resource and has a vital role in the process of economic and social development. This article provides an overview of technology
transfer into China, focusing on recent developments, and examines the macroenvironmental and microenvironmental influences
which foreign enterprises must consider when making investments or technology transfer decisions. Cases of companies engaged
in international technology transfer are used to illustrate the discussion on the microenvironment. To be successful, foreign
investors and suppliers of technology must respond to China's industrial priorities and pursue projects that are compatible
with the country's broad policy goals as well as the corporate objectives of Chinese partners. The article concludes by listing
a number of points to which attention should be paid before a decision is made to transfer technology to China.