Public-Private Partnerships: Policy Prescription during the Era of Pandemics
Abe Harraf, Jay M. Lightfoot, and Adam Cole
The COVID-19 pandemic caused disruptions in global supply chains that have resulted in prolonged shortages and financial hardships for many corporations. While organizations have dealt with supply chain interruptions for natural disasters and stock market crashes before, the COVID-19 pandemic presented a larger and unique challenge, and it required the need for resiliency in supply chains. This paper discusses several alternatives that can mitigate potential supply chain disruptions. Despite the natural inclination to protect domestic companies and industries, this paper cautions against the use of protectionism policies to prevent supply chain disruptions, as protectionism is proven to be damaging to innovation and eliminates the positive aspects of international trade and globalization. The paper recommends that governments and corporations establish strategically designed and aligned public-private partnerships that simultaneously encourage the principles of the free-market economy while providing increased preparation for supply chain disruptions caused by future global events. We further attest that Public-private partnerships will increase supply chain resiliency while simultaneously enhancing public welfare.
Keywords: COVID-19 Pandemic, Supply Chains, Globalization, Protectionism, Public Policy, Public-Private Partnerships
Sustainable Industry and Supply Chain – What to Teach
How to teach students about development and sustainable operation of companies and supply chain are a complex task with several partly conflicting issues. Entrepreneurship business models are more different than sustainable business models for operation and maintenance, but they can be seen as complementary or two stages of industrial development: explore and exploit. Both are part of what can be described as Entrepreneurial Mindset. Teaching in collaboration with companies tells us something of how this may be done as experienced in course cases. Supply Chains are becoming more and more global even for SMEs. With increasing use of global Supply Chains together with increased volume and frequency, the activities and logistics in between main operations have become more important to ensure reliability and sustainable operations. And these are based on collaboration and communication between involved companies and agencies. Core issues in this are charges that determine cost involved together with custom clearance issues, delays, miscommunications, and unforeseen circumstances. The sustainable Supply Chain of tomorrow needs to be data-driven to achieve improvement. We need to go from customer data to customer benefit. It may be achieved by utilizing AI to improve decisions and reduce latency. A 3-stage roadmap for utilizing Entrepreneurial Mindset in teaching digitalization of sustainable Supply Chain is suggested.
Keywords: Teaching, Supply Chain, Logistics, Entrepreneurship, Operations, Sustainable
Do Occupational Stress Affect Employee Performance? The Case of Middle East Organizations
Basil John Thomas, Tarek Khalil, and Ruqiya Jaber AlDarwashi
Human resource is one of the major resources that enables an organization to sustain and grow in the present business era, which is characterized by high degree of competition and internal rivalry among the organizations. One of the major elements that has an influence and impact on the overall levels of employee performance is that of occupational stress. High levels of occupational stress has always a negative impact on the performance of employees. This research aims at making an assessment of the impact of occupational stress on employee performance in organizations in the Middle East. It also aimed to assess the overall levels of occupational stress within the factors that caused occupational stress, and the manner in which occupational stress influences employee performance. The study is also intended to put forward recommendations in order to have effective management of occupational stress. In order to address all these aims, a mixed methodology was deployed. The overall findings of the research indicated that occupational stress had a negative impact on the overall performance of the employee, where occupational stress is majorly defined by the presence of role conflict and role ambiguity as well as the lack of career development within the organization.
Keywords: Occupational Stress, Employee Performance, Employee Empowerment, Workplace Environment
Evidence from South African Construction and Industrial Transportation Businesses on Asset Revaluation
Zenzele Mzimela, Mabutho Sibanda, Bomi Nomlala, and Hlengiwe Ndlela
This study examines the relationship between asset revaluation and accounting and economic factors among firms listed on the Johannesburg Stock Exchange (JSE). It employs a quantitative model using seven explanatory variables, namely, leverage, operating cash flow, firm size, return on equity, return on assets, Tobin’s q, and common share ownership. The study covers South African companies listed on the Johannesburg Stock Exchange (JSE) that applied asset revaluation at least once during the period 2006 to 2017. The findings of the study reveal that: (1) leverage does not have a significant impact on the revaluation decisions of the sampled firms, (2) macro-economic policy environment could significantly influence revaluation decisions, (3) the size of firms is one of the most important factors that have a significant effect on firm performance, (4) leverage has a significant impact on firm performance, while the other variables show a negative or inverse relationship with the revalued asset. The results of this study will fill a gap in understanding the variables identified by this research study which has justified with most relevant literature that motivates management of South African firms to choose the revaluation model to measure fixed assets. This study contributes to the current body of knowledge and further offers insight into the effect of the revaluation of fixed assets on firm performance, the characteristics of firms that revalue their fixed assets, and whether or not fixed asset revaluation decisions are influenced by the firm’s leverage. This study has also provided a very robust plan for future researchers.
Keywords: Fixed Assets, Revaluation, Leverage, Firm Performance, IFRS
Aksemsettin Mah. Kocasinan Cad.
Erenoglu Is Merkezi
Fatih – Istanbul, TURKEY
Email: [email protected]
This work is licensed under a Creative Commons Attribution 4.0 International License.