This paper proposes a relationship between manufacturing strategy and organizational culture, based on an examination of the research literature. Survey data were collected from 822 respondents in 41 plants in the transportation, electronics, and machinery industries in the U.S. These plants...

The problem of the relevance of the analytical products of management science for the manager whose decision making is largely intuitive is discussed. A definition of intuitive behavior is proposed based on the willingness of the manager to use a particular verbalization of his decision process...

Several well known purchasing policies or "buying strategies" are studied by-means of simple mathematical models. The basic properties of these policies are demonstrated under the assumption that future market prices are viewed as random variables. An optimal policy for forward buying is...

The problem of teaching or developing creative modeling ability is considered in the light of three basic hypotheses concerning the processes of enrichment (elaboration of very simple models), association (analogy with previously developed structures), and alternating attention to different...

The logical structure of diversification as a management policy is discussed through the use of simple examples. For a decision maker who maximizes expectation in the face of uncertain prospects, the kinds of utility functions which lead to the use of diversification are explored. It is shown...

This study examines the relationship between bundles of lean practices and cumulative performance, as described by the sand cone model. Based on the literature, hypotheses relating lean bundles to cumulative performance are proposed. They are tested using a sample of 317 plants in three...

A product recall can be viewed as a firm’s worst nightmare. Although the long-term damage to brand equity and company reputation may be difficult, if not impossible, to quantify, the short-term impact on shareholders’ wealth is readily estimable. While many studies have examined this issue...