Strategic delegation to an independent regulator with a pure consumer standard improves dynamic regulation by mitigating ratchet effects associated with short term contracting. A consumer standard alleviates the regulator’s myopic temptation to raise output after learning the firm is inefficient. Anticipating this tougher regulatory behavior, efficient firms find cost exaggeration less attracti...

The US department store industry has undergone a recent round of strategic acquisition-based portfolio restructuring. This paper analyses one such acquisition, studying how its geography is restructured in the premerger stage to conform to the Federal Trade Commission's 'fix-it-first' policy and to improve the strategic fit of the transaction. The article then investigates evidence, and analyse...

Confronting complex situations is the hallmark of strategic decision-making. While these situations may be perceived as equivocal, organizations must cope, act, and thrive within such ambiguities. This study explores the manifestation and regulation of equivocality during strategic marketing decision-making. The results indicate that organizations that tolerate ambiguity perceive greater equivo...

BACKGROUND In this paper (initially presented at a symposium during the ICN Centennial Conference, 27 June-1 July 1999, London), we describe nurses' experiences in formulating a strategic plan for nursing development at the national level in Bahrain. AIM Specifically, we address the process undertaken to produce a comprehensive and integrated strategic plan directed at what nurses in Bahrain ...

We consider an integrated decision making process of autonomous vehicles in agent-oriented simulation of urban traffic systems. In our approach, the planning process for a vehicle agent is separated into two stages: strategic planning and tactical planning. During the strategic planning stage the vehicle agents constructs the optimal route from source to destination; during the tactical plannin...

Using banks’ internal models for regulatory purposes, while aimed at making capital requirements more accurate, invites regulatory arbitrage. I develop a framework to study the strategic selection of risk models, and derive predictions in line with recent empirical evidence. I also study optimal regulations. Penalizing banks with low risk-weights when they suffer abnormal losses is a powerful t...

To be able to make changes to a business process, it is necessary to understand how the process supports the strategic goals of the business and how changes to the goals may impact the process and vice versa. This paper explains the relations between strategic goals and business processes by adopting a regulation point of view. This point of view holds that the main property of business systems...

Growing complexity of the data and processes to be managed, as well as the transition from strict governmental regulation towards autonomy make academic institutions a significant consumer of advanced software solutions. Strategic management requires a comprehensive analysis of large data volumes from heterogeneous sources, often imprecise and incomplete. Our aim is to assist university policy-...

Sound environmental regulation must achieve environmental objectives while maximizing economic efficiency. This paper evaluates the impact of regulation on efficiency by measuring annual productivity across regulatory regimes in two similar fisheries with differing policy expectations. Anticipation of regulatory change produced strategic behavior in one fishery, leading to depressed productivit...