James C. Lockhart

Soil quality and financial performance of biodynamic and conventional farms in new zealand.

Biodynamic farming practices and systems show promise in mitigating some of the detrimental effects of chemical-dependent, conventional agriculture on the environment. The physical, biological, and chemical soil properties and economic profitability of adjacent, commercial biodynamic and conventional farms (16 total) in New Zealand were compared. The biodynamic farms in the study had better soil quality than the neighboring conventional farms and were just as financially viable on a per hectare basis.

Spanning the Academy-Practice Divide with Doctoral Education in Business

The economy has always been a knowledge economy. We accept as a premise of this paper that phenomena such as the explosion of information, information technology, intellectual capital, knowledge workers and firms as knowledge systems are real, while reserving space elsewhere for the critique of such phenomena. To date, doctoral education in business has focused almost exclusively on the needs of future academic staff. One response to the growing demand for a practitioner-oriented doctoral education is the rise of Doctorate of Business and Administration (DBA) programmes. The DBA differs from a Doctor of Philosophy (PhD) because of its increased focus on the application of knowledge, in addition to the development of that knowledge. While PhD research needs to make a significant contribution to theory, DBA research is expected to contribute to both theory and practice. This paper provides a brief history of doctoral education in business. We discuss the choices that have been taken in the design and content of the Massey DBA in relation to the academic/practice divide. An interim report of experiences by both academics and students is provided. The implications for doctoral education in areas that span the research/practice divide are then identified.

Kaizen: a Japanese philosophy and system for business excellence

Purpose – The purpose of this paper is to develop a definitive and insightful working definition of kaizen for practitioners and academics in the West through which they may better understand the kaizen phenomenon and its intangible but critical underpinning philosophy. Design/methodology/approach – A phenomenological study of the utility of kaizen within in the bounds of active kaizen environments in name Japanese industrial organisations was conducted over a three-year period in Japan. The research explored how Japanese workers acknowledge, exercise, identify and diffuse kaizen in a sustainable manner. Findings – Kaizen is found to be a broad philosophical approach to work that serves different purposes for different members of the organisation, where no universal definition appears to exist yet differing ideologies are tolerated. Kaizen in Japan has a considerably deep meaning: it channels worker creativity and expressions of individuality into bounded environments, and creates an energy that drives a ...

What Really Happens inside the Boardroom and how it may Shed Light on Corporate Success and Failure

For the last two decades or more, agency theory has provided the dominant guiding framework for the research of governance. Despite the results of this effort being described as “remarkably inconsistent not only with the theory but with each other” (Daily, Dalton and Rajagopalan, 2003, p. 152) there have been few attempts to offer alternate paradigms for research. The result of this limitation is that several academics and commentators have had cause to publicly acknowledge that we actually know little about governance. Our understanding of the relationship between governance and subsequent organisational performance is at best haphazard, at worst, little more than an assumption. One attempt at breaking this stalemate concerns venturing into the ‘black box’ (LeBlanc and Schwartz, 2004), an activity that requires a different battery of research skills including a range of qualitative research methods, direct observation of practice, oral histories, case studies, interventions, action research and the analysis of decision-making. Few of these practices sit comfortably within the normal science (Kuhn, 1970) practices of much governance research conducted to date. The aim of this paper is to discuss the attributes of such black box research, identify various approaches to its conduct and to present a brief summary of interim results from a range of research activities in progress in New Zealand. The primary aim of the research ‘agenda’ informing these activities is firstly, to determine how a relationship between governance and subsequent organisational performance may operate given the complexities of such an approach and to identify whether specific attributes (either governance architecture or board capabilities) actually influence organisational outcomes. Results to date offer a tentative glimpse at what may be effective governance. In time, they may seriously challenge the relevance of much current research and what is increasingly being promoted by various agencies and accepted by practitioners as best practice.

An Examination of Shareholder–Stakeholder Governance Tension: A Case Study of the Collapses of Ansett Holdings and Air New Zealand

For decades the majority of contributions to governance practice have been compliance-focused while much governance research has been grounded in an agency view (Daily, Dalton & Rajagopalan, (2003), Academy of Management Journal, 46(2), 151–158). Much of that effort has failed to observe the key drivers of boardroom decision making. The objective of this research was to explore the shareholder–stakeholder tension within an organisation as it progressed through sequential forms of ownership. The results presented in this paper are primarily drawn from the immediate ex poste and ex ante events surrounding the collapse of Ansett Holdings Ltd and the latter government bailout of Air New Zealand. New Zealands national airline provided a relevatory case (Yin, (1989), Case study research: Design and methods (Rev.ed.). Newbury Park, CA: Sage), the opportunity to study a phenomenon previously inaccessible to research, because data hitherto unavailable ‘entered’ the public domain. However, when reinterpreted in light of direct input from key executives involved – benevolent informants – much of that data needs to be reconsidered to better understand why critical decisions were made. The Ansett collapse subsequently became the single largest corporate collapse in Australian history while the loss to Air New Zealand became New Zealands largest-ever corporate loss. The decision by Brierley Investments Limited (BIL) to ‘block’ Singapore Airlines (SIA) entry into the Australian market, implemented through the high risk acquisition of the balance of Ansett, directly resulted in both ‘collapses’. Decisions by the organisations governance were found to have a direct impact on the performance of Air New Zealand through various phases of its ownership. While the ‘collapses’ are attributed to a failure of governance to act in the organisations (stakeholders) interests. Growing tensions between shareholders and stakeholders were observed to be suppressed as the BIL dominated and led Board achieve complete control over decision making. There remains considerable opportunity to further governance research through the examination of business ethics, notably the view that appropriate ethics can be met by way of legislation (e.g. Diplock, (2003, April), Corporate governance issues. Securities Commission of New Zealand. Available from: http://www.sec-com.govt.nz/speeches/jds240403.shtml). However, the role of governance, particularly whom it is there to serve requires far greater attention on behalf of researchers. In the cases of Ansett and Air New Zealand the Board ceased to act in best interests of the organisation in favour of the major shareholder.

How boards influence business performance: developing an explanation

Purpose The purpose of this paper is to explore the relationship between boards and board activity and subsequent business performance, in the context of high-growth companies, through the lens of decision making and business performance. Design/methodology/approach A critical realist approach was used to conduct a longitudinal multiple-case study of two medium-sized, quasi-public high-growth companies. Data collection included first-hand observations of boards in session, semi-structured interviews with key actors and the inspection of board and company documentation. An iterative approach to analysis was used to gain an in-depth understanding of how the boards worked and how they sought to exert influence. Findings The paper provides empirical insight about board involvement in strategic management. A proactive involvement by boards in the strategy development process and assessment of strategic options, and a collaborative form of board involvement in strategic management together with management is indicated as being important if the board is to exert influence beyond the boardroom. A conceptual model of a collaborative form of board-management interaction is developed. Practical implications The paper provides guidance for boards, suggesting that a more direct level of involvement in strategic management by the board together with management may be material to improved business performance. Originality/value The paper responds to calls for more research on the relationship between boards and business performance. It contributes much-needed first-hand evidence from within the boardroom.

Understanding the erosion of US competitiveness: Managed education and labor in Japanese “corporate castle towns”

Purpose For the past three decades, the dominant economic policy environment across the Anglosphere has assumed that industrial performance results from increasing national competitiveness. The US Government and others have extensively used the tools of deregulation that emerged from the influential frameworks of Michael Porter and the Chicago School. That both the contributing analysis and attendant policy environment largely neglected the very source of national disadvantage, mostly Japanese industry in the 1970s and 1980s, remains surprising. What was going on in Japan at the time, and to some extent continues today, remains largely hidden. The aim of this paper is to expose one source of Japan’s influential competitive advantage – the human resource. Design/methodology/approach This paper, through the translation of a Japanese-language paper by Professor Emeritus Masaki Saruta, introduces the Japanese phenomenon of managed education in Aichi Prefecture, home of the Toyota Motor Corporation, and provides insight into the lifestyles of the Japanese workers who live and work in corporate castle towns that feed Toyota. Inductive content analysis was used to identify four themes that can be identified as the strategies used to produce a homogenous pool of labor that sustains the Toyota Way philosophy and Toyota Production System. Findings The content analysis identified four major themes: Toyota’s abnormal level of influence over local government, a unique education system of education management, a closed labor market and the homogeneity of labor. It is only now that business leaders in the Anglosphere are able to comprehend the vastness and depth of inculcation and nurturing policies of Toyota and other Japanese industrial giants – something business leaders in the Anglosphere today can only dream. It now becomes evident that Chandler’s visible hand remains alive and well, but critical drivers of its success in Japan and Toyota were largely invisible to the West. Research limitations/implications The research required the knowledge of one of Saruta’s works that is only published in Japanese, and therefore, inaccessible to researchers in the Anglosphere. The translation process and development of themes is reported in detail. The findings are then located in the broad context of national competitive advantage. Practical implications With the insight presented in this paper, business and government leaders may now be empowered to implement policies and practices to nurture a pool of labor more conducive with the organizational strategic policy. While leaders in the Anglosphere are able to implement policy, there also remains a new threat to economic sovereignty – the nurturing of human resources in the dormitories, refectories and shopping malls of industrial China. Social implications The development of a company-focused workforce to support corporate castle towns, one of the sources of national advantage, has been identified in this paper. The social implications are twofold. First, in Japan, the nature and influence of these towns are accepted and heralded by the community. Second, outside of Japan, and especially across the Anglosphere, these towns are a major source of competitive advantage. Originality/value Through the translation of original research published in the Japanese-language medium, this research provides otherwise inaccessible insight into the inner workings and effectively the “black box” of what was Japan Inc. in an era when business people in the West were playing catchup. As the debate on globalization extends to sovereignty across the Anglosphere, it is beholden on the academic community to provide effective solutions for industrial competitiveness.