• The dark side of social capital: Lessons from the Madoff case

      Manning, Paul; Leeds Metropolitan University
      Book chapter exploring the dark-side of the social capital concept.
    • Putnam and Radical Socio-Economic Theory.

      Manning, Paul; Leeds Metropolitan University
      Purpose – The purpose of this paper is to review the social capital treatment of Robert Putnam, the most influential conceptual theorist. The paper will detail how Putnam’s treatment of social capital has evolved, examine the arguments of his critics and will also critique his socio-economic analysis. Design/methodology/approach – The approach taken is a literature review that investigates Putnam’s social capital understanding and considers the reasons why this conceptual treatment “touched a nerve” and proved so influential and adaptable. Findings – Putnam’s social capital treatment belongs to a socio-economic communitarian tradition that can be traced to de-Tocqueville, which offers an alternative to both mainstream free market ideology and to leftwing socio-economics. Originality/value – The originality of this paper is to identify Putnam as a radical in a methodological sense, reinvigorating a Burkean, consensual interpretation of socio-economics. The value of this paper is to offer a critique of Putnam’s interpretation of social capital. Keywords Social capital, Social economics, Economic theory Paper type Literature review
    • Explaining and Developing Social Capital for Knowledge Management Purposes.

      Manning, Paul; Leeds Metropolitan University
      Purpose – The purpose of this paper is to review the growing literature bridging social capital (SC) and knowledge management (KM). The paper seeks to identify the causal factors for this recent research into the connection between SC and KM, and also to explicate the relationship between the most relevant neo-capital theories and KM. Further, the paper aims to argue that Granovetter’s and Coleman’s socially embedded understanding of market activity is the most relevant for examining the SC and KM interface. Finally, the paper seeks to offer guiding approaches drawn from SC literature for enhancing KM performance. Design/methodology/approach – The paper reviews the SC literature from a KM perspective. Findings – First, interest in SC from KM scholars is driven by a number of inter-linked causal factors. Second, SC is significant for KM purposes and can be understood as being complementary to and parallel with other intangible capitalisations, such as human capital (HC) and intellectual capital (IC). Third, there are a number of guiding notions that organisations can adapt to construct and enhance SC for KM purposes. However, SC processes are complicated and context-dependent and therefore resistant to micro-management and ‘‘one size fits all’’ prescriptions. Originality/value – The paper examines the broader context of the SC and KM interdisciplinary meeting place. It argues for an ‘‘embedded’’ theoretical understanding of SC that is most relevant for KM performance, and also explicates the parallel nature of neo-capital theories from a KM perspective. The paper also suggests a number of guiding approaches that organisations can adapt to analyse and develop their SC for KM purposes.
    • An exploratory study of the FinTech (Financial Technology) education and retraining in UK

      Sung, Anna; Leong, Kelvin; Sironi, Paolo; O'Reilly, Tim; Mcmillan, Alison; University of Chester, IBM Industry Academy, Sage Qualifications, Glyndwr University
      Purpose The purpose of this paper is to explore two identified knowledge gaps: first, the identification and analysis of online searching trends for Financial Technology (FinTech)-related jobs and education information in UK, and second to assess the current strength of the FinTech-related job distribution in terms of job titles and locations in UK, job market in UK and what is required to help it to grow. Design/methodology/approach Two sets of data were used in this study in order to fill the two identified knowledge gaps. First, six years’ worth of data, for the period from September 2012 to August 2018 was collected from Google Trends. This was in the form of search term keyword text. The hypothesis was designed correspondingly, and the results were reviewed and evaluated using a relevant statistical tool. Second, relevant data were extracted from the “Indeed” website (www.indeed.co.uk) by means of a simple VBA programme written in Excel. In total, the textual data for 500 job advertisements, including the keyword “FinTech”, were downloaded from that website. Findings The authors found that there was a continuously increasing trend in the use of the keyword “fintech” under the category “Jobs and Education” in online searching from September 2012 to August 2018. The authors demonstrated that this trend was statistically significant. In contrast, the trends for searches using both “finance” and “accounting” were slightly decreased over the same period. Furthermore, the authors identified the geographic distribution of the fintech-related jobs in the UK. In regard to job titles, the authors discovered that “manager” was the most frequently searched term, followed by “developer” and “engineer”. Research limitations/implications Educators could use this research as a reference in the development of the portfolio of their courses. In addition, the findings from this study could also enable potential participators to reflect on their career development. It is worth noting that the motivations for carrying out an internet search are complex, and each of these needs to be understood. There are many factors that would affect how an information seeker would behave with the obtained information. More work is still needed in order to encourage more people to enter to the FinTech sector. Originality/value In the planning stage prior to launching a new course educators often need to justify the market need: this analysis could provide a supporting rationale and enable a new course to launch more quickly. Consequently, the pipeline of talent supply to the sector would also be benefitted. The authors believe this is the first time that a study like this had been conducted to explore specifically the availability and opportunities for FinTech education and retraining in UK. The authors anticipate that this study will become the primary reference for researchers, educators and policy makers engaged in future research or practical applications on related topics.
    • Financial Technology for Sustainable Development

      Leong, Kelvin; Sung, Anna; Teissier, Cedric; University of Chester, Finexkap
      N/A
    • Emerging Technologies in Education for Sustainable Development

      Leong, Kelvin; Sung, Anna; Cunningham, Stuart; University of Chester; Manchester Metropolitan University
      N/A
    • The importance of colour on the communication of financial data in management

      Sung, Anna; Williams, Taylor; Flora, Sun; Leong, Kelvin; Andoniou, Constantine; University of Chester
      Purpose – The purpose of this paper is to explore the importance of colour on the communication of financial data in management and to encourage future discussion on related topic. Design/methodology/approach – Hypothesis was designed building on relevant literatures. Quantitative discrete data were collected through a mini-test activity in a lecture from students. The results were reviewed and evaluated by relevant statistical tool. Findings – The authors found consistent statistical significance results in the mini-test. The findings support that users prefer to choose the financial data presented in cool colours in business management context. Research limitations/implications – Gaining the understanding of colour’s influence on decision making and behaviour is subjected to complexity. There are many other contextual factors should be taken into consideration in practice. Although the design of the mini-test in this study is relatively simple, it still provides clues for the issue. With the discussions and findings of this paper, the authors shed some light on the direction of potential uses of colour on the communication of financial data in management context. The findings could also be used by management educators to facilitate related discussions among students regarding the complexity of business communication and the importance of perception in decision making. For example, decision making could be affected by various factors (such as colour) outside verbal and text. Originality/value – Managers often need to use financial data in communication for various purposes in work place. The authors believe this is the first time that a study like this had been conducted to specifically review and discuss the importance of colour on the communication of financial data in management. Hopefully, the work reported in this paper could be viewed as reference for management educators, researchers and managers in future research or practical applications on related topics.
    • The ethical challenge of Big Tech’s “disruptive philanthropy”

      Manning, Paul; Baker, Nigel Timothy; Stokes, Peter; The University of Chester, The Thomson Institute, De Montfort University (Taylor and Francis, 2020-08-31)
      This article provides a review of research into global philanthropy and the disruptive practices of new technology companies. In this article we detail how “Big Tech” has created a new marketization of philanthropy, based on its sectoral values of innovation, entrepreneurialism and focus on financial and performance metrics. Consequently, we argue for a new ontology of philanthropy that acknowledges marketization as its guiding principle. The study examines and compares different market-focused, philanthropic paradigms, which have evolved through the business values of Big Tech and examines their moral motivations. The topic is viewed through the lens of ‘hybrid organizations’; a model for non-profit entities and social businesses which, in turn, are seeking a market-oriented pathway of balancing the twin demands of managing mission and money. A conceptual framework is then provided to inform practitioners in non-profit organizations about the issues and risks of engaging with the new types of philanthropy, to which we collectively refer as ‘disruptive philanthropy’. The article concludes by recommending further research into the ethics of Big Tech to understand the true motivations behind its philanthropic practices at a time when the sector is under intense governmental and media scrutiny.
    • Soft Power and International Political Marketing

      Sun, Henry; harris, Phil; University of Chester (Palgrave Macmillan, 2020-06-28)
      Joseph Nye defines soft power as the ability of “getting others to want the outcomes that you want” through persuasion and attraction of one’s ideas or the ability to set the political agenda to shape the preferences of others. Nye further argues that in the international arena, besides the military and economic power, there is a third dimension which is characterized as indirect power, cooptive power, and intangible power in contrary to direct power, coercive power, and tangible power. Nye states, “The ability to establish references tends to be associated with intangible power resources such as culture, ideology and institutions. This dimension can be thought of as soft power, in contrast to the hard command power usually associated with tangible resources like military and economic strength.” Henry Sun defines international political marketing as following: International Political Marketing seeks to establish, maintain and enhance long-term relations among nation-states, political actors and organizations, so that the objectives of stakeholders involved are met. This is done by mutual exchange and fulfillment of promises through cross-border and cross-culture marketing strategy and management
    • Family-owned businesses in the global marketplace: A taxonomy for generational evolution and directions for future research

      Ozdemir, Ozlem; harris, Phil; University of Chester; Regents University, London
      The words “global company” often conjure up images of large, publicly-traded organizations, while the words “family-owned business” may evoke images of small, tightly held companies. However, some of the world’s largest global companies are actually family-owned businesses. Global marketing research has paid little attention to investigating decision making and behavior in family-owned businesses. It has paid even less attention to the important role that women play in leading family-owned businesses. This chapter illuminates these gaps. The current study builds on extant theory about family business cultural impacts on succession using a multidimensional model of succession that adapts stewardship theory while including the previously under-researched perspectives of family-owned businesses. Keywords: Family-Owned Business, Succession, Women
    • The management of continuing professional development in General Further Education Colleges when intentionally aiming to improve Ofsted inspection from an ‘inadequate’ or ‘requires improvement’ grading to ‘good’.

      Flanda, Wilfrid, T (University of ChesterUniversity of Chester, 2018-09)
      The area of teachers’ continuing professional development (CPD) is in the spotlight. This study considers the range of CPD opportunities that are implemented for teachers in General Further Education Colleges (GFECs) following an “inadequate” or “requires improvement” Ofsted inspection in order to achieve a future grading of “good”. The study draws on specific theoretical insights from the literature concerned with teacher professional development in the Further Education (FE) sector. In doing so, the study evaluates the spectrum of CPD models that were on offer within eleven GFECs that took part in the study by using a constant comparative approach. Using data generated from the eleven GFECs and also Kennedy’s (2014b) framework of CPD models as a lens for analysis, I identified five CPD models, which I then classified in relation to their top-down or developmental approach, and also the extent to which the activities identified underpinned professional autonomy and transformative practice. Using CPD as the point of analysis, the study investigates eleven GFECs, and whether the approach taken by the various colleges, prioritises individual or collective development. It then goes on to examine the contribution of resources, roles and responsibilities of individuals and teams within the particular context in which they operated. The findings generated from this study argue that continuous improvement is the result of a change in culture that is initiated by the Senior Leadership Team (SLT) and middle managers, and the success of this cultural change hinges on a series of mechanisms that support the achievement of “higher standards” in teaching and learning.
    • Shaping the future : A study using scenario analysis

      Pownall, Ian; University of Chester (SAGE, 2019-12-31)
      Scenario analysis requires the integration of a diversity of concepts, views, data and practices for organisations. It is an analysis that draws upon current understanding of organizational and environmental contexts but also one that reflects creativity in the construction of future scenarios within which organisations could compete. This case study explores the application of scenario analysis using the ‘Field Anomaly Relaxation’ (FAR) technique by a group of regional stakeholders to understand and prioritize emergent futures in a UK seaside town. The discussion is focused on two phases of that research project; the series of stakeholder meetings to prioritize emergent futures and the factors shaping them; final analytical and interpretive phase that generated four distinctive scenarios which were used to frame ongoing strategic planning by local and regional organisations.
    • Machiavelli at 550 — Reflections on his contribution to management, marketing, and public affairs

      Harris, Phil; University of Chester
      With the U.K. Elections upon us and manoeuvring for the U.S. Presidential Elections in November 2020 already started, it is time to reflect on power. It is always good to call upon Machiavelli to help make sense of the issues and people in the political arena. It is 550 years since Niccolo Machiavelli was born in Florence in 1469 of a very old Tuscan family. The young Machiavelli had a vigorous humanist education, was taught Latin by good teachers, and had access to the best of classical history and ideas. Little is known about the rest of his life until at the surprisingly young age of 29 in 1498, he was recognised by the Signory for his administrative talents and was elected to the responsible post of Chancellor of the Second Chancery. He is also given duties in the Council of the Ten of Liberty and Peace (formerly Ten of War), which dealt with Florentine foreign affairs.
    • Stereotypical Notions of the Entrepreneur: An Analysis from a Perspective of Gender

      Hancock, Connie; University of Chester, University of Barcelona (Routledge, 2014-02-10)
      The principal objective of this paper is an analysis of the stereotypical figure of the entrepreneur in the Spanish context, from a perspective of gender. We provide evidence that the characteristics largely associated with an entrepreneurial individual are stereo-typically male or androgynous, with a notable absence of female typologies. Our findings suggest that this relationship has an influence on the continued predominance of male entrepreneurial activity. This study contributes to the growing empirical literature on female entrepreneurship from an understudied perspective; gender stereotyping, demonstrating that socially constructed gender stereotyping persists in contemporary Spanish culture.
    • Primogeniture in Turkish Family Owned Businesses: An examination of daughter succession, the impact of national culture on gendered norms and leadership challenge.

      Harris, Phil; Ozdemir, Ozlem; University of Chester; Regents University, London
      Family owned and controlled businesses, which may be owned, controlled or operated by various family members, account for an enormous percentage of global employment, revenues and GDP. Although the majority of well-known companies are family owned, research indicates that unfortunately, only thirty percent of family businesses survive to the second generation. Therefore, successful transfer of the business to the next generation is an important issue for the family business literature. However, although succession is a vital issue for Family Owned Businesses (FOBs), the process is unfortunately very gender biased in most societies, with boys being generally favoured over girls so daughters are always excluded as candidates and other women are seldom considered as successors in family businesses. In many cases, especially in certain cultures, female members of the next generation are not even perceived as a viable option. Even in today’s rapidly changing business climate, primogeniture continues to dominate the value system of family businesses. Primogeniture is an accepted approach to family business succession planning; daughters are only considered for family business succession when all descendants are female or the daughter is the first born. This study aims to identify the reasons behind the primogeniture in Turkish FOBs. The objectives of the study were to examine the key factors identified by the incumbents related with the primogeniture. In this research study, an interpretive methodology was adopted to explore, interpret and to understand meanings of knowledge. For this research, qualitative data were gathered via in-depth open-ended interviews with 20 male FOB owners who have at least one daughter and 20 daughters working at their FOB with their fathers. The questions were designed to measure different facets of FOB demographics and culture to understand their effects on the selection process within Turkish FOBs and gender norms in the context of FOB norms, which influence both family members and the business it. This study investigated daughters’ succession in FOBs in Turkey, a developing country where women are less likely than men to engage in entrepreneurial activities and show that gendered norms are still considered when choosing the successor, in other word, primogeniture still dominates the family business succession process.
    • Accounting and Sustainable Development: A Case of Poverty Reduction in an Emerging Economy

      Nagirikandalage, Padmi; University of Chester
      Accounting has been widely used in both public and private sectors across the globe for the sustainable development of corporates as well as economies. However, in the recent past, there has been a wide discussion on poverty reduction and public sector accounting reforms especially in emerging economies in order to enhance the transparency in government expenditure, auditing and accountability as well. Since the governments are responsible on providing essential public services which have a greater impact on poverty, adequate measures in place to monitor the spending is vital for any country with an emerging economy. Moreover, according to the United Nations Millennium Development goals (MDGs) especially on reducing poverty, governments may require to recruit more employees for public sector to fill the gaps in the service in many essential areas such as education, health, and agriculture. Additionally, the recent past financial crisis and recession also have impacted on poverty reduction programs within emerging economies especially which are prone to corruption, fraud, and lack of transparency on government expenditures as well. Due to these various reasons, some emerging economies such as that of Sri Lanka are struggling to minimize the huge budget deficit of the government while leaving with less money for poverty reduction within the country as well. Therefore, unless these gaps are filled, many people in emerging economies will continue to live in poverty (Tridico 2009).
    • Reflections on 20 years of the Journal of Public Affairs: Public affairs in a rapidly changing and globalising world

      Harris, Phil; Moss, Danny; University of Chester
      As we commence the twentieth year of publication of the Journal of Public Affairs [JPA],we reflect on having published 20 volumes of the journal, comprising 80 issues with over 1000 academic articles and close to 10 million words of text and illustrations. This endeavour has been superbly supported by a network of 1500 authors and 2000 reviewers contributing from across the world. This remarkable body of work has been generated by an international collection of academics, aficionados, businesses, experts, governments, interest groups, practitioners associated with the vast industry of public affairs. The editorial team would like to acknowledge and thank all our contributors and reviewers for their support over the past two decades.
    • Turkish delight a public affairs study on family business: The influence of owners in the entrepreneurship orientation of family-owned businesses

      Ozdemir, Ozlem; Harris, Phil; University of Chester; Regents University, London
      Family-owned businesses (FOBs) are as unique as the families that own and control them. As reported by Miller, Steier, and Le Breton-Miller (2003, p.513), the founders of many of these businesses try to continue their legacy and ensure continued family control via intergenerational succession, as when they hand over leadership to their children. The initial statistics suggest only approximately one third of FOBs survive into the second generation, with just 12% remaining “viable” by the third, and only about 3% operating into the fourth generation or beyond. Thus, one of the central problems for FOBs is this inability to ensure competent cross-generational family leadership through successful transfer of ownership and management to the next family generation. This is a core issue for the modern public affairs practitioner and policy maker, nationally and internationally, and the Turkish case is a good example of the multicomplex issues evident in succession planning and leadership for business founders and leaders in these organisations. A firm's strategic orientation is an indicator of the processes developed to integrate new information, to coordinate decisions, to examine the evolution of environmental factors, and to assess new projects (Escriba-Esteve, Sanchez-Peinado & Sanchez-Pei- nado, 2009). However, few studies have provided a framework that jointly analyses the FOB owner characteristics, the mediating processes and attitudes by which owners shape the direction of their family firms, and the effect of these postures on firm performance. This paper addresses the influence of family business owner, over the behaviour of FOBs. By treating FOB owners' characteristics as predictors of a firm's strategic ori- entation, we seek to provide a deeper understanding of how the characteristics of FOB owners shape decision making process and FOBs' behaviours in order to suc- cessfully survive in generations. This study introduced the concept of FOB's entre- preneurship orientation (EO) as a variable that mediates between FOB owners' characteristics and business performance. The objective of this paper is twofold: (a) to identify the demographic predictors FOBs' EO and (b) to analyse the role of EO as a mediator of the relationship between FOB owners' characteristics and FOBs' performance.
    • Intellectual capital and new ventures: the entrepreneur's cognizance of company management

      Hancock, Connie; Hormiga, Esther; Valls-Pasola, Jaume; University of Chester; University of Barcelona
      The purpose of this research is to analyse the intellectual capital gauges most often utilized by entrepreneurs in the management of new ventures and to relate the use of these gauges to business performance. On the basis of interview data collected from 103 entrepreneurs, we provide evidence that the use of such measuring techniques impacts positively on overall business performance. Moreover, the results indicate that those entrepreneurs utilizing some form of intellectual capital (IC) measurement have superior results. Consequently, we highlight the importance of detecting, measuring and utilizing IC for new ventures stressing the potential benefits that such analysis can have on the initial steps taken by an entrepreneur in venture formation and business development.
    • Going it Alone or Working as Part of a Team: The Impact of Human Capital on Entrepreneurial Decision Making

      Hancock, Connie; Hormiga, Esther; Jaría-Chacón, Natalia; University of Chester; University of Barcelona
      This paper endeavours to measure the effect that human capital has on the decision taken by the entrepreneur to pursue new venture creation either in a lone capacity or collaboratively. This study applies a logit model to investigate the research relationships. The results show that three factors (experience, social perception and extrinsic motivation) are relevant in the decision to initiate a new venture either in a lone capacity or as part of a collaborative undertaking. The results indicate that previous experience holds the greatest significance on the decision taken by entrepreneurs to ‘go it alone’, with factors relating to social perception and extrinsic motivation chiefly predicting a decision to work collaboratively. The findings of this study provide new insight and evidence with regard to the factors that influence a key decision in the start-up process: that of continuing in a lone capacity, or proceeding as part of an entrepreneurial team.