Sasin Journal of Management (SJM) was launched in 1995 to educate and stimulate the minds of business leaders and academics around the world by keeping them abreast of the latest theories and practical knowledge while also participating in a forum that brings East and West together in the sharing of information and insights.
Our editorial board consists of business leaders and faculty members drawn from the Wharton School of the University of Pennsylvania, from the J.L. Kellogg Graduate School of Management of Northwestern University, and from Sasin's own faculty. Meet the editorial board by clicking here.
SJM brings you a balanced mix of articles in a variety of business fields, including case studies of corporations and interviews with renowned business leaders.
According to Zygmunt Bauman, the world is transforming from Solid Phase Modernity into Liquid Phase Modernity, which is a world that is in a transient wax-like state. In this particular state, people interact with each other with open multiplicity, local overlapping, and self-reflexivity. As a result of these constant transformations, hyper conflict, paradox, and instability are the norm, and globalization is the underlying cause.
In the end, it is mandatory for every country to withstand or reduce the force of clashes resulting from the world besieged with risks as well as opportunities. To survive in such a world, each country must have sufficient immunity, having both a strong economic architecture and a strong social architecture. On the one hand, a strong economic architecture entails a conducive macroeconomic environment, efficient public and private sectors and, good basic infrastructure to foster economic growth (World Economic Forum, WEF). On the other hand, having a strong social architecture is directly associated with the achievement of social quality, which is reflected through social empowerment, social inclusion, socio-economic security, and social cohesion (the European foundation for social quality, EFSQ).
Sasin Journal of Management, Volume 16, Number 1, 2010 (Abstract)
Sufficiency Economy Principles and Corporate Social Responsibility
Professor Stephen B. Young is the Global Executive Director of the Caux Round Table, U.S.A.
CSR is a principled approach to business decision-making that integrates firm profitability with stakeholder engagement. Such integration, when successfully accomplished, enhances the present value of the firm. By looking at its self-interest upon the whole set of considerations, a firm becomes more valuable for itself and for its stakeholders. At the same time it acquires an ethical character of being systematically responsible to others. It gains the character of a “good” firm.
The three criteria and two conditions of the Sufficiency Economy approach – moderation, reasonableness, risk-resilience, knowledge and integrity – strengthen management’s capacity to find the firm’s self-interest upon the whole and set proper goals and objectives in place to make the firm “good” in its social setting.
The Sufficiency Economy approach both parallels CSR management principles, it provides strategic insights for the better implementation of such principles.
Is the Love of Money Universal amongst Aspiring Malaysian Managers? – An Empirical Case Study
Debabrata Chatterjee is a Research Scholar at the Department of Management Studies, Birla Institute of Technology, Mesra, Ranchi. Jharkhand, India.
This research examines the influence of the love of money and religiosity on the Machiavellian orientation of future managers. Data was collected from 163 business undergraduates from a local university in Malaysia. Results from the hierarchical regression analysis showed that there is a positive relationship between love of money and Machiavellianism. In addition to this, the relationship between religiosity and Machiavellianism was not substantiated. Similarly, through simple regression, there was no attainable evidence to conclude a significant relationship between love of money and religiosity. However, the t-test results showed a significant difference in the love of money between Malays and non-Malays in Malaysia.
Behavior and Factors Affecting the Selection of Reading Media by People of Different Lifestyles in the Bangkok Metropolis
Thamonpat Khamsiri is Circulation Manager – Thailand and Indochina at the International Herald Tribune.
The objective of this study is to conduct lifestyle segmentations for Thais in order to analyze how reading behavior and lifestyle affect the selection of reading media. The results show that Thai consumers can be categorized into six lifestyle groups with different reading behaviors.
Customer Satisfaction and Quality of Public Services in Fiji and Solomon Islands
Rafia Naz is a Lecturer, Gurmeet Singh is an Associate Professor in School of Management and Public Administration and Associate Dean for Research and Graduate Affairs at the Faculty of Business and Economics, and Raghuvar Dutt Pathak is a Professor at the School of Management and Public Administration and Acting Head at Graduate School of Business, The University of The South Pacific, Suva, Fiji Islands.
Paper seeks to examine the quality of public services provided to the citizens in Fiji and Solomon Islands to understand their level of satisfaction. Effectiveness in public service delivery means that the service provided by public sector is fast, of quality and satisfies the customer. This study was conducted using structured questionnaires that were distributed to different groups of respondents using stratified random sampling. The results of this study reveal that service quality is poor in Fiji but acceptable in Solomon Island. It was also found that in both countries Public Service Rating (Quality) and Public Service Improvement is significantly correlated with customer satisfaction.
Organizational Downsizing: A Review of Two Decades of a Strategic Phenomenon
Dr. Franco Gandolfi is the Director of MBA/EMBA Programs and a Professor of Management at the School of Global Leadership and Entrepreneurship, Regent University, U.S.A.
This research article on downsizing represents a comprehensive review of the scholarly work of researchers studying the multifaceted phenomenon of downsizing over the past 20 years. Since Cascio’s (1993) seminal article 'Downsizing: What do we know? What have we learned?', the research has burgeoned across several countries. This paper examines what we have learned during the many years of academic enquiry. While acknowledging the empirical and theoretical contributions that have been made, the concept of downsizing remains problematic and its theoretical base disconnected from much of the change management literature. The article is based upon an analysis of the downsizing literature and a summation of secondary sources.
SJM Interview: A Conversation with Carlos Ghosn: “The Secret to a Successful Recovery”
Mr. Carlos Ghosn is CEO of Renault Group and Nissan Motor Corporation
The term crisis comes from Greek. And this term means “the necessity of decision”. Crisis is a very short period where you have to make a decision. Today crisis is not very well used because they talk about it in the sense of something over five years.
In the world there are many different kinds of crises. Today I will talk about crises that can be internal or external. And I will talk about what I have been through, so this is not rhetorical but very practical, because I’ve been living through them.
Book Reviews: Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing
Professor Prem C. Jain is the McDonough Professor of Accounting and Finance at Georgetown University.
For years, academics have claimed that an average investor should not bother to search for undervalued stocks, because the market is efficient. In contrast, Warren Buffett believes that the stock market can serve excellent returns to enterprising investors. Sometimes the entire market becomes overvalued, and it can become similarly undervalued. This happens much more frequently and drastically to individual stocks. A diligent investor with a long-term view can often find excellent investment opportunities in the stock market. Slowly but surely, academics and practitioners alike have come around to Buffett’s way of thinking.
Buffett has also been the subject of several books. However, these books tend to focus on Warren Buffett the man and do not analyze his investing philosophy in detail. Considering his unparalleled success, there has clearly been a need to examine Warren Buffett’s investing style in depth so investment professionals and students can benefit from his exceptional insights. My recent book, Buffett Beyond Value, fills this gap, and this article provides a primer.
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