Vol. 3, No. 4, December 2015

Editor: Joost Platje

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Vol. 3, No. 4, 255-269, December 2015

Technical debt and customer value added as the parameters of technology innovation based strategies
AGH University of Science and Technology, Cracow, Poland


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Abstract: Market introduction of technologically innovative products or services is based around a desire to create offerings with superior customer value. This perceived customer value creation process has to be divided into segments to provide a diagnostic tool which can usefully assist managers create new superior value technology based products or services by including customer participation in the development process. The use of such a tool, based on customer value and technical debt as parameters, will allow company decision makers to analyze and measure the nature of customer perceptions and the innovativeness of a proposed offering enabling them to define concrete marketing strategies as a result and minimizing the risk of market failure of an innovation based product. The importance of technical debt and customer value added as the parameters of technology innovation based strategies is discussed in this article.

Keywords: technology management, value creation, innovation, technical debt

JEL: O33, O32, M31

Vol. 3, No. 4, 271-294, December 2015

Base metal pricing variation: a contribution to a conceptual model for nickel
AGH University of Science and Technology, Cracow, Poland


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Abstract: This paper contributes to the discussion of Base Metal Pricing Variation by analysing Nickel data for the year 2007. 2007 was the culmination of a period of unprecedented Nickel price turbulence and the purpose of the analysis was to identify the most important factors which could have resulted in such significant variation. Based on this analysis a conceptual model was developed of Nickel pricing dynamics. This model is presented in the paper as it may prove useful in further research on price variation or for other mineral resource commodities.

Keywords: base metals, mineral resource commodity prices, available inventory, warehouse stock, price variation model, supply and demand
JEL: D400

Vol. 3, No. 4, 295-315, December 2015

Beyond resilience – new institutional economics, fragilities and indicators of unsustainability
Wrocław School of Banking, Wrocław, Poland


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Abstract: Based on ideas and notions discussed in Nassim Taleb’s books The Black Swan and Antifragile, in this article it is discussed how theories from the new institutional economics can contribute to research on sustainability issues in different areas as well as corporate social responsibility. While sustainability is often considered from the point of view of resilience, the increasing complexity of the world requires to be prepared for unexpected challenges and unpredictable challenges which may lead to crises or system ruin. The focus in this article is on the identification of fragilities as the bottom line of sustainable development – their elimination may prevent ruin and support system survival. This is based on the idea that not only policy for development may be senseless when the possibility of ruin exists. In general, it is also easier to identify problems than possible improvements. The theoretical framework of the new institutional economics will be used to outline some opportunities and challenges for identifying fragilities and creating indicators of unsustainability.

Keywords: sustainable development, sustainability, fragility, Black Swans, indicators of unsustainability, new institutional economics, transaction costs, property right, corporate social responsibility
JEL: Q01, B52, G14