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Quality investment as a catalyst for successful performance-based contracts: a relational view perspective
Get PDFPurpose Performance-based contracting (PBC) has been gaining popularity over the years. However, empirical studies investigating the impact of PBC features have been limited. The main purpose of this study is to investigate the effect of PBC features leading to quality investment that fosters financial benefits. Design/methodology/approach After examining the validity and reliability of scale items through confirmatory factor analysis, this study tested hypotheses using covariance-based structural equation modeling of survey data from 381 supply, logistics and operations managers. Findings The findings reveal the impact of PBC features (joint knowledge generation, goal congruence and incentive alignment) on financial benefits and the mediation impact of quality investment between these features and financial benefits. The upfront investment for quality enhancement was found facilitator of PBC features to achieve financial benefits. The findings also reveal the importance of collaborative communication and information sharing for knowledge generation that leads financial benefits through quality investment. This study shows that PBC governance strengthens the theory of relational view by empowering collaborative efforts and aligning goals and incentives within downstream suppliers for knowledge generation and quality enhancement. Research limitations/implications An analysis of PBC features by industry would be very beneficial in differentiating between and more thoroughly understanding the commonalities and differences across various sectors. Investigating how these change across industries would also help identify any bias in PBC implementation. Practical implications This study illustrates that it will be practical and beneficial for suppliers to understand the major drivers of quality investment and the relationship between quality investment and the financial benefits of selecting PBC. Originality/value Unlike most previous studies, this research contributes to the literature in that it is one of the relatively few examples of empirical research on PBC features. Overall, the findings of this study will improve our understanding of how PBC features enhance upfront investment in quality and improve financial benefits
How the Tea Party Captured the GOP Insurgent Factions in American Politics
Get PDFBlum’s work provides a strong starting point to understand how factions can have a lasting impact on parties. Still, this work offers a theoretical framework to understand how insurgent factions such as the Tea Party can have a lasting effect on the Republican Party. This book review analyzes Blum’s work and provides analysis and gentle criticisms of this work. The Tea Party successfully renegotiated the ideological positions of the Republican Party by using confrontational tactics and challenging established GOP candidates. Through these insurgent tactics, the Tea Party reshaped the Republican Party to embrace reactionary conservatism. This transformation of the Republican Party created a receptive base of voters for candidates like Donald Trump