How is it possible to sell a kitchen at 30 per cent below market price? Why are hot dogs cheaper in IKEA than in the supermarket? How can IKEA sell the Lack table at half the price it was when it was launched 35 years ago and how can it be achieved with a substantial profit? Strategic Sourcing and Category Management examines how IKEA - and other cost leading companies - use category management to create advantages with direct and indirect sourcing. With 25 years' experience from IKEA, where he had the responsibility to develop and execute the company's purchasing strategy, author Magnus Carlsson shares his insights on important topics: when category management is profitable and why; how teams repeatedly create value and results; what the main approaches are in different categories; how a company implements category management; the difference between success and failure. In this new edition of Strategic Sourcing and Category Management, Magnus Carlsson has added new themes including examples and references from companies such as Maersk, Carlsberg, P&G and Aldi, illustrating the application of cost leadership that spans far beyond IKEA. Even there, the cost leadership lessons are not limited to home furnishings as the company is sourcing categories such as food, components, materials, transports and indirect materials, with a total purchasing spend of approximately €7 billion. But maybe even more importantly, the book illustrates how teams create value by thinking differently and asking the right questions, allowing an understanding that goes beyond mere tools and processes.
This is an open access book. Europe faces significant challenges in the coming decades: geopolitical, demographic, technological, increased competition, climate-related, and health issues due to an aging population, to mention a few. Given these challenges, technological progress and new ways of handling complex issues will be key to continued prosperity and growth. To accomplish a growth process driven by innovation and entrepreneurship, the institutional environment must take into account a multitude of different policy areas that interact to either strengthen or weaken an economy's innovative potential. Innovation is not only about R&D and higher education but is also intimately related to entrepreneurship. Similarly, entrepreneurship is not only about low start-up costs and favorable tax rates. Hence, a consistent and coordinated policy environment conducive to innovation and entrepreneurship is required to translate innovation into high-growth firms and macro-level growth. This book presents the basic cornerstones required to provide a policy regime that can nurture such dynamics. The authors draw extensively on empirical analysis of the development of the Swedish economy, which has been transformed from a so-called "sclerosis" state in the 1980s until the early 1990s to an economy characterized by successful entrepreneurship and innovation. This transformation resulted from a reform agenda that has been gradually rolled out, beginning in the mid-1980s. The authors argue that the Swedish experience provides useful lessons for other nations as well.
This book provides a comprehensive foundation of distributional methods in computational modeling of meaning. It aims to build a common understanding of the theoretical and methodological foundations for students of computational linguistics, natural language processing, computer science, artificial intelligence, and cognitive science.
A study of the impact of European governance on the time of national policymakers and institutions. A theoretical approach to the changing demands of policy-planning as the focus shifts to the present and new demands and rhythms influence European decision-making.
This book offers a systematic inquiry into how, why, and with what consequences media affects governments and the standing of prime ministers. It aims at an understanding of how media has caused institutional effects in government, as well as at advancing a unified theory of government communication. The author develops a logic of centralization and applies it to one case, Sweden. Government communication has been institutionalized, tightened and centralized with the prime minister and has changed irreversibly. Analysis of how the government communication system has evolved, mainly in its institutional structures, suggests that the shift to centralization arose more out of necessity than choice. For prime ministers most of this is about finding ways to ensure that the entire government respond to media uniformly. As governments face a set of functional demands from media, different kinds of media, uniformity has been a paramount objective. Nevertheless, this development involves shifting dynamics of intra-executive relations and a shift of power away from ministries to the prime minister’s office; the apex of political power. The prime minister has been empowered at the expense of ministers through the concentration of power and resources to the executive centre. That is partly because of media, which reinforces political hierarchies. That and the centralized control of government news in turn raises further questions about democratic governance and the nature of modern-day governing.
The spillover effect of multinational companies has, historically, been subject to much debate. The assumption that the host country can be expected to enjoy spillovers – improvements in the balance of payments, in the influx of foreign currency and in other sectors of the economy not directly affected by the multinational – has not necessarily been corroborated in practice. First published in 1989, this book addresses this debate, and the very different conclusions that can be drawn about spillovers. Reporting on significant research on Latin America and drawing comparisons with findings elsewhere, Foreign Investment and Spillovers provides students and researchers with a truly international perspective.
EMU - A Swedish Perspective provides a comprehensive and up-to-date survey of the EMU project. The main advantages and disadvantages of a single currency are evaluated. A key feature of the analysis is the attempt to integrate economic and political aspects. The book is a revised version of the report by the Swedish Government Commission on the EMU. Although the analysis focuses on the consequences for Sweden of joining versus not joining the monetary union, it is highly relevant for the discussion in all EU countries. The book provides an in-depth analysis of how the demands on economic policy will be affected by the monetary union. Various chapters discuss monetary policy and inflation, fiscal policy, unemployment and labour markets, the transition to monetary union, and the exchange-rate arrangements between participants and non-participants. Other chapters analyse the importance of the EMU for European political integration, democratic aspects, and how membership in the monetary union will affect the possibilities for an individual member state to exert influence within the EU. EMU - A Swedish Perspective should be of interest to professional economists and political scientists, students, and all others who want to form an opinion about the monetary union on the basis of a balanced assessment of the consequences. EMU - A Swedish Perspective provides a comprehensive and up-to-date survey of the EMU project. The main advantages and disadvantages of a single currency are evaluated. A key feature of the analysis is the attempt to integrate economic and political aspects. The book is a revised version of the report by the Swedish Government Commission on the EMU. Although the analysis focuses on the consequences for Sweden of joining versus not joining the monetary union, it is highly relevant for the discussion in all EU countries.
The formalism of probabilistic graphical models provides a unifying framework for capturing complex dependencies among random variables, and building large-scale multivariate statistical models. Graphical models have become a focus of research in many statistical, computational and mathematical fields, including bioinformatics, communication theory, statistical physics, combinatorial optimization, signal and image processing, information retrieval and statistical machine learning. Many problems that arise in specific instances-including the key problems of computing marginals and modes of probability distributions-are best studied in the general setting. Working with exponential family representations, and exploiting the conjugate duality between the cumulant function and the entropy for exponential families, Graphical Models, Exponential Families and Variational Inference develops general variational representations of the problems of computing likelihoods, marginal probabilities and most probable configurations. It describes how a wide variety of algorithms- among them sum-product, cluster variational methods, expectation-propagation, mean field methods, and max-product-can all be understood in terms of exact or approximate forms of these variational representations. The variational approach provides a complementary alternative to Markov chain Monte Carlo as a general source of approximation methods for inference in large-scale statistical models.
Introduction to Industrial Energy Efficiency: Energy Auditing, Energy Management, and Policy Issues offers a systemic overview of all key-aspects involved in improving industrial energy efficiency in various industry sectors. It is organized in three parts, each dealing with a particular perspective needed to form a complete view of related issues. Sections focus on energy auditing and improved energy efficiency of companies from a predominantly technical perspective, shed light on energy management and factors that hinder or drive the adoption of energy efficiency practices in the manufacturing industry, and explore energy efficiency policy instruments and how they are designed, implemented and evaluated. Practicing engineers in the field of energy efficiency, engineering and energy researchers coming into the field, and graduate students will find this book to be an invaluable reference on the fundamental knowledge they need to get started in this area. - Provides, in one volume, a comprehensive overview of energy systems efficiency and management that is applied to various industrial processes - Explores operational measures for improvement, including case studies from varying countries and sectors - Discusses the barriers to, and driving forces for, improving energy efficiency in industrial settings, including technical, behavioral, organizational and policy aspects
This book is open access under a CC BY 4.0 license. The authors of this book advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth. The authors propose a reform strategy with respect to several aspects to achieve this goal. Starting with the rule of law and the protection of property rights; the tax system; the authors deal with regulations governing savings, capital and finance, and the organization of labor markets and social insurance systems. Framework strategies related to the regulations governing goods and service markets, bankruptcy and insolvency are also put forward. A core understanding and future path is also provided towards R&D, commercialization and knowledge spillovers; human capital investments; and informal institutions.
The European Union was created for the purpose of encouraging peace on the continent, but today is increasingly active globally in areas such as diplomacy, development, humanitarian and consular aid, and civilian and military crisis management. Yet we know little about the forces that drive the Union to interact, influence and intervene outside its borders. This book offers a new theoretical perspective that explains how EU collective action is driven by practice, such as diplomatic routines and crisis management procedures. Using global case studies, Ekengren shows how the EU's representatives perform these routines, or transnational practices, across particular 'locales' around the globe, from Kosovo to Haiti. By connecting transnational and local forces in the explanation of EU foreign policy action, he presents an outline of a practice theory of translocal action. Scholars, policymakers and journalists will find this theoretically ground breaking book essential in understanding the European Union's foreign policy.
This book develops a method called intimate reading to investigate how ordinary readers are deeply moved by what they read, and the transformative impact such experiences have on their sense of self. The book presents unique narratives of such experiences and suggests a theory of transformative affective patterns that may form the basis of an affective literary theory.
This open access book builds on the European Union’s (EU) Horizon 2020 project ‘Financial and Institutional Reforms for an Entrepreneurial Society’ (FIRES). The authors outline how Europe can move towards more inclusive, innovative and sustainable growth through reforms that will rekindle its entrepreneurial spirit. Based on decades of research and countless discussions with stakeholders, the book also features the FIRES project’s full list of policy interventions and institutional reforms that can help policymakers make that agenda a reality.
Security Sector Reform (SSR) is increasingly becoming a cornerstone in international security and development cooperation. Indeed, the concept has often been seen as a panacea for many of the biggest threats to the world such as failed states, terrorism and poverty. In particular, this book focuses on the complexities of implementation of SSR across the globe and the actual and potential role for the European Union (EU) to play in SSR. As suggested in the title of the book, this involves not only opportunities, but challenges to be overcome as well. There are three core themes to this book: Policy, Policies and Practice. By presenting the themes in this particular order a greater appreciation of the influences on the process of SSR, from conception to implementation is relayed to the reader. This volume appeals to audiences interested in the EU as a global actor and the interrelationships between foreign, security, defence and development policies.
Based on a reading of contemporary philosophical arguments, this book accounts for how punishment has provided audiences with pleasure in different historical contexts. Watching tragedies, contemplating hell, attending executions, or imagining prisons have generated pleasure, according to contemporary observers, in ancient Greece, in medieval Catholic Europe, in the early-modern absolutist states, and in the post-1968 Western world. The pleasure was often judged morally problematic, and raised questions about which desires were satisfied, and what the enjoyment was like. This book offers a research synthesis that ties together existing work on the pleasure of punishment. It considers how the shared joys of punishment gradually disappeared from the public view at a precise historic conjuncture, and explores whether arguments about the carnivalesque character of cruelty can provide support for the continued existence of penal pleasure. Towards the end of this book, the reader will discover, if willing to go along and follow desire to places which are full of pain and suffering, that deeply entwined with the desire for punishment, there is also the desire for social justice. An accessible and compelling read, this book will appeal to students and scholars of criminology, sociology, philosophy and all those interested in the pleasures of punishment.
Revel in the bright lights of ABBA’s show-stopping musical career, and hear the whispers from the shadows that lurked behind. Bright Lights Dark Shadows: The Real Story of Abba is the first true, full-scale biography ever written about the band. With lucid prose and an inquisitive eye, author, Carl Palm, covers all aspects of the band’s lives and careers. The period before the group formed; their global domination throughout the 1970s; their marriages and divorces; their business empire and; their eventual, inevitable split.
‘Passing-on’ occurs when harm or loss incurred by a business is passed on to burden that business’s customers or the next level of the supply chain. In this thoroughly revised and updated second edition, the authors provide the only available comprehensive examination of passing-on in damages and restitution under EU law. The analysis covers a broad range of contexts including competition damages and the repayment of charges.
How is it possible to sell a kitchen at 30 per cent below market price? Why are hot dogs cheaper in IKEA than in the supermarket? How can IKEA sell the Lack table at half the price it was when it was launched 35 years ago and how can it be achieved with a substantial profit? Strategic Sourcing and Category Management examines how IKEA - and other cost leading companies - use category management to create advantages with direct and indirect sourcing. With 25 years' experience from IKEA, where he had the responsibility to develop and execute the company's purchasing strategy, author Magnus Carlsson shares his insights on important topics: when category management is profitable and why; how teams repeatedly create value and results; what the main approaches are in different categories; how a company implements category management; the difference between success and failure. In this new edition of Strategic Sourcing and Category Management, Magnus Carlsson has added new themes including examples and references from companies such as Maersk, Carlsberg, P&G and Aldi, illustrating the application of cost leadership that spans far beyond IKEA. Even there, the cost leadership lessons are not limited to home furnishings as the company is sourcing categories such as food, components, materials, transports and indirect materials, with a total purchasing spend of approximately €7 billion. But maybe even more importantly, the book illustrates how teams create value by thinking differently and asking the right questions, allowing an understanding that goes beyond mere tools and processes.
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