A key finding in the literature on industry evolution and strategy is that knowledge "inherited" from the founder's previous employer can be an important source of a new firm's capabilities. We analyze the conditions under which knowledge that is useful for carrying out a key value chain activity is inherited, and explore the mechanism through which such an inheritance shapes an entrant's strategies and, in the process, influences its performance. Evidence from the early U.S. auto industry indicates that employee spinoffs generated from incumbents that had integrated a key value chain activity were also more likely to integrate that activity than other entrants, which, we suggest, reflects the application of knowledge inheritance relative to that activity. Moreover, we find that the integration of this key activity, stimulated by knowledge inheritance, contributed to the establishment of defensible strategic positioning, thereby enhancing the survival duration of inheriting spinoffs. We thus link together the phenomena of knowledge inheritance, vertical integration, and strategic positioning to explain entrant performance. These three phenomena tend to be treated disparately in the literature, rather than in combination.

Effectively capturing opportunities requires rapid decision-making. We investigate the speed of opportunity evaluation decisions by focusing on firms' venture termination and venture advancement decisions. Experience, standard operating procedures, and confidence allow firms to make opportunity evaluation decisions faster; we propose that a firm's attentional orientation, as reflected in its project portfolio, limits the number of domains in which these speed-enhancing mechanisms can be developed. Hence firms' decision speed is likely to vary between different types of decisions. Using unique data on 3,269 mineral exploration ventures in the Australian mining industry, we find that firms with a higher degree of attention toward earlier-stage exploration activities are quicker to abandon potential opportunities in early development but slower to do so later, and that such firms are also slower to advance on potential opportunities at all stages compared to firms that focus their attention differently. Market dynamism moderates these relationships, but only with regard to initial evaluation decisions. Our study extends research on decision speed by showing that firms are not necessarily fast or slow regarding all the decisions they make, and by offering an opportunity evaluation framework that recognizes that decision makers can, in fact often do, pursue multiple potential opportunities simultaneously.

When you think of punk rock, your mind might jump to rebellious music, hardcore shows, & underground clubs—not the firearms industry. However, for KAK Industry...

PUTRAJAYA: Active collaboration from industry players is needed for the Technical and Vocational Education and Training (TVET) institution to offer programmes that are of a higher quality and more relevant to market needs.

Deputy Prime Minister Datuk Seri Fadillah Yusof said strong cooperation between the industry players and the TVET institution was crucial to ensure the comprehensive matching of demand and supply.

He said consistent input from the industry players on the workforce skills and needs was also needed by the TVET institution to develop suitable curricula and programmes.

“Forging close cooperation with industry players can create a new skilled workforce to master the latest technology, which will have a spillover effect on encouraging economic growth.

“I call for the active involvement of industry players in Malaysia to collaborate with the government in supporting the agenda to empower TVET,” he said at the 2024 Prime Minister’s Gold Hand Award and Skilled Person Award ceremony here today.

Meanwhile, Fadillah said the government is aware that the TVET stream in Malaysia needs to be improved for it to be more systematic and effective.

He said the organisation of skills competitions was one of the government’s efforts to promote and ensure the quality of delivery of TVET training in Malaysia is in line with international standards.

“I call on all TVET agencies to hold skills competitions at institutional levels so that we can pick the best talent for national and international-level competitions,” he said.

In his speech, Fadillah also thanked and congratulated the national contingent which made sure the Jalur Gemilang was hoisted proudly at the WorldSkills Competition Lyon 2024 at the Euroexpo Lyon in France from Sept 10-15.

In the competition, Malaysia, represented by 15 participants across 14 categories, captured five medals - one bronze medal in the Beauty Therapy category through Wong Hsun Wei and four Medallion for Excellence.

The four Medallion for Excellence recipients were Muhammad Nasran Ahmad in the Hairdressing category; Ahmad Muizuddin Mohd Razi in the Bricklaying category; Muhammad Hakimi Abu Bakar in Electrical Installations; and Stephen Sim Shan Siong in the IT Software Solutions for Business category.

The Department of Trade and Industry probe into the rising influx of imported cement is seen as essential for strengthening the struggling local cement industry that has faced increasing competition from imports.

The Nobel laureate emphasised the importance of supporting Pakistani films and dramas to encourage the industry.

WJAP, Freedom Network report reveals share of women journalists at news outlets is only 11%

The SETAC Europe 25^th Annual Meeting will be held in Barcelona, Catalonia, Spain, from 3-7 May 2015.  

The innovative use of chemicals and nanomaterials in new technologies, industry and agriculture challenges many aspects of the ecosystem functioning of the global environment. However, these new technologies and materials also offer opportunities to remediate or minimise these anthropogenic insults. Finding innovative solutions to environmental problems is ever more important in the current economic scenario.  This international conference brings together experts from government, industry, consultancy and academia to meet this challenge. The conference will focus on the most recent advances in environmental sciences and will provide platforms for implementing this knowledge, for improving the protection of our environment and to shape policies from current viewpoints to future needs.

Learn more here: http://barcelona.setac.eu/general_info/welcome!/?contentid=790&pr_id=766&last=769&sub=790

With over 1,000 years of collective industry experience among them, Ram Board, Surface Shields, Trimaco and Antinox are united under one parent brand: Icon Protection.

The International Fire Code requires annual visual inspection of all fire-resistance-rated assemblies and the protection features – firestopping included. Fire doors can be the entry to building owners to help them satisfy the annual visual inspection requirement in NFPA 80 and the International Fire Code.

The new tax law could mean a boom for certain industries.

The Gypsum Association and its member companies are committed to sustainability, and now, our industry is embracing another opportunity to contribute to a greener world.

The American Concrete Institute recognized several professionals, groups and companies for their outstanding contributions and dedication to ACI and the concrete industry.

Industry change can come at any time, so it pays to be ready.

The Center for the Polyurethanes Industry announced Oct. 2 that The 2023 End-Use Market Survey on the Polyurethanes Industry in the United States, Canada and Mexico is now available for purchase from the ACC store.

Prefab construction is here, and it’s happening. The combination of a severe labor shortage and extreme shortfalls in housing supply is driving a renewed interest in prefabricated construction as a more cost-efficient alternative to traditional building.

Without question, the building and construction industry has been impacted by the COVID-19 outbreak. Approximately 1.1 million construction jobs were eliminated in the first two months of the pandemic prior to the industry’s designation as “essential.” While the industry has recouped nearly 80 percent of its workforce since then, companies will need to hire another 1 million workers over the next two years to meet the country’s insatiable demand for new home construction and improvement.

TYPAR is introducing the industry’s first clear acrylic flashing. This game-changing product was developed in response to evolving builders’ needs and emerging building code changes requiring better visibility of the nail and screw-fin patterns on windows during window installations and inspections.

S-5!, together with National Women in Roofing, is sponsoring a new scholarship program to empower women who wish to pursue educational opportunities in the skilled trades. The initiative aims to support women in their journey toward successful careers in the trades and contributing to the overall advancement of the construction industry.

The emergence of manufactured stone has provided plasterers with a viable (and good looking) niche market.

The Portland Cement Association, representing America’s cement manufacturers, demonstrated the cement industry’s commitment to carbon neutrality to key executive branch decision-makers at the White House’s Concrete Innovation Summit – as well as outlined what steps must be taken to further reduce cement sector emissions.

EIMA announced the launch of its newly redesigned website. The modern, user-friendly platform is set to become the go-to resource for the Exterior Insulation and Finish Systems industry, providing an extensive array of technical resources, advocacy tools, educational materials and a gallery showcasing exemplary EIFS projects.

EIMA announced the release of a series of technical bulletins, meticulously crafted by the members of its technical and research advocacy working group. The bulletins are a testament to the commitment and expertise of EIMA in advancing the knowledge and application of Exterior Insulation and Finish Systems.

The ruling from the U.S. Court of Appeals for the District of Columbia upholds the lower permissible exposure limit in OSHA’s updated silica rule. Supporters of the rule call the court’s decision a “huge victory” for workers, while opponents say it disregards “legitimate concerns.”

Washington — OSHA has released initial enforcement guidelines for the Respirable Crystalline Silica Standard for general industry and maritime, a couple of weeks before many of the rule’s provisions are scheduled to go into effect.

Washington — OSHA has published answers to a list of frequently asked questions regarding the agency’s respirable crystalline silica standard for general industry.

On Oct. 2, the Center for the Polyurethanes Industry of the American Chemistry Council announced the recipients of two prestigious industry awards – the 2024 Polyurethane Innovation Award and the 2024 Distinguished Leadership Award.

One thing is clear: Silicon Valley is high on the future of construction technology.

With the construction industry undergoing major changes, it might be time to start hiring some tech-savvy individuals.

The New York chapter of Professional Women in Construction, a nonprofit organization that supports career-minded women and works to promote diversity within the architecture, engineering, construction and related industries, held its annual Salute to Women of Achievement on Sept. 18, recognizing professionals at the highest levels of the AEC industry.

Despite slip and fall accidents accounting for 15 percent of all accidental deaths in the United States, second only to motor vehicle accidents, there is a growing yet dangerous trend to eliminate the most critical measurement to prevent slips on hard-walkway surfaces.

Hyattsville, MD — Workers in protective services had the highest rate of COVID-19 deaths in 2020, according to a recently published report from the Centers for Disease Control and Prevention.

Baton Rouge, LA – Service industry workers in Louisiana report a higher prevalence of poor health, chronic health conditions, and risk factors such as smoking and binge drinking than all other workers in the state, according to an analysis conducted by the state’s Occupational Health and Injury Surveillance Program.

Washington — The American Hotel and Lodging Association and five major corporations have announced their commitment to improve employee safety in the industry, including measures designed to prevent and respond to sexual harassment and assault.

Washington — A total of 73 U.S. hotel companies have committed to the “5-Star Promise” – a pledge to improve employee safety in the industry, including measures designed to prevent and respond to sexual harassment and assault – since its launch in September 2018, the American Hotel and Lodging Association has announced.

Washington — Aimed at protecting restaurant/food and beverage workers from exposure to COVID-19, a new OSHA safety alert lists measures employers should take during the pandemic.

Pittsburgh — The United Steelworkers is calling on the paper industry to protect its workers against fungal infections – one of which has proved deadly.

I own a cannabis business. What chemical hazards are my employees exposed to, and how can I assess and prevent health and safety risks?

The SK-12 Safety Knife for the food industry has a unique stainless steel design to ensure easy detectability.

The time certainly is ripe for security industry businesses that are involved in sustainability. First movers are blazing a profitable path to the sustainable future and demonstrating the value of going green to companies that are preparing to dive into what will soon be the “new normal.”

Arlington, VA — A new online tool provides a look at the economic and safety impacts of the safety equipment industry last year in the United States.

Throughout the channel and around the industry, security just keeps getting greener all the time.

Los Angeles – The Los Angeles garment manufacturing industry – the nation’s largest cut-and-sew apparel base – is “plagued by workplace violations and marked by a lack of worker protections,” according to a new report released by the Garment Worker Center, the UCLA Labor Center and UCLA Labor Occupational Safety and Health.

At ISC West 2023 at Booth #10037, i-PRO Co. Ltd., a global leader in professional security solutions for surveillance and public safety, further expands its multi-sensor camera lineup with six new dual-sensor models.

Security dealers and integrators look back at 2022 and forward to expectations for 2023

Diversity, equity and inclusion is a key initiative that can help the security industry with its talent shortage.

The Electronic Security Association (ESA) presented a virtual town hall recently during which Michael Barnes presented an alarm industry update that, for the most part, signaled a rising tide, post pandemic.

As members of the security industry, there are many little things we can do to help lighten our footprint and become more eco-friendly.

Dave Engebretson explains the benefits of online security training when in-person instruction is not possible.

In this blast from the past, Dave Engebretson revisits a column from November 2014.