Measuring sustained superior performance at the firm level

This paper proposes a two-dimensional Strategic Performance Measure (SPM) to evaluate the achievement of sustained superior performance. This proposal builds primarily on the fact that, under the strategic management perspective, a firm's prevalent objective is the pursuit of sustained superior performance. Three basic conceptual dimensions stem from this objective: relativity, sign dependence, and dynamism. These are the foundations of the SPM, which carries out a separate evaluation of the attained superior performance and of its sustainability over time. In contrast to existing measures of performance, the SPM provides: (i) a dynamic approach by considering the progress or regress in performance over time, and (ii) a cardinal measurement of performance differences and its changes over time. The paper also proposes an axiomatic framework that a measure of strategic performance should comply with to be theoretically and managerially sound. Finally, an empirical illustration of the Spanish banking sector during 1987-1999 is herein provided by discussing some relevant case

Effect of magnesium sulphate and L-tryptophan and genotype on the feed intake, behaviour and meat quality of pigs

Sixty-nine entire male pigs with different halothane genotype (homozygous halothane positive – nn-, n=36; and homozygous halothane negative – NN-, n=33) were fed with a supplementation of magnesium sulphate (Mg) and/or L-tryptophan (Trp) in the diet for 5 days before slaughter. Animals were housed individually and were submitted to stressful ante mortem conditions (mixed in the lorry according to treatments and transported 1h on rough roads). Individual feed intake was recorded during the 5-day treatment. At the abattoir, pig behaviour was assessed in the raceway to the stunning system and during the stunning period by exposure to CO2. Muscle pH, colour, water holding capacity, texture and cathepsin activities were determined to assess meat quality. The number of pigs with an individual feed intake lower than 2kg/day was significantly different among diets (P<0.05; Control: 8.7%; Mg&Trp: 43.5%; Trp: 17.4%) and they were considered to have inadequate supplement intake. During the ante mortem period, 15.2% of pigs included in the experiment died, and this percentage decreased to 8.7% in those pigs with a feed intake > 2kg/day, all of them from the stress-sensitive pigs (nn). In general, no differences were observed in the behaviour of pigs along the corridor leading to the stunning system and inside the CO2 stunning system. During the stunning procedure, Trp diet showed shorter periods of muscular excitation than control and Mg&Trp diets. The combination of a stressful ante mortem treatment and Mg&Trp supplementation led to carcasses with high incidence of severe skin lesions. Different meat quality results were found when considering all pigs or considering only those with adequate supplement intake. In this later case, Trp increased pH45 (6.15) vs Control diet (5.96) in the Longissimus thoracis (LT) muscle (P<0.05) and pH at 24h (Trp: 5.59 vs C: 5.47) led to a higher incidence of dark, firm and dry (DFD) traits in SM muscle (P<0.05). Genotype affected negatively all the meat quality traits. Seventy-five percent of LT and 60.0% of the SM muscles from nn pigs were classified as pale, soft and exudative (PSE), while none of the NN pigs showed these traits (P<0.0001). No significant differences were found between genotypes on the incidence of DFD meat. Due to the negative effects observed in the Mg&Trp group in feed intake and carcass quality, the utilization of a mixture of magnesium sulphate and tryptophan is not recommended

Serviceability behaviour of fibre reinforced polymer reinforced concrete beams

El uso de materiales compuestos de matriz polimérica (FRP) emerge como alternativa al hormigón convencionalmente armado con acero debido a la mayor resistencia a la corrosión de dichos materiales. El presente estudio investiga el comportamiento en servicio de vigas de hormigón armadas con barras de FRP mediante un análisis teórico y experimental. Se presentan los resultados experimentales de veintiséis vigas de hormigón armadas con barras de material compuesto de fibra de vidrio (GFRP) y una armada con acero, todas ellas ensayadas a flexión de cuatro puntos. Los resultados experimentales son analizados y comparados con algunos de los modelos de predicción más significativos de flechas y fisuración, observándose, en general, una predicción adecuada del comportamiento experimental hasta cargas de servicio. El análisis de sección fisurada (CSA) estima la carga última con precisión, aunque se registra un incremento de la flecha experimental para cargas superiores a las de servicio. Esta diferencia se atribuye a la influencia de las deformaciones por esfuerzo cortante y se calcula experimentalmente. Se presentan los aspectos principales que influyen en los estados límites de servicio: tensiones de los materiales, ancho máximo de fisura y flecha máxima permitida. Se presenta una metodología para el diseño de dichos elementos bajo las condiciones de servicio. El procedimiento presentado permite optimizar las dimensiones de la sección respecto a metodologías más generales.