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Active investment management is in a fight for competitive survival. Excellent idea generation will succeed only if the process is implemented effectively. The markets are where "the rubber meets the road," and effective trading forms the foundation for securing the benefits of excellent research and strategy.

AbstractThis paper provides a knowledge‐based perspective to understanding public value management (PVM). As distinct from other approaches to public administration, PVM focuses on collaborative capacity building for the creation of public value. To develop the notion of PVM further, we explore the role of a knowledge‐based strategy in a case study of change implementation in 18 disability service organisations in Western Australia. Our findings show important inter‐relationships between knowledge management strategy, adopting a person‐centred approach to service provision, and sustainability of change implementation. We discuss the implications of the study for disability sector change management and for the further exploration of the strategic role of knowledge management capabilities in the study and practice of PVM in public sector administration. The paper explores the relationship between an organisation's knowledge capture and sharing systems and processes and its ability to implement change in a way that generates long‐term benefits for both public sector employees (e.g., engaging with key stakeholders to generate innovative solutions for serving client needs) and clients (i.e., increased well‐being through better service design and support).

This paper contributes to the study of public value management (PVM). PVM is distinguished from other approaches to public administration in its focus on establishing community networks and collaborative capacity building for the creation of public value. We explore PVM through a case study of a public–community sector partnership strategy called the positive behaviour framework (PBF), a state government initiative designed to transform services for people with disabilities. The development and implementation of the PBF is analysed via a transitional change or 'sector awareness' model. Each phase of the model is illustrated through 'positive stories' that depict key moments in the change process and in the activities that public sector managers employed to raise awareness, build capacity, and promote collaboration. We discuss the implications of the study for disability sector change management and for the further study of the PVM approach to public sector administration.

Abstract  Economic and demographic changes in rural areas continue to introduce big‐city problems in small towns. These communities' ability and willingness to respond are likely to be influenced by the geography, culture, and array of organizations in rural places. But how these characteristics of rural places shape local response is hard to predict and as yet unexplored. This article reports data from interviews with social‐service providers and homeless youth in a rural county in the northwestern United States, drawing insights from both groups about the challenges of providing social services in rural places. Findings about drug use, sexual abuse and prostitution in rural communities illustrate how aspects of a rural context can influence the way small towns address social problems.

Objective. We estimate a model of social‐psychological determinants of entry into Aid to Families with Dependent Children (AFDC), the primary cash welfare program in the United States until 1996. Methods. Using information from the youngest cohorts of the National Longitudinal Survey of Youth, we estimate logit models of the probability of ever participating in AFDC and hazard models of the timing until first use of AFDC. Results. We find strong associations between welfare use and several attitudes and personality characteristics, but with two exceptions, most of the associations are not robust to the inclusion of exogenous background characteristics. There is consistent, strong evidence that positive attitudes toward school lower the likelihood of using welfare and increase duration until first receipt. Family background and social environment characteristics show strong robust effects. Conclusions. Our results point to relatively weak evidence for the hypothesis that individual attitudes in adolescence have a significant impact on initial welfare receipt.

Objective. We estimate a model of social-psychological determinants of entry into Aid to Families with Dependent Children (AFDC), the primary cash welfare program in the US until 1996. Methods. Using information from the youngest cohorts of the National Longitudinal Survey of Youth, we estimate logit models of the probability of ever participating in AFDC & hazard models of the timing until first use of AFDC. Results. We find strong associations between welfare use & several attitudes & personality characteristics; however, with two exceptions, most of the associations are not robust to the inclusion of exogenous background characteristics. There is consistent, strong evidence that positive attitudes toward school lower the likelihood of using welfare & increase duration until first receipt. Family background & social environment characteristics show strong robust effects. Conclusions. Our results point to relatively weak evidence for the hypothesis that individual attitudes in adolescence have a significant impact on initial welfare receipt. 3 Tables, 1 Appendix, 33 References. Adapted from the source document.

The literature shows that African-Americans live in lower-quality residential environments than their socioeconomic status would predict. Researchers suggest that African-Americans move within cities less often than whites and/or improve their residential environments less when moving. Alternatively, African-Americans might move as frequently as whites and improve their residential environments as much when they move, but they operate from an initial lower level of quality. The authors examine these possibilities in this article. Their data indicate that African-Americans have a lower rate of intraurban residential mobility and improve their residential environments less when they move.

Managers and work design engineers seek to improve productivity while maintaining sustainable and viable organizations. This study provides new information for such practitioners to do that while informing theoretical reflections on what constitutes "good work". Using an inductive qualitative approach, we describe results of a study of 30 in-depth interviews with full-time workers in the Western United States representing a wide range of occupations. We allow workers to generate their concepts about what constitutes good work and compare this with their reactions to prompts derived from existing research. The three most common job characteristics that workers say are important are (1) positive interactions with people, (2) work that provides social value, and (3) control over work. This study adds to extant quantitative studies of work design characteristics because it provides workers' spontaneous yet coherent perspectives and demonstrates where those agree or not with prior findings. For example, our study reveals that workers strongly distinguish between two kinds of feedback at work: feedback from impersonal systems (e.g., equipment displays) and feedback from managers and other employees. Our study also finds newly emerging characteristics that have yet to be adequately addressed in assessing "good work": effective and ethical management, job stability, and mutual trust.

Using data from the youngest cohorts of women in the National Longitudinal Survey of Youth, this study constructs Aid to Families with Dependent Children (AFDC) histories starting at age 15. Most young women go on AFDC for the first time between ages 18 & 25 & do so in the first few years after the birth of their first baby. These histories are used to estimate models of the determinants of initial use of AFDC. The models provide mixed evidence that the financial or other incentives of welfare policy affect the likelihood & timing of AFDC use. Benefit levels do not seem to affect participation, but the presence of a program for medically needy families who are not on welfare appears to decrease entrance to welfare for some groups. Parental poverty, family structure, academic achievement, attitudes toward school, & race are significantly related to the likelihood of participating in AFDC, & the rate of entry. 6 Tables, 2 Figures, 31 References. [Copyright 2000 John Wiley and Sons, Ltd.]

This book tells the stories of regenerative organizations and the people who have guided them towards sustaining futures. We uncover the processes involved in developing and running regenerative businesses, and provide practical examples of how individuals can voice their convictions and create new ways of doing business.