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Many studies have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. However, behavioral evidence is rare. This paper provides an empirical analysis on how individuals' relative income position affects their performance. Using a unique(More)
Objective. Do employees care about their relative (economic) position in comparison to their co-workers in an organization? And if so, does it raise or lower their per-formance? While the topic is widely discussed in the literature, behavioral evidence on these important questions is relatively rare. Methods. This article explores the pay-performance(More)
The experimental literature and studies using survey data have established that people care a great deal about their relative economic position and not solely, as standard economic theory assumes, about their absolute economic position. Individuals are concerned about social comparisons. However, behavioral evidence in the field is rare. This paper provides(More)
Today, there is no generally accepted concept for the comparative empirical exploration of strategy processes. The paper proposes a methodological approach that combines a number of established research methods. The six-step approach enables the researcher to identify turning points in strategic change processes from the outside-in as well as allowing him(More)
About the authors: Both authors worked several years as engagement managers for a leading strategy consulting firm. At the moment they are writing their professor thesis (" Habilitation ") at the European Business School in Oestrich Winkel (Schmidt) and the University of St. Gallen (Vogt). They lecture MBA and executive courses at various business schools(More)
  • S L Schmidt
  • 1996
This report illustrates the first step of a research project at the Institute of Business Research, University of Zurich, concerning quality improvement techniques in Swiss health care institutions. It endeavors to provide a forecast of further research activities. Apart from the analysis provided by the most recent follow-up on the National Demonstration(More)
The risk of external interventions crowding-out intrinsic motivation has long been established in economics. This paper introduces a new dimension by arguing that a crowding-out effect does become possible if individuals receive higher relative compensation. Using a unique, large data set that focuses on 26 seasons in basketball (NBA) we find empirical(More)
Null for their helpful comments. We would also like to express our thanks to the participants in seminars at the University of Gallen and the European Business School in 2003 for their helpful and supportive comments. We owe gratitude to the senior management of Novartis S.A. for their encouragement and the time they took to discuss our data with them. The(More)
A survey was mailed to 150 randomly-selected hospitals greater than 500 beds to determine: 1) the type of pharmacists currently in non-faculty clinical staff positions; and 2) to assess the hiring philosophy toward such positions. Seventy-two surveys were used to tabulate results. Fifty-eight per cent of the non-faculty clinical positions in the(More)