Bocconi University Management & Technology Research Paper Series最新文献

Michelin Is Coming to Town: Organizational Responses to Status Shocks 米其林来了:组织对地位冲击的反应

Bocconi University Management & Technology Research Paper Series Pub Date : 2021-07-13 DOI: 10.1287/mnsc.2021.4210

Saverio Dave Favaron, G. D. Stefano, Rodolphe Durand

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引用次数: 5

When Do Outside CEOs Underperform? From a CEO-centric to a Stakeholder-centric Perspective of Post-succession Performance 外部ceo何时表现不佳?从以ceo为中心到以利益相关者为中心的继任后绩效视角

Bocconi University Management & Technology Research Paper Series Pub Date : 2021-07-05 DOI: 10.5465/AMJ.2018.1087

T. Keil, Dovev Lavie, S. Pavićević

引用次数: 5

High-Status Affiliations and the Success of Entrants: New Bands and the Market for Live Music Performances, 2000-2012 高地位从属关系和进入者的成功:新乐队和现场音乐表演市场，2000-2012

Bocconi University Management & Technology Research Paper Series Pub Date : 2019-10-13 DOI: 10.2139/ssrn.3549155

Alessandro Piazza, Damon J. Phillips, F. Castellucci

{"title":"High-Status Affiliations and the Success of Entrants: New Bands and the Market for Live Music Performances, 2000-2012","authors":"Alessandro Piazza, Damon J. Phillips, F. Castellucci","doi":"10.2139/ssrn.3549155","DOIUrl":"https://doi.org/10.2139/ssrn.3549155","url":null,"abstract":"Newcomers often have trouble being taken seriously, or even noticed in the first place. This challenge, often referred to as the “liability of newness” (Freeman et al. 1983, Stinchcombe 1965), underscores the idea that to survive and thrive, new entrants must be recognized as legitimate by their audiences — employees, investors, customers, analysts, or simply followers. One way for new entrants to gain legitimacy is by leveraging affiliations. Such connections can increase the likelihood that the new entrant will be recognized as legitimate because they can affect whether audiences notice the new entrant, thereby allowing for its evaluation, such that affiliations act as market signals (Kim and Jensen 2013, Spence 1974). In this regard, a sizeable literature has looked at whether and how affiliations can enhance a new entrant’s visibility, with a particular focus on prominent affiliates (Chen et al. 2008, Jensen 2003, Pollock et al. 2010). A recurring line of argument in this area draws from the literature on social capital (Adler and Kwon 2002, Coleman 1988) to suggest how affiliations are assumed to provide distinct advantages to new entrants by acting as attention filters (Benjamin and Podolny 1999), providing them with access to information or resources (Ingram and Baum 1997, Podolny 2001), and shielding them from failure (Fischer and Pollock 2004, Miner et al. 1990). Furthermore, prominent affiliates often have signaling value, functioning as endorsements to actors who need legitimacy such as newlyestablished organizations like startups (e.g. Stuart et al. 1999). In other words, an affiliation “between two market actors is an informational cue on which others rely to make inferences about the underlying quality of one or both of the market actors” (Podolny 2001: 34).","PeriodicalId":165679,"journal":{"name":"Bocconi University Management & Technology Research Paper Series","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128283164","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

The Origins of Firm Strategy: Learning by Economic Experimentation and Strategic Pivots in the Early Automobile Industry 企业战略的起源:早期汽车工业的经济实验和战略支点的学习

Bocconi University Management & Technology Research Paper Series Pub Date : 2019-09-19 DOI: 10.2139/ssrn.3484764

Sandeep D. Pillai, Brent D. Goldfarb, D. Kirsch

{"title":"The Origins of Firm Strategy: Learning by Economic Experimentation and Strategic Pivots in the Early Automobile Industry","authors":"Sandeep D. Pillai, Brent D. Goldfarb, D. Kirsch","doi":"10.2139/ssrn.3484764","DOIUrl":"https://doi.org/10.2139/ssrn.3484764","url":null,"abstract":"We explore the effectiveness of economic experimentation as a learning mechanism through a historical exploration of the early automobile industry. We focus on a particular subset of economic experiments, called strategic pivots, that requires irreversible firm commitments. Our quantitative analysis suggests that strategic pivoting was associated with success. We then use historical methods to understand whether this association is reasonably interpreted as a causal link. We identify lessons that could only plausibly have been learned through strategic pivoting and document that those firms that were able to learn from the strategic pivots were most likely to succeed. We discuss the generalizability of our findings to build the hypothesis that strategic pivots and economic experiments originate firm strategy. <br><br>We explore the effectiveness of experimentation as a learning mechanism through a historical exploration of the early automobile industry. We focus on a particular subset of experiments, called strategic pivots, that requires irreversible firm commitments. Our analysis suggests that strategic pivoting was associated with success. We identify lessons that could only plausibly be learned through strategic pivoting and document that those firms that were able to learn from the strategic pivots were most likely to succeed. Even though firms may use lean techniques, market solutions may only be discovered through with strategic pivots whose outcomes are unknowable ex-ante. Therefore, successful strategies reflect an element of luck.","PeriodicalId":165679,"journal":{"name":"Bocconi University Management & Technology Research Paper Series","volume":"212 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116869900","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 41

The Interplay of Competition and Cooperation 竞争与合作的相互作用

Bocconi University Management & Technology Research Paper Series Pub Date : 2018-10-01 DOI: 10.1002/SMJ.2965

W. H. Hoffmann, Dovev Lavie, J. Reuer, A. Shipilov

引用次数: 201