Long Range Planning最新文献

Outside vs. inside succession: Environmental and organizational contexts, strategic decision, and firm performance 外部继任与内部继任：环境和组织背景、战略决策和公司业绩

IF 7.4 2区管理学

Long Range Planning Pub Date : 2024-11-17 DOI: 10.1016/j.lrp.2024.102485

Chung-Jen Chen , You-Xiang Song , Bo-Kai Chow

引用次数: 0

Inward internationalization and cross border acquisitions by emerging economy multinational enterprises: The moderating role of family and institutional ownership 新兴经济体跨国企业的内向国际化和跨境收购：家族所有权和机构所有权的调节作用

IF 7.4 2区管理学

Long Range Planning Pub Date : 2024-11-16 DOI: 10.1016/j.lrp.2024.102486

Sharmistha Chowdhury , Revti Raman Sharma , Yang Yu

{"title":"Inward internationalization and cross border acquisitions by emerging economy multinational enterprises: The moderating role of family and institutional ownership","authors":"Sharmistha Chowdhury , Revti Raman Sharma , Yang Yu","doi":"10.1016/j.lrp.2024.102486","DOIUrl":"10.1016/j.lrp.2024.102486","url":null,"abstract":"<div><div>Mergers and acquisitions are a complex and persistent global phenomenon. Theoretical cross-fertilization enhances our understanding of their behavior, especially in different contexts. We use organizational learning theory and institutional logic perspective to hypothesize the direct effect of inward internationalization, the negative moderating effect of family ownership and domestic institutional ownership, and the positive moderating effect of foreign institutional ownership on cross-border acquisitions (CBAs) by emerging economy multinational enterprises (MNEs). Based on data from 199 Indian MNEs over nine years consisting of an unbalanced panel with 1619 observations, our findings supported all the hypotheses except the moderating effects of domestic institutional ownership. Our findings explain that the impact of learning from inward internationalization on CBAs is not similar for all firms; rather, it depends upon ownership groups because of their institutional logic. We have proposed socioemotional wealth logic for family ownership, cautious fosterer logic for domestic institutional ownership, and yield maximizer logic for foreign institutional ownership. Our findings enhance our understanding of firms’ CBA behavior by utilizing theoretical cross-fertilization and examining CBAs in an emerging economy context.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 1","pages":"Article 102486"},"PeriodicalIF":7.4,"publicationDate":"2024-11-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142696385","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Meaning is in the eye of the beholder: Reconciling business model design with customer meaning-making 意义在眼中：商业模式设计与客户意义创造之间的协调

IF 7.4 2区管理学

Long Range Planning Pub Date : 2024-10-31 DOI: 10.1016/j.lrp.2024.102484

Silvia Sanasi , Federico Artusi , Emilio Bellini , Antonio Ghezzi

{"title":"Meaning is in the eye of the beholder: Reconciling business model design with customer meaning-making","authors":"Silvia Sanasi , Federico Artusi , Emilio Bellini , Antonio Ghezzi","doi":"10.1016/j.lrp.2024.102484","DOIUrl":"10.1016/j.lrp.2024.102484","url":null,"abstract":"<div><div>To remain competitive in a shifting sociocultural landscape, firms often introduce new meanings—new reasons why customers use their products or services—that must be embedded into their strategy. However, customers are active participants in value creation processes, rather than passive recipients. This is especially true in services, where value is created in the interaction between provider and consumer. When designing business models, firms must thus consider customers’ meaning-making activities, which are highly subjective and influenced by cultural frames and personal characteristics. Yet, the business model literature has largely overlooked how firms design business models to articulate new meanings and shape customer perceptions. In this study, we explore the role of business model design in determining how firms articulate new meanings that customers subsequently perceive. We present a comparative case study of two store concepts developed by the same entrepreneur, both introducing the same new meanings. Through in-depth interviews with the founder and CEO, in-store observations, and archival data, we analyze their strategy for introducing new meanings. Additionally, we apply topic modeling to online reviews to examine how customers interpreted these new meanings. Our findings suggest that firms can shape customer perceptions of new meanings through business model design, particularly by leveraging value creation mechanisms tied to value delivery. This study enriches the business model design literature and connects it to the innovation of meaning discourse. It also offers practitioners insights into how to use firm strategy to convey intended meanings to customers.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 6","pages":"Article 102484"},"PeriodicalIF":7.4,"publicationDate":"2024-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142655721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Too much of a good thing: Addressing the shape of relationship between positive media sentiment and IPO performance 好事多磨：探讨媒体正面情绪与 IPO 表现之间的关系形式

IF 7.4 2区管理学

Long Range Planning Pub Date : 2024-10-20 DOI: 10.1016/j.lrp.2024.102483

Jiaju Yan , Lei Xu , Rhonda K. Reger , Codou Samba

引用次数: 0

Opening up emotionally: How top managers use peripheral actors' emotional expressions during inclusive strategy formulation 情感开放：高层管理者如何在包容性战略制定过程中利用外围参与者的情感表达

IF 7.4 2区管理学

Long Range Planning Pub Date : 2024-10-12 DOI: 10.1016/j.lrp.2024.102482

Christopher Golding , Josh Morton , Aljona Zorina

{"title":"Opening up emotionally: How top managers use peripheral actors' emotional expressions during inclusive strategy formulation","authors":"Christopher Golding , Josh Morton , Aljona Zorina","doi":"10.1016/j.lrp.2024.102482","DOIUrl":"10.1016/j.lrp.2024.102482","url":null,"abstract":"<div><div>In this paper, we build theory concerning how top managers can capture and use the emotional expressions of peripheral actors—actors who are not typically involved in strategy—to help them formulate strategy, using a real-time case. We show how the existence of emotional tumult amongst peripheral actors can force top managers to reassess strategy and engage in ‘emotion processing.’ Through three inter-related processes—canvassing, harnessing, and integrating—top managers are able to solicit emotional expressions from peripheral actors and understand them in such a way that they provide top managers with information regarding the appropriateness of their strategic decisions and directions, as they formulate strategy inclusively. Top managers consider the ‘emotional volume’ of issues that are raised by peripheral actors, in terms of how frequently and emotionally they are expressed, allowing them to determine which issues demand attention and action. When peripheral actors express positive emotions, it signals approval of and support for strategy, whereas expressions of negative emotion can indicate the existence of problems and a need for top managers to adjust the contents of strategy. This study has important implications for the literature on strategy formulation and emotion, elucidating how emotional expressions of those outside the organizational upper echelons can be used as an informational resource during strategy formulation.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 6","pages":"Article 102482"},"PeriodicalIF":7.4,"publicationDate":"2024-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142530297","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

To attack or not attack? The role of relative status, awareness, and motivation 攻击还是不攻击？相对地位、意识和动机的作用

IF 7.4 2区管理学

Long Range Planning Pub Date : 2024-10-01 DOI: 10.1016/j.lrp.2024.102481

Tejaswi Channagiri , Walter J. Ferrier , Rhonda K. Reger

{"title":"To attack or not attack? The role of relative status, awareness, and motivation","authors":"Tejaswi Channagiri , Walter J. Ferrier , Rhonda K. Reger","doi":"10.1016/j.lrp.2024.102481","DOIUrl":"10.1016/j.lrp.2024.102481","url":null,"abstract":"<div><div>Competitive dynamics research has often used the AMC framework—awareness, motivation, and capability—to explain how different factors influence the identification of specific other firms as competitors and the likelihood of future competitive interactions with them. However, this stream of research has largely overlooked the role of social evaluations in determining which firms are targeted. We study how a specific form of social evaluation—relative status—impacts the firm's awareness of specific competitors and the motivation to attack them. Whereas prior research has principally viewed the AMC framework as a Gestalt-like black box, our research setting enabled us to measure and explore the interrelationships that occur <em>within</em> the AMC framework. We pose our theory as competing logics: Awareness mediates the relationship between relative status and motivation versus relative status moderates the relationship between awareness and motivation. We tested these competing arguments using a unique dataset of food trucks in a mid-sized city in the U.S. We find that low-status firms exhibit a strong motivation to attack higher-status competitors primarily due to the greater attention the high-status firms garner. Further, we find no support for a moderation effect. Our study helps arrive at a better understand the interplay between awareness and motivation in the context of social evaluations.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 6","pages":"Article 102481"},"PeriodicalIF":7.4,"publicationDate":"2024-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142572270","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

An evolutionary perspective on capabilities for fluid product-markets: The contingent effects of routinization and renewal in marketing, R&D, and operations 从进化角度看流动产品市场的能力：营销、研发和运营中常规化和更新的权变效应

IF 7.4 2区管理学

Long Range Planning Pub Date : 2024-09-21 DOI: 10.1016/j.lrp.2024.102480

Kerry Hudson , V. Kumar , Robert E. Morgan

{"title":"An evolutionary perspective on capabilities for fluid product-markets: The contingent effects of routinization and renewal in marketing, R&D, and operations","authors":"Kerry Hudson , V. Kumar , Robert E. Morgan","doi":"10.1016/j.lrp.2024.102480","DOIUrl":"10.1016/j.lrp.2024.102480","url":null,"abstract":"<div><div>The performance benefits of functional capabilities in marketing, technology, and operations rely on their routinization in organizational processes, but these also require renewal in response to environmental change. This raises a fundamental tension: is it better to maximally develop functional capabilities that offer the highest contingent benefit in present market conditions, and/or to modify capabilities as conditions change? We propose two measures of a firm's ability to renew its functional capabilities to align with market conditions: <em>capability heterogeneity</em> (variation in extant capabilities) and <em>capability adaptability</em> (selection among these strategic options). In a 20-year panel of 771 firms, we find environmental change increases the importance of these aspects of <em>how</em> capabilities are managed relative <em>to what</em> capabilities a firm possesses: In stable product-markets, capability heterogeneity and adaptability incur significant costs whereas functional capabilities improve profitability. In contrast, functional capabilities can be detrimental in fluid product-markets whereas heterogeneity and adaptability increase profitability. Notably, marketing capability remains beneficial across environments, acting as a profitable alternative to capability heterogeneity and adaptability when future conditions are uncertain. This evolutionary perspective contributes to ongoing theoretical debates on the conceptualization and consequences of capabilities, with practical implications for mitigating the risks of excessive inertia or change.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 6","pages":"Article 102480"},"PeriodicalIF":7.4,"publicationDate":"2024-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142422801","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Acquisition integration capabilities and organizational design 采购整合能力和组织设计

IF 7.4 2区管理学

Long Range Planning Pub Date : 2024-09-18 DOI: 10.1016/j.lrp.2024.102479

Florian Bauer , David R. King , Martin Friesl , Svante Schriber , Qingxiong Weng

引用次数: 0

Home country institutions and nonmarket political strategy effects on EMNE foreign location choice 母国制度和非市场政治战略对新兴市场企业国外区位选择的影响

IF 7.4 2区管理学

Long Range Planning Pub Date : 2024-09-16 DOI: 10.1016/j.lrp.2024.102477

Cinara Gambirage , Jaison Caetano da Silva , Flavio Carvalho de Vasconcelos , Ronaldo Couto Parente

{"title":"Home country institutions and nonmarket political strategy effects on EMNE foreign location choice","authors":"Cinara Gambirage , Jaison Caetano da Silva , Flavio Carvalho de Vasconcelos , Ronaldo Couto Parente","doi":"10.1016/j.lrp.2024.102477","DOIUrl":"10.1016/j.lrp.2024.102477","url":null,"abstract":"<div><p>While the literature has generated impressive insights on why emerging market multinationals enterprises (EMNEs) select certain foreign locations over others, we still lack an understanding of how the home country institutional weakness affects EMNEs' foreign location choices and the mechanisms through which EMNEs overcome this effect. In this study, we investigate how the home country institutional weakness affects EMNEs' foreign location choices and how EMNEs can use home country nonmarket political strategy to address their liability of foreignness. We argue that EMNEs struggle with home country institutional weakness that are carried over in host countries and create barriers for EMNEs to enter developed or markets more institutionally distant from their home country. Thus, EMNEs are more likely to choose institutionally similar countries as their foreign direct investment (FDI) targets to help them offset the additional liability they carry. Thus, the nonmarket political strategy can serve as a response to address barriers and help EMNEs reach developed markets and those more distant from their home country institutions. On the other hand, the findings show limitations of the strategy to completely moderates the effects of home country institutional weakness on EMNEs’ foreign location choices.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 6","pages":"Article 102477"},"PeriodicalIF":7.4,"publicationDate":"2024-09-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630124000645/pdfft?md5=4495bdb1d1cca27a73095f64daa80d4c&pid=1-s2.0-S0024630124000645-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142239948","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Addressing endogeneity in the relationship between early entry and performance: The case of foreign market expansion 解决早期进入与业绩关系中的内生性问题：国外市场扩张案例

IF 7.4 2区管理学

Long Range Planning Pub Date : 2024-09-14 DOI: 10.1016/j.lrp.2024.102478

Thijs Nacken , Bas Karreman , Enrico Pennings

{"title":"Addressing endogeneity in the relationship between early entry and performance: The case of foreign market expansion","authors":"Thijs Nacken , Bas Karreman , Enrico Pennings","doi":"10.1016/j.lrp.2024.102478","DOIUrl":"10.1016/j.lrp.2024.102478","url":null,"abstract":"<div><p>Addressing endogeneity issues has been identified as a key priority for ensuring continued progress in the field of strategic management. We contribute to this research agenda by developing a generalized method of moments (GMM) estimation approach that accounts for endogeneity in dynamic models. To illustrate how endogeneity bias impedes reliable interpretation, we examine the relationship between early mover strategies and performance using data on multinational enterprises entering transition economies. Our empirical results demonstrate that early mover advantages are significantly greater after controlling for endogeneity. Additionally, we find evidence that the level of institutional development weakens the advantages of pursuing an early mover strategy in transition economies. After accounting for endogeneity, the negative moderating effect of institutional development is far more pronounced. The magnitude of these two biases underscore the necessity for scholars to adequately address endogeneity and how GMM estimation can facilitate in better understanding the performance implications of strategic choices.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 6","pages":"Article 102478"},"PeriodicalIF":7.4,"publicationDate":"2024-09-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630124000657/pdfft?md5=27caaef94b2736747668ef29daf0f5e9&pid=1-s2.0-S0024630124000657-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142236906","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0