Sebastian Brenk , Christian Burmeister , Kathleen Diener , Dirk Lüttgens
{"title":"Boon or bane of open value creation: The impact of business model design and relational trust on competitive advantage","authors":"Sebastian Brenk , Christian Burmeister , Kathleen Diener , Dirk Lüttgens","doi":"10.1016/j.lrp.2025.102507","DOIUrl":"10.1016/j.lrp.2025.102507","url":null,"abstract":"<div><div>Increasing digitization and global interconnectedness provide firms with new opportunities for openness in value creation, generating new sources of competitive advantage. We investigate the competitive advantage of open value creation (OVC) and the influencing role of novelty- and efficiency-oriented business model (BM) designs as unique logics of guiding collaborations to access and utilize external resources for value creation. We further examine the role of trust in such collaborative relationships to navigate the relational uncertainties in boundary-spanning transactions within BMs. Based on a survey study with secondary data triangulation, we investigate how companies gain competitive advantage through OVC by adopting an appropriate BM design and relational governance of trust in partners. Our results prove a positive effect of openness in value creation on competitive advantage while the strength of this positive effect is moderated by the BM design and relational trust. Our paper provides guidance on managing openness in value creation under the divergent designs of BMs and relational trust.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 2","pages":"Article 102507"},"PeriodicalIF":7.4,"publicationDate":"2025-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143510820","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}
{"title":"Striving for superiority: A status perspective on the relationship between top management team demographic faultline strength and managerial risk-taking","authors":"Kaili Li , Renjing Liu , Jiamin Dong","doi":"10.1016/j.lrp.2024.102494","DOIUrl":"10.1016/j.lrp.2024.102494","url":null,"abstract":"<div><div>In this study, we seize the prevalent phenomenon that demographic attributes serve as representative indicators of social status, leading to status differences among team members due to demographic dissimilarities. Therefore, we reconsider how top management team (TMT) demographic faultline strength affects managerial risk-taking from a status perspective. We hypothesize that high TMT demographic faultline strength makes status boundaries among subgroups more distinct, increasing TMT members’ status perceptions, status conflict, and motivation to change their current status positions, which in turn stimulate them to take more risks to pursue or maintain high status. Findings from a sample of Chinese listed firms support our hypotheses, demonstrating that TMT demographic faultline strength positively affects managerial risk-taking, and the positive relationship is weakened by state ownership and strengthened by institutional development. Additionally, institutional development weakens the negative moderating effect of state ownership. Theoretical and practical implications are discussed for better managing demographic faultlines and managerial risk-taking.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 1","pages":"Article 102494"},"PeriodicalIF":7.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143162465","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}
{"title":"The multifaceted government influence on CSR activities: CSR decoupling in an emerging market","authors":"Yu Wang , Jie Ma , Xiaoying Chang , Tienan Wang","doi":"10.1016/j.lrp.2024.102497","DOIUrl":"10.1016/j.lrp.2024.102497","url":null,"abstract":"<div><div>Corporate social responsibility (CSR) decoupling — the misalignment between reported and actual CSR performance — represents a significant challenge in emerging markets. While existing research treats government as a monolithic entity in shaping CSR practices, we argue that varying priorities across governmental levels create multiple government demands that systematically affect firms' CSR decoupling behaviors. Drawing upon neo-institutional theory, we examine how administrative hierarchical distance influences CSR decoupling in China’s regionally decentralized authoritarian regime. Using data from Chinese publicly listed companies, we find that greater administrative hierarchical distance increases firms' propensity to engage in CSR decoupling. This relationship is attenuated in regions with more developed institutions and economies. Our study advances neo-institutional theory by demonstrating how vertical complexity within governmental systems shapes organizational responses to institutional pressures. These findings extend our understanding of CSR decoupling in emerging markets by revealing how layered governmental influences, rather than unified governmental pressure, affect firms' CSR practices.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 1","pages":"Article 102497"},"PeriodicalIF":7.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143162463","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}
David B. Dose , Ronny Reinhardt , Maria Krämer (née Schwabe) , Gianfranco Walsh
{"title":"Environmental sustainability–profitability beliefs among firm decision makers: Measurement and consequences","authors":"David B. Dose , Ronny Reinhardt , Maria Krämer (née Schwabe) , Gianfranco Walsh","doi":"10.1016/j.lrp.2024.102495","DOIUrl":"10.1016/j.lrp.2024.102495","url":null,"abstract":"<div><div>Firms face a fundamental and persistent challenge in balancing the tensions between environmental sustainability and profitability, where elements that seem logical individually become contradictory when juxtaposed. Individual decision makers' beliefs about the tensions between environmental sustainability and profitability can shape decision outcomes, offering an intriguing micro-foundation for strategic choices. This article conceptualizes and proposes a scale to measure decision makers' beliefs about the tensions between environmental sustainability and profitability. Across three studies, we develop a reliable, valid, parsimonious 12-item environmental sustainability–profitability beliefs (ESPB) scale. Three further studies demonstrate its ability to predict evaluations of sustainable new product ideas, investment success in markets with different crowdfunding platforms, and information search efforts for sustainable new product ideas. Overall, the findings emphasize the important influence of individual-level beliefs about sustainability and profitability for determining strategic decision outcomes, enhancing the understanding of key micro-foundations of firms’ sustainability practices.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 1","pages":"Article 102495"},"PeriodicalIF":7.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142889000","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}
Zhi Li , Jia Xu , Qianwen Shao , Nengzhi Yao , Li Xia
{"title":"The interactions of multidimensional corporate reputations and disaster donation strategies: How a firm can be known for its sense of social responsibility embodied in disaster donations","authors":"Zhi Li , Jia Xu , Qianwen Shao , Nengzhi Yao , Li Xia","doi":"10.1016/j.lrp.2024.102496","DOIUrl":"10.1016/j.lrp.2024.102496","url":null,"abstract":"<div><div>We examine how the two dimensions of corporate reputation stock, i.e., <em>generalized favorability (GF)</em> and <em>being known (BK)</em>, and disaster donation strategies, i.e., <em>response time (RT)</em> and <em>donation level (DL)</em>, affect the corporate reputation increment, i.e., <em>being known for the sense of social responsibility (SSR) embodied in corporate disaster donations (CDD)</em>. By analyzing 493 COVID-19 donations made by listed firms in China, we find that <em>GF</em>, <em>BK,</em> and <em>DL</em> can positively affect <em>being known for the SSR embodied in CDD</em>, while the <em>RT</em> has a negative effect. Meanwhile, the negative effect of <em>BK</em> is also revealed when <em>GF</em> is low. Additionally, the <em>RT's</em> positive effect is also revealed when <em>GF</em> and <em>BK</em> are low, while the <em>DL's</em> positive effect is weaker when <em>GF</em> is high. Furthermore, we discuss our contributions to research on corporate reputation and corporate social responsibility management.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 1","pages":"Article 102496"},"PeriodicalIF":7.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143162464","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}
Jeroen P.J. de Jong , Max Mulhuijzen , Brita Schemmann
{"title":"The nature of underground innovation: Missionary, user, and exploratory orientation","authors":"Jeroen P.J. de Jong , Max Mulhuijzen , Brita Schemmann","doi":"10.1016/j.lrp.2025.102498","DOIUrl":"10.1016/j.lrp.2025.102498","url":null,"abstract":"<div><div>Bootlegging and creative deviance studies have described “underground” innovations, which employees develop without managerial consent but with company benefits in mind. This phenomenon is explained by structural strain theory: when organizations have innovative goals but limited resources, some employees may pursue these goals without permission. Anecdotal observations, however, reveal underground employee behaviors that do not fit this pattern; underground innovations may serve different purposes and remain permanently invisible. We therefore conducted an explorative study of why and how employees develop underground innovations. Based on interviews and survey data at a multinational automotive company, underground innovations have three orientations: missionary (aimed to change company practices), user (to solve work problems), and exploratory (to cater to developers' passion for exploration). The three orientations differ in their involvement of others, deployed resources, and dissemination efforts. Without missionary orientation, underground innovations are not proactively diffused, inhibiting organizations from reaping their full benefits. We infer a refined theory based on constraints that prevent employees from being openly proactive. Specifically, underground innovation may be triggered by 1. lacking resources to pursue organizational innovation goals, 2. lacking resources and thresholds to improve work processes, and 3. the organization's inability to match work tasks with innovation workers' preferences. The last two constraints are easily overlooked, and organizations will capture more value from their human capital by stimulating the diffusion of user and exploratory-oriented projects.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 1","pages":"Article 102498"},"PeriodicalIF":7.4,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142990537","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}
{"title":"Labour-cost retrenchment strategies in times of crisis: Comparing market reactions to flexible and rigid strategies","authors":"Daniel Ehnes , Lars Schweizer , Cornelia Storz","doi":"10.1016/j.lrp.2025.102509","DOIUrl":"10.1016/j.lrp.2025.102509","url":null,"abstract":"<div><div>Guided by an institutionally embedded resource-based view, this paper addresses two under-researched questions. First, what effects do flexible strategies for labor-cost retrenchment (e.g., wage-based and functional flexibility) have on firms' market value as compared with rigid strategies (such as pure downsizing)? Second, what effects do flexible strategies have, compared to rigid strategies, when firms have a high level of knowledge assets? We answer these questions by focusing on firms in the research context of a stakeholder-capitalism environment. The dearth of studies on flexible strategies is surprising when one considers that firms in many advanced economies deploy them widely to reduce labor costs during times of crisis. We address this research gap with a novel data set of 220 retrenchment announcements by Japanese firms. We find that announcing the adoption of flexible strategies is significantly and positively associated with a greater likelihood of the firm’s market value increasing. Further, flexible strategies are evaluated more positively if they protect knowledge assets. We attribute these effects to flexible strategies being perceived not only as a capability but also as a legitimacy signal – that is, as an effort to maintain capabilities in an environment characterized by long-term in-house employment and to align with the norms of the broader institutional landscape.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 3","pages":"Article 102509"},"PeriodicalIF":7.4,"publicationDate":"2025-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143636865","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}
{"title":"Towards a deeper understanding of performance variance in the context of business groups: A multilevel analysis at the business unit level","authors":"Sarada Devi Gadepalli , Arindam Mondal , Somnath Lahiri , Sougata Ray","doi":"10.1016/j.lrp.2025.102508","DOIUrl":"10.1016/j.lrp.2025.102508","url":null,"abstract":"<div><div>In this study, we employ a multilevel analysis to investigate the relative importance of industry, business group, corporation, and business unit effects on the performance of business units that are nested within business group affiliates. Empirical results demonstrate that business unit effects explain (1) about four times as much variance as does the corporate effects, (2) over four times as much variance as the industry effects, and (3) over eighteen times as much variance as the business group effects in business unit performance. Moreover, the results provide evidence that corporate effects are distinct from business group effects and it is imperative to study the complex interplay between the two distinct headquarters to understand the impact of business group as an organizational form. These findings extend our theoretical and empirical understanding of performance variability in the context of business groups.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 2","pages":"Article 102508"},"PeriodicalIF":7.4,"publicationDate":"2025-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143077678","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}
Irina Atkova , Tamara Galkina , Man Yang , Tiina Leposky , Petri Ahokangas
{"title":"Opening the black box of transition towards a sustainable business model","authors":"Irina Atkova , Tamara Galkina , Man Yang , Tiina Leposky , Petri Ahokangas","doi":"10.1016/j.lrp.2025.102499","DOIUrl":"10.1016/j.lrp.2025.102499","url":null,"abstract":"<div><div>Transition towards sustainable business models (SBMs) has become an imperative practice for businesses. To ensure this change is systematic, firms need to transform all BM components⸻value creation, delivery, and capture⸻in a consistent manner. However, extant research lacks an understanding of the integrative mechanisms of value logic transition when modelling a business through the lens of sustainability. This study explores mechanisms for such transition towards SBMs. We follow companies operating in three traditional industries in Finland: mining, paper production, and shipbuilding. To tackle transition towards SBMs, we focus on context, intervention points, mechanisms, and outcomes of this change. We derive an integrative model that depicts how value components are transformed as a whole, thereby contributing to the literature on sustainability transitions and dynamic views of BMs.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 2","pages":"Article 102499"},"PeriodicalIF":7.4,"publicationDate":"2025-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143050011","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}
{"title":"Outside vs. inside succession: Environmental and organizational contexts, strategic decision, and firm performance","authors":"Chung-Jen Chen , You-Xiang Song , Bo-Kai Chow","doi":"10.1016/j.lrp.2024.102485","DOIUrl":"10.1016/j.lrp.2024.102485","url":null,"abstract":"<div><div>This study examines the effects of the industry environment, corporate governance, and business strategy on the firm's choice of CEO successors from outside the company or within the firm, as well as the endogenous implications of the succession type for post-succession performance. Our findings indicate that: (1) firms are more likely to select their CEO successors from outside the company than to promote their successors within the firm when they are in less munificent, when the top executives are less entrenched, when the board structure is more independent, and when they pursue a differentiation strategy; (2) firms selecting their CEO successors from inside the company generally perform better than firms selecting their CEO successors outside the company; and (3) firms would make choices of succession type that best correspond to the conditions they encounter.</div></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"58 1","pages":"Article 102485"},"PeriodicalIF":7.4,"publicationDate":"2024-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142696430","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}