{"title":"A microfoundational view of the interplay between open innovation and a firm's strategic agility","authors":"Steven Hutton , Robert Demir , Stephen Eldridge","doi":"10.1016/j.lrp.2024.102429","DOIUrl":"10.1016/j.lrp.2024.102429","url":null,"abstract":"<div><p>Open innovation can support firms looking to deploy strategic agility through product innovations during periods of market and technological change. However, existing research lacks a comprehensive understanding of the microfoundations that underlie strategic agility in the context of open innovation. We address this gap using an in-depth analysis of a firm's open innovation activities in support of new product development (NPD). Our analysis reveals that open innovation can help leverage NPD processes to drive technological innovations in response to changing market conditions. Under such circumstances, open innovation enables firms to deploy strategic agility by continually developing the product portfolio. Our study reveals six mechanisms that enable three mutually complementary practices of agility: <em>knowledge-based agility</em> at the firm-environment interface, <em>behavioural agility</em> in the firm's decision-making process, and <em>organisational agility</em> in the internal NPD process. We theorise the interplay between the mechanisms that constitute each practice and, in doing so, shed light on how they contribute to firm-level strategic agility.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 3","pages":"Article 102429"},"PeriodicalIF":8.5,"publicationDate":"2024-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630124000165/pdfft?md5=8a0d9f68ffd5872108602431238f9bdb&pid=1-s2.0-S0024630124000165-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140026525","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}
Vincent Göttel , Yasmina Lichtinger , Andreas Engelen
{"title":"Rethinking new venture growth: A time series cluster analysis of biotech startups’ heterogeneous growth trajectories","authors":"Vincent Göttel , Yasmina Lichtinger , Andreas Engelen","doi":"10.1016/j.lrp.2024.102427","DOIUrl":"10.1016/j.lrp.2024.102427","url":null,"abstract":"<div><p>Startups are crucial job creators and drivers of economic growth. Research on startups has predominantly targeted high-growth startups, while a comprehensive understanding of alternative growth journeys remains limited. Addressing this gap, we employ the theory of early firm growth and the time-calibrated theory of entrepreneurial action to examine 416 biotech startups. We use time series cluster analysis to unveil four heterogeneous new venture growth trajectories. These are characterized by unique timings, paces, and sequences of financial, human, and innovative resource-related activities. This study contributes to new venture growth research, particularly in science-based high-tech startups, with its nuanced understanding of diverse growth pathways, including intriguing notions of early failure, growth reversal, and high and moderate steady growth.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 2","pages":"Article 102427"},"PeriodicalIF":8.5,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630124000141/pdfft?md5=37fb94c9f3d13025e3df4c8abd700968&pid=1-s2.0-S0024630124000141-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139872555","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":"Why traditional firms from the same industry reject digital transformation: Structural constraints of perception and attention","authors":"Erik Fernandes , Ana Burcharth","doi":"10.1016/j.lrp.2024.102426","DOIUrl":"10.1016/j.lrp.2024.102426","url":null,"abstract":"<div><p>We explain why some traditional companies fail to sense new digital technologies when facing an identical scenario of digital transformation. Our objective is to investigate situations where discontinuous changes steaming from digital transformation are actively rejected, in the sense that they are not perceived as a strategic issue, i.e., a threat or opportunity. We draw on a mixed-method research design comprising two sequential studies. The first study is based on Delphi's Technique, which uses a panel of specialists to build the most likely future scenarios in the medium term for the language education industry. The second one is a qualitative comparative study with eleven traditional firms. Their senior executives were first asked for their spontaneous sensing of emerging technologies and later asked to provide their assessment of the most likely future scenarios. Our contribution lies in developing a conceptual model that proposes a structural “schema-driven” explanation of why firm-level structures – concrete, contextual and knowledge – can hinder perception and attention. Active rejection is prompted not by the absence of attentional structures, but by their specific attributes. This expands the dominant ontology of issues, asserting their existence independently of an organization's epistemological experience, and adds to the theoretical understanding regarding the constraints of the sensing dynamic capability in digital transformation.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 2","pages":"Article 102426"},"PeriodicalIF":8.5,"publicationDate":"2024-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139819617","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":"Project managers and decision making: Conditional cognitive switching and rationally stepping up","authors":"Agnieszka Nowińska , Torben Pedersen","doi":"10.1016/j.lrp.2024.102414","DOIUrl":"10.1016/j.lrp.2024.102414","url":null,"abstract":"<div><p>Decision makers switch between analytical-rational and intuitive-experiential approaches to decision making, a phenomenon termed “cognitive gear switching.” Such switching is crucial for decision making in any organization. However, how decision makers switch between the intuitive-experiential and analytical-rational approaches, the interplay between these approaches and contextual factors remains poorly understood. We study this in the context of decisions made in ongoing product-development projects, where we distinguish between the decision-making behavior of project managers and other project members. We show that project managers are more likely to switch decision-making approaches when faced with project uncertainty and, in such cases, to favor the analytical-rational approach. As such, we define project managers as “conditional cognitive switchers” and the strategy used as “rationally stepping up.”</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102414"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630124000013/pdfft?md5=e8bfe96c8ec158d41158a5e0a2e73784&pid=1-s2.0-S0024630124000013-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139420149","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":"Do peers’ negative earnings surprises Stifle corporate social responsibility?","authors":"Rong Gong","doi":"10.1016/j.lrp.2023.102375","DOIUrl":"10.1016/j.lrp.2023.102375","url":null,"abstract":"<div><p>This study examines the effects of rival firms' negative earnings surprises on focal firm's corporate social responsibility (CSR) investment. I theorize that rival firms' negative earnings surprises attract stronger scrutiny by shareholders in the focal firm, which exposes short-term pressure on the focal firm and makes it limit investments in socially responsible activities. I find that rival firms' negative earnings surprises decrease a firm's CSR engagement, and the effects are stronger when the focal firm has poorer financial performance, when market uncertainty is lower, and when rival firms that experience negative earnings surprises receive a greater amount of media coverage and more consistent news tone.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102375"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44932726","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}
Vincent L. Barker III , Johannes Luger , Achim Schmitt , Katherine R. Xin
{"title":"Corporate decline and turnarounds in times of digitalization","authors":"Vincent L. Barker III , Johannes Luger , Achim Schmitt , Katherine R. Xin","doi":"10.1016/j.lrp.2022.102211","DOIUrl":"10.1016/j.lrp.2022.102211","url":null,"abstract":"","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102211"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630122000309/pdfft?md5=7da7baea7326c42ef5b80ee947e81757&pid=1-s2.0-S0024630122000309-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45831910","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}
Marta Domínguez-Cc , Bárbara Larrañeta , Jose Luis Galán
{"title":"Resource orchestration at the top: CEO succession origin, top management team role restructuring and firm performance","authors":"Marta Domínguez-Cc , Bárbara Larrañeta , Jose Luis Galán","doi":"10.1016/j.lrp.2023.102397","DOIUrl":"10.1016/j.lrp.2023.102397","url":null,"abstract":"","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102397"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50164910","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}
Giorgio Mion , Angelo Bonfanti , Veronica De Crescenzo , Cristian R. Loza Adaui
{"title":"Mission statement and social impact: Shedding light on the contribution of Italian B corps to society","authors":"Giorgio Mion , Angelo Bonfanti , Veronica De Crescenzo , Cristian R. Loza Adaui","doi":"10.1016/j.lrp.2023.102377","DOIUrl":"10.1016/j.lrp.2023.102377","url":null,"abstract":"<div><p>This qualitative study examines the relationship between the mission statements of 161 Italian B Corps and their social impact performance, measured by the B Impact Assessment (BIA). The research combined different qualitative methods: content analysis, text mining, and fuzzy-set qualitative comparative analysis (fsQCA) in a homogeneous research design to explore the content of B Corps mission statements and their influence on social impact performance. The results reveal that B Corps’ mission statements are compound in nature, combining elements related to philosophy and values, environmental protection, and social benefit with the drive toward market success and economic performance. Additionally, mission statements with rich content are associated with better social impact performance, highlighting the role of the mission statement in creating identity and imprinting differentiation for B Corps. Finally, this study offers practical recommendations for entrepreneurs and managers of B Corps to craft clear mission statements that promote positive social impact.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102377"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123000845/pdfft?md5=514b14b140722646c25c7555fe854748&pid=1-s2.0-S0024630123000845-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43260276","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":"CEO replacement, top management vacancy, and the sequence of top management team changes in high technology turnaround companies","authors":"Chanchai Tangpong , Derek Lehmberg , Zonghui Li","doi":"10.1016/j.lrp.2021.102103","DOIUrl":"10.1016/j.lrp.2021.102103","url":null,"abstract":"<div><p>This study extends the literature on CEO replacement, top management change, and corporate turnaround by examining the sequence of top management team change events and turnaround outcomes among declining firms in industries affected by technological innovation and digitalization, including information technology, electronics, imaging and communications. This study focuses specifically on the top management change events <em>before</em> and <em>after</em> CEO replacement during the turnaround attempts. Using 12 cases of successful/unsuccessful turnaround matched pairs, we adopt a two-phase case study research approach, first generating insights from six cases (three pairs), and then cross validating our findings with additional six cases (three pairs). Through the qualitative examination of these cases, we uncover <em>top management vacancy</em> as a new theoretical construct and refine an existing construct, top management change, by differentiating between <em>primary</em> and support functions. We then observe distinct patterns of CEO replacement and top management changes separating successful and unsuccessful turnarounds. Our case findings indicate that successful turnarounds are characterized by top management vacancy in primary functions <em>before</em> the new CEO arrival and by top management stability in support functions <em>after</em> the new CEO arrival, and that unsuccessful turnarounds involve top management personnel replacement in primary functions <em>after</em> the new CEO arrival. Based on the case findings and related literature, we propose a theoretical model for CEO replacement, top management change, and corporate turnaround.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102103"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41999894","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}
Mario Daniele Amore , Mircea Epure , Orsola Garofalo
{"title":"Organizational identity and performance: An inquiry into nonconforming company names","authors":"Mario Daniele Amore , Mircea Epure , Orsola Garofalo","doi":"10.1016/j.lrp.2023.102396","DOIUrl":"10.1016/j.lrp.2023.102396","url":null,"abstract":"<div><p>Choosing the right company name is challenging and may have major consequences for firm prospects. Drawing on the strategic conformity literature, we investigate the implications of “nonconforming” company names, i.e. foreign sounding and family-unrelated, for family firms’ performance. Consistent with the idea that such names endow the business with greater visibility and recognition, we find that nonconforming names are positively associated with financial performance. This association is stronger when the firm operates in an industry with a low share of nonconforming peers and a high share of eponymous peers, in a crowded product class, and is smaller than industry peers. Collectively, our analysis provides new evidence on the strategic implications of company names.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102396"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123001036/pdfft?md5=b1e1c50c9f6d21ae68c415714ea33a4c&pid=1-s2.0-S0024630123001036-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50164938","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}