{"title":"Resilience in Top Management Teams: Responding to crisis by focusing on the future","authors":"Rebecca Ranucci , Shirley Wang","doi":"10.1016/j.lrp.2022.102268","DOIUrl":"10.1016/j.lrp.2022.102268","url":null,"abstract":"<div><p>When faced with a sudden economic crisis, top managers come under pressure to persist and recover, but such an ability to be resilient depends on the collective response of the top management team (TMT). In particular, we argue that attention towards the future, or future focus, within the TMT influences the organization's resilience in times of crisis. Drawing on a sample of insurance companies during the Global Financial Crisis (GFC), we mined earnings call transcripts to capture future focus for executives and aggregate this variable to the team level. Our results indicate that companies with TMTs high on average future focus, and companies with TMTs low on heterogeneity of future focus are more resilient - experiencing more moderate performance losses during the crisis and a swifter recovery after the crisis. With heightened attention on long-term effects of economic crises, we contribute to scholarship and practice by demonstrating that future focus within executive teams impacts their organization's resilience.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102268"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41574020","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":"How digitalization affects the effectiveness of turnaround actions for firms in decline","authors":"Jingyi Wang , Tao Bai","doi":"10.1016/j.lrp.2021.102140","DOIUrl":"10.1016/j.lrp.2021.102140","url":null,"abstract":"<div><p>We investigate how digitalization influences the effectiveness of retrenchment and strategic actions on firms’ turnaround outcomes after a situation of firm decline. To ensure turnaround actions are effective, declining firms must possess relevant knowledge about how to implement such action. We argue that through digitalization, firms can form a close relationship with key stakeholders in their business ecosystem, which can provide important knowledge to guiding their response actions. More specifically, we argue that different types of digitalization linking firms to different groups of stakeholders allows firms to access knowledge about different types of response actions. Based on a sample of publicly listed small and medium-sized enterprises (SMEs) in China from 2012 to 2019, we find that the internal digitalization has a positive moderating effect on the relationship between asset and cost retrenchments and turnaround performance, and that the external digitalization has a positive moderating effect on the relationship between new product introduction and turnaround performance.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102140"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46070655","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":"Which partners become targets? The role of location in partner acquisitions","authors":"Florian Noseleit , Isabel Estrada , Killian McCarthy","doi":"10.1016/j.lrp.2023.102387","DOIUrl":"10.1016/j.lrp.2023.102387","url":null,"abstract":"<div><p>This paper seeks to explain how location affects the likelihood of partner acquisition. We develop a novel framework that (i) emphasizes the decoupling between a firm's headquarters and its alliance-making division and their roles regarding alliance management and partner acquisition decisions and (ii) highlights that these decisions are contingent on location-related factors that shape the structural configuration of alliances. Findings from a comprehensive study of 20,165 alliances and 1838 subsequent majority acquisition events reveal that the acquisition likelihood tends to be higher in cross-border alliances than in domestic ones. We further find that increasing national cultural distance between the headquarters of the two partnering organizations attenuates this effect. In contrast, the co-location of the focal firm's alliance-making division and its headquarters further increases the likelihood of acquiring a cross-border partner. We provide a distinct explanation of partner acquisition, placing the interface of location and alliance structure centerstage to explain which alliance partners become acquisition targets. More generally, our findings inform research on strategic decision-making in areas where location is key, such as firm boundary configuration.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102387"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123000948/pdfft?md5=c6dee727ac974188eb43eb6231df5fdb&pid=1-s2.0-S0024630123000948-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49541687","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":"In the eye of the beholder: Stakeholder perceived value in sustainable business models","authors":"Simon Norris","doi":"10.1016/j.lrp.2023.102406","DOIUrl":"10.1016/j.lrp.2023.102406","url":null,"abstract":"<div><p>The sustainability of business models is commonly determined by their value creation for a wide range of stakeholders. This value is primarily conceptualised through the aggregated macro-level Triple Bottom Line (TBL) dimensions of social, ecological and economic value. However, few business model studies provide an explanation as to why and how stakeholders see such value in a business model. A <em>problematising review</em> reveals a conflation of the TBL macro-level and stakeholder micro-level of analysis, causing ambiguity regarding contents and recipients of value. This paper adopts a <em>perceived value</em> concept based on micro-level insights from recipient-centric (strategic) management to reform the construct of ecological, social and economic value. The relationships between value perceptions, need fulfilment and need satisfiers are analysed based on the characteristics of <em>subjectivity</em> and <em>heterogeneity</em>, <em>one-sidedness</em> and <em>non-linearity</em>, <em>situation-specificity</em> and <em>transience, spill-over, relationality</em> and <em>experientiality</em>, <em>idiosyncrasy</em>, <em>incommensurability</em>, and <em>interdependence</em>. The analysis underscores a value creation theory based on stakeholder perceptions of need fulfilment. It suggests stakeholder value creation can only be understood through the stakeholders whose needs are being satisfied. The suggested distinction between needs and satisfiers remedies their conflation in previous research and enables a discussion of conditions for <em>sustainable</em> stakeholder value creation.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102406"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630123001139/pdfft?md5=f0977a54eb3f1bc160883a3500d02344&pid=1-s2.0-S0024630123001139-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138475725","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":"The impact of digitalization on internationalization from an internalization theory lens","authors":"Netanel Drori , Todd Alessandri , Yakov Bart , Ram Herstein","doi":"10.1016/j.lrp.2023.102395","DOIUrl":"10.1016/j.lrp.2023.102395","url":null,"abstract":"<div><p>Digitalization is challenging traditional international business theories, shifting emphasis from the flows of goods and services to the flows of data, information, and knowledge, changing the distribution of international activity. From the internalization theory lens, we suggest that digitalization is reducing market imperfections, but this effect varies across industries, positing a linkage between industry digital intensity and internationalization. Digitalization effects can also influence the location-bound constraints of FSAs. Examining one non location-bound FSA, innovation, and one location-bound FSA, brand, we argue that it is the moderating effects, or interaction, of these FSAs and industry digital intensity that drive internationalization. Furthermore, we highlight that these interaction effects change over time, as digital innovations have diffused. We test these arguments on a sample of 2370 U.S. firms over an 18-year period. The findings support our arguments that the conditions under which MNEs increase internationalization is dependent upon the combination of industry digital intensity and innovation and brand. In addition, these interaction effects appear to change over time as digitalization has evolved and become more widespread. Our findings indicate a more nuanced set of relationships within internalization theory in a digital world.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102395"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50164935","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}
Maria Carmela Annosi , Elisa Mattarelli , Domenico Dentoni , Antonio Messeni Petruzzelli
{"title":"The micro-foundations of ambidexterity for corporate social performance: A study on sustainability managers’ response to conflicting goals","authors":"Maria Carmela Annosi , Elisa Mattarelli , Domenico Dentoni , Antonio Messeni Petruzzelli","doi":"10.1016/j.lrp.2023.102412","DOIUrl":"10.1016/j.lrp.2023.102412","url":null,"abstract":"<div><p>Studies on corporate social performance advocate that interrelated yet conflicting goals, such as sustainability and profitability, give rise to specific dynamics and inherent tensions, and call for more research to investigate how the duality of goals is managed by specific individuals in organizations. Through a micro-foundational view of ambidexterity for corporate social performance, and by relying on a qualitative data analysis of 41 interviews with sustainability managers and their immediate stakeholders, both internal and external to their organization boundaries, we developed a multilevel model of sustainability managers' responses to conflicting goals. We discovered how sustainability managers enacted internal and external, long term and short term brokering behaviors, enabled by their individual values, multidisciplinary knowledge, and relational abilities and skills, although constrained by their organizational and institutional contexts. By taking into account simultaneously contextual forces and individual cognitive characteristics, we thus advance our understanding of sustainability managers’ behaviors towards ambidexterity for corporate social responsibility and of microfoundations for ambidexterity.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 1","pages":"Article 102412"},"PeriodicalIF":8.5,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S002463012300119X/pdfft?md5=c1b300c690d1a37b1b49667b64a4999d&pid=1-s2.0-S002463012300119X-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139110320","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":"Absorptive capacity components: Performance effects in related and unrelated diversification","authors":"Tobias Kretschmer , Pavlos C. Symeou","doi":"10.1016/j.lrp.2024.102416","DOIUrl":"10.1016/j.lrp.2024.102416","url":null,"abstract":"<div><p>We study how firms can benefit from external knowledge resources contingent on absorptive capacity. We separate the three components of absorptive capacity – acquiring, assimilating, and exploiting external knowledge – and posit that the benefits of a firm's knowledge expansion through diversification into related and unrelated business domains differ by the firm's relative emphasis on the three components. We test our predictions on a panel of 153 large US-traded ICT firms. Our analysis broadly supports our hypotheses, highlighting the unique contribution of individual absorptive capacity components to organizational learning through diversification strategy.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 2","pages":"Article 102416"},"PeriodicalIF":8.5,"publicationDate":"2024-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630124000037/pdfft?md5=f81eeeb0bdba22314f29b3e7f30e6b08&pid=1-s2.0-S0024630124000037-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139573880","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}
Aurangzeab Butt , Faisal Imran , Petri Helo , Jussi Kantola
{"title":"Strategic design of culture for digital transformation","authors":"Aurangzeab Butt , Faisal Imran , Petri Helo , Jussi Kantola","doi":"10.1016/j.lrp.2024.102415","DOIUrl":"10.1016/j.lrp.2024.102415","url":null,"abstract":"<div><p>Industrial organizations need to take a cultural leap in order to integrate social systems with rapidly evolving digital technologies. Subsequently, aspiration for digital transformation enabled by organizational culture is ubiquitous; however, guidance in the literature on how to refresh the culture in pursuit of digital transformation strategy is underdeveloped. We conducted a diagnostic multi-case study on the organization culture in three globally renowned industrial organizations undergoing digital transformation strategy implementation. Through thematic analysis of qualitative data, we identified cultural artefacts, values in action, and assumptions that industrial organizations should refresh to enable digital transformation. It was found that forerunner industrial organizations’ approach to culture is strategically proactive and thoughtful. Furthermore, their leaders employed culture as a social control system for digital technology adoption. The research findings are summarized as an exploratory framework for the strategic design of culture for the purpose, governance, ecosystem, and organization of sociotechnical systems.</p></div>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"57 2","pages":"Article 102415"},"PeriodicalIF":8.5,"publicationDate":"2024-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0024630124000025/pdfft?md5=fb80947ad411a0e117c992c3cbcbffc8&pid=1-s2.0-S0024630124000025-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139436884","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}
Long Range PlanningPub Date : 2023-12-01Epub Date: 2023-01-09DOI: 10.1177/17585732221150785
Andrea Cozzolino, Paolofrancesco Malfi, Roberto de Giovanni, Alfonso Fedele, Giovanni Rusconi, Amedeo Guarino, Francesco Di Pietto, Raffaele Russo
{"title":"Computed tomography improves the diagnostic accuracy but not the interobserver reliability of the Boileau classification of proximal humerus fracture sequelae.","authors":"Andrea Cozzolino, Paolofrancesco Malfi, Roberto de Giovanni, Alfonso Fedele, Giovanni Rusconi, Amedeo Guarino, Francesco Di Pietto, Raffaele Russo","doi":"10.1177/17585732221150785","DOIUrl":"10.1177/17585732221150785","url":null,"abstract":"<p><strong>Background: </strong>The aim of this study was to investigate the impact of computed tomography on the reliability of Boileau classification for proximal humerus fracture sequelae.</p><p><strong>Methods: </strong>A prospective study was designed using STARD guidelines. We included all patients diagnosed with proximal humerus fracture sequelae who underwent surgery at our institution between 2017 and 2021. Preoperative radiographs and computed tomography scans were reviewed by three independent observers. Intra- and inter-observer reliability and the diagnostic accuracy of radiographs and computed tomography scans in detecting chronic dislocation, nonunion, and severe greater tuberosity dislocation were assessed.</p><p><strong>Results: </strong>Fifty-two patients were included in the study. The overall interobserver agreement was low on both radiographs and computed tomography scans. On radiographic images, we found a sensitivity of 97%, 88.9%, and 84.1%, and a specificity of 58.3%, 40%, and 53.3% to detect chronic dislocation, nonunion, and greater tuberosity dislocation, respectively. On computed tomography scans we reported a sensitivity of 100%, 96.8%, and 93.7%, and a specificity of 91.7%, 86.7%, and 93.3% to detect chronic dislocation, nonunion, and greater tuberosity dislocation, respectively.</p><p><strong>Discussion: </strong>Computed tomography scan was more specific than radiographs in the assessment of proximal humerus fracture sequelae. However, even using a three-dimensional evaluation of the deformity, the Boileau classification had a poor interobserver reliability.</p><p><strong>Level of evidence: </strong>I. Testing previously developed diagnostic criteria in a consecutive series of patients and a universally applied \"gold standard.\"</p>","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"25 1","pages":"634-640"},"PeriodicalIF":7.4,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10656970/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75183659","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}
Duncan Angwin, David Kroon, Nicola Mirc, Nuno Oliveira, Shameen Prashantham, Audrey Rouzies, Janne Tienari
{"title":"Mergers and acquisitions research: Time for a theory rejuvenation of the field","authors":"Duncan Angwin, David Kroon, Nicola Mirc, Nuno Oliveira, Shameen Prashantham, Audrey Rouzies, Janne Tienari","doi":"10.1016/j.lrp.2023.102398","DOIUrl":"10.1016/j.lrp.2023.102398","url":null,"abstract":"","PeriodicalId":18141,"journal":{"name":"Long Range Planning","volume":"56 6","pages":"Article 102398"},"PeriodicalIF":8.5,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71435950","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}