{"title":"Business Model and Strategy: In Search of Dialog through Value Perspective","authors":"Dimária Silva Meirelles","doi":"10.1590/1982-7849rac2019180314","DOIUrl":"https://doi.org/10.1590/1982-7849rac2019180314","url":null,"abstract":"Abstract Value is the unit of analysis for a business model, and also the main goal of strategy. From both an academic and a practical point of view, the question that guides the definition of a business model is: how to create, configure and appropriate value? Strategic management and business model theories have already progressed significantly in some aspects of value, but present major misunderstandings to answering this question, especially because they still work from a static view of value, based only in the content or result. The paper aims to develop a theoretical articulation of business model and strategy through a dynamic perspective of value, based on the combination of strategy content and strategy process. In order to accomplish this task, it tooks contributions from several fields of knowledge underpinning value, such as economics, marketing, strategic management and organizational configuration. The main proposition is that a business model is an emergent structure, defined through the interplay of strategic decisions for discovering and recognizing opportunities (value creation) but also for implementing (value configuration) and profiting from them (value appropriation).","PeriodicalId":302155,"journal":{"name":"POL: Other Strategy Models for Firm Performance Enhancement (Topic)","volume":"221 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114285720","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}
{"title":"Crowdsourcing and Crowdfunding in the Manufacturing and Services Sectors","authors":"Gad Allon, V. Babich","doi":"10.1287/msom.2019.0825","DOIUrl":"https://doi.org/10.1287/msom.2019.0825","url":null,"abstract":"In the last few years, we have seen the emergence of two new ways in which firms interact with outside stakeholders, namely crowdsourcing and crowdfunding service providers. In this article, we def...","PeriodicalId":302155,"journal":{"name":"POL: Other Strategy Models for Firm Performance Enhancement (Topic)","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116546529","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}
{"title":"Lobbying - Managing with Strategy Orientated Communication","authors":"M. Mitrović","doi":"10.2139/ssrn.2942002","DOIUrl":"https://doi.org/10.2139/ssrn.2942002","url":null,"abstract":"It is noticeable that interpretation of strategy, strategy communication and lobbying phenomena, in colloquial as well as scholars arguing, usually are put in same connotation level. This perspective was inspiring for author to rise following questions: Which characteristics of strategy are in correlation with communication, if we name it \"strategy\", and does it lobbying really means strategy communication? In this paper author attempts to offer argumentation based on analysis of previous hypothetical questions. In process of clarifications, author is leaning on literature analysis (research and book publications), as well as practical experience. Main approach of research methodology includes comparison and modeling as the main methods, as well as usage of specific methodology attitudes: description, context analysis, analysis-synthesis and induction-deduction. Results are aimed to clarify hypotheses that lobbying is strategically organized communication. Further more, the research shows that lobbying is a complex, high level, strategic organized activity, and by this conclusions, it should be strategic planned and managed. As support of conclusion, it is given analyses of STAP modeling for the management of lobbying operational strategies. This model offers approach to design of lobbying strategy, which is applicable for various organizational entities. This model could be practical value for all kinds of organization, especially those who have interest to achieve organizational benefits through the realization of strategy organized lobbying activities.","PeriodicalId":302155,"journal":{"name":"POL: Other Strategy Models for Firm Performance Enhancement (Topic)","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"113931907","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}
{"title":"What If Larger Public Firms are Sliced into Smaller Ones","authors":"Senthilkumar Muthusamy","doi":"10.2139/ssrn.2832501","DOIUrl":"https://doi.org/10.2139/ssrn.2832501","url":null,"abstract":"Large firms are increasingly facing existential crisis. While knowledge and information era organizations are replacing industrial age giants in the honor rolls of technocratic leadership, quality, excellence, and profitability, the large industrial era firms (whether banking, utilities, automobile, metals) are struggling to retain their financial attractiveness and are increasingly becoming unsustainable.","PeriodicalId":302155,"journal":{"name":"POL: Other Strategy Models for Firm Performance Enhancement (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129958216","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}
{"title":"How to Create Commercial Value from Patents: The Role of Patent Management","authors":"H. Ernst, J. Conley, Nils Omland","doi":"10.1111/radm.12210","DOIUrl":"https://doi.org/10.1111/radm.12210","url":null,"abstract":"This article examines the relationship between patent management and indicators of a firm's financial and patenting performance. The empirical analyses are based on a sample of 158 technology‐based firms from the United States and Germany across multiple industries. The results show that two important dimensions of patent management, specifically patent protection management and patent information management, are positively correlated with a firm's level of financial profitability and the strategic and financial impact of its patent portfolio. This implies that patent protection and information management are important managerial capabilities of the firm that determine the level of value it can create from patents. We further find that a firm's technology strategy moderates the relationship between patent protection management and firm performance; it does, however, not moderate the relationship between patent information management and firm performance. Hence, the effectiveness of certain managerial capabilities on value creation from patents are contingent upon specific boundary conditions. Our findings have implications for improving firm performance through patent management.","PeriodicalId":302155,"journal":{"name":"POL: Other Strategy Models for Firm Performance Enhancement (Topic)","volume":"214 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115504785","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}
{"title":"The More, the Better? The Impact of Closure Collaboration Network and Network Structures on Technology‐Based New Ventures' Performance","authors":"Ming-Chao Wang, Ming-Huei Chen","doi":"10.1111/radm.12129","DOIUrl":"https://doi.org/10.1111/radm.12129","url":null,"abstract":"Prior research suggests that a large number of new venture collaborators in networks and a great number of interfirm network structures influence the performance of a new venture. However, few studies have considered the negative aspect of large numbers in a closure collaboration network, and even fewer have considered the influences of different types of network structures. To demonstrate the influence of different network structures on new venture performance, we divide network structures into two different types: network centrality and partnership networks. Using a questionnaire survey of 189 technology‐based new ventures, we propose that new venture performance is maximized through an optimal and effective number of collaborative firms, and that different network structures have different impacts on new venture performance. While network centrality has a positive influence on performance, partnership networks have a negative influence. The implications of these findings for managerial practice and theories on interfirm networks are discussed.","PeriodicalId":302155,"journal":{"name":"POL: Other Strategy Models for Firm Performance Enhancement (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133797673","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}
{"title":"Justice: A Sufficient Condition for Goal Congruence in Management Control Systems","authors":"Natàlia Cugueró-Escofet, Josep M. Rosanas","doi":"10.2139/ssrn.2697163","DOIUrl":"https://doi.org/10.2139/ssrn.2697163","url":null,"abstract":"Control systems are a fundamental tool in the management process. Management control systems have been judged using the criterion of goal congruence - that is, to what extent the possible rewards given to people when they take specific actions benefit at the same time individuals and the organization as a whole. Often the concept of justice is not included in the analysis. In recent papers, some theoretical developments have shown that the concept of justice is essential to their dynamics, because it has the potential to change people's attitudes towards the organization and, therefore, their interest in future decisions. However, these developments have been essentially conceptual and have not attempted to go beyond theoretical terms. This paper, using a stylized example, tries to show how this framework can be applied in practice. It also attempts to clarify the concept of goal congruence, by distinguishing between when it is merely quantitative or qualitative and when it can be considered \"weak\" or \"strong.\" Finally, it goes back to the conceptual model of Cuguero-Escofet and Rosanas (2013) and shows how the practical vision of this case adapts to the conceptual analysis offered in their framework, and draws some conclusions.","PeriodicalId":302155,"journal":{"name":"POL: Other Strategy Models for Firm Performance Enhancement (Topic)","volume":"46 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133774327","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}
{"title":"Truce Breaking and Remaking: The CEO's Role in Changing Organizational Routines","authors":"Sarah Kaplan","doi":"10.1108/S0742-332220150000032001","DOIUrl":"https://doi.org/10.1108/S0742-332220150000032001","url":null,"abstract":"This paper reports on the “CEO’s-eye-view” of the 1990 commercial real estate crisis at Citibank using unique data from CEO John Reed’s private archives. This qualitative analysis sheds light on questions that have perennially plagued executives and intrigued scholars: How do organizations change routines in order to overcome inertia in the face of radical change in the environment? And, specifically, what is the role of the CEO in this process? Inertial behavior in such circumstances has been attributed to ingrained routines that are based on cognitive and motivational truces. Routines are performed because organizational participants find them to cohere to a particular cognitive frame about what should be done (the cognitive dimension) and to resolve conflicts about what gets rewarded or sanctioned (the motivational dimension). The notion of a “truce” explains how routines are “routinely” activated. Routines are inertial because the dissolution of the truce would be inconsistent with frames held by organizational participants and fraught with the risk of unleashing unmanageable conflict among interests in the organization. Thus, the challenge for the CEO in making intended change is both to break the existing truce and to remake a new one. In this study, I uncover how the existing organizational truce led to the crisis at Citibank, why Reed’s initial attempts to respond failed, and how he ultimately found ways to break out of the old truce and establish new routines that helped the bank survive. These findings offer insight into the cognitive and motivational microfoundations of macro theories about organizational response to radical change.","PeriodicalId":302155,"journal":{"name":"POL: Other Strategy Models for Firm Performance Enhancement (Topic)","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123981215","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}
Dominik Wagner, J. Block, Danny Miller, Christian Schwens, Guoqian Xi
{"title":"A Meta-Analysis About the Financial Performance of Family Firms: Another Try","authors":"Dominik Wagner, J. Block, Danny Miller, Christian Schwens, Guoqian Xi","doi":"10.2139/ssrn.2540065","DOIUrl":"https://doi.org/10.2139/ssrn.2540065","url":null,"abstract":"This study presents the results of a comprehensive meta-analysis on the financial performance of family firms. Drawing on a sample of 380 studies, we find that family firms show economically weak, albeit statistically significant, superior performance compared to non-family firms. Furthermore, we find moderating factors on country, firm, and family level to significantly intervene in the relationship: these results show for example that the positive effect of family firms on financial performance is more pronounced in samples of public and large firms, as well as when an ownership definition of family firms is used. Based on the broad empirical evidence obtained, we discuss implications and avenues for future research.","PeriodicalId":302155,"journal":{"name":"POL: Other Strategy Models for Firm Performance Enhancement (Topic)","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116462001","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}
{"title":"Determinants of Absorptive Capacity: Contrasting Manufacturing vs Services Enterprises","authors":"Ching‐Hsun Chang, Yu‐Shan Chen, M. Lin","doi":"10.1111/radm.12086","DOIUrl":"https://doi.org/10.1111/radm.12086","url":null,"abstract":"The purpose of this study is to explore the determinants and the consequent of absorptive capacity from the resource‐capability‐performance framework in the Taiwanese manufacturing and service industries. Structural equation modeling is applied to verify the conceptual model. In both of the Taiwanese manufacturing industry and the Taiwanese service industry, this study verifies that resource commitment and resource flexibility are two antecedents of absorptive capacity, and that new product development performance or service innovation performance is its consequent. Besides, the empirical results show that absorptive capacity plays a partial mediator in the manufacturing industry but a full mediator in the service industry. If companies would like to raise their new product development performance or service innovation performance, they have to enhance their resource commitment, resource flexibility, and absorptive capacity. Moreover, this study finds that the resource commitment of small and medium enterprises is significantly less than that of large enterprises in Taiwanese manufacturing industry. This study also finds that resource flexibility of established companies is significantly higher than that of younger companies in Taiwan.","PeriodicalId":302155,"journal":{"name":"POL: Other Strategy Models for Firm Performance Enhancement (Topic)","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127980418","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}