IESE Business School Working Paper Series最新文献

{"title":"Theorizing and Strategizing with Models: Generative Models of Business Models","authors":"C. Seelos","doi":"10.2139/ssrn.1645200","DOIUrl":"https://doi.org/10.2139/ssrn.1645200","url":null,"abstract":"The ambiguity surrounding model-based science is exemplified by the proliferation of meanings of the term \"business model\". We argue that a clearer specification of the analytical, theoretical and ontological validity of models is an opportunity to learn about and understand complex organizational phenomena more systematically. We apply this to research on social entrepreneurship and pro-poor business models that has been criticized as being overly theoretical and conceptually ambiguous. Business models are presented as narratives that integrate various actors, actions, stories, and outcomes, without a clear perspective of why these elements were selected and what we can learn from them. This paper outlines an explicit modeling process as an investigative tool that enables transparent and systematic theorizing of business models. Using an illustrative case study, we develop a generative model that accounts for the social mechanisms that explain how business models achieve multiple strategic objectives and multiple dimensions of economic and social value creation.","PeriodicalId":395628,"journal":{"name":"IESE Business School Working Paper Series","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121974256","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":"Love in Companies","authors":"Antonio Argandoña","doi":"10.2139/ssrn.1618251","DOIUrl":"https://doi.org/10.2139/ssrn.1618251","url":null,"abstract":"The traditional theories of the firm leave no room for love in business organizations, perhaps because it is thought that love is only an emotion or feeling, not a virtue, or because economic efficiency and profit making are considered to be incompatible with the practice of charity or love. In this paper we show, based on a theory of the firm, that love can and must be lived in companies for companies to operate efficiently, be attractive to those who take part in them and act consistently in the long run. (Also available in Spanish)","PeriodicalId":395628,"journal":{"name":"IESE Business School Working Paper Series","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126711885","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 Spanish Mutual Funds: New Surprises in the Period 2000-2009","authors":"Juan Palacios","doi":"10.2139/SSRN.1616589","DOIUrl":"https://doi.org/10.2139/SSRN.1616589","url":null,"abstract":"This paper concludes a research on the Spanish Mutual Funds which appeared in a previous work covering the period of the 90’s. Taken together, both papers cover a period of 18 years that allows to reach some unusual conclusions. In the first paper, the Spanish Equity Mutual Funds underperformed the market by 5,7%. This abnormally huge difference could be partially explained by the high commissions charged by the funds, and by important errors in managing the funds’ portfolios, in particular: lack of diversification and wrong attempts to time the market. However, these explanations were not sufficient to account for the extremely poor performance of six funds which lagged the market by ten percentage points. The results in this new paper show a significant improvement in the return of the funds without any further evidence of the gross management errors so frequent in the 90’s. However, the Spanish funds continued to underperform the market in the last ten years and, at their present rate of improvement, they will need more than ten years to reach a performance comparable to that of the U.S. Mutual Funds. This papers reports three odd results: 1) the funds’ return-risk ratio is negative (i.e. funds with higher return assumed less risk than those with lower returns), 2) the index funds had a dismay performance lagging the market by more than 5% in return, and 3) high funds’ costs and fees do not account to explain fully the difference in return between the market and the funds. ?Where are the hidden costs? Decidedly, the Spanish Mutual Funds are quite peculiar which, perhaps, convert them into an interesting research topic. (Este trabajo concluye otro anterior centrado en la decada de los noventa sobre este mismo tema. En su conjunto, los dos trabajos abarcan 18 anos, por lo que pueden ofrecer conclusiones bastante contrastadas sobre el comportamiento de estos fondos. En el estudio anterior, la rentabilidad de los fondos se situo muy por debajo de la de la bolsa. Esta diferencia, mucho mayor que la habitual, se podia explicar por las comisiones de los fondos y por errores importantes y generalizados de sus gestores. Sin embargo, quedaban seis fondos con resultados muy negativos que no tenian una explicacion evidente. En este nuevo estudio hay una mejora significativa en la rentabilidad de los fondos. Su diferencia con la bolsa se ha reducido y no hay evidencia de los frecuentes errores de gestion del periodo anterior. A pesar de ello, la rentabilidad de los fondos, en su conjunto, sigue siendo poco satisfactoria, y al ritmo de mejora actual pasaran mas de diez anos antes de que alcancen la situacion actual de los fondos americanos, que dista de ser modelica. En este estudio aparecen tres nuevas sorpresas: 1) los fondos tienen una relacion rentabilidad-riesgo inversa, es decir, los mas rentables son los de riesgo menor; 2) la aparicion de los fondos indice ha sido decepcionante, con resultados inaceptables salvo algun caso concreto, y 3) la diferenc","PeriodicalId":395628,"journal":{"name":"IESE Business School Working Paper Series","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115044783","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":"Organizational Mechanisms of Inclusive Growth: A Critical Realist Perspective on Scaling","authors":"C. Seelos, J. Mair","doi":"10.2139/ssrn.1550719","DOIUrl":"https://doi.org/10.2139/ssrn.1550719","url":null,"abstract":"We investigate the challenge how the outcomes of innovation for inclusive growth, the novel organizational recipes, can be scaled to match the dimension of poverty. We conceptualize scaling as sustained event regularities between doing A and expected outcomes B. Building on a critical realist perspective, we develop an analytical framework of organizational closure and apply it to an extreme case, an organization with an inclusive growth model that has sustained event regularities for more than two decades. Our analysis reveals closure as an organizational competence with important implications for achieving scale in the context of poverty. We develop of a number of propositions between the link of organizational closure and scaling with implications for practice and further academic research.","PeriodicalId":395628,"journal":{"name":"IESE Business School Working Paper Series","volume":"48 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115805749","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":"Competitiveness, Productivity and Externalization: Food versus Autos in Catalonia","authors":"P. Ghemawat","doi":"10.2139/ssrn.1482967","DOIUrl":"https://doi.org/10.2139/ssrn.1482967","url":null,"abstract":"This paper re-examines the innovation-productivity nexus on the basis of a paired comparison between Catalonia's food and auto sectors. The sectoral studies expose a set of productivity enhancement mechanisms that do not involve innovation in the sense of anything new to the world, that are grouped under the rubric of renovation and comprise: - Reaching efficient scale - Rectifying (other) obvious internal deficiencies - Replicating or imitating innovations, techniques, etc., developed by others - Replacement of inefficient incumbents by more efficient entrants - Redeployment of resources across sectors The paper also discusses the implications of this broader perspective for industrial policy, and for internationalization.","PeriodicalId":395628,"journal":{"name":"IESE Business School Working Paper Series","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128812849","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":"Rethinking Regional Competitiveness: Catalonia's International and Interregional Trade 1995-2006","authors":"P. Ghemawat, Carlos Llano, Francisco Requena","doi":"10.2139/ssrn.1482986","DOIUrl":"https://doi.org/10.2139/ssrn.1482986","url":null,"abstract":"Studies of competitiveness tend to focus on a local economy's global interactions, particularly its international trade. But for countries that are at least mid-sized (such as Spain), interregional trade tends to be as large as or significantly larger than international trade. The case of Catalonia illustrates the importance of interregional flows in truly analyzing and devising strategies for a region's external competitiveness. Accounting for interregional trade changes and performing analyses of Catalonia's overall merchandise trade balance, which sectors generate external surpluses as opposed to deficits, and who Catalonia's key trading partners are, and the use of a gravity-model approach to estimate external border effects at the regional level for Catalonia and the rest of Spain, reveal significant variations by sector and by trading partner, generally higher external border effects for exports than imports, and declines in border effects over time - but with a discernible flattening in recent years.","PeriodicalId":395628,"journal":{"name":"IESE Business School Working Paper Series","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127072768","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 Structural Characteristics of Sport Organisations: Differentiation within Elite Spanish Professional Football Clubs","authors":"Sandalio Gómez, Carlos Martí, Magdalena Opazo","doi":"10.2139/ssrn.1269332","DOIUrl":"https://doi.org/10.2139/ssrn.1269332","url":null,"abstract":"The principal task of a professional football (soccer) club is to form a competitive team that participates in official competitions and achieves the sporting successes expected by its members and fans. This fundamental task constitutes the system which, in relation with its environment, defines subsystems in order to respond efficiently to the contextual challenges faced by the organization. Among these, the processes of professionalization and commercialization have particularly affected sports organizations. The most important subsystems distinguished by a club in Spanish professional football are: sport, communication, external relations, commerce, finance, wealth management, marketing, facilities, and legal and social affairs. All these areas are related to the accomplishment of the above-mentioned main task and some of them can be associated with the organizations' structural response to the challenges of professionalization and commercialization.","PeriodicalId":395628,"journal":{"name":"IESE Business School Working Paper Series","volume":"126 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127471793","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 Five Phases in the Transfer of HR Policies and Practices within MNCs","authors":"L. Susaeta, J. Pin","doi":"10.2139/ssrn.1115804","DOIUrl":"https://doi.org/10.2139/ssrn.1115804","url":null,"abstract":"The tension that multinational companies (MNCs) suffer in the transfer of their HR policies and practices leads us to take an in-depth look at the factors that affect this transfer. We divide the transfer process into five phases, ranging from the configuration of HR policies and practices in the parent company to their internalization by the subsidiaries' employees, and we analyze this process from six theoretical approaches, presenting the corresponding work hypotheses which will bring about the model of analysis.","PeriodicalId":395628,"journal":{"name":"IESE Business School Working Paper Series","volume":"117 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123051792","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":"A Capacitated Commodity Trading Model with Market Power","authors":"Víctor Martínez-de-Albéniz, J. Vendrell","doi":"10.2139/ssrn.1115785","DOIUrl":"https://doi.org/10.2139/ssrn.1115785","url":null,"abstract":"In this paper we consider the problem of a trader who purchases a commodity in one market and resells it in another. The trader is capacitated: the trading volume is limited by operational constraints, e.g., logistics. The two markets quote different prices, but the spread is reduced when trading takes place. We are interested in finding the optimal trading policy across the markets so as to obtain the maximum profit in the long-term, taking into account that the trading activity influences the price processes, i.e., market power. As in the no-market-power case, we find that the optimal policy is determined by three regions, where 1) move as much as possible from one market to the other; 2) the same in the opposite direction; or 3) do nothing. Finally, we use the model to analyze kerosene price differences between New York and Los Angeles.","PeriodicalId":395628,"journal":{"name":"IESE Business School Working Paper Series","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130758853","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":"Competing Through Business Models","authors":"R. Casadesus-Masanell, J. Ricart","doi":"10.2139/ssrn.1115201","DOIUrl":"https://doi.org/10.2139/ssrn.1115201","url":null,"abstract":"In this article a business model is defined as the firm choices on policies, assets and governance structure of those policies and assets, together with their consequences, be them flexible or rigid. We also provide a way to represent such business models to highlight the dynamic loops and to facilitate understanding interaction with other business models. Furthermore, we develop some tests to evaluate the goodness of a business model both in isolation as well as in interaction with other business models of different organizations, be those competitors, complements, suppliers, partners, etc.","PeriodicalId":395628,"journal":{"name":"IESE Business School Working Paper Series","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125104584","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}