Strategy Science最新文献_第5页

See You in Your Backyard: Multipoint Contact, Firm’s Capacity and Capability, and Technological Expansion 《后院见:多点接触、公司的能力和技术拓展》

IF 3.9

Strategy Science Pub Date : 2022-08-29 DOI: 10.1287/stsc.2022.0174

You-Ta Chuang, David H. Weng, Chia-Hung Wu, K. Thomson

引用次数: 0

Structural Causal Modeling of Managerial Interventions: What If Managers Had Not Intervened by Doing This? 管理干预的结构因果模型：如果管理者没有通过这样做进行干预怎么办？

IF 3.9

Strategy Science Pub Date : 2022-07-26 DOI: 10.1287/stsc.2022.0169

Gwendolyn K. Lee, R. Bettis

{"title":"Structural Causal Modeling of Managerial Interventions: What If Managers Had Not Intervened by Doing This?","authors":"Gwendolyn K. Lee, R. Bettis","doi":"10.1287/stsc.2022.0169","DOIUrl":"https://doi.org/10.1287/stsc.2022.0169","url":null,"abstract":"Establishing causality beyond association, influence, or correlation is key to informed managerial decisions and interventions. What-if questions such as “What will happen to firm performance if managers intervene by doing this?” and “What if managers had not done this?” can now be formulated and answered by using the tools of structural causal modeling (SCM). SCM tools contribute a systematic methodology for designing and evaluating managerial interventions. Powered by SCM, researchers can increase the precision in theorizing mechanisms and develop the research designs that facilitate causal identification. As a demonstration of how to apply SCM for advancing theory and research design in strategic management, we study why and how the effect of governance mode on firm performance is transmitted through a reduction in the deviation of managerial decision from theory-based prescription. For example, managers may switch to a governance mode that is consistent with the governance mode prescribed according to transaction cost economics (TCE). The insights arising from SCM inform whether switching governance mode for the purpose of aligning with TCE prescription will improve performance, and, if yes, by how much. Beyond TCE, we point to theory-based prescriptions in strategic management that could benefit from using SCM to probe what-if questions.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":" ","pages":""},"PeriodicalIF":3.9,"publicationDate":"2022-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44363820","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}

引用次数: 0

The Varying Returns to Diversification Along the Value Chain 价值链多元化的不同回报

IF 3.9

Strategy Science Pub Date : 2022-07-20 DOI: 10.1287/stsc.2022.0171

Ekaterina V. Karniouchina, Stephen J. Carson, W. L. Moore, Kumar R. Sarangee, Can Uslay

{"title":"The Varying Returns to Diversification Along the Value Chain","authors":"Ekaterina V. Karniouchina, Stephen J. Carson, W. L. Moore, Kumar R. Sarangee, Can Uslay","doi":"10.1287/stsc.2022.0171","DOIUrl":"https://doi.org/10.1287/stsc.2022.0171","url":null,"abstract":"This study examines whether the benefits of diversification vary across different value chain activities. The returns to diversification in product development and distribution activities are analyzed using a framework grounded in the intraindustry diversification literature and the resource-based view (RBV) of the firm. The study uses data from cocreation arrangements in the motion picture industry in which value chain activities are nearly decomposable—that is, split across producers and distributors—as a natural field study. Results based on 779 movies linked to 57 different production studios and distributed via 30 unaffiliated distributors or vertically integrated distribution branches show that greater focus in film production has a positive effect on profitability, whereas the level of focus/diversification in distribution is unrelated to profitability. This result holds regardless of whether the two functions are carried out within an integrated organization or across independent firms. Moreover, there is significant heterogeneity in the extent to which production studios benefit from increased focus which is tied to the composition of their product portfolios.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":" ","pages":""},"PeriodicalIF":3.9,"publicationDate":"2022-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48792841","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}

引用次数: 0

Pankaj Ghemawat’s Commitment and the New Stakeholder Theory Pankaj Ghemawat的承诺与新利益相关者理论

IF 3.9

Strategy Science Pub Date : 2022-06-01 DOI: 10.1287/stsc.2022.0161

A. McGahan

引用次数: 1

Boards of Directors and Corporate Strategy: Some Reflections on Pankaj Ghemawat’s Contributions 董事会与企业战略：对潘卡伊·盖玛瓦特贡献的几点思考

IF 3.9

Strategy Science Pub Date : 2022-06-01 DOI: 10.1287/stsc.2022.0165

Jordi Canals

引用次数: 1

Commitment and Competitive Advantage in a Digital World 数字世界中的承诺与竞争优势

IF 3.9

Strategy Science Pub Date : 2022-06-01 DOI: 10.1287/stsc.2022.0164

B. Cassiman, J. Ricart, G. Valentini

引用次数: 0

Pankaj Ghemawat’s Commitment and the Job of the Strategist Pankaj Ghemawat的承诺和战略家的工作

IF 3.9

Strategy Science Pub Date : 2022-06-01 DOI: 10.1287/stsc.2022.0168

Giovanni Gavetti, J. Porac

引用次数: 0

Investors Meet Dynamic Strategy 投资者满足动态策略

IF 3.9

Strategy Science Pub Date : 2022-06-01 DOI: 10.1287/stsc.2022.0163

R. Morck, B. Yeung, Luoxing Zhang

{"title":"Investors Meet Dynamic Strategy","authors":"R. Morck, B. Yeung, Luoxing Zhang","doi":"10.1287/stsc.2022.0163","DOIUrl":"https://doi.org/10.1287/stsc.2022.0163","url":null,"abstract":"Professor Ghemawat argues that commitment is key to gaining a competitive advantage, but can leave a firm vulnerable to rapid and disruptive changes. He and other leading strategy scholars explore the intricacies of developing and sustaining a dynamic competitive advantage. Yet, economists argues that most firms eventually fail to maintain competitiveness. Functionally efficient financial markets, by capitalizing innovative entrants and culling uncompetitive firms, sustain economy-level prosperity. Ghemawat (1991) highlights this tension: firm-level competitiveness can give investors high returns for years, while returns regress towards the mean. Applying this insight to well-documented historical episodes of rapid innovation in various industries, we show that leading U.S. firms in 1920s acquired durable competitive advantages, as did many in the 1960s, but that later entrants often felled early leaders in the 1990s IT boom, consistent with intensified creative destruction. Still, even these shorter-term winners paid well above average cumulative returns. Strategy research that could predict the durability of leading firms’ competitive advantages through an era of rapid innovation would have tremendous value to practitioners in finance.","PeriodicalId":45295,"journal":{"name":"Strategy Science","volume":" ","pages":""},"PeriodicalIF":3.9,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43777119","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}

引用次数: 0

Strategy Through a Ghemawat Lens: Honoring and Building on the Contributions of Pankaj Ghemawat Ghemawat视角下的战略：尊重和巩固Pankaj Ghemawat的贡献

IF 3.9

Strategy Science Pub Date : 2022-06-01 DOI: 10.1287/stsc.2022.0166

B. Cassiman, Tarun Khanna, Daniel A. Levinthal

引用次数: 0

Local Value Chains in European MNEs 欧洲跨国公司的本地价值链

IF 3.9

Strategy Science Pub Date : 2022-06-01 DOI: 10.1287/stsc.2022.0167

Catherine Thomas

引用次数: 0