Business HorizonsPub Date : 2026-05-01Epub Date: 2025-05-23DOI: 10.1016/j.bushor.2025.05.003
Richard T. Watson, Hani Safadi
{"title":"Capital asymmetry: A lens for strategic analysis","authors":"Richard T. Watson, Hani Safadi","doi":"10.1016/j.bushor.2025.05.003","DOIUrl":"10.1016/j.bushor.2025.05.003","url":null,"abstract":"<div><div>Capital asymmetry exists when an organization has an integrated set of resources that facilitates a competitive advantage. For example, Apple’s tight integration of software and hardware (organizational capital) and reputable brand (symbolic capital) enables it to earn around a 30% profit margin. Asymmetries are created by developing exceptional capital. A capital-based advantage might be emulated, but the successful first mover usually gains a market share increase that is difficult for the imitators to erode. The article identifies the types of capital asymmetries an organization can work toward. The disruptive effects of developing a capital asymmetry appear when we dissect critical transitions in automotive market share and profits via examining Ford, GM, Toyota, BMW, Tesla, and BYD. The automotive industry oscillates between relatively long periods of incremental modification and abrupt radical change when a new asymmetry emerges, and the redistribution of market share and profits persists until the next capital asymmetry arrives. As the automotive industry transitions from internal combustion engines to electric motors, incumbents and newcomers seeking a successful business model can learn from more than a century of capital asymmetry-based competition. Therefore, this article introduces a capital asymmetry analysis grid to assist an enterprise’s search for a competitive capital asymmetry and the planning and implementation of capital asymmetry.</div></div>","PeriodicalId":48347,"journal":{"name":"Business Horizons","volume":"69 3","pages":"Pages 395-405"},"PeriodicalIF":7.0,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147871985","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"From the US–China decoupling to a multifoci network: MNCs’ adaptive responses","authors":"Md Tareq Bin Hossain , Irina Naoumova , Nazly Katherine Nardi , Ru-Shiun Liou","doi":"10.1016/j.bushor.2025.04.007","DOIUrl":"10.1016/j.bushor.2025.04.007","url":null,"abstract":"<div><div>The ongoing United States (US) and China decoupling has intensified uncertainty in global trade, compelling multinational corporations (MNCs) to reassess and restructure their resource dependencies and adapt to the new global environment. Drawing on resource dependency theory (RDT) and institutional theory, this study examines the impact of the US–China decoupling on MNCs and highlights their actions for navigating the resulting complexities. To address these complexities, MNCs are strategically relocating their operations to other emerging economies like Latin America, the Caribbean, Africa, India, or ASEAN nations. This process of MNC relocations will lead to a multifoci network economy, in which firms develop resilience via regional diversification and institutional adaptation. By reconfiguring their operations, MNCs not only navigate geopolitical disruptions but also enhance long-term sustainability and competitive advantage. This study contributes to the literature by providing a theoretical and practical framework for understanding how MNCs proactively manage uncertainty amid shifting global trade dynamics.</div></div>","PeriodicalId":48347,"journal":{"name":"Business Horizons","volume":"69 3","pages":"Pages 319-334"},"PeriodicalIF":7.0,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147871988","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business HorizonsPub Date : 2026-05-01Epub Date: 2025-04-30DOI: 10.1016/j.bushor.2025.04.011
Johanna Knapp , Heiko Gebauer , Felix Wortmann
{"title":"Unlocking the benefits of direct-to-consumer (DTC) strategies without alienating dealers","authors":"Johanna Knapp , Heiko Gebauer , Felix Wortmann","doi":"10.1016/j.bushor.2025.04.011","DOIUrl":"10.1016/j.bushor.2025.04.011","url":null,"abstract":"<div><div>This study examines the evolving role of direct-to-consumer (DTC) strategies among product manufacturers, with a particular focus on their relationship with dealer-based customer engagement. While moving closer to customers via DTC models offers significant benefits (e.g., enhanced brand identity, improved competitive positioning, valuable data insights, and increased customer retention), these strategies can also generate tension with traditional dealer networks. Such tensions give rise to the DTC paradox, in which DTC initiatives fail to deliver anticipated returns and strain dealer relationships. Drawing on four in-depth case studies from leading international manufacturers, this article outlines a framework for implementing DTC strategies across key phases of the customer journey: awareness, purchasing, usage, and retention. The findings demonstrate that rather than bypassing dealers, manufacturers can achieve better outcomes by integrating dealers into their DTC strategies. This hybrid approach reduces channel conflict, enhances digital engagement, and fosters stronger, long-term customer relationships. Our study contributes to the literature on omnichannel marketing, hybrid sales models, and coopetition, offering actionable insights for manufacturers navigating the challenges of digital transformation while maintaining productive dealer collaborations.</div></div>","PeriodicalId":48347,"journal":{"name":"Business Horizons","volume":"69 3","pages":"Pages 353-368"},"PeriodicalIF":7.0,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147871990","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business HorizonsPub Date : 2026-05-01Epub Date: 2025-04-05DOI: 10.1016/j.bushor.2025.04.002
Jonathan M. Bird , Herman Aguinis
{"title":"A SPARC for bridging the research-policy gap","authors":"Jonathan M. Bird , Herman Aguinis","doi":"10.1016/j.bushor.2025.04.002","DOIUrl":"10.1016/j.bushor.2025.04.002","url":null,"abstract":"<div><div>A novel research-policy gap exists in management. Encouragingly, some journals (e.g., <em>Business Horizons</em>) have purpose or mission statements that explicitly call for business practice implications in manuscript submissions. However, these journals rarely call for policy implications, even though such implications may have a broader impact on business practice. Moreover, researchers lack concrete and actionable guidance for bridging the research-policy gap. As such, we address this challenge by developing SPARC: a framework that helps management scholars design impactful research and derive policy implications. SPARC is an acronym for <em>societal challenge</em> (S), <em>pragmatism</em> (P), <em>action</em> (A), <em>result</em> (R), and <em>connections</em> (C). In this article, we describe each component and provide specific, sequential, and actionable steps for maneuvering this framework. We aim not just to tell but also to show its effectiveness and usefulness in enhancing research’s impact on policymaking, and we demonstrate how to apply SPARC for research planning and dissemination. By narrowing the research-policy gap, SPARC provides researchers with actionable tools to become policademics, thereby improving the field of management’s societal impact, relevance, and stature.</div></div>","PeriodicalId":48347,"journal":{"name":"Business Horizons","volume":"69 3","pages":"Pages 307-318"},"PeriodicalIF":7.0,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147871982","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business HorizonsPub Date : 2026-05-01Epub Date: 2025-05-23DOI: 10.1016/j.bushor.2025.05.002
Olivia Scheibel , Amir Bahman Radnejad , Oleksiy Osiyevskyy
{"title":"Redline innovations: Strategic responses to stakeholder opposition in innovation management","authors":"Olivia Scheibel , Amir Bahman Radnejad , Oleksiy Osiyevskyy","doi":"10.1016/j.bushor.2025.05.002","DOIUrl":"10.1016/j.bushor.2025.05.002","url":null,"abstract":"<div><div>When pursuing economically advantageous innovation projects, it is common for firms to face strong opposition from nonmarket stakeholders like governments, NGOs, and activist groups. This article introduces the concept of a <em>redline innovation</em>, referring to innovation projects that, while economically advantageous to a firm, encounter substantial resistance from nonmarket stakeholders. Implementing effective innovation strategies in these contentious scenarios is crucial, as failure can result in erosion of competitive edge, missed economic opportunities, reputational damage, and operational disruptions. Grounded in nonmarket strategy theorizing, our strategic framework explains how firms might respond to pressures against redline innovations. Categorizing these responses into three strategic themes—backing away, bridging, and buffering—across variable engagement levels (none, reactive, proactive), we identify nine distinct strategies firms can adopt when confronting nonmarket stakeholder backlash against an innovative project. The analysis reveals that the choice of strategy significantly impacts a firm’s ability to maintain legitimacy, manage risks, and achieve economic benefits. We provide actionable insights for managers and policymakers, emphasizing the need for a nuanced approach to managing nonmarket stakeholder opposition in innovation processes while recognizing that innovation contexts are dynamic and can evolve over time. Our findings are intended to enhance both strategic decision-making and policy formulation in contentious innovation landscapes.</div></div>","PeriodicalId":48347,"journal":{"name":"Business Horizons","volume":"69 3","pages":"Pages 379-394"},"PeriodicalIF":7.0,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147871984","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business HorizonsPub Date : 2026-05-01Epub Date: 2025-06-06DOI: 10.1016/j.bushor.2025.06.001
Erik Hermann
{"title":"Self-driving labs: The new frontier for GenAI-driven marketing research","authors":"Erik Hermann","doi":"10.1016/j.bushor.2025.06.001","DOIUrl":"10.1016/j.bushor.2025.06.001","url":null,"abstract":"<div><div>Generative artificial intelligence (GenAI) is not only becoming central to marketing research, but it can also enable the transition to fully autonomous marketing research. This article introduces a new approach to marketing research inspired by self-driving laboratories (SDLs), or autonomous research systems originally used in scientific fields (e.g., chemistry) to accelerate discovery via real-time, closed-loop experimentation. I lay out a framework for GenAI-driven marketing research that shows how GenAI can autonomously generate hypotheses, create and test marketing content and stimuli, and continuously improve results using real and synthetic consumer data. By integrating SDL principles like the design-make-test-analyze (DMTA) cycle, synthetic data use, multiobjective optimization, and parallel experimentation, this approach allows marketers to simulate, experiment, and adapt at scale. In addition, I highlight emerging real-world applications and conclude with recommendations for effectively and responsibly deploying GenAI-driven, SDL-inspired marketing research systems. As such, this work can inform and inspire marketers aiming to build more adaptive, data-driven, efficient, and scalable research systems.</div></div>","PeriodicalId":48347,"journal":{"name":"Business Horizons","volume":"69 3","pages":"Pages 407-418"},"PeriodicalIF":7.0,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147871986","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business HorizonsPub Date : 2026-05-01Epub Date: 2026-05-12DOI: 10.1016/S0007-6813(26)00039-X
{"title":"Inside front cover - ed board","authors":"","doi":"10.1016/S0007-6813(26)00039-X","DOIUrl":"10.1016/S0007-6813(26)00039-X","url":null,"abstract":"","PeriodicalId":48347,"journal":{"name":"Business Horizons","volume":"69 3","pages":"Page IFC"},"PeriodicalIF":7.0,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147871934","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business HorizonsPub Date : 2026-05-01Epub Date: 2025-04-24DOI: 10.1016/j.bushor.2025.04.009
Katherine Leanne Christ , Roger Leonard Burritt
{"title":"Modern slavery due diligence: A framework for business","authors":"Katherine Leanne Christ , Roger Leonard Burritt","doi":"10.1016/j.bushor.2025.04.009","DOIUrl":"10.1016/j.bushor.2025.04.009","url":null,"abstract":"<div><div>Recent legislation that encourages businesses to call out modern slavery aspects of human trafficking practice and bring it to an end aims to increase business transparency and the exercise of due diligence. This article looks to overcome confusion for C-suite members over what due diligence means and what its focus should be. We develop a twin-track approach that outlines and then integrates inside-out and outside-in approaches toward due diligence, centered on addressing risks to people and reducing modern slavery risks to business.</div></div>","PeriodicalId":48347,"journal":{"name":"Business Horizons","volume":"69 3","pages":"Pages 281-293"},"PeriodicalIF":7.0,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147871980","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business HorizonsPub Date : 2026-05-01Epub Date: 2025-10-28DOI: 10.1016/j.bushor.2025.10.006
Yijing Wang , Daniel Laufer
{"title":"Managing spillover crises in the age of GenAI","authors":"Yijing Wang , Daniel Laufer","doi":"10.1016/j.bushor.2025.10.006","DOIUrl":"10.1016/j.bushor.2025.10.006","url":null,"abstract":"<div><div>The rapid development of generative artificial intelligence (GenAI) has marked a significant shift in how organizations operate and innovate. While GenAI offers new opportunities, it also entails new risks that can escalate into crises. These crises are not always limited to the organization where they originate but can spill over to other organizations in the same sector, causing broader reputational consequences. In this article, we investigate such spillover crises in the age of GenAI. We build on Laufer and Wang’s crisis spillover model and extend it to GenAI-related contexts. Specifically, we identify five types of spillover crises associated with GenAI and illustrate them using real-world cases that highlight how reputational damage can extend beyond a single firm and affect others in the industry. We propose a strategic framework to help organizations identify the risk of spillover crises, and we offer prescriptive guidance for avoiding, mitigating, or responding to spillover crises when they occur.</div></div>","PeriodicalId":48347,"journal":{"name":"Business Horizons","volume":"69 3","pages":"Pages 269-279"},"PeriodicalIF":7.0,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147871979","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Business HorizonsPub Date : 2026-05-01Epub Date: 2025-04-25DOI: 10.1016/j.bushor.2025.04.008
Sven Depner , Alexander Richter
{"title":"Cloud meets customer: IT service providers in the public cloud ecosystem","authors":"Sven Depner , Alexander Richter","doi":"10.1016/j.bushor.2025.04.008","DOIUrl":"10.1016/j.bushor.2025.04.008","url":null,"abstract":"<div><div>Over the past 2 decades, the cloud computing market has evolved into a global oligopoly dominated by a few major players, including Amazon Web Services, Microsoft Azure, and Google Cloud, which offer highly scalable and technologically advanced platforms. The variety and complexity of their offerings necessitate complementing services—ranging from advice on benefits and risks of cloud transformation via implementation and migration projects to continuously operating, securing, and optimizing a cloud environment. The range of customer demands is as vast as the number of ways to respond. This study synthesizes the broad range of services in this area, as well as the corresponding market demands and preconditions to provide such services. We suggest a framework designed to help the stakeholders in this market navigate a dynamic, evolving ecosystem comprised of hyperscalers, IT service providers, and their customers, and provide recommendations to address existing challenges.</div></div>","PeriodicalId":48347,"journal":{"name":"Business Horizons","volume":"69 3","pages":"Pages 295-306"},"PeriodicalIF":7.0,"publicationDate":"2026-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147871981","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}