Journal of Business Strategy最新文献

{"title":"Corporate financial disclosures and the importance of readability","authors":"Nadia Smaili, Anne‐Marie Gosselin, J. Le Maux","doi":"10.1108/jbs-07-2021-0127","DOIUrl":"https://doi.org/10.1108/jbs-07-2021-0127","url":null,"abstract":"\u0000Purpose\u0000This paper draws on prior studies on the readability of corporate financial disclosures to discuss why readability should be a concern for firms. Guidance and recommendations are offered to help firms improve their financial disclosures.\u0000\u0000\u0000Design/methodology/approach\u0000The authors base their analysis on the management and accounting literature on readability.\u0000\u0000\u0000Findings\u0000This paper presents the main causes and consequences of complexity in corporate disclosures and identifies four disclosure writing styles: obfuscation, informativeness, deception and avoidance. This paper suggests that firms concerned about the readability of their communications use a balanced strategy and proposes some practical actions for its implementation.\u0000\u0000\u0000Originality/value\u0000This paper makes several contributions by offering insights into questions that should be raised by top management and the board of directors, including: Why care about readability? What are the causes and consequences of low readability? What strategies can we adopt and how should we implement them?\u0000","PeriodicalId":55881,"journal":{"name":"Journal of Business Strategy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41940444","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 new not normal","authors":"P. Hirsch","doi":"10.1108/jbs-01-2022-0002","DOIUrl":"https://doi.org/10.1108/jbs-01-2022-0002","url":null,"abstract":"\u0000Purpose\u0000This study aims to examine the impact of an extended multi-year COVID-19 pandemic on corporate planning.\u0000\u0000\u0000Design/methodology/approach\u0000A review of trends in supply chain, manufacturing and human capital management arising from the COVID-19 pandemic.\u0000\u0000\u0000Findings\u0000Companies need to initiate fundamental review of their existing business models to adjust to long-term changes to the business environment created by the pandemic.\u0000\u0000\u0000Originality/value\u0000To the best of the author’s knowledge, there have been few comprehensive examinations of the business impact of a 5–10-year continuation of the COVID-19 pandemic.\u0000","PeriodicalId":55881,"journal":{"name":"Journal of Business Strategy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42758819","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 CSL Biotech became a global player: getting ahead of the competition","authors":"Mark P. Ward, Oleksiy Osiyevskyy","doi":"10.1108/jbs-08-2021-0151","DOIUrl":"https://doi.org/10.1108/jbs-08-2021-0151","url":null,"abstract":"\u0000Purpose\u0000This paper aims to examine the role strategic problem identification and resolution played in identifying and capturing new sources of competitive advantage as CSL Limited (CSL) transformed itself into the world’s fifth-largest biotechnology company. Historical accounts of superior business growth are usually explained by looking back to identify a firm’s sources of competitive advantage. However, what managers really want to know is how to identify opportunities to create and capture competitive advantage ahead of competitors.\u0000\u0000\u0000Design/methodology/approach\u0000The authors examined CSL’s journey between 1994 and 2019 through a case study approach and the lens of the problem-identification and problem-solving perspective (PSP). The PSP assumes strategic problems act as antecedents to discovering and capturing new sources of competitive advantage. The problems a firm identifies and resolves influences whether or not, in what direction and for whom an organization creates value.\u0000\u0000\u0000Findings\u0000The authors provide examples of the strategic problems CSL identified and how they acted as the catalyst to proactively identify new sources of competitive advantage. The formulated problems helped manager to see in advance what resources, capabilities and governance mechanisms would be required to create and capture value.\u0000\u0000\u0000Originality/value\u0000Generalizing the lessons learned, the authors propose a business-problem classification framework and portfolio approach to encourage managers to identify, formulate and resolve different types of strategic problems. These problems could motivate firms to tackle problems beyond which they have successfully tackled before and discover new sources of competitive advantage ahead of competitors.\u0000","PeriodicalId":55881,"journal":{"name":"Journal of Business Strategy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44684360","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":"Service ecosystems: why the media industry prefers access, not ownership","authors":"Jennifer Chandler, Atul Teckchandani","doi":"10.1108/jbs-08-2021-0137","DOIUrl":"https://doi.org/10.1108/jbs-08-2021-0137","url":null,"abstract":"\u0000Purpose\u0000Because of the increasing importance of access over ownership, the purpose of this paper is to propose a service ecosystem perspective to help managers navigate hypercompetition. With the rise of cloud-based services and the ongoing recovery from the COVID-19 pandemic, the global economy has shifted toward hypercompetition, a state characterized by organizational advantages that are rapidly created and then destroyed by intense competitive moves. Because advantages are quickly eroded, organizations must be aggressive in the number of actions they take and the speed with which they execute these actions. The service ecosystem perspective focuses on relationships that allow organizations to jointly adjust to one another and to their environment.\u0000\u0000\u0000Design/methodology/approach\u0000This paper first reviews traditional strategies for navigating hypercompetition. Then, it presents an explanation of the service ecosystem perspective. Finally, the three north stars and media examples are provided.\u0000\u0000\u0000Findings\u0000The service ecosystem perspective asserts “north stars” that can guide managerial decision-making in hypercompetitive environments. These north stars are: cultivate system norms, facilitate feedback loops and embrace servitization.\u0000\u0000\u0000Originality/value\u0000In today’s world, organizations are increasingly seeking access to resources instead of ownership of them. The proposed approach suggests that, rather than an organization owning the resources it needs to achieve advantages, organizations are increasingly relying on accessing resources by coordinating with other organizations to draw upon the resource(s) as needed, without incurring the additional burdens of ownership. Examples from the media industry are used to illustrate the three north stars of the service ecosystems perspective.\u0000","PeriodicalId":55881,"journal":{"name":"Journal of Business Strategy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48673191","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":"Social media and new services: how a consulting firm leveraged LinkedIn","authors":"M. Benedic","doi":"10.1108/jbs-04-2021-0074","DOIUrl":"https://doi.org/10.1108/jbs-04-2021-0074","url":null,"abstract":"\u0000Purpose\u0000This paper aims to explore how social media can be used strategically for delivering new services in a small- and medium-sized enterprise (SME) context.\u0000\u0000\u0000Design/methodology/approach\u0000Single case study: CONSULT+ (pseudonym), a consulting firm specialized in change management. Consultants use a social media network to develop their new services.\u0000\u0000\u0000Findings\u0000To take on the challenges of heightened competition, CONSULT+ has created thematic business units to encourage new service development. This research explored strategies, practices and benefits associated of using social media network by intrapreneurs at all levels of new service idea trajectory (idea generation, elaboration, championing and implementation).\u0000\u0000\u0000Research limitations/implications\u0000The research is based on a single case study. Further research should be conducted to establish the generalization of the results.\u0000\u0000\u0000Practical implications\u0000This paper highlights the key success factors in making such an approach successful: raising awareness of the benefits of using social media; analysing of complementarities of tools; accompanying the development of advanced practices; capturing the valuable potential for the organization and avoiding negative effects of individual practices.\u0000\u0000\u0000Originality/value\u0000The research provides a unique approach that can be practically implemented within knowledge-intensive SMEs to leverage social media network to deliver new services (best practices and insights for managerial support schemes).\u0000","PeriodicalId":55881,"journal":{"name":"Journal of Business Strategy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43949369","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":"Why companies succeed or fail: corporate cycles and firm function in tandem","authors":"P. Mourdoukoutas, Abraham Stefanidis","doi":"10.1108/jbs-09-2021-0164","DOIUrl":"https://doi.org/10.1108/jbs-09-2021-0164","url":null,"abstract":"\u0000Purpose\u0000This paper aims to underscore the need for developing a model of corporate cycles, which can explain how corporations rise, decline and fall in the marketplace.\u0000\u0000\u0000Design/methodology/approach\u0000This is a conceptual study that draws on prior theoretical and empirical insights of the entrepreneurial, managerial and social functions of the firm to develop a model of corporate cycles.\u0000\u0000\u0000Findings\u0000Firms that pass the test of the market and live for a long time, undergo cycles, expansions and contractions, driven by successes and failures in the way they configure and execute their entrepreneurial, managerial and social, functions.\u0000\u0000\u0000Practical implications\u0000A model of corporate cycles can explain how momentum rises and falls on Wall Street. It can also help predict revenue growth, a key variable in equity valuation models.\u0000\u0000\u0000Originality/value\u0000The originality of this study stems from a constructive synthesis of different concepts and theories of the firm to explain firms’ growth, decline and fall in the marketplace.\u0000","PeriodicalId":55881,"journal":{"name":"Journal of Business Strategy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43834366","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":"Why being sustainable is not enough: embracing a net positive impact","authors":"U. Lichtenthaler","doi":"10.1108/jbs-09-2021-0153","DOIUrl":"https://doi.org/10.1108/jbs-09-2021-0153","url":null,"abstract":"\u0000Purpose\u0000This paper develops the concept of positive sustainability or positainability to go beyond many leaders’ traditional understanding of sustainability as primarily avoiding harm. Rather, executives need to embrace a positive perspective in terms of doing good and creating value in a firm’s core business as the next level of sustainability management. Positive sustainability is defined as the combination of doing good and avoiding bad to arrive at innovative solutions for achieving a “net positive impact” in the core business rather than merely targeting “no net loss” by reducing harm for the environment and society.\u0000\u0000\u0000Design/methodology/approach\u0000This is a conceptual paper with an example, and it relies on prior insights from related research fields, including the sustainable development goals, corporate social responsibility, creating shared value, positive psychology, social entrepreneurship and social innovation.\u0000\u0000\u0000Findings\u0000Many organizations have recently launched sustainability initiatives, which often focus on achieving efficiency gains, for example, by reducing power consumption to lower carbon emissions in the face of climate change and to simultaneously save costs. In future competition, however, avoiding unsustainability in the core business and potentially doing good in separate social responsibility programs will not be enough. Furthermore, a focus on “quick win” efficiency gains may limit a more fundamental transformation, which is needed in many firms. There is a massive shift in consumer expectations, especially among younger generations, concerning firms’ active contribution to solving environmental and social challenges. Consistent with positive psychology, these market shifts require a positive perspective in terms of doing good in the core business.\u0000\u0000\u0000Originality/value\u0000The concept of positive sustainability has major implications for innovation, transformation and communications management. Even those firms that view themselves as leaders hardly realize the opportunities from positive sustainability. By developing innovative solutions, products and services, companies may positively contribute to the environment and society. In the medium to long term, this positive impact will often exceed the short-term benefits of efficiency-centered programs. Most firms and leaders will simply have no choice but to embrace a “net positive impact” because customers strongly expect companies to take action in terms of positive sustainability.\u0000","PeriodicalId":55881,"journal":{"name":"Journal of Business Strategy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41711958","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":"Building an ethical culture by improving conditions for whistleblowing","authors":"Nadia Smaili","doi":"10.1108/jbs-07-2021-0123","DOIUrl":"https://doi.org/10.1108/jbs-07-2021-0123","url":null,"abstract":"\u0000Purpose\u0000This paper aims to discuss the importance of an effective internal whistleblowing system in building a more ethical organizational climate.\u0000\u0000\u0000Design/methodology/approach\u0000This study draws on the literature to make recommendations for organizations, managers and boards of directors regarding implementing an effective whistleblowing process.\u0000\u0000\u0000Findings\u0000This paper offers practical information on what constitutes an appropriate level of preparedness and responsiveness. Organizations can reinforce their internal ethics by encouraging whistleblowers to report complaints internally. An effective whistleblowing process depends on the organization’s desire to build an ethical climate and its awareness of the power of whistleblowing as an ethical tool.\u0000\u0000\u0000Originality/value\u0000This study will help managers and other professionals to create and maintain an ethical climate by implementing an effective whistleblowing process. The discussion in this paper is important for any type of organization concerned with empowering whistleblowers and the whistleblowing process.\u0000","PeriodicalId":55881,"journal":{"name":"Journal of Business Strategy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46577012","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":"Footprints in the cloud: the hidden cost of IT infrastructure","authors":"P. Hirsch","doi":"10.1108/jbs-11-2021-0175","DOIUrl":"https://doi.org/10.1108/jbs-11-2021-0175","url":null,"abstract":"\u0000Purpose\u0000The purpose of this paper is to examine the hidden carbon footprint of corporate big data infrastructures and provide guidance for communicators responsible for corporate ESG and reputation.\u0000\u0000\u0000Design/methodology/approach\u0000It is based on a subjective view of the literature on this topic, selecting relevant examples.\u0000\u0000\u0000Findings\u0000The authors found that consciousness within corporations of the carbon footprint of their own information technology infrastructures is low and only a few companies have a strategy for identifying it.\u0000\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this is the first treatment of this subject from the perspective of the corporate owner of ESG and reputation.\u0000","PeriodicalId":55881,"journal":{"name":"Journal of Business Strategy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49382992","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":"Coopetition in a failed merger project: why two French companies called it quits","authors":"Anne-Sophie Thelisson","doi":"10.1108/jbs-06-2021-0102","DOIUrl":"https://doi.org/10.1108/jbs-06-2021-0102","url":null,"abstract":"\u0000Purpose\u0000Coopetition includes cooperation and competition, sometimes simultaneously, among firms from a specific industry involved in a merger and acquisition (M&A) operation. However, despite their high number, most mergers end in failure. Therefore, looking at how firms cooperate and compete when planning a merger operation can be a key to better understand post-merger integration, set achievable synergies for both parties and better understand the organizational culture of both companies. Also, external events in a rapidly changing environment can affect the global strategy of organizations and impact the desire for firms to engage in mergers and acquisitions.\u0000\u0000\u0000Design/methodology/approach\u0000The author investigates how merger negotiations were conducted and influence coopetition among two firms engaged in such an operation. The author describes the project merger of two French companies using longitudinal data.\u0000\u0000\u0000Findings\u0000This in-depth case study provides new insights into coopetition dynamics during merger negotiations and the influence of a global crisis on the overall strategy of two firms. The authors specifically detail how cooperation and competition were present in M&A negotiations and how the rapidly changing environment influenced the planned operation. First, cooperation was privileged as companies enhanced information sharing and communication for their joint strategy. Then, with the evolution of the environment, new opportunities were given to the target company, which decided to quit the merger project. Therefore, both firms engaged in a competitive context as the crisis helped the target company (in difficulty at the beginning of negotiations) to develop new projects and to become a real rival of the acquiring company in its local ecosystem.\u0000\u0000\u0000Research limitations/implications\u0000The limitations are those concerning a single case study.\u0000\u0000\u0000Practical implications\u0000The study highlights the complexity of merger negotiations and the unexpected events faced by integration stakeholders. The analysis, thus, contributes to an inclusive and integrative view of the challenges in the merger process. The study questions coopetition issues in regional clusters as both firms operate in the same industry in the same region. For practitioners, the study questions how to balance the risks and rewards of coopetition activities over time. The case addresses information sharing in coopetition projects and the fear that the data and information revealed during negotiations will affect the company’s competitive advantage once the merger plan is abandoned. In the context of the rapidly changing environmental crisis, managers will reflect on continuing to cooperate with their competitors or pursuing their activities on their own.\u0000\u0000\u0000Social implications\u0000Despite their high number, M&A failures remain surprisingly high. This study explores how stakeholders deal with merger negotiations and how external events impact such negotiations and merger projects by raising","PeriodicalId":55881,"journal":{"name":"Journal of Business Strategy","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44370490","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}