{"title":"Corporate Responsibility Meets the Digital Economy","authors":"Leena Lankoski, N. Craig Smith","doi":"10.1177/00081256251343234","DOIUrl":"https://doi.org/10.1177/00081256251343234","url":null,"abstract":"Digital transformation has been changing and will continue to change nearly every aspect of business. As a result, the foundations of entire fields are now being revisited and updated to align with new developments. Corporate responsibility (CR) is one such field, and this article examines how important digital economy developments affect CR. The article uses three core questions—responsible for what? responsible toward whom? who is responsible?—to assess the impacts of digitalization on CR. Then, the article describes the implications of these impacts for managers, CR advocates, management scholars, and policymakers.","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"36 1","pages":""},"PeriodicalIF":10.0,"publicationDate":"2025-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144719715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Maximilian Schreieck, Jan Ondrus, Manuel Wiesche, Helmut Krcmar
{"title":"Platform Governance for Established Companies","authors":"Maximilian Schreieck, Jan Ondrus, Manuel Wiesche, Helmut Krcmar","doi":"10.1177/00081256251338251","DOIUrl":"https://doi.org/10.1177/00081256251338251","url":null,"abstract":"Summary This article explores platform governance in established companies that face unique challenges when adopting platform strategies because of their complex organizational structures, diverse product ranges, legacy systems, and existing networks of partners. It analyzes four established companies’ governance strategies and proposes a multi-layered governance model that addresses the varying needs of internal business units, core partners, and third-party developers. This model highlights the importance of custom governance strategies tailored to specific ecosystem actors and their relationships. The findings contribute to a deeper understanding of platform governance in established companies and present practical recommendations for managers embarking on digital transformation.","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"24 5 1","pages":""},"PeriodicalIF":10.0,"publicationDate":"2025-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144594503","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Post-Error Adjustments: Strategic Agility and Organizational Zemblanity","authors":"Marco Balzano","doi":"10.1177/00081256251332311","DOIUrl":"https://doi.org/10.1177/00081256251332311","url":null,"abstract":"Summary Errors pose critical tests for firms, challenging their ability to recover or else face decline. This article frames strategic agility as a response mechanism to overcome errors. Conversely, when firms are repeatedly unable to enact strategic agility, they can enter a hindering state where they struggle to take corrective actions. In this state, it is likely that firms will inadvertently activate error-amplifying feedback loops, becoming the primary architects of their own misfortune. This state is conceptualized as “organizational zemblanity,” which has three root causes: deteriorative culture, leadership deficiencies, and structural inefficiencies.","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"5 1","pages":""},"PeriodicalIF":10.0,"publicationDate":"2025-06-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144238091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sustainability Real Options","authors":"Han Smit","doi":"10.1177/00081256251331264","DOIUrl":"https://doi.org/10.1177/00081256251331264","url":null,"abstract":"Summary Decision-making on sustainability investment faces two challenges. First, appraisal methods are based on a narrow view of shareholder value and require extensions to support decisions that involve valuable outcomes for society. Second, the consequences of climate change are uncertain. However, firms have real options to adapt, which helps them realize the energy transition. An extended net present value that includes societal real options can assess the value of phasing in renewables (e.g., timing, expansion, and growth options) and phasing out fossil fuels (contraction, abandonment, and switching options). Increased corporate awareness of societal real options value should encourage corporations to act more responsibly.","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"5 1","pages":""},"PeriodicalIF":10.0,"publicationDate":"2025-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144066104","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Daniel Erian Armanios, Marc J. Ventresca, Maher K. Itani, Malcolm McCulloch
{"title":"Major Program Value Creation and Capture: The S 3 Framework for Mitigating Risk Propagation to Maximize Opportunities","authors":"Daniel Erian Armanios, Marc J. Ventresca, Maher K. Itani, Malcolm McCulloch","doi":"10.1177/00081256251324255","DOIUrl":"https://doi.org/10.1177/00081256251324255","url":null,"abstract":"Large-scale, mission-critical initiatives are increasingly deployed through major programs or assemblies of projects that span and situate across sectors, industries, and/or geographies. To better track risk propagation within major programs, this article reconceptualizes them as temporary ecosystems or interlinked organizations whose project-based interdependencies last until the program’s conclusion. This basis motivates our S <jats:sup>3</jats:sup> framework and its three unifying themes. <jats:italic>Scoping</jats:italic> identifies program vulnerabilities to disruptions. <jats:italic>Scaffolding</jats:italic> develops digital and organizational tools to connect program skills with needs. <jats:italic>Sensing</jats:italic> engages with those oft-excluded in programs. We then apply this framework to the Oman Vision 2040 program and a hypothetical peacekeeping mission scenario to demonstrate the framework’s practicality.","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"3 1","pages":""},"PeriodicalIF":10.0,"publicationDate":"2025-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143875885","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Consistent Human Resource Practices","authors":"James N. Baron, David M. Kreps","doi":"10.1177/000812569904100301","DOIUrl":"https://doi.org/10.1177/000812569904100301","url":null,"abstract":"","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"1 1","pages":""},"PeriodicalIF":10.0,"publicationDate":"2025-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143857749","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"When Work Becomes Home and Home Becomes Work","authors":"Arlie Russell Hochschild","doi":"10.1177/000812569703900401","DOIUrl":"https://doi.org/10.1177/000812569703900401","url":null,"abstract":"","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"49 1","pages":"79-97"},"PeriodicalIF":10.0,"publicationDate":"2025-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143832271","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Escaping the Governance Trap: Insights from New Infrastructure Development “Megaprojects”","authors":"Nuno Gil, Sara Beckman","doi":"10.1177/00081256251329058","DOIUrl":"https://doi.org/10.1177/00081256251329058","url":null,"abstract":"Summary Mega infrastructure projects in liberal democracies often encounter significant cost overruns and delays. These challenges arise from tensions between mandated stakeholder engagement and shareholder-focused decision making. Legal frameworks require broad stakeholder involvement, yet investors prioritize cost efficiency, frequently omitting collaboration expenses from initial budgets. This misalignment creates governance traps, leading to prolonged negotiations, inefficiencies, collective action problems, and diminished trust among managers, stakeholders, and investors. This special section of <jats:italic>California Management Review</jats:italic> examines the dynamics of large-scale stakeholder enfranchisement. This introduction presents a 2 × 2 framework categorizing megaproject governance based on legal mandates for stakeholder inclusion and the degree of shareholder-centric investment decisions. The featured articles propose strategies to enhance stakeholder collaboration and address governance challenges. Together, they suggest that large-scale stakeholder engagement can be effective when organizations enjoy ample resources or strong cooperative norms. In their absence, governance traps may emerge, hindering efficiency and broad-based wealth creation. Alternative social arrangements can be employed to navigate and escape these governance traps.","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"5 1","pages":""},"PeriodicalIF":10.0,"publicationDate":"2025-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143822722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ermal Hetemi, Jonas Söderlund, Sofia Pemsel, Anna Jerbrant
{"title":"Value Pathways in Emergent Programs: Tackling Grand Challenges in the Swedish Transportation Industry","authors":"Ermal Hetemi, Jonas Söderlund, Sofia Pemsel, Anna Jerbrant","doi":"10.1177/00081256251324272","DOIUrl":"https://doi.org/10.1177/00081256251324272","url":null,"abstract":"Grand challenges call for innovation and collaboration across sectors. Yet, many cross-sector and multi-stakeholder initiatives often fall short of achieving their intended goals, and creating the expected value. Addressing this issue requires a better understanding of how to develop and design emergent multi-stakeholder programs with actual societal value. This article leverages an in-depth case study of Sweden’s High-Capacity Transport program to develop a process model that demonstrates how three interconnected value pathways—goal gearing, participatory engagement, and program leveraging—ensured the gradual expansion of program goals and of interest among diverse participants who enhanced collective value creation and contributed to the success of this multi-stakeholder collaboration.","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"107 1","pages":""},"PeriodicalIF":10.0,"publicationDate":"2025-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143766489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Stephan M. Wagner, Alexander A. Fink, Jonas F. Ehrnsperger, Philipp Düpree
{"title":"Supporting Intellectual Property Protection: Blockchain Technology as a Catalyst for Open Innovation","authors":"Stephan M. Wagner, Alexander A. Fink, Jonas F. Ehrnsperger, Philipp Düpree","doi":"10.1177/00081256251320366","DOIUrl":"https://doi.org/10.1177/00081256251320366","url":null,"abstract":"As the access, sharing, and transfer of intellectual property (IP) are central to open innovation (OI) projects, preventing the leakage of IP is critical. The emergence of blockchain has prompted organizations to seek support from this technology to protect IP. However, the potential applications, challenges, and benefits for OI projects at the technology/legal interface are not well understood. This article shows that while blockchain technology is not the solution to all IP protection problems, it has the potential to significantly improve the status quo by creating an immutable record of the existence, integrity, and ownership of files at specific points in time. It also offers guidance to practitioners on how to extend and complement their existing IP protection, ultimately enhancing their negotiating leverage and collaboration with OI partners.","PeriodicalId":9605,"journal":{"name":"California Management Review","volume":"57 1","pages":""},"PeriodicalIF":10.0,"publicationDate":"2025-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143723146","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}