nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2008‒09‒29
nine papers chosen by
Joao Jose de Matos Ferreira
University of the Beira Interior

  1. China?s Development Strategy and Energy Security: Growth, Distribution and Regional Cooperation By Khan, Haider A.
  2. Globalisation and the competitiveness of the euro area By Filippo di Mauro; Katrin Forster
  3. Feedback-Seeking Behavior as a Self-Regulation Strategy for Creative Performance By K. E. M. DE STOBBELEIR; S. J. ASHFORD; D. BUYENS
  4. Venture capital as a mechanism for knowledge governance : new markets and innovation-led economic growth By Antonelli Cristiano; Teubal Morris
  5. Pecuniary externalities: the convergence of directed technological change and the emergence of innovation systems By Antonelli Cristiano
  6. The Multipliers and Key Sectors of Entrepreneurship Spillover: An input-output approach By Massón-Guerra, José Luis
  8. Innovativeness of Small and Medium Size Enterprises in Regional Innovation System: Evidences from Turkey By Bahar C. Erbas; Ali Fýkýrkoca; Arcan Tuzcu
  9. Beyond Industrialization: New Approaches to Development Strategy Based on the Service Sector By Sheehan, Peter

  1. By: Khan, Haider A.
    Abstract: This paper analyses both global and regional approaches to solving problems of energy security and ecological imbalance by addressing specifically the problems of China?s energy security. China?s growing energy dependence has become a major concern for both economic and national security policymakers in that country. The ambitious goal of modernization of the economy along the lines of the other newly industrialized economies (NIEs) of Asia has succeeded only too well, and it is difficult to reorient economic priorities. If examined rigorously, such an economic strategic assumption can be seen to entail the goal of creating further technological capabilities. In particular, China seems to be firmly committed to the creation of a largely self-sustaining innovation system as part of a knowledge-based economy of the future. Such innovation systems, called positive feedback loop innovation systems or POLIS have been created by advanced countries, and NIEs such as South Korea and Taiwan are proceeding to create these as well. But this will add to its energy burden and further dependence on the US as the power which controls the key sea lanes. Only a strategic reorientation to building a self-sustaining POLIS and appropriate regional cooperation institutions can lead to the way out of the current dilemma for China. Fortunately, such a model of POLIS which is distributionally and ecologically sensitive can be built for China and applied strategically to lead towards a sustainable development trajectory. ...
    Keywords: China, development strategy, energy, environment, POLIS, innovation system, regional cooperation
    Date: 2008
  2. By: Filippo di Mauro (European Central Bank, Kaiserstrasse 29, 60311 Frankfurt am Main, Germany.); Katrin Forster (European Central Bank, Kaiserstrasse 29, 60311 Frankfurt am Main, Germany.)
    Abstract: Against the background of increasing competition and other significant structural changes implied by globalisation, maintaining and enhancing competitiveness has evolved into one of the prime concerns in most countries. Following up on previous work (see in particular ECB Occasional Papers No. 30 and No. 55), this Occasional Paper examines the latest developments and prospects for the competitiveness and trade performance of the euro area and the euro area countries. Starting from an analysis of most commonly used, traditional competitiveness indicators, the paper largely confirms the findings of previous studies that there have been substantial adjustments in euro area trade. Euro area firms have taken advantage of the new opportunities offered by globalisation, and have at the same time been increasingly challenged by emerging economies. This is primarily reflected in the loss of export market shares which have been recorded over the last decade. While these can partly be related to the losses in the euro area’s price competitiveness, further adjustment also seems warranted with regard to the export specialisation. Compared with other advanced competitors, the euro area remains relatively more specialised in labourintensive categories of goods and has shown only a few signs of a stronger specialisation in research-intensive goods. Nevertheless, the paper generally calls for a more cautious approach when assessing the prospects for euro area competitiveness, as globalisation has made it increasingly difficult to define and measure competitiveness. Stressing the need to take a broader view on competitiveness, specifically with a stronger emphasis on productivity performance, the paper also introduces a more elaborate framework that takes into account the interactions between country-specific factors and firm-level productivity. It thus makes it possible to construct more broadly defined competitiveness measures. Pointing to four key factors determining the global competitiveness of euro area countries – market accessibility, market size, technological leadership of firms and institutional set-up – the analysis provides further arguments for continuing efforts to increase market integration and strengthen the competitive environment within Europe as a mean of enhancing resource allocation and coping with the challenges globalisation creates. JEL Classification: F15, F43, O52
    Keywords: Globalisation, competitiveness, productivity
    Date: 2008–09
    Abstract: Using a sample of 456 supervisor-employee dyads from 4 organizations, this study examined how employees use feedback seeking as a self-regulation strategy to manage their creative performance. As hypothesized, employees’ cognitive style and perceived organizational support for creativity affected two patterns of their feedback seeking, i.e. their tendency to inquire for feedback from various sources and their propensity to monitor their environment for indirect feedback cues. Feedback inquiry from various sources further related to supervisor ratings of employee creative performance. These results highlight the importance of studying employees’ self-regulatory behaviors in the creative process and support the proposition that feedback seeking is not only a strategy that facilitates individual adaptation, but also an individual resource that can help individuals to achieve creative outcomes.
    Date: 2008–09
  4. By: Antonelli Cristiano (University of Turin); Teubal Morris
    Date: 2008–05
  5. By: Antonelli Cristiano (University of Turin)
    Abstract: The new understanding of the characteristics of knowledge indivisibility and knowledge appropriability makes it possible to appreciate the key role pecuniary externalities play both in the generation and in the exploitation of technological knowledge. Pecuniary externalities affect access to external knowledge and its localized appropriation, by the intensive use of idiosyncratic factors and the introduction of biased technological change. Their combined effect shapes the convergence of the directed features of the knowledge generated at the firm level and explains the path dependent emergence of local and technological innovation systems and the dynamics of innovation cascades.
    Date: 2008–07
  6. By: Massón-Guerra, José Luis
    Abstract: The Entrepreneurship Spillover evaluates the systemic effect of creating enterprises in different sectors and industries from a new firm created in a given sector. One way to estimate these Entrepreneurship Spillovers is doing an adaptation of the methodology applied by Dietzenbacher, (2002); Dietzenbacher and Los, (2002a,b) Diezenbacher and Volkerink (1998) that they used to determinate the Knowledge Spillover through R&D multipliers. In this regard, the objectives of this paper are: (a) to develop a methodology that allows calculating the concept of entrepreneurship spillover; (b) to identify the key sectors of entrepreneurship; and (c) to determinate the multipliers of business creation. With these aims, the methodological design is based on an adaptation of the model of input-output matrix (Leontief, 1936; Dietzenbacher and Los, 2002 a y b).
    Keywords: Entrepreneurship; Multipliers; Input-Ouput; Economic Growth
    JEL: O30 L26 O4 C67
    Date: 2008–06–14
  7. By: Y. FASSIN
    Abstract: The popularity of the stakeholder model has been achieved thanks to its powerful visual scheme and its very simplicity. Stakeholder management has become an important tool to transfer ethics to management practice and strategy. Nevertheless, legitimate criticism continues to insist on clarification and emphasises on the perfectible nature of the model. <br>Here, rather than building on the discussion from a philosophical or theoretical point of view, a different and innovative approach has been chosen: the analysis will return to the origin of stakeholder theory and will keep the graphical framework firmly in perspective. <br>It will confront the stakeholder model’s graphical representation to the discussion on stakeholder definition, stakeholder identification and categorisation, to re-centre the debate to the strategic origin of the stakeholder model. <br>The ambiguity and the vagueness of the stakeholder concept are discussed from managerial and legal approaches. The impacts of two major shortcomings of the popular stakeholder framework are examined: the boundaries and the level of the firm’s environment, and the ambivalent position of pressure groups and regulators. Working pragmatically, with a focus on the managerial and organisational perspective, an attempt is made to clarify the categorisations and classifications by introducing new terminology with a distinction between stakeholders, stakewatchers and stakekeepers. The analysis will finally lead to a proposed upgraded and refined version of the stakeholder model, with incremental ameliorations close to Freeman’s original model and a return of focus to its essence, the managerial implications in a strategic approach.
    Keywords: stakeholder, stakewatcher, stakekeeper, stakeholder model, stakeholder theory, strategy, graphical framework, Freeman’s model, pressure groups, business ethic
    Date: 2008–07
  8. By: Bahar C. Erbas; Ali Fýkýrkoca; Arcan Tuzcu
    Date: 2008–09
  9. By: Sheehan, Peter
    Abstract: Industrialization occupies a central place in the rich tapestry of development theory and practice. Although that place has varied over time, many have agreed with Nicholas Kaldor that the kind of economic growth that leads to high real income per capita can only occur through industrialization. This paper argues that it is becoming increasingly difficult for most developing countries to achieve rapid growth through industrialization, and especially through export oriented activities. But the key mechanisms seen as driving the industrial take-off in much of the literature (internal increasing returns, transfer of labour into higher value activities and pecuniary externalities) are alive and well, and are evident in services as well as in industry. Furthermore, China is actively trying to move from a strategy based on industrialization to one based much more on agriculture and services, as the costs of the current pattern of industrialization become prohibitive, and India has demonstrated that rapid growth based primarily on the services sector is possible. Thus more attention needs to be given to strategies based on the expansion of the agricultural and services sectors, and to the ways in which better services in rural areas and higher rural output can combine to achieve rapid growth and improved human welfare in poor countries.
    Keywords: industrialization, services, development strategy, rapid growth
    Date: 2008

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