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on Economics of Strategic Management |
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Issue of 2009‒03‒28
thirteen papers chosen by Joao Jose de Matos Ferreira University of the Beira Interior |
| By: | Griffith, Gary R.; Mullen, John D. |
| Abstract: | Continuous Improvement and Innovation (CI&I) is both a management process and a management strategy. In this paper, we describe how CI&I principles have been used in a strategic planning context by the research economist group in the NSW Department of Primary Industries. We provide some background on the development of CI&I as a management concept and describe the steps involved in implementing the CI&I process in this context. We conclude with some observations about the usefulness of this approach for strategic planning in a government department. |
| Keywords: | Continuous improvement and innovation, process, strategic planning, action design., |
| Date: | 2009 |
| URL: | http://d.repec.org/n?u=RePEc:ags:aare09:47650&r=cse |
| By: | Kühn Pedersen, Mogens (Department of Informatics, Copenhagen Business School); Holm Larsen, Michael (Department of Informatics, Copenhagen Business School) |
| Abstract: | In globalizing competitive markets knowledge exchange between business organizations requires incentive mechanisms to ensure tactical purposes while strategic purposes are subject to joint organization and other forms of contractual obligations. Where property of knowledge (e.g. patents and copyrights) and contractbased knowledge exchange do not obtain network effectiveness because of prohibitive transaction costs in reducing uncertainty, we suggest a robust model for peer produced knowledge within a distributed setting. The peer produced knowledge exchange model relies upon a double loop knowledge conversion with symmetric incentives in a network since the production of actor specific knowledge makes any knowledge appropriation by use of property rights by the actors irrelevant. Without property rights in knowledge the actor network generates opportunity for incentive symmetry over a period of time. The model merges specific knowledge with knowledge from other actors into a decision support system specific for each actor in the network in recognition of actor role differences. The article suggests a set of 9 static and 5 dynamic propositions for the model to maintain symmetric incentives between different actor networks. The model is proposed for business networks. |
| Keywords: | na |
| JEL: | H00 |
| Date: | 2009–03–18 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:cbsinf:2002_013&r=cse |
| By: | Mahnke, Volker (Department of Informatics, Copenhagen Business School); Overby, Mikkel Lucas (Department of Informatics, Copenhagen Business School) |
| Abstract: | na |
| Keywords: | na |
| JEL: | H00 |
| Date: | 2009–03–18 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:cbsinf:2003_005&r=cse |
| By: | Gerrit de Wit; Haibo Zhou |
| Abstract: | Firm growth is an important indicator of a thriving economy. Although the determinants of firm growth have been studied in various disciplines, an integrated analysis is still lacking. This paper attempts to provide such an analysis. Many determinants of firm growth are summarized and classified into three dimensions: individual, organizational, and environmental determinants. By conducting an empirical study using 523 Dutch small and medium sized firms, we identify the determinants of firm growth which is measured by employment growth. Our findings show that environmental determinants do not affect firm growth. Individual ones do: entrepreneurs with growth motivation and having technical knowledge are more likely to grow their firms while entrepreneurs characterized by a strong need of achievement are less likely to engage in firm growth. Organizational determinants have the most influence on firm growth: the older thefirm, the less likely it is to grow. Availability of financial capital is found to be crucial to firm growth. Finally, the firm’s scalability (its preparedness to grow) is found to have a positive impact on firm growth. |
| Date: | 2009–03–17 |
| URL: | http://d.repec.org/n?u=RePEc:eim:papers:h200903&r=cse |
| By: | Peter Thompson (Department of Economics, Florida International University); Steven Klepper (Department of Social and Decision Sciences, Carnegie Mellon University) |
| Abstract: | A growing empirical literature on spinoff formation has begun to reveal some striking regularities about which firms are most likely to spawn spinoffs, when they are most likely to spawn them, and the relationship between the quality of the parent firm and its spinoffs. Deeper investigations into the causes of spinoffs have highlighted the importance of strategic disagreements in driving some employees to resign and found a new venture. Motivated by this literature, we construct a new theory of spinoff formation driven by strategic disagree-ments, and explore how well it explains the emerging empirical regularities. |
| Keywords: | Spinoffs, learning, strategic disagreement |
| JEL: | L2 D70 D83 |
| Date: | 2009–03 |
| URL: | http://d.repec.org/n?u=RePEc:fiu:wpaper:0907&r=cse |
| By: | Perepelkin, M.; Knapp, S.; Perepelkin, G.; Pooter, M.D. de (Erasmus Econometric Institute) |
| Abstract: | The subject of measuring the performance of registries has been a topic of policy discussions in recent years on the regional level due to the recast of the European Union (EU) port state control (PSC) directive which introduces incentives for flags which perform better. Since the current method used in the EU region entails some shortcomings, it has therefore been the subject of substantial scrutiny. Furthermore, the International Maritime Organization (IMO) developed a set of performance indicators which however lacks the ability to measure compliance as set out in one of its strategic directions towards fostering global compliance. In this article, we develop and test a methodology to measure flag state performance which can be applied to the regional or global level and to other areas of legislative interest (e.g. recognized organizations, Document of Compliance Companies). Our proposed methodology overcomes some of the shortcomings of the present method and presents a more refined, less biased approach of measuring performance. To demonstrate its usefulness, we apply it to a sample of 207,821 observations for a 3 year time frame and compare it to the best know current method in the industry. |
| Date: | 2009–02–10 |
| URL: | http://d.repec.org/n?u=RePEc:dgr:eureir:1765014704&r=cse |
| By: | Mohamed Ayadi (ISG - Institut supérieur de gestion - Université de Tunis, Ecole Supérieure des Sciences Economiques et Commerciales de Tunis - Université de Tunis, GATE - Groupe d'analyse et de théorie économique - CNRS : UMR5824 - Université Lumière - Lyon II - Ecole Normale Supérieure Lettres et Sciences Humaines); Mohieddine Rahmouni (GREThA - Groupe de Recherche en Economie Théorique et Appliquée - CNRS : UMR5113 - Université Montesquieu - Bordeaux IV); Murat Yildizoglu (GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - Université de la Méditerranée - Aix-Marseille II - Université Paul Cézanne - Aix-Marseille III - Ecole des Hautes Etudes en Sciences Sociales - CNRS : UMR6579) |
| Abstract: | This article is dedicated to the analysis of the first innovation survey of the Tunisian firms. Starting from basic mechanisms of innovation processes, we test a set of conjectures adapted to a developing country like Tunisia. We analyze the motivation of firms to innovate and the determinants of product and process innovations. Our results show that firms must benefit from external knowledge sources in order to exhibit significant innovation propensities. The large size is also a necessary (but not sufficient) condition for innovation. We also notice that the participation of the State plays an harmful role. |
| Keywords: | Innovation; development; absorptive capacity; learning |
| Date: | 2009–03–16 |
| URL: | http://d.repec.org/n?u=RePEc:hal:wpaper:halshs-00368560_v1&r=cse |
| By: | Engel Nielsen, Lars (Department of Informatics, Copenhagen Business School); Mahnke, Volker (Department of Informatics, Copenhagen Business School) |
| Abstract: | Many companies in high technology fields engage with alliance partners to reduce risks, create synergies and learn. While the challenges of managing individual alliances are well documented, little is known on how to manage several R&D alliances simultaneously. Multiple alliance strategies can be observed in several companies engaged in the cross section of telecommunication and mobile technology where increased complexity magnifies managerial challenges. Drawing on modern portfolio theory, this paper offers a model for managing portfolios of R&D alliances. In particular, an analysis of a technology platform leader reveals how companies can reduce several types of risks associated with new technology and gain synergies by engaging in several alliances simultaneously |
| Keywords: | na |
| JEL: | H00 |
| Date: | 2009–03–18 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:cbsinf:2003_010&r=cse |
| By: | Mahnke, Volker (Department of Informatics, Copenhagen Business School); Venzin, Markus (Department of Informatics, Copenhagen Business School) |
| Abstract: | na |
| Keywords: | na |
| JEL: | H00 |
| Date: | 2009–03–18 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:cbsinf:2003_007&r=cse |
| By: | Cécile Cézanne-Sintès (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - CNRS : UMR6227 - Université de Nice Sophia-Antipolis) |
| Abstract: | The theory of the firm and corporate governance are two fields of analysis traditionally tackled separately in the economic literature. This paper seeks to rediscover the link between the nature, boundaries and governance of the firm on the basis of changes in corporate industrial firms. We advance the argument that, to understand the human capital-intensive firm, this analytical interconnection should be restored. On the basis of Critical Resource Theory, we present an innovative vision of the nature, boundaries and governance of firms whose productive activity is built around its key partners' human capital. The organisational mode of governance has changed linked to a renewed conception of the firm. What we term the ‘multi-resources' model of governance of the firm depends on an original representation of the structure, organisation and power relationships of modern firms, whose value arises from the accumulation of specific human capital. Consequently, the multi-resources model involves hybrid governance instrument in order to protect the integrity of the human capital-intensive firm. |
| Keywords: | Human Capital; Nature and Boundaries of the Firm; Corporate Governance; Critical Resources Theory |
| Date: | 2008–07–01 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-00367732_v1&r=cse |
| By: | Roberta Piergiovanni (Istat-Ufficio Regionale per l’Emilia-Romagna); Martin Carree (Maastricht University); Enrico Santarelli (University of Bologna and Max Planck Institute of Economics) |
| Abstract: | The present study explores the impact exerted by a series of factors and processes including creativity, IPR activities, new business formation and the provision of amenities on economic growth for 103 Italian provinces (NUTS 3) over the period between 2001 and 2006. Provincial growth rates are measured alternatively by value added growth and employment growth. Findings show a positive effect of the increase in the number of firms active in the creative industries, net entry, and a greater provision of leisure amenities on regional economic growth. A large portion of employment in the manufacturing, mining, and energy sector, and a high relative number of university faculties are found to lead to slower economic growth, whereas trademarks, patents, cultural amenities and industrial districts do not affect economic growth. Finally, the share of legal immigrants is found to have a positive impact on employment growth. |
| Keywords: | regional growth, creativity, entrepreneurship, Italian provinces |
| JEL: | O18 O34 R11 |
| Date: | 2009–03–18 |
| URL: | http://d.repec.org/n?u=RePEc:jrp:jrpwrp:2009-020&r=cse |
| By: | Brännlund, Runar (Umeå University); Lundgren, Tommy (Umeå School of Business) |
| Abstract: | This paper reviews the theoretical and empirical literature connected to the so called Porter Hypothesis. That is, to review the literature connected to the discussion about the relation between environmental policy and competitiveness. According to the conventional wisdom environmental policy, aiming for improving the environment through for example emission reductions, do imply costs since scarce resources must be diverted from somewhere else. However, this conventional wisdom has been challenged and questioned recently through what has been denoted the “Porter hypothesis”. Those in the forefront of the Porter hypothesis challenge the conventional wisdom basically on the ground that resources are used inefficiently in the absence of the right kind of environmental regulations, and that the conventional neo-classical view is too static to take inefficiencies into account. The conclusions that can be made from this review is (1) that the theoretical literature can identify the circumstances and mechanisms that must exist for a Porter effect to occur, (2) that these circumstances are rather non-general, hence rejecting the Porter hypothesis in general, (3) that the empirical literature give no general support for the Porter hypothesis. Furthermore, a closer look at the “Swedish case” reveals no support for the Porter hypothesis in spite of the fact that Swedish environmental policy the last 15-20 years seems to be in line the prerequisites stated by the Porter hypothesis concerning environmental policy. |
| Keywords: | Environmental policy; Costs; Porter hypothesis |
| Date: | 2009–01–01 |
| URL: | http://d.repec.org/n?u=RePEc:hhb:sicgwp:2009_001&r=cse |
| By: | Douglas.H. Brooks |
| Abstract: | The reemergence of Asia as an economic powerhouse, mostly attributed to the expansion of its international trade, has been facilitated and encouraged by the development of infrastructure and logistics services. Infrastructure services, from both hard and soft infrastructure lower transaction costs, raise value added and increase potential profitability while also expanding linkages to global supply chains and distribution networks for producers. Asia’s trade patterns are largely characterized by a high degree of intraregional trade. Logistics services play a key role and the challenges of providing efficient logistical support as countries move into a progressively more complex and high-value manufacturing and as production process become increasingly fragmented.[WP no 128] |
| Keywords: | Asia, international trade, infrastructure services, logistics services, hard infrastructure, soft infrastructure, recent trend in Asia’s aggregate trade, intraregional trade trend (1995-2005), infrastructure and trade cost, transport infrastructure, energy infrastructure, information and communication technology (ICT) infrastructure, international logistics performance index, trade related infrastructure and regional cooperation. |
| Date: | 2009 |
| URL: | http://d.repec.org/n?u=RePEc:ess:wpaper:id:1880&r=cse |