nep-cse New Economics Papers
on Economics of Strategic Management
Issue of 2020‒01‒13
fourteen papers chosen by
João José de Matos Ferreira
Universidade da Beira Interior

  1. Global networks, local specialisation and regional patterns of innovation By Andrea Ascani; Luca Bettarelli; Laura Resmini; Pierre-Alexandre Balland
  2. A multi-sector model of relatedness, growth and industry clustering By Steven Bond-Smith; Philip McCann
  3. AI and Robotics Innovation: a Sectoral and Geographical Mapping using Patent Data By Van Roy, Vincent; Vertesy, Daniel; Damioli, Giacomo
  5. Pengaruh Kualitas Pelayanan terhadap Kepuasan Wisatawan serta Dampaknya terhadap Loyalitas : Studi di Ciater Spa Resort By Priyanto, Rahmat; Hermawan, Hary
  6. Dampak Pengembangan Desa Wisata Nglanggeran Terhadap Ekonomi Masyarakat Lokal By Hermawan, Hary
  8. Learning Before and After the Global Crisis: Firm-level Innovation in Latin America By King Yoong Lim; Diego Morris
  9. Studying the Heterogeneity of European Higher Education Institutions By Renato Bruni; Giuseppe Catalano; Cinzia Daraio; Martina Gregori; Henk F. Moed
  10. Regional entrepreneurship : the role of communication between actors in local network. An application in southwest France By Meriem Mengi Elayoubi
  11. Frontier and Superstar Firms in Italy. By Francesca Lotti; Enrico Sette
  12. EU Economic Modelling System By Olga Ivanova; d'Artis Kancs; Mark Thissen
  13. Is a digital transformation framework enough for manufacturing smart products? The case of Small and Medium Enterprises By Melissa Liborio Zapata; Lamia Berrah; Laurent Tabourot

  1. By: Andrea Ascani; Luca Bettarelli; Laura Resmini; Pierre-Alexandre Balland
    Abstract: A large academic consensus exists on the idea that successful innovative processes are geographically bounded within regions. Nevertheless, the ability of regions to capture and re-use external knowledge is also regarded as a fundamental element to sustain and refine the local profile of specialisation and competitiveness. The present article combines these views to investigate the sources of the regional innovation process, by analysing data on Italian regions over the period 2007-2012. We define regional external networks based on all the foreign subsidiaries of local multinational enterprises identifiable as global ultimate owners. Our main results suggest that both the internal specialisation and the outward networks can generate indigenous innovation, but the role of the networks varies substantially according to its density, its degree of complementarity with the specialisation profile, its geographical spread and the specific location of the foreign subsidiaries. Our results, then, support a view of the regional innovation as an interactive process whereby valuable knowledge resources are not only generated within the reach of the local economy, but they are also integrated with external inputs. This contrasts with recent anti-globalisation views according to which the increase in the foreign operations of national companies impoverishes the local economy.
    Keywords: outward foreign direct investment, innovation, specialisation, networks, relatedness
    JEL: O3 F23 R10 F60
    Date: 2020–01
  2. By: Steven Bond-Smith (Bankwest Curtin Economic Centre, Curtin University); Philip McCann (Faculty of Spatial Sciences, University of Groningen)
    Abstract: This article builds an understanding of regional innovation specialization by developing a multi-sector model with endogenous growth through quality improving innovations and spillovers from related technologies. The model provides an approach to incorporate the relatedness literature within the mainstream theoretical frameworks of endogenous growth and economic geography. Each firm’s technology sector and the location of other firms play a role in each firm’s ability to improve its own technology. As a result, firms prefer to co-locate in technologically compatible clusters. Without relying on scale assumptions, the model for the first time coherently links related variety knowledge spillovers to mainstream urban economic frameworks and demonstrates that clustering is possible in both core and peripheral areas.
    Keywords: Innovation; endogenous growth; knowledge spillovers; relatedness; clusters
    JEL: R11 O41
    Date: 2019–09
  3. By: Van Roy, Vincent; Vertesy, Daniel; Damioli, Giacomo
    Abstract: Economic activities based on the invention, production and distribution of artificial intelligence (AI) technologies have recently emerged worldwide. Yet, little is known about the innovative activities, location and growth performance of AI innovators. This chapter aims to map and analyse the global innovative landscape of AI by exploring 155,000 patents identified as AI-related by means of text-mining techniques. It highlights the emergence and evolution of AI technologies and identifies AI hotspots across the world. It explores the scale and pervasiveness of AI activities across sectors, and evaluates the economic performance of AI innovators using firm accounting information. Finally, it assesses recent trends in venture capital investments towards AI as financial support to promising AI startups. Findings of this chapter reveal a tremendous increase in AI patenting activities since 2013 with a significant boom in 2015-2016. While most of AI patenting activities remain concentrated in the sectors of software programming and manufacturing of electronic equipment and machinery, there are clear signs of cross-fertilisation towards (non-tech) sectors. The market of AI patenting firms is very vibrant and characterised by a large increase of new and small players with economic performances above industry average. This trend is also reflected by the recent increase in venture capital towards AI startups.
    Keywords: Artificial intelligence,innovation,patents,robotics
    JEL: O31 O33
    Date: 2019
  4. By: Norikun, Bun
    Abstract: This research analyzes the work of marketing in Convection Business in Kudus Disctrict, particularly in the competitiveness of its Micro, Small and Medium business (UKM). UKM does serve an important role in economy development, since it provides job opportunities, as well as opens new field of jobs. It is particularly true in Convection Business UKM, because it has a very competitive market or red ocean (already existed in the market). This research tries to analyze how various strategy variables, which are innovation abilities, market orientation, and entrepreneurship orientation through competitive advantage can significatly improve marketing performance in Convection Business in Kudus District. The research collects the samples from 194 Convection business users in Kudus District. This research bases its analysis using Structural Equation Modelling (SEM). It gets a conclusion that innovation abilities, market orientation, entrepreneurship orientation and competitive advantage do give direct contribution toward marketing performance, while innovation abilities, market orientation and entrepreneurship orientation through competitive advantage do give indirect contribution toward marketing performance
    Date: 2018–12–04
  5. By: Priyanto, Rahmat; Hermawan, Hary (Sekolah Tinggi Pariwisata AMPTA Yogyakarta, Indonesia)
    Abstract: The aim of this research is to know the influence of service quality to satisfaction and tourist loyality in Ciater Spa Resort. The method used in this research is descriptive verificative. Method analisis of this research is analisis path with software PLS. The results showed that the quality of service has no significant effect on loyalty, it means that service quality as exogenous variable requires intervening role (variable of satisfaction). Visitor satisfaction at Ciater Spa Resort has a significant effect on visitor loyalty. In addition, the relationship between the two research variables are positive, the increasing customer satisfaction will increase also loyalty, otherwise the decrease in visitor satisfaction will have an impact on the decrease in visitor loyalty. These findings have matched customer loyalty theory in marketing books. So that verifikatif research has been done successfully to verify the theory of loyalty in general. This article at once confirms a model of service theory as well as its relationship with satisfaction and loyalty, while minimizing the possibility of false loyalty so that this model can be used in the implementation of service management. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh kualitas pelayanan terhadap kepuasan dan loyalitas wisatawan di Ciater Spa Resort. Penelitian ini berjenis deskriptif-verifikatif. Metode analisis yang digunakan adalah analisis jalur dengan alat bantu sofware Partial Least Square (PLS). Hasil penelitian menunjukan bahwa Kualitas pelayanan di Ciater Spa Resort tidak berpengaruh signifikan terhadap loyalitas, hal ini berarti bahwa kualitas pelayanan sebagai variabel eksogen membutuhkan peran intervening (variabel kepuasan). Sedangkan, kepuasan pengunjung di Ciater Spa Resort berpengaruh signifikan terhadap loyalitas pengunjung. Selain itu hubungan diantara kedua variabel penelitian tersebut adalah positif, maka semakin meningkatnya kepuasan pengunjung akan semakin meningkat pula loyalitasnya, sebaliknya semakin menurunya kepuasan pengunjung akan berdampak terhadap semakin menurunnya loyalitas pengunjung. Penemuan ini telah sesuai teori loyalitas pelanggan dalam buku-buku pemasaran. Sehingga penelitian verifikatif yang telah dilakukan berhasil memverivikasi teori loyalitas secara umum. Artikel ini sekaligus menegaskan sebuah model teori pelayanan serta hubunganya dengan kepuasan dan loyalitas, sekaligus mampu meminimalisir adanya kemungkinan loyalitas semu sehingga model ini dapat dipakai dalam implementasi manajemen pelayanan.
    Date: 2018–01–16
  6. By: Hermawan, Hary (Sekolah Tinggi Pariwisata AMPTA Yogyakarta, Indonesia)
    Abstract: Research on the effects of economic development of rural tourism to the local community is a kind of descriptive qualitative research. This research was conducted in the village of Nglanggeran, District Pathuk, Gunung Kidul, Yogakarta. The survey results revealed that the development activities of the Tourism Village Nglanggeran considered quite good, the main indicator is the average increase in tourist arrivals sizeable year-on-year. The readiness of local communities in terms of education, knowledge, and level of community involvement in the development of rural tourism shows that the public has been sufficiently prepared to deal with potential impacts that arise. The level of development of tourism which generates high frequency level of interaction between local communities and the frequent travelers, which is an average of more than 5 times the interaction per 3 months. The results showed that developing a tourist village bring a positive impact to the economic development of local communities in the village Nglanggeran, including: increased public income; increase employment and business opportunities; increase ownership and control of local communities; increase government revenues through travel levy. While indications of a negative impact on the local economy in the form of rising prices of goods can not be found.
    Date: 2017–11–20
  7. By: , purwantoro (Universitas Pasir Pengaraian); Rohmah, Rina Ari
    Abstract: Micro Small medium enterprises (UMKM) in each state specifically in the ASEAN region faced with the situation of global competition. A very tight competition is forcing businessmen to Become the best. One of the ways that it can be Reached by the trade to be Able to be the best business strategy is Appropriate, effective and efficient. This research aims to find out how the application business model canvas in creating alternative business strategies for the development of UMKM. The second objective is to know the proper strategic alternatives for the development of UMKM. The methods used in this research is descriptive qualitative approach with the use of informants as respondents research. The source of data used is the business owners as much as 16 UMKM who open businesses in the downtown area of Pasir Pengaraian. Data collection techniques directly using interview techniques, observation and documentation. This research uses a template business model canvas to map strategy for the effort and combined with the SWOT analysis. Based on Data Obtained from the results of research, that the description of the business model approach of UMKM using Business Model Canvas outline can be used as Recommendations for business strategy, the business model of the which is currently already underway is Able to meet the Nine elements of the blocks on the template business model canvas. The findings of this research are that not all the UMKM business strategy and have just run a business without the vision of enterprise development. Based on the results of the SWOT analysis can be found that new alternative Efforts by optimizing internal strength in revenue streams on each of UMKM and conduct of elections to the right customer segments. Suggestions that may the researcher pointed out every UMKM should be more online to have the vision to grow and continue to innovate against products goods or services, increase of customer segmentation and the make use of business model canvas approach in making the strategy of the business.
    Date: 2017–12–29
  8. By: King Yoong Lim; Diego Morris
    Abstract: Economic shocks of the kind we recently witnessed with the 2008 global financial and economic crisis do not come around very often but when they do, their effect can be catastrophic, not the least because of their impact on businesses. Existing theories of how firms react to crises such as these are ambiguous and very little empirical evidence exist, particularly for the developing world. As such, our main contribution to the literature is to shed light on these issues, articulating a theoretical framework and testing it using three waves of cross-country innovation identifying survey implemented by the World Bank in Latin American economies. The three waves coincide with a timespan that covers before, during, and after the global crises. Our results provide strong support that firms alter their practices and witness different profit outcomes before and after a downturn depending on innovation decisions. In fact, we find evidence that indicates that the profitability gains from new products for firms may be higher during downturns.
    Keywords: Economic crisis, Innovation, Latin America, Productivity.
    JEL: D22 D24 O30 O31
    Date: 2020–01
  9. By: Renato Bruni (Department of Computer, Control and Management Engineering Antonio Ruberti (DIAG), University of Rome La Sapienza, Rome, Italy); Giuseppe Catalano (Department of Computer, Control and Management Engineering Antonio Ruberti (DIAG), University of Rome La Sapienza, Rome, Italy); Cinzia Daraio (Department of Computer, Control and Management Engineering Antonio Ruberti (DIAG), University of Rome La Sapienza, Rome, Italy); Martina Gregori (Department of Mechanical and Aerospace Engineering (DIMA), University of Rome La Sapienza, Rome, Italy); Henk F. Moed (Department of Computer, Control and Management Engineering Antonio Ruberti (DIAG), University of Rome La Sapienza, Rome, Italy)
    Abstract: The heterogeneity of the Higher Education (HE) Institutions is one of the main critical issues in the assessment of their performance. A multi-level and multi-dimensional perspective is adopted, combining national (macro) and institution (micro) level data, and measuring both research and teaching activity integrated with performance indicators derived from the European Tertiary Education Register (ETER), CWTS Leiden Ranking, and PATSTAT patent database. Clustering and efficiency analysis are combined to characterize the heterogeneity of national HE systems in European countries, revealing the potential of using micro level data to characterize national level performance. We discover large differences between the European countries, partially due to the fact that they are in different phases of their scientific (and economic) development and of the re-structuring of their HE systems. We find evidence that universities specializing either in teaching or in research tend to have a higher efficiency than those institutions balancing research and teaching. We observe tradeoffs between undergraduate and post-graduate activities, and a “Matthew cumulative effect†seems in place on the European institutions analyzed: high quality research is able to attract external funds that stimulate innovative and patenting activities that in turn are self-reinforcing to the scientific activities. The results reveal once more the limits and dangers of one-dimensional approaches to the performance of HEIs.
    Keywords: university ; heterogeneity ; clustering ; efficiency analysis ; Europe
    Date: 2019
  10. By: Meriem Mengi Elayoubi (CREG - Centre de recherche et d'études en gestion - UPPA - Université de Pau et des Pays de l'Adour)
    Abstract: Social networks stimulate business growth by creating opportunities, reducing transaction costs and develops knowledge exchange (Cavallo et al. 2018). However, conceptual and empirical research on the importance of the regional network on entrepreneurial decisions is still rather limited. Therefore, the purpose of this research is to explore the perception of local ecosystem through the lens of business founders. An exploratory study is conducted in order to better understand entrepreneurs behavior within their environment. Fifteen qualitative interviews reveal that local networking is systematically considered as playing an important role in the start-up creation. Therefore, communication among actors of entrepreneurial ecosystem is perceived as a key variable that actually creates conditions for network dynamism. This research concludes by discussing the main results obtained and focuses on the importance of interactions between local actors, through a communicative ecosystem.
    Keywords: network,communication,territory,regional,local,entrepreneurial ecosystem.
    Date: 2019–11–28
  11. By: Francesca Lotti (Bank of Italy); Enrico Sette (Bank of Italy)
    Abstract: We study the dynamics of firms in the top decile of the TFP distribution in Italy (frontier firms). Using granular microdata from the census of corporations, we show their main characteristics, their weight in terms of revenues and employment, and measure their persistency in the top deciles of the TFP distribution. Frontier firms are more profitable, less likely to go bankrupt and younger; they invest more and use less long-term bank debt to finance their assets; and they are larger in terms of revenues, but not in terms of employees. Finally, we gauge their contribution to aggregate TFP growth, finding that TFP growth of frontier firms has intensified over time, as did the divide between firms at the top and the bottom of the TFP distribution. However, the market share of frontier firms only increased over time in the business services and transportation sectors; there is no increase, and in some cases, there is actually a decrease in other industries, notably in manufacturing. Hence, we do not find strong evidence of superstar firm effects, except in business services.
    Keywords: productivity, firm dynamics, reallocation, market power.
    JEL: D24 O47 L16
    Date: 2019–12
  12. By: Olga Ivanova; d'Artis Kancs; Mark Thissen
    Abstract: This is the first study that attempts to assess the regional economic impacts of the European Institute of Innovation and Technology (EIT) investments in a spatially explicit macroeconomic model, which allows us to take into account all key direct, indirect and spatial spillover effects of EIT investments via inter-regional trade and investment linkages and a spatial diffusion of technology via an endogenously determined global knowledge frontier with endogenous growth engines driven by investments in knowledge and human capital. Our simulation results of highly detailed EIT expenditure data suggest that, besides sizable direct effects in those regions that receive the EIT investment support, there are also significant spatial spillover effects to other (non-supported) EU regions. Taking into account all key indirect and spatial spillover effects is a particular strength of the adopted spatial general equilibrium methodology; our results suggest that they are important indeed and need to be taken into account when assessing the impacts of EIT investment policies on regional economies.
    Date: 2019–12
  13. By: Melissa Liborio Zapata (SYMME - Laboratoire SYstèmes et Matériaux pour la MEcatronique - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc, LISTIC - Laboratoire d'Informatique, Systèmes, Traitement de l'Information et de la Connaissance - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc); Lamia Berrah (LISTIC - Laboratoire d'Informatique, Systèmes, Traitement de l'Information et de la Connaissance - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc); Laurent Tabourot (SYMME - Laboratoire SYstèmes et Matériaux pour la MEcatronique - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc)
    Abstract: Companies, and especially manufacturers, are facing today a truly complex scenario, with technology developing at a fast speed and demanding a digital transformation to face the many challenges. The aim of this paper then is to assess the fitness of digital maturity models in their role of assisting manufacturers of smart products in their digital transformation journeys and propose a set of recommendations to improve the usability of the tool in this scenario. To achieve this, an analysis of a selection of seven maturity models is performed, applying several design principles to the specific case of manufacturers of smart products. According to the most relevant findings, the recommendations suggested for the models are related to the need for a wider scope for the tool, a prescriptive condition, and a broad business perspective in the definition of their dimensions. Validation of the applicability of the recommendations in the small and medium enterprises scenario is also presented through an illustration of the manufacturers of the Arve Valley.
    Keywords: digital transformation,small and medium enterprises,industry 40,maturity models,Smart products
    Date: 2019–11–20
  14. By: , Ariawan (University Ichsan Of Gorontalo); Sudarma, Made; , Djumahir; Maskie, Ghozali
    Abstract: status ;(post print South East Asia Journal of Contemporary Business, SEAJBEL 11 (2), 87-94 vol. , 2016) Micro SME sector is an important sector in the national economy moving. Management needs to manage internal resources owned by the management of intangible assets that are unique resources, cannot be duplicated, cannot be replaced, and rarely found among competitors. This article aims to explain the role of spiritual capital, human capital, structural capital, relational capital in improving the performance of SMEs. based resources based theory which is the company's resources as the main controller behind the performance and competitiveness. The results show the important role of spiritual capital, human capital, structural capital, relational capital in improving the performance of SMEs.
    Date: 2017–12–04

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