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on Economics of Strategic Management |
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Issue of 2024‒02‒12
seven papers chosen by João José de Matos Ferreira, Universidade da Beira Interior |
| By: | Nawfal Acha (INPT - Institut National des Postes et Télécommunications [Rabat]) |
| Abstract: | Authors are not aware of any findings that might be perceived as affecting the objectivity of this study and they are responsible for any plagiarism in this paper. |
| Keywords: | Innovation capabilities Innovation performance High-growth firms (Gazelles) DEA Malmquist Index Pitec database. Classification JEL : M15 Paper type : Empirical Research, Innovation capabilities, Innovation performance, High-growth firms (Gazelles), DEA Malmquist Index, Pitec database. Classification JEL : M15 Paper type : Empirical Research |
| Date: | 2023–12–27 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04377872&r=cse |
| By: | Kock, Alexander; Gemünden, Hans Georg |
| Abstract: | Innovation project portfolio management (IPPM) is a key task in R&D management because this decision‐making process determines which R&D projects should be undertaken and how R&D resources are allocated. Previous research has developed a good understanding of the role of IPPM in R&D strategy implementation and of successful IPPM practices. But the fundamental orientations that drive the strategy formation and implementation process have never been investigated in the context of IPPM, and it is unclear whether successful practices are equally valid for different strategic orientations. This study, therefore, investigates the moderating impact of a firm’s entrepreneurial orientation on the relationship between strategic portfolio management practices and portfolio success. An empirical analysis of 257 firms shows that both innovativeness and risk taking as entrepreneurial orientation’s dimensions positively moderate the relationship between managerial practices and performance. Specifically, we find that firms high in innovativeness profit more from stakeholder engagement compared to firms low in innovativeness. Firms high in risk‐taking profit more from a clearly formulated strategy. With increasing innovativeness and risk‐taking propensity, firms also profit more from business case monitoring and agility in portfolio steering. The results suggest that a firm’s entrepreneurial orientation can leverage the effect of IPPM practices. Vice versa, a lacking entrepreneurial orientation can render these practices ineffective. Strategic orientation and IPPM practices should, therefore, be aligned with each other to enable firms to better implement their strategy and generate competitive advantage. |
| Date: | 2024–01–09 |
| URL: | http://d.repec.org/n?u=RePEc:dar:wpaper:142184&r=cse |
| By: | Kaufmann, Carsten; Kock, Alexander; Gemünden, Hans Georg |
| Abstract: | Decision makers find creating an innovation portfolio challenging, because more innovative projects are associated with a higher degree of uncertainty. In this study, we investigate the potential benefits of applying real options reasoning (ROR) in innovation portfolio management from an attention‐based view. Using a sample of 137 innovation portfolios with multiple informants, we investigate ROR's influence on portfolio innovativeness and, ultimately, on portfolio success in a mediated model. Further, we analyze the moderating influence of an innovation portfolio's organizational context — entrepreneurial orientation and innovation climate — on ROR's application. The results support ROR's positive relationship to portfolio innovativeness and portfolio success. The analysis also supports the positive interaction between entrepreneurial orientation and ROR with respect to portfolio innovativeness. This study contributes to the literature by demonstrating the relationship between ROR and portfolio success, mediated by portfolio innovativeness. In addition, the study's analysis offers an explanation of previously mixed findings regarding ROR's benefits by considering the firm's strategic and cultural innovation contexts. The findings underline the relevance of strategic support for ROR's effectiveness in innovation portfolio management. Furthermore, the findings encourage managers to implement ROR, but also stress the essential contribution an entrepreneurial orientation makes when the managers do so. |
| Date: | 2023–12–22 |
| URL: | http://d.repec.org/n?u=RePEc:dar:wpaper:142038&r=cse |
| By: | Lei Shen; Qingyue Shi; Vinit Parida; Marin Jovanovic |
| Abstract: | This study ventures into the dynamic realm of ecosystem orchestration for industrial firms, emphasizing its significance in maintaining competitive advantage in the digital era. The fragmented research on this important subject poses challenges for firms aiming to navigate and capitalize on ecosystem orchestration. To bridge this knowledge gap, we conducted a comprehensive qualitative meta-analysis of 31 case studies and identified multifaceted orchestration practices employed by industrial firms. The core contribution of this research is the illumination of five interdependent but interrelated orchestration practices: strategic design, relational, resource integration, technological, and innovation. Together, these practices are synthesized into an integrative framework termed the "Stirring Model, " which serves as a practical guide to the orchestration practices. Furthermore, the conceptual framework clarifies the synergy between the identified practices and highlights their collective impact. This study proposes theoretical and practical implications for ecosystem orchestration literature and suggests avenues for further research. |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:2401.04526&r=cse |
| By: | Jacques Bughin; Julien Gosse; Charles Hoffreumon; Nicolas van Zeebroeck |
| Abstract: | Digitalization has changed the way certain firms create and capture value. One channel for this change is through the emergence of business ecosystems. Taking part in these ecosystems requires a certain set of dynamic capabilities, called integrative capabilities. In this article, we use data from a large-scale, cross-industries and cross-continents survey to empirically test whether the presence of such capabilities are associated with faster revenue growth. We conclude that it is the case, providing empirical confirmation to the theory that participation in a business ecosystem helps with the value creation or capture of a firm. |
| Keywords: | Dynamic Capability, Firm Performance, Ecosystems, Strategic Management, Quantitative Research Method |
| Date: | 2024–01 |
| URL: | http://d.repec.org/n?u=RePEc:ict:wpaper:2013/368094&r=cse |
| By: | Sharma, Gautam (CIRCLE, Lund University) |
| Abstract: | This study explores makerspaces and fablabs within India's informal innovation context, traditionally associated with grassroots innovators, frugal innovations, and 'jugaad' practices. It introduces a Global South perspective to the largely Global North-dominated discourse on makerspaces and fablabs, highlighting how these spaces function in a unique socio-economic context in India. The research examines the foundational reasons for establishing makerspaces and fablabs in India, their role in fostering innovation networks, and the specific challenges they face, especially in terms of their operations. This paper contrasts with the existing literature, which often focuses on perspectives and experiences from more advanced regions. Using in-depth, semi-structured interviews with 20 respondents, including founders, managers, employees, and users of various makerspaces, the study provides an insightful understanding of the Indian scenario. Findings reveal that these spaces in India primarily support startups and entrepreneurial initiatives, marking a shift from the original maker movement's DIY focus. Efforts to include rural, artisan, and grassroots innovator communities are evident, reflecting a commitment to broader innovation inclusivity. This paper contributes to the understanding of the changing dynamics of makerspaces and fablabs in the context of India's innovation landscape. It emphasizes the need for strategies to ensure equitable access and participation, crucial for the sustainability and growth of these innovation spaces. The insights are valuable for policymakers, educators, and makerspaces practitioners in fostering inclusive innovation ecosystems. |
| Keywords: | makerspaces; fabrication laboratories; fablabs; innovation; informal innovation; India |
| JEL: | O30 O31 O53 |
| Date: | 2024–01–23 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:lucirc:2024_002&r=cse |
| By: | Pinkus, David (Department of Economics, Copenhagen Business School); Pozzoli, Dario (Department of Economics, Copenhagen Business School); Schneider, Cédric (Department of Economics, Copenhagen Business School) |
| Abstract: | We use a unique database on domestic pension fund investment to analyze the re-lationship between pension fund investment and innovation within Danish firms. We find a significant positive association between pension fund investment and various measures of innovation, including green technologies for climate change mitigation and adaptation. However, this relationship is much weaker in highly competitive indus-tries, suggesting that pension funds encourage innovation by monitoring and holding managers accountable. Our analysis also shows that pension funds foster innovation by providing stable long-term capital. Overall, our study highlights the important role of pension funds in driving firm innovation, particularly by reducing managerial slack and by supplying stable, long-term capital. |
| Keywords: | Pension Fund Investment; Innovation; R&D |
| JEL: | J24 J60 L20 |
| Date: | 2024–01–17 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:cbsnow:2024_001&r=cse |