Working papers Titler
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Klein, Peter G.; Barney, Jay B.; Foss, Nicolai J. (Frederiksberg, 2012)[Flere oplysninger][Færre oplysninger]
Resume: Strategic entrepreneurship is a newly recognized field that draws, not surprisingly, from the fields of strategic management and entrepreneurship. The field emerged officially with the 2001 special issue of the Strategic Management Journal on “strategic entrepreneurship”; the first dedicated periodical, the Strategic Entrepreneurship Journal, appeared in 2007. Strategic entrepreneurship is built around two core ideas. (1) Strategy formulation and execution involves attributes that are fundamentally entrepreneurial, such as alertness, creativity, and judgment, and entrepreneurs try to create and capture value through resource acquisition and competitive posi-tioning. (2) Opportunity-seeking and advantage-seeking—the former the central subject of the entrepreneurship field, the latter the central subject of the strategic management field—are pro-cesses that should be considered jointly. This entry explains the specific links between strategy and entrepreneurship, reviews the emergence and development of the strategic entrepreneurship field, and discusses key implications and applications. URI: http://hdl.handle.net/10398/8514 Filer i denne post: 1
Klein_Barney_Foss_SMGWP2012_3.pdf (457.4Kb) -
A dynamic perspectiveNielsen, Bo Bernhard (København, 2008)[Flere oplysninger][Færre oplysninger]
Resume: This paper focuses specifically on interfirm strategic collaboration as a vehicle for knowledge management across firm boundaries. Drawing on the widely accepted exploitation/exploration dichotomy, this article contributes to research concerning alliance dynamics by combining elements related to alliance formation, negotiation and outcomes. By integrating the exploitation/exploration arguments into a set of knowledge-related strategic motives for alliance formation, the main arguments focus on the influence of governance mechanisms on the relationship between strategic fit and outcome in terms of knowledge. This paper integrates the emergent knowledge-based theories of alliance formation (and outcome) with existing theories related to governance and coordination in an attempt to explain how the knowledge outcome of collaborative relationships may be determined by the strategic fit of partner motives, influenced by the mix of contractual and procedural governance. A series of testable propositions are derived in order to answer the following question: Do combinations of contractual and procedural coordination, given specific strategic fit, explain performance differentials? URI: http://hdl.handle.net/10398/7479 Filer i denne post: 1
smg wp 2008-09.pdf (437.4Kb) -
Duus, Henrik Johannsen (København, 2008)[Flere oplysninger][Færre oplysninger]
Resume: Current changes in business conditions may increase interest in environmental scanning and external analysis within the area of corporate strategy. Thus, strategic forecasting is gaining prominence. Strategic forecasting can be defined as the area of business economics that deals with the study and the practical application of methods, theories, models and techniques for long-term analysis of the non-proximate environment of the firm with the purpose of conducting strategic innovation. This paper distinguishes strategic forecasting from other analytical approaches and develops its theoretical basis. Finally, challenges in future theoretical development and implications for business economic theory and practices are elaborated. URI: http://hdl.handle.net/10398/7674 Filer i denne post: 1
cme 2008-017.pdf (200.8Kb) -
what do we know and need to know?Mahnke, Volker; Overby, Mikkel Lucas; Vang, Jan (København, 2003)[Flere oplysninger][Færre oplysninger]
Resume: This paper presents a review of existing theoretical perspectives and empirical work on strategic IT outsourcing. By presenting the main findings of various recent studies and elaborating on current research gaps it conveys a picture of the past research, the present findings and the future applications of IT outsourcing. Prior research has generated theoretical insights and largely qualitative evidence on IT outsourcing. While quantitative studies remain sparse, limited to decisionmaking and performance, there is a lack of quantitative empirical research examining outsourcing processes more comprehensively. This paper outlines a simple, yet integrative process model and develops propositions, which serve to integrate and compare theoretical strands, to evaluate existing empirical research and to stimulate new avenues of empirical research. URI: http://hdl.handle.net/10398/6479 Filer i denne post: 1
mahnkeoverbyvang2003cbswp.pdf (352.3Kb) -
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Andersen, Torben J.; Joshi, Mahesh P. (København, 2008)[Flere oplysninger][Færre oplysninger]
Resume: The strategic orientations of global integration and local responsiveness (the I-R framework) continue to dominate analyses of internationalization strategies and identify the basic strategy typologies of multinational enterprise. Much effort has been devoted to verify the generic strategies established within the original I-R framework but few studies have investigated their implied performance effects. In conformity with the foundations of the I-R framework we characterize the strategic orientations by their implied corporate decision structures and strategy processes and analyze their performance associations in two distinct industrial environments. The evidence from this analysis contradicts predictions in the conventional I-R framework. We explain this conundrum from a resource-based perspective as firms operating in technology intensive environments outperform when they have access to diverse multinational resources whereas firms in common goods businesses gain economies from global product standards. URI: http://hdl.handle.net/10398/7428 Filer i denne post: 1
smg wp 2008-11.pdf (370.4Kb) -
The case of the US express delivery industryMahnke, Volker; Overby, Mikkel Lucas; Özcan, Serden (København, 2004)[Flere oplysninger][Færre oplysninger]
Resume: IT-enabled innovations are of increasing importance for competitive success in a range to develop associated competencies - in-house and/or through outsourcing - consequential for creating and sustaining competitive advantage. Against the backdrop of the importance of IT-enabled innovation, the key concern of this chapter is to address the crucial question: How do capability development strategies differ between first-movers and late entrants in IT-enabled services. We develop theory based on three explorative case studies – FedEx, UPS and DHL. An analysis of the three companies reveals that governance choices are influenced by a company’s attempts to create, imitate, and/or leapfrog IT-enabled innovation in varying technological regimes. of industries including express delivery services. How companies choose associated competences - in-house and/or through outsourcing - is conseqcreating and sustaining competitive advantage. Against the backdrop of the of IT-enabled innovation, the key concern of this chapter is to address URI: http://hdl.handle.net/10398/6499 Filer i denne post: 1
18-2004.pdf (538.4Kb) -
Andersen, Torben Juul; Roggi, Oliviero (Frederiksberg, 2012)[Flere oplysninger][Færre oplysninger]
Resume: Major corporate failures, periodic recessions, regional debt crises and volatile markets have intensified the focus on corporate risk management as the means to deal better with turbulent business conditions. Hence, the ability to respond effectively to the often dramatic environmental changes is considered an important source of competitive advantage. However, surprisingly little research has analyzed if the presumed advantages of effective risk management lead to superior performance or assessed important antecedents of effective risk management capabilities. Here we present a comprehensive study of risk management effectiveness and the relationship to corporate performance based on panel data for more than 3,400 firms accounting for over 33,500 annual observations during the turbulent period 1991- 2010. Determining effective risk management as the ability to reduce earnings and cash flow volatility, we find that it has significant positive relationships to lagged performance measures after controlling for industry effects and company size. We also find that availability of slack resources and investment commitments affect the risk management capabilities and their relationship to performance. URI: http://hdl.handle.net/10398/8696 Filer i denne post: 1
Torben Andersen.pdf (170.6Kb) -
Juul Andersen, Torben (København, 2005)[Flere oplysninger][Færre oplysninger]
Resume: Liberalizations of international trade and improvements in communication and information technologies allow companies to organize around extensive multinational structures of cross-border sourcing networks. In a freely interacting market setting multinational enterprise is exposed to financial and economic risks that can be monitored within conventional reporting systems and managed through use of various derivative instruments. All the while, a dispersed multinational structure can be vulnerable to disruptions caused by changing economic conditions, competitive moves, and geopolitical developments as well as natural disasters and terrorist events that are difficult to forecast. Consequently, current risk management techniques span from conventional gap analyses and quantitative value-at-risk measures of market-related exposures to more qualitative assessments of competitive exposures and low-frequency high-impact disaster events based on scenario analyses. Hence, there is a need to consider risk management approaches that integrate relatively transparent financial exposures with the consequences of uncertain and hard-to-quantify event risks. This paper outlines the contours of such a strategic risk management framework incorporating conventional exposure measures and simulation techniques to assess vulnerability and responsiveness in a turbulent global setting. URI: http://hdl.handle.net/10398/7426 Filer i denne post: 1
smg wp 2005-003.pdf (526.7Kb) -
Lobontiu, Gabriela (København, 2002)[Flere oplysninger][Færre oplysninger]
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Duus, Henrik Johannsen (København, 2007)[Flere oplysninger][Færre oplysninger]
Resume: Der kan forventes en øget interesse for virksomhedens eksterne omgivelser i strategilægningen i forbindelse med ændringer i virksomhedernes erhvervsbetingelser. Dette aktualiserer Strategisk Forecasting, som kan defineres som det område af erhvervsøkonomien, der omhandler studiet og anvendelsen af metoder, teorier og teknikker, som understøtter langsigtede analyser af virksomhedernes fjernmiljø i forbindelse med den strategiske iværksættelse af innovative aktiviteter. Dette paper afgrænser området i forhold til andre typer af analyser og udvikler det teoretiske grundlag bag området. Afslutningsvis specificeres udfordringerne i den fremtidige teoretiske udvikling og implikationerne for den erhvervsøkonomiske praksis i virksomhederne. URI: http://hdl.handle.net/10398/7680 Filer i denne post: 1
cme 2007-014.pdf (257.2Kb) -
Overvejelser om iværksættelse af kommunikation og valg af tegn i en professionel kontekstBak, Annette Cecilie; Nørgaard, Jens Lautrup (København, 2006)[Flere oplysninger][Færre oplysninger]
Resume: Semiotikken er først og fremmest en teori om betydning og en analytisk ramme om betydningsdannelse. Dermed er semiotikken grundlæggende rettet mod den allerede foreliggende kommunikation. Imidlertid kan semiotik også bringes i frugtbar anvendelse i en fremadrettet iværksættelse af kommunikation, der søger at kombinere kommunikativ handling med reflektorisk skarphed. Det er formålet i dette paper at indtænke semiotikkens refleksion i en fremadrettet kommunikationspraksis. Paperet er motiveret af konkrete undervisningssammenhænge, og dets sigte er primært didaktisk. URI: http://hdl.handle.net/10398/6853 Filer i denne post: 1
fremadrettetsemiotik.pdf (302.7Kb) -
Holm Larsen, Michael; Kühn Pedersen, Mogens (København, 2001)[Flere oplysninger][Færre oplysninger]
Resume: Knowledge management is rarely found in a strategy context. Although some companies already have introduced the role of a chief knowledge officer, knowledge management is not treated as a strategic endeavour. Furthermore, contributions from an academic point of view are scarce in the field of the strategic issues of knowledge management. This paper contributes with some insight in pointing out the strategic question that knowledge management might provide answers for: The efficiency issue of stategic positioning. Furthermore, the paper emphasises the distinction between symmetric and asymmetric incentives in business relations, and on this basis identifies the notion of Distributed Knowledge Management as a means for creating efficiency strategies with symmetric incentives in business relations. In this way a strategic agenda for knowledge management is identified. URI: http://hdl.handle.net/10398/6864 Filer i denne post: 1
linkwp01-17.pdf (90.85Kb) -
past debates, central questions, and future research possibilitiesFoss, Nicolai Juul (København, 2002)[Flere oplysninger][Færre oplysninger]
Resume: The role of transaction cost economics in developing research in strategy has been a hotly debated topic over the last decade. This paper presents the radical argument that transaction cost insights are more than merely useful complements to existing approaches to strategy. Rather, they are necessary for adequately understanding the nature of strategizing. This is because transaction costs are essential aspects of processes of creating, capturing and protecting value. If transaction costs are zero, these processes do not pose any strategic problems; strategizing is trivialized in such a world. When transaction costs are positive, on the other hand, opportunities for value creation through the reduction of inefficiencies caused by transaction costs exist, and protecting and appropriating value are costly activities that dissipate value. Also, contracting and expectations enter as central aspects of strategizing. Arguments are provided for why economizing (with transaction costs) is more fundamental than strategizing (in the sense of exploiting market power). Thus, the paper argues that models in which the fullest possible account of transaction costs is made be used as the proper foundations and benchmarks for economics-based strategy research, rather than the patched-up competitive equilibrium models that are now used, more or less implicitly, as the benchmark in important parts of strategy research, most notably in the resource-based view. URI: http://hdl.handle.net/10398/6911 Filer i denne post: 1
druid02-04.pdf (448.9Kb) -
some thoughts on the transaction cost foundations of firm strategyFoss, Nicolai Juul (København, 2000)[Flere oplysninger][Færre oplysninger]
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Poulsen, Thorbjørn; Plenborg, Thomas; Rohde, Carsten (Frederiksberg, 2009)[Flere oplysninger][Færre oplysninger]
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J. Foss, Nicolai, Volker Mahnke (København, 1998)[Flere oplysninger][Færre oplysninger]
Resume: We argue that strategizing fundamentally concerns disequilibrium phenomena, such as discovery, innovation, resource-combination, imagination - in short, entrepreneurship. Therefore, the understanding of strategizing is likely to be led astray by drawing too heavily on equilibrium theories. Arguably, the three dominant economic approaches to strategy - the Porter industry analysis approach, the new industrial organization, and the ressourcebased approach - are characterized precisely by their strong reliance on equilibrium methodology. We argue that the market process approach in its Austrian version offers much inspiration for bringing process issues to bear on strategy issues. URI: http://hdl.handle.net/10398/8093 Filer i denne post: 1
8778730686.pdf (107.6Kb) -
Mahnke, Volker; Foss, Nicolai J. (Frederiksberg, 1998)[Flere oplysninger][Færre oplysninger]
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Comparison of Danish and Swedish drug discovery firmsLund Jensen, Rasmus; Dahlgren, Henrich; Valentin, Finn (København, 2006)[Flere oplysninger][Færre oplysninger]
Resume: This report studies employment effects associated with the adoption of modern biotechnology in Danish industry. In this context we also examine industry structure, patterns of job creation, key outputs such as patents and the pipeline of projects in clinical trials. To see the development of Danish biotech firms in a relevant context we compare a Danish segment of biotech firms with a matching Swedish segment. From an overall assessment modern biotechnology, despite the three decades elapsed since the first genetic manipulation, is still in a stage of experimentation, learning how to turn its new tools and approaches into an operational, reliable, cost-effective technology, sufficiently "pluggable” with other technologies. Therefore employment directly related to biotech is particularly visible and identifiable in firms focused on R&D. Outside this core of R&D activity other industries appear as early adopters of biotech, but only parts of their activities relate to modern biotechnology. From the outside it is difficult to isolate what share of their employment is attributable to their activities within biotechnology. In pursuit of clarity on the role of biotechnology this report studies a segment of Drug Discovery Firms (DDFs), which almost exclusively are based on capabilities in biotech research. This delimitation gives the advantage of studying a homogenous segment of firms. At the same time, this segment of biotech research firms is an informative indicator of the ability of the Danish economy to perform in the transition towards knowledge and sciencebased competitiveness. That is so because DDFs to an unusual extent depend on the ability of their framework to perform as an innovation system, by which we refer to advantages growing out of interactions and complementarities between e.g. universities, firms and venture capital. That makes DDFs a sensitive "seismograph" for the ability of the Danish innovation system to foster new science-based technologies. Key words: Employment, Biotechnology, Firm size distribution, Industry structure, Firm performance JEL Codes: J21, L11, L22, L25, L65, O57 URI: http://hdl.handle.net/10398/6781 Filer i denne post: 1
wp05-2006.pdf (393.7Kb) -
Højlund, Holger; la Cour, Anders (København, 2005)[Flere oplysninger][Færre oplysninger]