Department of Strategic Management and Globalization (SMG) 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) -
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) -
Analyzing Antecedents and Contingencies for Value CreationSax, Johanna (Frederiksberg, 2015)[Flere oplysninger][Færre oplysninger]
Resume: The aim of this thesis is to contribute to the literature with an investigation into strategic risk management practices from a strategic management and management accounting perspective. Previous research in strategic risk management has not provided sufficient evidence on the mechanisms behind firm practices, processes and tools for managing strategic risks, and their contingencies for value creation. In particular, the purpose of the thesis has been to fill the gaps in the literature by asking the question of: How does strategic risk management influence firms’ ability to deal with risks that may affect long-term competitive advantage and corporate longevity? To answer this question, the literature in strategic management and management accounting has been synthesized in order to identify management practices, processes and systems that take an active stance in making better decisions about risk-taking by preparing for the inherent uncertainty of strategic decisions. The thesis comprises four chapters that individually address the blind spots in the literature and in combination answer the overall research question. It suggests that proactive management practices such as strategic planning, interactive control systems and enterprise risk management processes, can be effective means in dealing with strategic risk. It further emphasizes the role of participative decision-making, a participative leadership style and the employees’ psychological safety for raising voice as important factors in order to benefit from these management practices most advantageously. Besides from enhancing our theoretical understanding of these mechanisms the thesis further provides empirical evidence on the interplay between the identified managerial practices and contextual factors as well as their ability on managing risks and create value for the firm. URI: http://hdl.handle.net/10398/9209 Filer i denne post: 1
Johanna Sax.pdf (1.483Mb) -
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) -
Juul Andersen, Torben; Fredens, Kjeld (Frederiksberg, 2011)[Flere oplysninger][Færre oplysninger]
Resume: Corporate entrepreneurship is deemed essential to uncover opportunities that shape the future strategic path and adapt the firm to environmental change (e.g., Covin and Miles, 1999; Wolcott and Lippitz, 2007). At the same time, rational central processes are important to execute strategic actions in a coordinated manner (e.g., Baum and Wally, 2003; Brews and Hunt, 1999; Goll and Rasheed, 1997). That is, the organization’s adaptive responses and dynamic capabilities are embedded in integrative structures that accommodate dispersed business initiatives. The dual concerns for integration and entrepreneurial behavior are reflected in the conjoint need for effective routines and exploratory search in adaptive systems (e.g., Pfeifer and Bongard, 2007; Sutton and Barto, 1998). It has also been expressed as a need to balance exploitation and exploration (March, 2001) and configure ambidextrous organizational forms (e.g., O’Reilly and Tushman, 2008; Tushman and O’Reilly, 2004). In strategy research, optimization and rejuvenation perspectives have variously been described as intended and emergent strategies (Mintzberg, 1978; Mintzberg and Waters, 1985), top‐down and bottom‐up strategies (Nonaka, 1987), induced and autonomous strategy processes (Burgelman, 2005; Burgelman and Grove, 1996, 2007), central planning and decentralized initiatives (Andersen, 2000, 2004, Andersen and Nielsen, 2009). Burgelman and Grove (2007) outline such a combined strategy process and observe how central direction and dispersed exploration can change over time influenced by strategic leadership. URI: http://hdl.handle.net/10398/8552 Filer i denne post: 1
Andersen_Fredens_SMG.pdf (286.1Kb) -
Foss, Nicolai J. (Frederiksberg, 2011)[Flere oplysninger][Færre oplysninger]
Resume: A concern with teams was central to early attempts to grasp the nature of the firm, but fell out of favor in later work. We encourage a return to the emphasis on teams, but argue that the idea of teams as central to the nature of the firm needs to be grounded in an appreciation of the importance of We frames and group agency. We use converging insights from evolutionary anthropology, cognitive social psychology and work on team agency to develop such a grounding, and link it to the issues of the existence and boundaries of firms. URI: http://hdl.handle.net/10398/8362 Filer i denne post: 1
Nicolai_J_Foss_SMG_2011.pdf (345.3Kb) -
Debates and a Novel ViewFoss, Nikolai J. (København, 2007)[Flere oplysninger][Færre oplysninger]
Resume: Arguments derived from the theory of science have been present in strategic management discourse since at least the beginning of the 1970s. The field’s topjournal,the Strategic Management Journal, has printed several theory of sciencebased papers. Most positions in the theory of science (falsificationism, instrumentalism, realism, constructivism, etc.) have been present in the methodological discourse in the field. This chapter briefly reviews theory science applications to strategic management, before a distinctive perspective on the evolution of the strategic management field is developed. According to this perspective, science progresses when deeper level mechanisms are identified and theorized. Theoretical reduction may therefore be an independent criterion of scientific progress. Application to the strategic management field of this perspective, which in the social sciences is closely connected to the notion of methodological individualism, reveals that the field has evolved in a manner akin to a swinging pendulum, oscillating between micro and macro perspectives. URI: http://hdl.handle.net/10398/7441 Filer i denne post: 1
cbs forskningsindberetning smg 7.pdf (211.0Kb) -
Zarzecka, Olga (Frederiksberg, 2016)[Flere oplysninger][Færre oplysninger]
Resume: Professional networks of senior managers have indisputable value for them as well as for their organizations. In recent years, much attention has been given to the structure of these networks as it reflects senior managers’ opportunity to access valuable resources. Surprisingly, the actual resources that senior managers acquire through their network ties, i.e. the tie content, remain heavily understudied. Hence, the purpose of this dissertation is to answer the following question: What resources flow through informal ties in senior managers’ professional networks, and why? The first chapter introduces the topic of this dissertation as well as the overall research question. The three next chapters are empirical studies of informal ties in professional networks of Danish senior managers, that together attempt to answer the overall research question. Chapter 2 looks into gender differences in resource exchanges and the effect of these differences on the number of, and extent to which, resources are provided by a network tie. Chapter 3 explores how firm underperfomance and social identity with corporate elite alter types of resources a network tie provides. Chapter 4 focuses on a tie’s internal dynamics and studies the effect of friendship on the extent and novelty of professional advice a tie provides. The fifth and final chapter of this dissertation summarizes the findings of the research papers in the light of the overall research question. Essentially, this dissertation suggests that the strategic value of professional informal network ties is contingent on the actual combination of resources these ties provide. Furthermore, this combination depends on micro-level mechanisms that affect three dimensions of tie content: the number of resources, the type of resources and the extent to which these resources are provided by informal network ties. URI: http://hdl.handle.net/10398/9357 Filer i denne post: 1
Olga Zarzecka.pdf (2.112Mb) -
Foss, Nicolai Juul; Ishikawa, Ibuki (København, 2006)[Flere oplysninger][Færre oplysninger]
Resume: The dominant view in the strategic management field is the resource-based view ("RBV"). It has often been observed that the RBV is lacking in the dynamic dimension. For example, processes of building competitive advantages by means of combining existing complementary resources in novel ways are not inquired into. We argue that the RBV may profitably draw on Austrian (Misesian) and Knightian insights in entrepreneurship and capital theory, particularly in its Lachmannian manifestation, in order to strengthen its dynamic components. We link the RBV and Austrian ideas in the context of the theory of complex systems pioneered by Herbert Simon. We draw a number of implications for strategic management from this synthesis, notably into resource value and sustainability of competitive advantage. JEL Code: B53, D21, L23, M1 URI: http://hdl.handle.net/10398/7458 Filer i denne post: 1
cbs forskningsindberetning smg 46.pdf (330.1Kb) -
Foss, Nicolai Juul (Frederiksberg, 2013)[Flere oplysninger][Færre oplysninger]
Resume: The notion of “capability” has long been influential in management research as an approach to address firm-level heterogeneity and heterogeneity in competitive outcomes. I discuss how recent advances in economics may allow for a more rigorous understanding and measurement of capability that take organizational practices into account. However, economists may also learn from work on capabilities in management research. URI: http://hdl.handle.net/10398/8756 Filer i denne post: 1
Nicolai_Foss_SMGWP2013_9.pdf (416.7Kb) -
Aesthetics’ Organizing Work and Employment in Creative IndustriesStjerne, Iben Sandal (Frederiksberg, 2016)[Flere oplysninger][Færre oplysninger]
Resume: Because of their temporary nature, work and employment in project based organizations are different from what we used to see in traditional organizational forms. Temporary employment, entailing less stability within the organization changes how employment and work are organized. Temporary systems are organized by transcending organization that go beyond the individual firm and replaces what used to be organized inside the firm. Following several calls for further research on these topics, this dissertation is a small step along the way as it investigates how work and employment are organized in temporary systems that lack stability and formal order. It advances our understanding of transcending organization in creative industries by adopting a practice based perspective. Empirically, the dissertation presents an in-depth study of the Danish film industry, which is an extreme case of a project based industry wherein temporary organizing dominates and challenges people to organize employment and work in new ways. The study draws on both ethnographic work and interviews conducted in the period from 2009-2015. The data set consist of 40 in-depth interviews of career trajectories with successful film workers with different functional roles and six months of ethnographic study of film projects in the Danish film industry, in particular delving into the film project Antboy and its sequels. URI: http://hdl.handle.net/10398/9395 Filer i denne post: 1
Iben Stjerne.pdf (5.666Mb) -
A study of Swedish biotech firms’ international expansionLindstrand, Angelika; Melen, Sara; Rovira, Emilia (København, 2006)[Flere oplysninger][Færre oplysninger]
Resume: The effects of using personal networks have in recent years become a topic of interest in the research area that focuses on the internationalization process of the firm. Few studies have, however, used the concept of social capital when studying the internationalization process of high-tech SMEs. In this explorative case study, ten Swedish SMEs in the biotech business have been examined in order to see how they use social capital for accessing the critical resources that they need in their internationalization process. The results of the study indicate that the usefulness of social capital changes during this process and that the wrong perception of social capital’s usefulness can lead to unsuccessful internationalization. URI: http://hdl.handle.net/10398/7432 Filer i denne post: 1
smg 2006-50.pdf (350.3Kb) -
Foss, Kirsten; Foss, Nicolai (København, 2008)[Flere oplysninger][Færre oplysninger]
Resume: On November 24, 1874, United States Patent No. 157,124 was granted to Joseph Glidden of DeKalb, Ill., for improved barbed wire fencing. Glidden’s patent was the culmination of a series of nine patents for improvements to wire fencing that were granted by the U.S. Patent Offi ce to American inventors, beginning with Michael Kelly in November 1868 and ending with Glidden’s patent (McCallum and McCallum, 1965), which quickly became dominant. To be sure, wire fencing had been used for a very long time. However, property rights over livestock were less secure, as wire fencing would often break under the impact of heavy livestock pressing against the fencing. This would not happen with barbed wire, so the costs at which property rights to livestock could be protected fell dramatically (Dennen, 1976; Anderson and Hill, 2004). URI: http://hdl.handle.net/10398/7448 Filer i denne post: 1
smg wp 2008-26.pdf (294.3Kb) -
Foss, Kirsten; Foss, Nicolai J. (København, 2008)[Flere oplysninger][Færre oplysninger]
Resume: To add insight in new value creation, opportunity discovery should be integrated with strategic management theory. Based on the resource-based view and the economics of property rights we build a framework that accomplishes this. Our key argument is that property rights and transaction costs are important antecedents of opportunity discovery. We identify two mechanisms that establish this influence, and examine alternative ways in knowledge, transaction costs, and property rights influence opportunity discovery and sustainable advantage URI: http://hdl.handle.net/10398/7482 Filer i denne post: 1
smg wp 2008-18.pdf (407.9Kb) -
Pedersen, Carsten Lund (Frederiksberg, 2016)[Flere oplysninger][Færre oplysninger]
Resume: The field of strategic management has long alluded to the idea that lower-level employees immersed in the day-to-day business have experiential insights of potential strategic value. This line of thought has predominantly been supported by anecdotal evidence and explored in meticulous case studies to uncover the evolutionary traits of autonomous ventures. In a related vein, studies of ‘strategic issue management’ (SIM) tried to uncover organizational processes to identify emerging issues in volatile environments and devise proper strategic responses. These conceptual models were introduced in the very first volume of ‘Strategic Management Journal’, but little empirical research has since tried to develop the conception of SIM. An underlying research aim of this dissertation is to address and bridge these two literature streams, honing the idea of utilizing the collective wisdom possessed by frontline employees about ongoing changes in the internal and external environments as a unique information source to extend and advance SIM. In view of this, the dissertation tries to answer the following research question: “To what extent can frontline employees and customers predict firm performance – and how can it be utilized in SIM?” In order to answer this question, the dissertation was divided into three different papers, each with a distinct research focus. The first paper is a conceptual study that reviews and builds theory, by arguing that the collective wisdom of frontline employees and customers can be utilized to predict firm performance and identify emerging issues in SIM. The second paper is a qualitative study that looks into how intended and emergent strategy processes interact over time in a particularly hostile industry context. The third paper is a quantitative study that seeks to measure the predictive accuracy, or collective wisdom, of frontline employees and customers in predicting firm performance. The study includes more than 150,000 individual forecasts based on 13,531 survey responses which is subsequently compared to measures of actual firm performance. URI: http://hdl.handle.net/10398/9687 Filer i denne post: 1
Carsten Lund Pedersen.pdf (3.042Mb) -
[Flere oplysninger][Færre oplysninger]
Resume: Much had happened since the CEO of Vestas Wind Systems A/S, Ditlev Engel, broadcast the company’s new corporate strategy – The Will to Win 2005-2008 – from headquarters in Randers, Denmark to all Vestas employees worldwide in 2005. Vestas, the market-leading producer of high-tech wind turbines, had since a merger the year before with a Danish turbine producer experienced financial difficulties, and management was therefore replaced with fresh leadership that could bring the Danish company to new heights. With the new management came a radical reorganization and the announcement of several new strategic initiatives. As Engel stated, “These initiatives are aimed at increasing effectiveness in all areas of Vestas’s business. We will professionalize our dialogue with the customers, we will improve the quality of our products and we will be much more effective in all that we do.” 1 The charismatic CEO also argued that “by the implementation of The Will to Win, we create a new global Vestas. This work will, no doubt, be exciting and very hard. At the same time, it will require the will to change in all of us and I am confident that we at Vestas can meet this challenge.” URI: http://hdl.handle.net/10398/7825 Filer i denne post: 1
SMG WP 2009-05.pdf (401.3Kb) -
Ørberg Jensen, Peter D.; Pedersen, Torben (København, 2007)[Flere oplysninger][Færre oplysninger]
Resume: In this article, we explore the idea that offshoring of services and technical work should be regarded as a dynamic process that evolves over time. Firms gradually move from offshoring of simple, standardized activities towards offshoring of advanced activities when they accumulate experience with offshoring, and this type of offshoring comes with an entirely different set of characteristics compared to traditional, cost-seeking offshoring. Based on a unique survey among the total population of firms in the eastern region of Denmark, we analyze some of the dynamics of this process through a model that incorporates two different aspects of the process of offshoring. First, we approach the question of whether to offshore and establish a baseline that investigates the determinants of firms’ participation—or lack thereof—in offshoring. Secondly, we approach the question of what to offshore and the subsequent process of offshoring, as we analyze the determinants of the offshoring of advanced, highend technical, and service activities. The findings are consistent with the notion of offshoring as a dynamic process as they show how some (cost-related) determinants play a role when firms first engage in offshoring, while rather different determinants matter for the subsequent process of offshoring of advanced activities. Although the model portrays a simplified expression of the offshoring process with two stages, the findings underpin our view that a process perspective on offshoring is a useful analytical framework. Keywords: Offshoring dynamics, and service offshoring URI: http://hdl.handle.net/10398/7419 Filer i denne post: 1
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Nielsen, Sabina; Nielsen, Bo Bernhard (København, 2008)[Flere oplysninger][Færre oplysninger]
Resume: In Europe, in particular, the number of foreigners appointed to top management teams has increased significantly over the past decade. However, the question of why some firms elect to employ foreign nationals on their top management teams remains unclear. This study utilizes a multi-level methodology to test the degree to which employment of a foreigner on the top management team is driven by individual level human capital characteristics versus firm level strategic considerations. Results from empirical tests on a sample of Swiss publicly listed companies suggest that degree of international diversification is positively associated with the likelihood of having a foreign executive, whereas human capital characteristics do not explain the propensity to employ a foreigner on the top management team. Further analyses indicate that nationality diversity at the board level, as well as the international experience of the top management team, are possible predictors of the probability of having a foreigner on the top management team. URI: http://hdl.handle.net/10398/7469 Filer i denne post: 1
smg wp 2008-21.pdf (294.6Kb)
Foregående side
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