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作者：Sergeeva, Anastasia; Zott, Christoph
作者单位：University of Bath; University of Navarra; IESE Business School
摘要：Research SummaryThis study explores why and how founders' values lead them to design novel business models. To address these questions, we conducted a historical case study of Magnum Photos, a photo agency whose novel business model revolutionized magazine photography in the mid-20th century. Our abductive analysis reveals that personal values can be a principal driving force for business model innovation (BMI). Actors who believe that their personal values are difficult to reconcile with exis...
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作者：Szerb, Anna; Furr, Nathan
作者单位：New York University; New York University Abu Dhabi; INSEAD Business School
摘要：Research SummaryResearch underscores the importance of innovation ecosystems-or the larger group of firms producing components and complements-to the ability of focal firms to create value with an innovation. However, how ecosystems emerge and evolve remains unexplored. In a question-based examination of the solar photovoltaic ecosystem, we observe that ecosystems emerge earlier than predicted through the transfer of ecosystem elements, in a process of re-specialization, and ecosystem roles fr...
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作者：Boivie, Steven; Gee, Inn Hee; Gentry, Richard J.; Graffin, Scott D.
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Oklahoma System; University of Oklahoma - Norman; University of Mississippi; University System of Georgia; University of Georgia
摘要：Research SummaryWe examined whether or not directors' prior experiences with Chief Executive Officer (CEO) selection helps them to choose a higher-performing CEO. Using S&P 1500 firms from 1999 to 2020, we found that boards' prior experiences with hiring CEOs do not improve their ability to choose a higher-performing CEO; rather, their prior CEO selection experience has a small but consistent negative effect. At the same time, we found little evidence that the domain specificity of prior CEO s...
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作者：Stagni, Raffaele Morandi; Santalo, Juan
作者单位：Universidad Carlos III de Madrid; IE University
摘要：Research Summary: We show that multi-business firms pursuing technologically related diversification often face a paradox. While such strategies can yield superior financial performance through technological synergies, investors with limited attention tend to undervalue them due to their complexity. Using asset pricing methods, we find that these firms consistently outperform market expectations. The degree of mispricing depends on investor attention and the availability of information needed ...
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作者：Lee, Jaemin; Luo, Xiaowei Rose; (Jay) Kim, Ji-Yub
作者单位：Korea University; INSEAD Business School; INSEAD Business School
摘要：Research SummaryWe explore how dominant coalitions' political goals influence firms' responses to performance feedback, introducing the concept of political slack. We propose that dominant coalitions use opportunities created by strong firm performance to make changes that reinforce their dominance while making defensive maneuvers to neutralize threats to their dominance posed by poor performance. A dominant coalition's ability to execute such strategic moves hinges on how much political slack...
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作者：Vinokurova, Natalya
作者单位：Lehigh University
摘要：Research SummaryWhat role do innovators play in the evolution of product categories? While management scholars have documented multiple cases of innovators creating new product categories, less attention has been paid to how innovators reshape existing ones. This paper explores the possibility that innovators can change the boundaries of established categories to accommodate their products. In an historical case study of the acceptance of mortgage-backed securities (MBS) as bonds in the United...
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作者：Bort, James; Wiklund, Johan; Yu, Wei
作者单位：DePaul University; Syracuse University; National University of Singapore
摘要：Research SummaryThis study investigates how sales and employment growth shape employee job satisfaction in startups. Grounded in Penrosean growth theory and related literature, we propose an inverted U-shaped relationship, where excessive growth triggers the Penrose Effect and impairs employee job satisfaction. Analysis of multilevel data reveals modest support for this relationship in employment growth, which is stronger for firms undergoing rapid workforce expansion. Exploratory text analysi...
