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作者：Rubera, Gaia; Tellis, Gerard J.
作者单位：Bocconi University; University of Southern California
摘要：This research compares the performance of spinoffs and buyouts divested to commercialize innovations. The authors study 145 spinoffs and 121 buyouts that occurred in the United States between 1996 and 2005. Analysis provides three critical findings. First, spinoffs have higher profits in the two years after divestiture; afterwards, buyouts have higher profits. Second, strategic emphasis (investment in R&D versus marketing) is the mechanism that explains the diverging profitability of spinoffs ...
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作者：Bingham, Christopher B.; Eisenhardt, Kathleen M.
作者单位：University of North Carolina; University of North Carolina Chapel Hill; Stanford University
摘要：We recently introduced a research program on how firms can effectively capture fleeting opportunities using heuristics. Heuristics, we advocate, are the essence of strategy, especially in unpredictable markets where opportunities are often numerous, fast moving, and uncertain. Our emphasis on heuristics invites comparison with prominent research programs in cognitive psychology. We address this opportunity by comparing our simple rules heuristics approach with heuristics-and-biases and fast-an...
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作者：Knudsen, Thorbjorn; Levinthal, Daniel A.; Winter, Sidney G.
作者单位：University of Southern Denmark; University of Pennsylvania
摘要：While much is understood about the general pattern of industry dynamics, a critical element underlying these dynamics, the rate of the expansion of individual firms, has been largely overlooked. We argue that the rate at which firms can reliably increase their scale of operations is a critical factor in understanding the structure of industries. Further, success at scaling-up the firm's operations provides a dynamic-isolating mechanism that insulates established firms from new competition. We ...
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作者：Krause, Ryan; Semadeni, Matthew
作者单位：Texas Christian University; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要：In recent years, many firms have chosen to separate their CEO and board chair positions. Prior research has demonstrated that there are three forms that a CEO-board chair separation can take: apprentice, departure, and demotion. In this paper, we examine the antecedents of these three types. Our results show that the three types of separation each have different profiles in terms of the prior performance of the firm, the independence of the board, and the career horizon of the incumbent CEO. T...
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作者：Hiatt, Shon R.; Sine, Wesley D.
作者单位：Harvard University; Cornell University
摘要：Many entrepreneurs in developing economies face unstable environments due to violence and civil unrest. Yet, we know very little about how environments characterized by high levels of political and civil violence affect new venture processes and survival. Moreover, it is unclear whether standard theories about organizational strategy, such as planning, hold true in such environments. We explore these issues using a sample of 730 new ventures in Colombia from 1997 to 2001. We find that politica...
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作者：Larraneta, Barbara; Zahra, Shaker A.; Galan Gonzalez, Jose Luis
作者单位：Universidad Pablo de Olavide; University of Minnesota System; University of Minnesota Twin Cities; University of Sevilla
摘要：New ventures (companies eight years or younger) face an important choice in attempting to achieve growth: Should they follow strategic simplicity by relying on a few similar competitive actions, or emphasize strategic variety by implementing multiple different competitive actions? Data from 140 new ventures in Spain suggest that new ventures benefit from pursuing strategic variety, especially when their industries are highly dynamic. Further, although new ventures in general gain from strategi...
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作者：Patel, Pankaj C.; Chrisman, James J.
作者单位：Ball State University; Mississippi State University; University of Alberta
摘要：The behavioral agency model suggests family firms invest less in R&D than nonfamily firms to protect their socioemotional wealth. Studies support this contention but do not explain how family firms make R&D investments. We hypothesize that when performance exceeds aspirations, family firms manage socioemotional and economic objectives by making exploitative R&D investments that lead to more reliable and less risky sales levels. However, performance below aspirations leads to exploratory R&D in...
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作者：Giachetti, Claudio; Dagnino, Giovanni Battista
作者单位：Universita Ca Foscari Venezia; University of Catania
摘要：The way firms lengthen or shorten their product line with respect to rivals is regarded as one of the possible strategies firms can pursue to respond to competition. This article builds and tests hypotheses to study the effect of different levels of competitive intensity on product line length. The empirical analysis of data on 3,527 handset models introduced by 66 mobile phone vendors from 1994 to 2010 shows a consistent inverse U-shaped relationship between competitive intensity and the firm...
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作者：Fang, Christina; Kim, Ji-Hyun (Jason); Milliken, Frances J.
作者单位：New York University; Yonsei University
摘要：Most work in strategy and organization theory assumes that performance feedback is straightforward to interpret and truthfully reported. We raise the following question: How might the systematic distortion of negative performance information affect organizational learning and future performance? We formulate a model where (1) members do not always report the truth about what they know about their performance level, especially when performance is below aspiration and (2) their propensity to dis...
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作者：Gu, Qian; Lu, Xiaohui
作者单位：University System of Georgia; Georgia State University; National University of Singapore
摘要：Extant research shows that resources are significant to a firm's choice of alliance formation. We focus on an important form of intangible resource-firm reputation-and examine how it affects a firm's propensity to form alliances. We propose an inverted U-shaped relationship between a firm's reputation and its likelihood of alliance formation, resulting from the opposing mechanisms of opportunity and need. We also examine how this relationship may vary across two contingencies: (1) foreign and ...
