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作者：Nickerson, JA; Hamilton, BH; Wada, T
作者单位：Washington University (WUSTL); Gakushuin University
摘要：Two economic theories that how had an immense impact on modern strategic management research are Porter's strategic positioning framework (SPF) and Williamson's transaction cost economics (TCE). While both theories have contributed to our understanding of strategic management and to the choice of strategy and structure, each theory offers managerial prescriptions that are incomplete at best. We contend that if followed in isolation, each theory can lead to inferior performance. This paper, In ...
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作者：Chung, W; Kalnins, A
作者单位：New York University; University of Southern California
摘要：While competition decreases rents for firms, the presence of competitors may create benefits. Competitors that agglomerate, that are physically proximate, may create externalities-production efficiencies or heightened demand that increases rents. When such externalities exist, then who gains from and who contributes to them? We examine how other competitors' traits affect performance in Texas's lodging industry. In rural markets, we find that chain hotels and larger hotels contribute to positi...
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作者：Boyd, BK; Salamin, A
作者单位：University of Lausanne; Arizona State University; Arizona State University-Tempe; Firmenich
摘要：A limited number of studies have addressed the idea of 'strategic' reward systems-the matching of compensation systems to a firm's strategy. Prior research on this topic has been confined to U.S. firms, however, and a number of key questions remain unanswered. Using a sample of 917 employees from two large Swiss financial institutions, we found that pay systems are linked with divisional strategic orientation, but in a different form than prior studies. Additionally, we identify hierarchical p...
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作者：Chang, SJ; Rosenzweig, PM
作者单位：International Institute for Management Development (IMD); Korea University
摘要：Relatively few studies have examined the importance of an entry's sequential position to the choice of foreign entry mode. We use a dynamic model to analyze sequential entries into the United States from 1975 to 1992. Our findings show that several independent variables which explain a firm's initial mode of entry do not explain the modes of subsequent entries. These findings underscore the importance of experience in foreign investment, as companies learn from early entries and adapt the mode...
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作者：Lubatkin, M; Schulze, WS; Mainkar, A; Cotterill, RW
作者单位：University of Connecticut; emlyon business school; University System of Ohio; Case Western Reserve University; James Madison University; University of Connecticut
摘要：Using an ecological lens, we extend strategic management and industrial organization theory to investigate the performance effects of horizontal mergers. We theorize that firms differ in their ability to benefit from horizontal mergers; that the products involved in the merger differ in their ability to attain and sustain any increase in performance above their premerger level; and that resource niches in which each product competes differ in terms of competitive constraints. We then test thes...
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作者：Lounsbury, M; Glynn, MA
作者单位：Cornell University; Emory University
摘要：We define cultural entrepreneurship as the process of storytelling that mediates between extant stocks of entrepreneurial resources and subsequent capital acquisition and wealth creation. We propose a framework that focuses on how entrepreneurial stories facilitate the crafting of a new venture identity that serves as a touchstone upon which legitimacy may be conferred by investors, competitors, and consumers,, opening up access to new capital and market opportunities. Stories help create comp...
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作者：Powell, TC
摘要：Strategic management theories invoke the concept of competitive advantage to explain firm performance, and empirical research investigates competitive advantage and describes how it operates. But as a performance hypothesis, competitive advantage has received surprisingly little formal justification, particularly in light of its centrality in strategy research and practice. As it happens, the core hypothesis-that competitive advantage produces sustained superior performance-finds little suppor...
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作者：Rothaermel, FT
作者单位：Michigan State University; Michigan State University's Broad College of Business
摘要：I examine interfirm cooperation between incumbents and new entrants as a mechanism for incumbents to adapt to radical technological change through exploitation of complementary assets. The research setting is the biopharmaceutical industry, where I analyze 889 strategic alliances between 32 large pharmaceutical firms and providers of the new biotechnology. I find that incumbents that focus their network strategy on exploiting complementary assets outperform incumbents that focus on exploring t...
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作者：Westphal, JD; Fredrickson, JW
作者单位：University of Texas System; University of Texas Austin
摘要：We develop a theory of board-directed strategic change in which directors (1) conceive changes in corporate strategy that reflect the strategies of their own home companies, and (2) select new CEOs who have prior experience with similar strategies to facilitate implementation. The findings show that, while the experience of new CEOs appears to predict corporate strategic change, these effects disappear after accounting for board experience. Thus, our results suggest that executive effects on s...
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作者：King, AW; Zeithaml, CP
作者单位：University of Virginia
摘要：Resource-based theory argues that resources must be valuable, rare, inimitable, and lack substitutes to confer competitive advantage. Inimitability is a lynchpin of resource-based theory and central to understanding the sustainability of competitive advantage. Although scholars recognize a positive relationship between causal ambiguity and inimitability, the relationship among critical resources called competencies, causal ambiguity, and firm performance remains an unresolved conundrum. One pe...
