Strategic Management Journal

最新文章

• Breakthrough invention and problem complexity: Evidence from a quasi-experiment AI翻译
  作者：Zhang, Yuchen; Yang, Wei
  作者单位：Tulane University; China Europe International Business School
  摘要：Research Summary Problem formulation is central to recombinant invention, and problem complexity particularly shapes the process and outcome of knowledge recombination. However, research on the antecedents of problem complexity remains limited. This study examines how breakthrough inventions may serve as an important antecedent of the complexity of problems formulated by individual inventors. We propose that a breakthrough invention may facilitate inventors' appreciation of novel knowledge cou...
• Out of the trap: Conversion funnel business model, customer switching costs, and industry profitability AI翻译
  作者：Abolfathi, Niloofar; Fosfuri, Andrea; Santamaria, Simone
  作者单位：National University of Singapore; Bocconi University; Bocconi University
  摘要：Research Summary: Across many industries, firms employ a conversion funnel business model to attract customers with basic and affordable products, generate lock-in, and then sell them more advanced and expensive products. We argue that this business model, coupled with high customer switching costs, results in a market outcome characterized by aggressive pricing and reduced profits. A sudden reduction in customer switching costs disrupts the conversion funnel and can eventually increase indust...
• From product system to ecosystem: How firms adapt to provide an integrated value proposition AI翻译
  作者：Stonig, Joachim; Schmid, Torsten; Mueller-Stewens, Gunter
  作者单位：University of St Gallen; University of St Gallen
  摘要：Research Summary Ecosystems represent a key challenge for established firms, shifting their focus from products to system-level collaboration around integrated value propositions. This longitudinal case study of a machine manufacturer reports how an established firm created an ecosystem to enhance its focal product. Drawing on an activity system lens, we develop a model how firms can achieve fit around an integrated value proposition through mutual adaptation of product and ecosystem activitie...
• Achieving cultural resonance: Four strategies toward rallying support for entrepreneurial endeavors AI翻译
  作者：Soubliere, Jean-Francois; Lockwood, Christi
  作者单位：Universite de Montreal; HEC Montreal; University of Virginia
  摘要：Research Summary We theorize the strategies that entrepreneurial actors employ to instill their endeavors with culturally resonant meanings and rally the support of key audiences (investors, analysts, or customers). In extant cultural entrepreneurship research, endeavors are assumed to achieve resonance and gain support when actors deploy the culture they share with their targeted audiences. But what if actors and audiences hold cultural repertoires that poorly overlap? We consider actors' eff...
• Corporate directors as heterogeneous network pipes: How director political ideology affects the interorganizational diffusion of governance practices AI翻译
  作者：Gupta, Abhinav; Wowak, Adam J.; Boeker, Warren
  作者单位：University of Washington; University of Washington Seattle; University of Notre Dame
  摘要：Research Summary Scholars have long recognized that interlocking directors act as conduits (or pipes) in the interorganizational diffusion of governance practices. Yet, this research generally depicts interlocks as homogenous, overlooking the possibility that directors differ in their beliefs about a given practice. Our study explores this idea in the context of the spread of two practices-lone-insider board structures and CEO-chair separation-across S&P 500 firms from 1997 to 2016. We theoriz...
• Building greener motorhomes: How dual-purpose technical and relational capabilities affect component and full product innovation AI翻译
  作者：Parmigiani, Anne; Irwin, Jennifer; Lahneman, Brooke
  作者单位：University of Oregon; Montana State University System; Montana State University Bozeman
  摘要：Research Summary This study investigates how dual-purpose technical and relational capabilities influence two types of product innovation: component and full product. We consider product modification, manufacturing, supplier relationship, and customer relationship capabilities, analyzing their interactions and interrelationships through an inductive study set in the motorhome industry. We find patterns between capabilities and types of product innovations and then use a descriptive qualitative...
• Firm partisan positioning, polarization, and risk communication: Examining voluntary disclosures on COVID-19 AI翻译
  作者：Benton, Richard A.; Cobb, J. Adam; Werner, Timothy
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Texas System; University of Texas Austin
  摘要：Research Summary The COVID-19 pandemic will rank among the greatest challenges many executives will have faced and not only due to the operational challenges it posed. Upon entering the U.S. context, the disease was immediately politically polarized, with clear partisan splits forming in risk perceptions of the disease unrelated to science. We exploit this context to examine whether firms' partisan positioning affects whether and how they communicate risk to their investors on a polarized publ...
• Pushed into a crowd: Repositioning costs, resources, and competition in the RTE cereal industry AI翻译
  作者：Hou, Young; Yao, Dennis
  作者单位：University of Virginia; Harvard University
  摘要：Research summary This article exploits a natural experiment involving self-regulation in the ready-to-eat (RTE) breakfast cereal industry to evaluate the performance impact of product repositioning. It then examines how a product's brand equity value declines with repositioning distance and explores various nonprice responses of firms to increased own and rival competition. Self-regulation led to a crowding of the product space by forcing differentiated products to become more similar. We find...
• Investigating the mix of strategic choices and performance of transaction platforms: Evidence from the crowdfunding setting AI翻译
  作者：Dushnitsky, Gary; Piva, Evila; Rossi-Lamastra, Cristina
  作者单位：University of London; London Business School; Polytechnic University of Milan
  摘要：Research Summary The platform literature offers keen insights on the pricing and non-pricing strategies that transaction platforms undertake. We supplement this work by studying how platforms mix together their strategic choices and the association with platforms' performance. To that end, we focus on crowdfunding platforms; a prominent setting of transaction platforms. We present an inductive large-N study of the population of 788 crowdfunding platforms that operated in EU-15 countries up to ...
• Do managers capture the value they create? Drivers of managers' value capture in a large retail chain AI翻译
  作者：De Stefano, Federica; Bidwell, Matthew; Camuffo, Arnaldo
  作者单位：Hautes Etudes Commerciales (HEC) Paris; University of Pennsylvania; Bocconi University
  摘要：Research Summary We investigate the relationship between value creation and value capture among frontline managers. Using longitudinal data from a restaurant chain, we find that those managers who persistently create more value for the firm capture just 0.5% of that extra value through their pay. We explore the reasons for this limited managerial value capture using an abductive approach. We find some evidence that value capture may be limited by lack of alternative employment opportunities. M...