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EXPRESS: Doing Safe while Doing Good: Slack, Risk Management Capabilities, and the Reliability of Value Creation Through CSR EXPRESS:在做好事的同时做到安全:松懈,风险管理能力,以及通过企业社会责任创造价值的可靠性
IF 4.9 2区 管理学 Q1 Social Sciences Pub Date : 2022-08-23 DOI: 10.1177/14761270221122428
Hao Lu, Xiaoyu Liu, Oleksiy Osiyevskyy
When can corporate social responsibility (CSR) become a reliable strategic asset? There is a scarcity of both theoretical arguments and empirical evidence investigating the trade-off between the risk and return of CSR. We intend to fill this gap by (1) investigating CSR’s simultaneous impact on firm value and the reliability of this impact, and (2) exploring the conditions under which CSR’s impact on firm value becomes more or less reliable. The presented findings suggest that CSR by itself is an unreliable value enhancer, in that it increases firm value but also increases the variance of expected value distribution. Yet, the impact of CSR on firm value becomes more reliable when a firm has immediately redeployable slack or when a firm has stronger risk management capabilities. This research provides practical implications to managers and investors regarding the riskiness of CSR investments and strategies for mitigating such risks.
企业社会责任何时才能成为可靠的战略资产?研究企业社会责任风险与回报之间的权衡关系的理论论据和实证证据都很缺乏。我们打算通过(1)调查企业社会责任对企业价值的同时影响以及这种影响的可靠性,以及(2)探索企业社会责任对企业价值的影响变得更可靠或更不可靠的条件来填补这一空白。研究结果表明,企业社会责任本身是一个不可靠的价值增强器,因为它增加了企业价值,但也增加了期望值分布的方差。然而,企业社会责任对企业价值的影响在企业具有立即可重新部署的松弛或企业具有更强的风险管理能力时更为可靠。本研究为管理者和投资者提供了有关企业社会责任投资风险和降低风险策略的实践启示。
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引用次数: 7
Looking forward, looking back: Strategic organization and the business model concept 前瞻与回顾:战略组织与商业模式概念
IF 4.9 2区 管理学 Q1 Social Sciences Pub Date : 2022-08-23 DOI: 10.1177/14761270221122442
Yuliya Snihur, K. Eisenhardt
In the past decade, the business model has emerged as a fundamental strategic and organizational concept. In this essay, we first “look back” to synthesize recent research on designing high-performing business models into two influential research streams. Managerial cognition grapples with the role of holistic mental models and strategic thinking for designing effective configurations of business model attributes. Learning processes address the uncertainties that emerge from the major disruptions that create opportunities for new business models. We then “look forward” to the exciting work on business models that remains for both extending current research and exploring broad societal impacts. Overall, we argue that the business model is rapidly replacing strategy as the most significant source of competitive advantage.
在过去的十年里,商业模式已经成为一个基本的战略和组织概念。在本文中,我们首先“回顾”,将最近关于设计高绩效商业模式的研究综合为两个有影响力的研究流。管理认知在设计商业模式属性的有效配置时,努力发挥整体心理模型和战略思维的作用。学习过程解决了重大中断带来的不确定性,这些中断为新的商业模式创造了机会。然后,我们“期待”在商业模式方面的令人兴奋的工作,这项工作既可以扩展当前的研究,也可以探索广泛的社会影响。总的来说,我们认为商业模式正在迅速取代战略,成为竞争优势的最重要来源。
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引用次数: 6
Seeing business like a state: Firms and industries after the digital revolution 视商业为国家:数字革命后的企业和行业
IF 4.9 2区 管理学 Q1 Social Sciences Pub Date : 2022-08-23 DOI: 10.1177/14761270221122404
G. Davis, Theodore W. DeWitt
What we know about firms and industries in the United States has been fundamentally shaped by governmental responses to the Great Depression. Mandates for regular disclosures by public corporations and a system of industry categories created for surveys of establishments gave us a synoptic view of the economy that served us well for generations. They also molded the development of the fields of strategic management and organization theory. But the tools and frameworks that made sense in the 1930s are a poor fit with the enterprises we encounter today. Basic terms like firm, industry, size, performance, employee, and nationality are contested. The field of strategic organization may be the academic discipline best suited to helping us transition to a new way of making sense of the organization of the economy.
我们对美国企业和工业的了解基本上是由政府对大萧条的反应所塑造的。对上市公司进行定期披露的要求,以及为企业调查而建立的行业分类体系,让我们对经济有了一个概括性的认识,这对我们几代人来说都很好。他们也塑造了战略管理和组织理论领域的发展。但是,在20世纪30年代有意义的工具和框架并不适合我们今天所遇到的企业。公司、行业、规模、业绩、员工和国籍等基本术语都存在争议。战略组织领域可能是最适合帮助我们过渡到一种理解经济组织的新方式的学术学科。
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引用次数: 1
Navigating the promises and perils of researching emerging phenomena in strategy and organizations 把握研究战略和组织中新兴现象的承诺和风险
IF 4.9 2区 管理学 Q1 Social Sciences Pub Date : 2022-08-22 DOI: 10.1177/14761270221122394
Siobhan O’Mahony, Susan L. Cohen
Editors and reviewers often issue clarion calls for interesting research with novel theoretical contributions. In response to these calls, scholars often gravitate toward emerging phenomena—novel contexts lacking scholarly community or hot contexts with growing interest. However, simply examining novel and hot phenomena is insufficient to carve an “interesting” theoretical contribution. The promise of studying emerging phenomenon may be seductive, but doing so can also introduce under examined perils. We argue that novel and hot phenomena have distinct promises and perils that are under appreciated—with significant consequences for scholarly careers. Novel phenomena can provide first mover advantages to scholars and generate much interest but may constitute a lonely, risky journey if an appropriate theoretical community does not emerge. Hot topics attract significant attention, but can also be marked by conceptual confusion, fragmenting the accumulation of knowledge as scholars struggle to differentiate their work within a rapidly growing field. Yet, what is considered novel or hot is dynamic. Scholarly interest in novel phenomena can wax, ignite fascination, and become hot or wane with skeptical, uncertain acceptance, influencing both promises and perils. We contribute strategies to help strategy and organization scholars mitigate the perils and amplify the promises of theorizing from novel and hot phenomena.
编辑和评论家经常以新颖的理论贡献发出有趣研究的号角。为了回应这些呼吁,学者们往往倾向于新兴现象——缺乏学术界的新颖语境或兴趣日益浓厚的热门语境。然而,仅仅考察新奇而热门的现象不足以做出“有趣”的理论贡献。研究新兴现象的前景可能很诱人,但这样做也可能带来未经充分审查的危险。我们认为,新颖而热门的现象有着明显的前景和危险,但却被低估了——这对学术生涯产生了重大影响。新颖的现象可以为学者提供先发优势,并引起很大的兴趣,但如果没有合适的理论社区出现,可能会构成一段孤独而危险的旅程。热门话题吸引了人们的极大关注,但也可能以概念混乱为标志,随着学者们在一个快速发展的领域内努力区分他们的工作,知识的积累变得支离破碎。然而,被认为新颖或热门的东西是动态的。学术界对小说现象的兴趣可能会随着怀疑、不确定的接受而升温或减弱,影响承诺和危险。我们提供策略来帮助战略和组织学者减轻危险,并从新颖和热门的现象中扩大理论化的前景。
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引用次数: 3
Emplacing category dynamics: Houselessness and the emergence of transitional micro-housing villages 安置类别动态:无房化和过渡性微型住房村的出现
IF 4.9 2区 管理学 Q1 Social Sciences Pub Date : 2022-08-03 DOI: 10.1177/14761270221115329
M. Awad
Recent studies suggest a critical yet unexplored role for local places such as cities and communities in category research. In this study, I investigate how places, as the nexus of cultural, political, and material influences, can shape category dynamics, especially in the early phases of category emergence. I synthesize insights from category work with recent conceptualizations of places as geographically bounded spaces, imbued with meanings and material forms. I conducted an in-depth qualitative field study of the emergence and expansion of a new category, transitional micro-housing villages, also known as Tiny Home Villages, in Eugene, a mid-size city in the United States in 2011–2019. The study unpacks the role of nested places in triggering, enabling, and constraining actors and their work to create, legitimate, and expand a category. Specifically, I highlight the role of local material forms and how actors can mobilize local spaces, technologies, and practices to advance their goals in contested category dynamics.
最近的研究表明,城市和社区等地方在分类研究中发挥着关键但尚未探索的作用。在这项研究中,我调查了地方作为文化、政治和物质影响的纽带,如何塑造类别动态,尤其是在类别出现的早期阶段。我综合了分类工作的见解,以及最近将地方概念化为地理上有界限的空间,充满了意义和物质形式。2011年至2019年,我在美国中等规模城市尤金对一个新类别——过渡微型住房村(也称为小家园村)的出现和扩展进行了深入的定性实地研究。该研究揭示了嵌套位置在触发、启用和约束参与者及其工作以创建、合法和扩展类别方面的作用。具体而言,我强调了当地物质形式的作用,以及行动者如何动员当地空间、技术和实践,以在有争议的类别动态中推进他们的目标。
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引用次数: 2
Themed issue: Top management matters 主题议题:高层管理事项
IF 4.9 2区 管理学 Q1 Social Sciences Pub Date : 2022-08-01 DOI: 10.1177/14761270221118220
L. Berchicci
In recent years, there has been a lively debate in the management field on whether and how top managers and Chief Executive Officers (CEOs) matter to the company’s performance (e.g. Fitza, 2014; Quigley and Hambrick, 2015). The collection of accepted papers in this issue of Strategic Organization seems to suggest that Top Management Teams (TMTs) influence not only specific corporate strategy decisions but also their firm’s performance. By examining a number of boundary conditions from different theoretical vantage points, these articles clearly position themselves in the “TMT matters” camp, with heterogeneous effects on firm performance. We can cluster the articles into three ‘baskets’: the effect of TMT (1) on the relation between performance feedback and a firm’s behavior; (2) on strategic oversight, the accuracy of strategic decisions, and acquisition target selection; and (3) on the link between CEO characteristics and firm performance. From Basket 1, two articles build on the Behavioral Theory of the Firm (BTOF) to suggest that TMT team characteristics and managerial perceptions of performance feedback influence a firm’s behavior. Saraf et al. (2022) examine how the inconsistency between objective performance feedback and managerial perceptions affects a firm’s propensity for innovation. They find that inconsistency has a negative effect on innovation propensity. Instead of looking into perceptions, Kolev and McNamara (2022) examine the structural attributes of TMTs as an important moderating factor in the relationship between performance feedback and a firm’s behavior. They show that when performances are below aspirations, TMTs with greater tenure diversity, smaller size, and smaller pay disparity among members tend to engage in more strategic risk-taking. Next, we have three articles that examine the effect of TMTs on various strategic decisions. Using data on CEOs and TMTs from Chinese firms, Li and Sullivan (2022) examine the relationship between managerial hubris and strategic foresight and argue that managerial hubris negatively impacts strategic foresight due to biases in attending, encoding, and processing information. By building a multi-agent model, Miller and Lin (2022) investigate how TMT characteristics influence the accuracy of diagnoses of strategic issues within the team. Among other interesting results, they show that attending to other managers’ inferences proves detrimental to the accuracy of strategic issue diagnoses while attending to the environment improves it. Thus, these two articles together seem to suggest that while strategic foresight improves strategic analysis, managerial hubris and TMT characteristics could hamper these relations. The third article examines how acquirers value targets’ technological relatedness (i.e. similarity and complementarity) in acquisition target selection. Kavusan et al. (2022) suggest and find that demographic fault lines within the TMT affect the team’s information processing capabi
近年来,管理领域就高层管理人员和首席执行官(CEO)是否以及如何影响公司业绩展开了激烈的辩论(例如,Fitza,2014;Quigley和Hambrick,2015)。本期《战略组织》的公认论文集似乎表明,高层管理团队不仅影响特定的企业战略决策,还影响其公司的绩效。通过从不同的理论角度考察一些边界条件,这些文章清楚地将自己定位于“TMT问题”阵营,对企业绩效产生异质性影响。我们可以将文章分为三个“篮子”:TMT(1)对绩效反馈与企业行为之间关系的影响;(2) 战略监督、战略决策的准确性和采购目标的选择;以及(3)CEO特征与企业绩效之间的联系。从篮子1中,有两篇文章建立在企业行为理论(BTOF)的基础上,认为TMT团队特征和管理层对绩效反馈的感知会影响企业的行为。Saraf等人(2022)研究了客观绩效反馈和管理认知之间的不一致如何影响企业的创新倾向。他们发现,不一致性对创新倾向有负面影响。Kolev和McNamara(2022)没有研究感知,而是将TMT的结构属性作为绩效反馈与公司行为之间关系的重要调节因素。他们表明,当业绩低于预期时,任期多样性更大、规模更小、成员薪酬差距更小的TMT往往会承担更多的战略风险。接下来,我们有三篇文章来研究TMT对各种战略决策的影响。李和沙利文(2022)利用中国公司CEO和TMT的数据,研究了管理傲慢与战略远见之间的关系,并认为管理傲慢由于在处理、编码和处理信息方面的偏见而对战略远见产生负面影响。Miller和Lin(2022)通过建立多智能体模型,研究了TMT特征如何影响团队内战略问题诊断的准确性。在其他有趣的结果中,他们表明,关注其他管理者的推断对战略问题诊断的准确性不利,而关注环境则会改善战略问题诊断。因此,这两篇文章似乎共同表明,虽然战略远见可以改善战略分析,但管理者的傲慢和TMT特征可能会阻碍这些关系。第三篇研究了收购方在收购目标选择中如何评价目标的技术相关性(即相似性和互补性)。Kavusan等人(2022)提出并发现TMT中的人口断层线影响团队的目标相关性信息处理能力,即其互补性成分。最后,我们有三篇关于CEO特征重要性的文章。有两篇文章探讨了CEO的过度自信。Zhung和Shi(2022)提出,薪酬过高的首席执行官(相对于市场薪酬较高)会变得更加自信,这对公司战略有影响。1118220 SOQ0010.1177/147612022118220战略组织编辑研究-文章2022
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引用次数: 0
The strategic organization of innovation: State of the art and emerging challenges 创新的战略组织:技术现状和新出现的挑战
IF 4.9 2区 管理学 Q1 Social Sciences Pub Date : 2022-07-30 DOI: 10.1177/14761270221119113
Paola Cillo, Gianmario Verona
Building on the vast literature on technological innovation and new product development, we propose a “strategic organization” framework to inform future research. The framework focuses on two core constructs: “agents” (external stakeholders and internal members of the firm involved in innovation activities) and “capabilities” (activities, systems, and values that retain and unfold organizational knowledge). It also distinguishes between two levels: the “new product development” process (the strategic and organizational sequences of tasks and decisions that compose product development activities); and the “firm” (the strategic and higher-order activities that shape corporate governance, corporate strategy, competitive strategy, and the organizational configuration of the firm). We draw on the framework to highlight how the strategic and organizational management of innovation has moved from a specialized organizational unit, the Research and Development function, to the C-suite. We discuss the implications of this framework for future research and highlight emerging challenges related to short-term financial pressures, sustainability, and digital transformation.
基于大量关于技术创新和新产品开发的文献,我们提出了一个“战略组织”框架,为未来的研究提供信息。该框架关注两个核心结构:“代理人”(参与创新活动的外部利益相关者和公司内部成员)和“能力”(保留和展现组织知识的活动、系统和价值观)。它还区分了两个层次:“新产品开发”过程(构成产品开发活动的任务和决策的战略和组织顺序);以及“公司”(塑造公司治理、公司战略、竞争战略和公司组织结构的战略和高阶活动)。我们利用这个框架来强调创新的战略和组织管理是如何从一个专门的组织单位——研发部门——转移到最高管理层的。我们讨论了这一框架对未来研究的影响,并强调了与短期财务压力、可持续性和数字化转型相关的新挑战。
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引用次数: 3
It’s strategy. But is it practice? Desperately seeking social practice in strategy-as-practice research 这是策略。但这是实践吗?在实践研究中迫切寻求战略中的社会实践
IF 4.9 2区 管理学 Q1 Social Sciences Pub Date : 2022-07-27 DOI: 10.1177/14761270221118334
Linda Rouleau, C. Cloutier
Over the past years, strategy-as-practice research has become a cornerstone for better understanding how strategy emerges from the sayings and doings of individuals in organizations. While tremendous progress has been made, we believe that the process that has led us to where we are today has left a crucial debate for understanding strategy as a “practice” behind. Inspired by other recent challenges to the field, we address a central question that has concerned the strategy-as-practice community from its early beginnings, but for which an adequate answer has yet to be provided: What is practice? We answer this question by suggesting that strategy-as-practice scholars place a knowledgeability principle at the core of their conceptualization of practice. We believe that taking the notion of practice more seriously in our research in this way will help not only reinvigorate, but also revitalize our field by deepening our understanding of the relationship between practice research and strategic organization.
在过去的几年里,战略即实践研究已经成为更好地理解战略如何从组织中个人的言行中产生的基石。尽管已经取得了巨大进展,但我们认为,使我们走到今天这一步的进程,已经为将战略理解为一种“实践”留下了至关重要的辩论。受该领域最近面临的其他挑战的启发,我们讨论了一个核心问题,这个问题从一开始就与作为实践社区的战略有关,但尚未提供充分的答案:什么是实践?我们通过建议作为实践的策略学者将知识能力原则置于他们对实践概念化的核心来回答这个问题。我们相信,以这种方式在我们的研究中更加重视实践的概念,不仅有助于振兴我们的领域,而且有助于通过加深我们对实践研究和战略组织之间关系的理解来振兴我们的行业。
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引用次数: 5
Strategic organization, dynamic capabilities, and the external environment 战略组织、动态能力、外部环境
IF 4.9 2区 管理学 Q1 Social Sciences Pub Date : 2022-07-22 DOI: 10.1177/14761270221115377
Constance E. Helfat
A large stream of theoretical and empirical research has developed on the topic of dynamic capabilities. However, research on the mechanisms through which dynamic capabilities affect outcomes for firms has often focused on alterations to firms’ resource bases (their resources and capabilities), with less attention to the effects of dynamic capabilities on the external environment. I introduce the concept of external-facing dynamic capabilities and explain how these capabilities may have direct effects on the external environment, in addition to helping firms alter their resource bases. These effects in turn can help firms adapt to and even shape their external environments.
关于动态能力的研究已经形成了大量的理论和实证研究。然而,关于动态能力影响企业结果的机制的研究往往侧重于企业资源基础(其资源和能力)的改变,而较少关注动态能力对外部环境的影响。我介绍了面向外部的动态能力的概念,并解释了这些能力如何对外部环境产生直接影响,以及如何帮助企业改变其资源基础。这些效应反过来可以帮助企业适应甚至塑造其外部环境。
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引用次数: 7
EXPRESS: BROAD VERSUS NARROW ORGANIZATIONAL SCOPE AMONG NONPROFITS: THE MODERATING EFFECTS OF THE TASK ENVIRONMENT EXPRESS:非营利组织的组织范围宽与窄:任务环境的调节效应
IF 4.9 2区 管理学 Q1 Social Sciences Pub Date : 2022-07-22 DOI: 10.1177/14761270221114913
Nick Mmbaga, Jiaju Yan, David Gras
We use a mixed methods design to investigate the relationship between scope and performance within nonprofits and under varying conditions of environmental dynamism, munificence, and complexity. Prior strategy research on for-profit organizations suggests that relatively high levels of environmental dynamism and complexity attenuate the negative relationship between scope and performance, while greater munificence reinforces it. Our longitudinal quantitative study of approximately 63,000 Canadian nonprofits suggests the opposite: greater dynamism reinforces the negative relationship, and munificence bears no definitive effect, indicating that certain task environment effects on the scope–performance relationship manifest uniquely for organizations pursuing social over economic value creation. We then conduct qualitative interviews with nonprofit executives to explore in greater detail the probable mechanisms that underpin these relationships, highlighting three—nature of mission, scarcity of human capital, and competitive tension in collaboration. We offer several contributions to theory and practice regarding the relationship between nonprofit scope and performance.
我们使用混合方法设计来调查非营利组织的范围和绩效之间的关系,以及在不同的环境动态、慷慨和复杂性条件下。先前对营利性组织的战略研究表明,相对较高水平的环境动态性和复杂性减弱了范围与绩效之间的负相关关系,而更大的慷慨则强化了这种负相关关系。我们对大约63,000家加拿大非营利组织的纵向定量研究表明,情况恰恰相反:更大的活力强化了负面关系,而慷慨并没有明确的影响,这表明某些任务环境对范围-绩效关系的影响只在追求社会价值而不是经济价值创造的组织中表现出来。然后,我们对非营利组织高管进行定性访谈,以更详细地探索支撑这些关系的可能机制,强调使命的三种性质、人力资本的稀缺性和合作中的竞争紧张。我们对非营利组织范围和绩效之间的关系提供了一些理论和实践方面的贡献。
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引用次数: 1
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Strategic Organization
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