Strategy

Paper Types

All full, developmental, workshop and symposia papers for this track are listed below. 

 

 

Developmental Papers

Ordinary Capabilities as well as Dynamic Capabilities can deliver Growth: Evidence from two Turkish Multinationals (413)

Author/sRichard Lynch Tanses Gulsoy Ozlem Atay

Track: Strategy

Paper Type: Developmental Papers

Keywords: international growth strategies, dynamic capabilities, ordinary capabilities, emerging market multinational companies1998

Abstract: Scholars have argued that the strategic concept of dynamic capabilities is the major source of growth for the firm, especially in fast expanding markets. However, this paper argues that ordinary capabilities also make a significant contribution to growth, especially in more mature markets. Through a qualitative study of two emerging-market multinationals from Turkey, we show how these companies have used both ordinary and dynamic capabilities to achieve major international growth over the last twenty years. We identify home market institutional and resource strengths as examples of ordinary capabilities. We provide evidence of the dynamic capabilities of learning, knowledge and entrepreneurial skills that have also delivered growth. We show that the ordinary capabilities of emerging market multinationals are a significant contributor to international growth.

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Identifying the Effects of Network Centrality, Network Size, and Interorganizational Learning on Firms Sensing Capability Do Market, Competitor, and Technological Turbulence Make the Difference (422)

Author/sWilliam Shiue Aybars Tuncdogan Evangelia Katsikea

Track: Strategy

Paper Type: Developmental Papers

Keywordssensing capability, dynamic capability, network centrality, network size, organizational learning

Abstract: This research effort strives to address the sensing component of dynamic capability that is largely unexplored in the extant literature. Specifically, an effort is made to investigate how the sensing capability of high tech firms is influenced and supported by an innovative network, as networking can provide access to knowledge and resources that are not readily available in a firm. In this vein, the present paper explores how network interaction patterns affect firms dynamic capabilities in the context of environmental turbulence. In particular, we examine the moderating roles of market, competitor, and technological turbulence to advance our understanding of how firms engage in sensing, in response to a capability gap. A quantitative research methodology will be adopted and structural equation modelling SEM will be used to analyse the study data. This research will have important implications for firms in their efforts to redefine their position in the innovative network and to foster their development of sensing capability.

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Leveraging Big Data:The Development of New Dynamic Capabilities (558)

Author/sClaire Catherine Brewis

Track: Strategy

Paper Type: Developmental Papers

KeywordsBig Data, dynamic capabilities, strategic marketing, Gioia methodology

Abstract: In the last two decades, new technological developments have introduced uncertainty into the business environment. The bi-product of these technologies, Big Data, can be an asset for firms who take the opportunity to engage with it. This paper considers how established firms are engaging new dynamic capabilities to leverage Big Data for strategic marketing.

The research draws on the experiences of four case study companies (FMCG, automotive, education and media). It uses semi-structured interviews of managers with in-depth knowledge and experience of adopting Big Data for strategic marketing.

The firms make use of five dynamic capabilities to leverage their Big Data asset. These are customer centricity, establishing an expert team in scarce conditions, intrapreneurship, applied technological thinking and data-driven decision-making.

The next stage of the study is to map the case study findings against existing dynamic capabilities theory, to determine the impact of the new Big Data resource.

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Subsidiary Strategy Process: Autonomy, Distinctiveness, Competitive Advantage and Performance (567)

Author/sHarry Sminia Anup Karath Nair

Track: Strategy

Paper Type: Developmental Papers

Keywordscorporate strategy, subsidiary strategy, embeddedness, assigned autonomy, assumed autonomy

Abstract: The extent to which a subsidiary of a multinational company (MNC) can shape its destiny depends on a range of factors. Initially, a subsidiary was seen simply as an agent acting on behalf of an MNC in a host country. Theoretically, the HQ-subsidiary relationship was elaborated in a top-down fashion; problematized in terms of how a subsidiary can best be managed by the HQ and integrated into the larger whole to provide the most value to the MNC. However, emerging evidence of the firm as a system of interconnected choices has triggered scholarly interest in understanding strategic management issues from the subsidiary point of view. Yet, beyond the realm of theoretical speculation, there exists a paucity of research that explores the process by which subsidiary strategy takes shape as a subsidiary positions itself within the MNC and the wider competitive environment. Thus, our paper aims to illuminate this process by investigating the fluctuations in strategy of Polaroid UK, a subsidiary of Polaroid Corporation.

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From Intertemporal Trade-Offs to Ambitemporality: A model of Financial-Market Stakeholder support (625)

Author/sKonstantina Papadopoulou Vasilis Theoharakis Sumon Kumar Bhaumik

Track: Strategy

Paper Type: Developmental Papers

Keywordsshort-termism, stock-market pressures, paradox, ambitemporality, communication

Abstract: In this constantly shifting and uncertain new world, managers of publicly-traded firms are often portrayed as being torn between delivering short-term results and creating long-term value. Encouraged by examples of firms which are successful at achieving both concurrently, we adopt a paradoxical lens. We argue that firms can and should be ambitemporal, and attempt to fill a critical gap in the strategic literature. Specifically, we attempt to identify the barriers to ambitemporality, and, in turn, uncover the mechanisms that could help firms manage and potentially lift these barriers. The short-term pressures received by financial-market stakeholders have been traditionally portrayed as the main barriers to ambitemporality, and appear to stem from the lack of trust between firms and these stakeholders. Our model focuses on the development of trust through the validation of previously-given trust and the impactful communication between firms and financial-market stakeholders, and highlights the active role managers must assume.

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Corporate Social Responsibility (CSR) Strategy Development: A Micro-Level Analysis of MNC Subsidiaries in Developing Countries (634)

Author/sSameer Mody

Track: Strategy

Paper Type: Developmental Papers

KeywordsStrategy, CSR, Strategy-as-Practice

Abstract: This research is at an early stage, but aims to build on a strategic issue that is identified as under-researched in the extant literature. It aims to develop understanding of how the conflict is addressed between a global CSR strategy that is centrally constructed, but implemented in geographically and culturally disparate developing countries. Strategy as practice literature helps to guide an interpretivist, qualitative approach that aims to explore micro level decision making processes in CSR strategy development in Multinational Corporations (MNC).

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Nonmarket Strategies in the UK Energy Sector: Why and How? (683)

Author/sNikolaos Adamidis Andrew D. James Mercedes Bleda

Track: Strategy

Paper Type: Developmental Papers

KeywordsNonmarket Strategy, Legislation, Energy Act 2013

Abstract: Strategic management scholars have shown an increasing appreciation of the importance of nonmarket strategies, i.e. the firms actions to influence its environment in order to obtain or maintain economic advantages Boddewyn, 2003 Baron, 2001. The nonmarket strategy literature has come to special prominence in regulated industries or industries which are impacted by government policies Lindeque, Lund and McGuire, 2007, Hadani and Schuler, 2013, Hansen and Mitchell, 2000, Holburn and Vanden Bergh, 2008. However, there are significant empirical gaps in understanding why firms adopt nonmarket strategies and the strategic actions they take Liedong, Rajwani and Mellahi, 2017, Mellahi, 2016. This developmental paper uses the Energy Act 2013 as an empirical focus on why and how firms use nonmarket strategies. The Act introduced important changes to the UK energy regulatory environment, setting decarbonisation targets, and reforming the electricity market. The paper will report the results of a scoping study using thematic analysis of publicly available data sources to identify the main features of the nonmarket strategies used by firms to manage the policy and regulatory challenges posed by the new legislation.

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How Can Firms Leverage Corporate Political Activity To Facilitate Business Model Innovation? (714)

Author/sSevda Seyidova

Track: Strategy

Paper Type: Developmental Papers

Keywordsbusiness model, business model innovation, corporate political activity, nonmarket environment

Abstract: Summary:

This developmental paper outlines the literature review and intended data collection and research methodology of the study. It engages in a conversation on nonmarket environment of business models by exploring how do firms leverage corporate political activity to facilitate business model innovation.

Comment: Between March 2019 and the BAM conference in September 2019, the theoretical analysis on BMI and CPA, at the same time coding and data collection, will continue to take place, allowing the paper to draw on further results in time for the conference.

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Muddled Meanings - A Quantitative Content Analysis of Strategy Communications in FTSE 100 Annual Reports 2010-17 (813)

Author/sNiko Johannes Karjalainen

Track: Strategy

Paper Type: Developmental Papers

Keywordsstrategy communication, content analysis, annual reports, strategic clarity

Abstract: The paper discusses the results of a quantitative content analysis on strategy communications in FTSE 100 constituents Annual Reports in 2010 and 2016. The analysis is based on categorization of n grams containing the term strategy into contextual and non contextual uses of the term. The analysis finds that a significant proportion of the uses of the term strategy are non contextual, i.e. refer to matters other than the company corporate or business strategy. The non contextual uses include functional strategies as well as a broad range of other concepts. The non contextual concepts most commonly associated with strategy are financial processes and corporate social responsibility. On average, the analysed companies had nine individual non contextual strategies. This obfuscation of strategy communication reduced somewhat between 2010 and 2016. Overt misuse of the term strategy and unclear strategy communication in a company primary stakeholder communication vehicle can have negative consequences. Firstly, resource allocation, e.g. management time, may be skewed by multiple strategies. Secondly, strategy communication impacts investor perception of a company. Thirdly, poor understanding of the company strategy by employees has a negative impact on the company ability to execute. Companies should review their investor communication policies to ensure clarity of strategy communication for the benefit of investors, employees and other stakeholders.

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The Internationalisation of English Business Schools: a Dynamic Capabilities Approach (935)

Author/sAnna John John Robert Anchor

Track: Strategy

Paper Type: Developmental Papers

KeywordsDynamic capabilities, internationalisation, business schools

Abstract: Despite the interest of English business schools in internationalisation, not all of them have been equally successful in meeting their internationalisation objectives recently. Some business schools have been faster in discovering opportunities for, and developing, international partnerships whereas others have experienced difficulties in reaching agreements. Despite its importance, this issue received little attention among academics and for this reason we still have a little understanding of it. The motivation of this study is to address this gap in prior research and to explore possible reasons for differences in internationalisation patterns across English business schools. We explore this issue from the dynamic capabilities theory perspective. For instance, it is possible that some English business schools possess superior dynamic capabilities, hence, greater potential to sense and seize opportunities and reconfigure strategies in the internationalisation context. Moreover, the potential of dynamic capabilities to shape internationalisation processes and outcomes may be important in some conditions whereas it may remain dormant in others. Our theoretical contribution is threefold. First, the study aims to start theorisation of an empirically rich, but theoretically weak, domaim, the internationalisation of business schools. Second, the study responds to a call to revisit the theoretical boundaries of the dynamic capabilities view in relation to higher education institutions in general and to business schools in particular. Finally, we contribute to an emerging literature stream exploring contingencies in dynamic capabilities the strategic processes link Barreto, 2010.

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Capturing Managerial Cognition and Investigating the Impact of Scenario Planning in the Shipping Industry (946)

Author/sGokhan Gokmen Peter McKiernan

Track: Strategy

Paper Type: Developmental Papers

Keywordsscenario technique, managerial cognition, the maritime shipping industry

Abstract: This paper outlines the research aims and some initial findings from two systematic literature reviews that were recently conducted by the author. Starting with the question how do managers think about the future, this paper engages in a conversation framed within the context of corporate foresight on how stakeholders in shipping industry engage with it in turbulent times. Deriving from the findings of reviews of literature, it sets out the evolution of the application of the scenario technique in the shipping industry as well as the techniques impact on participants in general. The paper further describes the proposed research design to attempt to answer the proposed research questions and articulates some expected outcomes. Comments on how this paper will be developed before the conference. This paper draws on initial findings from two systematic literature reviews, one of which was further analysed by critical interpretive synthesis method and the research will be enhanced by empirical data collection, which is scheduled to take place between April and November 2019. Since the BAM conference coincides with the last stages of the data collection period, the developmental paper, if accepted, will have been enriched with the initial results, especially the managerial cognition part which had not been investigated in shipping before.

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Why Paradoxical Leaders Have To Be Rational (1048)

Author/sMariya Eranova

Track: Strategy

Paper Type: Developmental Papers

Keywordsparadox, rationality, decision making

Abstract: Paradoxical decision making is often represented as an alternative to rational approach. It gained considerable attention in recent research, as it appears to be more suitable in turbulent and complex environments helping leaders to deal with conflicting demands. However, while paradox theory offers a novel and valuable perspective on decision making, creating such contrasts in presenting it might cause an impression that rationality is something redundant and therefore should be abandoned by paradoxical leaders. This paper aims to challenge early signs of an increasing gap between rational and paradoxical decision making. We argue that instead of threating these two as mutually exclusive, scholars and practitioners should look for the ways to integrate rational and paradoxical decision making for achieving superior outcomes. The paper conceptualizes how paradoxical leaders can benefit from rationality and offer two testable propositions. We suggest that reliance on one or another is neither feasible nor sustainable in a long term, whereas applying both will help leaders to come up with more original and efficient decision outcomes.

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Enablers and Inhibitors To The Adoption Of New Technology in UK businesses Investment Decision Strategy For Virtual Reality (1106)

Author/sMukundrai N Maru

Track: Strategy

Paper Type: Developmental Papers

KeywordsStrategy, Performance management, Virtual reality, Adoption, Business model

Abstract: Innovation adoption and investment strategy are perceived as an important necessity to capture value and competitive advantage. Early adoption of VR Innovation by Google, Facebook, Sony, Samsung Finnegan, 2016 and many have added to VR landscape generating 13 billion with more than 234 firms investing in Content generation and application development, VR content studio tools and platforms, reality capture tools, VR content distribution platforms, head mounted displays, and user input hardware. In spite of investment and adoption by industry leaders, VR technology is being adopted at a slow pace. This research attempts to identify inhibitors and enablers to the adoption of VR in UK businesses and also investigate their strategy to adopt innovative technology.

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Full Papers

A Meta Analytical Review Of Factors Affecting The Strategic Thinking Of An Organisation (129)

Author/sAqueeb Sohail Shaik Sanjay Dhir

Track: Strategy

Paper Type: Full Papers

KeywordsStrategic Thinking, Meta- Analysis, Homogeneity, Heterogeneity, Effect Size.

Abstract: A structured review of literature on the factors affecting the strategic thinking of an organisation has been conducted in this study. It offers some theoretical insights by analysing the divergent or analogous views of authors on these factors by analysing the empirical studies conducted in the literature. Meta Analysis is the methodology adopted in this study which analyses the different empirical studies conducted in the literature and determines the variation or similarities in the views of authors over the same factor based on their effect sizes. This study analyses over 45 different empirical studies conducted in the literature on the factors affecting the strategic thinking. The findings of this study identify the homogeneous or heterogeneous nature of the factors affecting the strategic thinking in an organisation. The study fills the unattended gaps in the literature by analysing the homogeneous and heterogeneous nature of the factors affecting the strategic thinking of a organisation.

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Voluntary Communications During M&A Deals: Impacting Upon Information Asymmetry And Evaluative Uncertainty (289)

Author/sYun Luo Maureen Meadows Duncan Angwin

Track: Strategy

Paper Type: Full Papers

KeywordsM&, A, voluntary communications, information asymmetry, evaluative uncertainty

Abstract: In this study, we explore both the volume and content of voluntary communications activities during M and A deals, in order to assess their impact on acquirer stock performance. Stock performance during M and A deals is an important consideration, particularly in the case of equity deals where an acquirers ability to increase their firms share price will also increase their ability to buy the target company. We use two measures of stock performance, stock volatility and cumulative abnormal returns. Our dataset includes 548 large M and A deals between US acquirers and US targets where both acquirer and target are publicly traded firms completed over the period 2010 to 2016. We analyse more than 15,000 voluntary communications taking place between the announcements of the deals and their completion dates. Our results indicate that, in the short term, cumulative abnormal returns CARs are higher for acquirers that engage in more voluntary communications during M and A deals than for those firms that engage in fewer. In the longer term, we find a significant relationship between the strength of the sentiment expressed in voluntary communications and stock volatility. These results provide empirical support for the argument that managers can use voluntary communications to influence market perceptions of their acquisition strategies.

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Learning Orientation and Social Enterprise Performance: The Mediating Role of New Product Development Capability (354)

Author/sCharan Raj Bhattarai Misagh Tasavori Caleb Kwong

Track: Strategy

Paper Type: Full Papers

KeywordsSocial enterprise, learning orientation, new product development capability, social and economic performance

Abstract: Although social enterprises are encouraged to improve their performance not only to fill the increasing funding gaps but also to address the increasing social issues, little is known about how they can do so. Scholars have identified learning orientation and new product development capability as two valuable resources that improve commercial firm performance. However, considering the differences between social enterprises and commercial businesses, how they improve the economic and social performance of social enterprises is still unclear. Aiming to fill such research gaps, drawing on the resource based view and dynamic capability perspective, we analysed data obtained from a survey of 164 UK social enterprises and found that the adoption and the development of learning orientation, a valuable resource, and new product development capability, a dynamic capability, can improve both the economic and social performance of social enterprises. Furthermore, we also found that new product development capability fully mediates the learning orientation to improve the economic and the social performance of social enterprises.

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Building a Dynamic Capability for Resilience: The Case of a Tour Operator Confronted with a Succession of Disruptive Events (382)

Author/sGulsun Altintas Veronique Ambrosini

Track: Strategy

Paper Type: Full Papers

Keywordsresilience, dynamic capability, disruptive event, outbound tour operator

Abstract: There are few studies on outbound tour operators which organize and sell trips on different foreign destinations. We also do not have an understanding of whether and how they modify their capabilities when faced with disruptive events. This means that one question remains largely unanswered: How does an outbound tour operator build resilience? Our qualitative study shows that resilience building takes place through the creation of a dynamic capability for resilience. This dynamic capability is built through the routinization of a successful experimentation. The factors underpinning this dynamic capability are the ability to identify the magnitude of the event, successful event management and implementation of changes. The commitment of employees and customers also promote the creation of the dynamic capability.

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Unleashing Technological Opportunity: Organizing Demand Side Value Creation (400)

Author/sCharles Baden-Fuller

Track: Strategy

Paper Type: Full Papers

KeywordsBusiness Models, Value Creation, Capture and Appropriation, Knowledge-based view

Abstract: We unpack the theoretical and practice basis of the digitally-enhanced solutions business model, contrasting it with the dominant product business model paradigm of strategic management. With the product business model, competitive advantage and rents come from superior resources and capabilities. In contrast with the digital solutions-based-business-models value is created and sometimes co-created through interactions between the firm and its customer/consumer; competition faced by firms adopting the digital solutions-business-model is significantly muted by information asymmetries concerning demand-side data; and power and profits comes to those that are creative and innovative with respect to customer demand data rather than those who have more resources. We also explore the solutions business model in the context of platform enterprises, and finally we consider the consequences for organisation design.

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Industry-makers and Strategizing: A Literature Review (412)

Author/sReza Aboutalebi

Track: Strategy

Paper Type: Full Papers

KeywordsIndustry, Strategy Implementation, MIO Model, Ten Forces framework, building-blocks of the industry, industry characteristic

Abstract: Industry features are considered by Porter (1980), Schmalensee (1985) and many other scholars as the prime determinants of effective strategy formulation and/or implementation. While industries are widely different from each other, there are some common elements or features that shape all existing and future industries. This paper aims to identify these common building blocks of industries and their possible effects on strategizing. In terms of methodology, a systematic literature review was employed. Inclusion criteria were all published studies in top ten related journals that have at least one of the nine keywords about the industry. This study identified 47 factors or characteristics that form every industry. These industry features grouped into ten sets of elements based on their common-sense connectivity, which shapes a tentative framework, the Ten Forces Framework, reflecting the interaction among building-blocks of the industry with each other and with strategy implementation practice inside of an organization. The macro-environment, industry and organization (MIO) model was proposed by connecting these three levels of analyses together.

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Learning from Failure: A Case Study of International Joint Venture Performance (560)

Author/sCraig Vincent Robinson James Forrest Cunliffe

Track: Strategy

Paper Type: Full Papers

Keywordsjoint venture, international joint venture, performance measurement, partnership

Abstract: This paper examines the causes of international joint venture failure, focusing on the case of a failed IJV between a US industrial company and a Saudi Arabian conglomerate from the perspective of the Saudi partner. Our objective was to identify factors leading to the failure of this IJV and examine these in relation to existing research, which tends to include only the western partners perspective. Data were collected via semi structured interviews with relevant senior management, supplemented by an indicative questionnaire and an examination of historical company records. Analysis facilitated by NVivo identified a number of key issues including the importance of developing, and building on, early stage trust and the apparent low emphasis placed by Saudi management on the role of cultural differences in precipitating failure. This contrasts with existing research and suggests a number of areas worthy of further study.

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Cultural Practices and Variations Influence on Managerial Discretion and its Implication on National Competitiveness (651)

Author/sMoustafa Haj Youssef

Track: Strategy

Paper Type: Full Papers

Keywordsmanagerial discretion, cultural practices, cultural variation, national competitiveness, CEOs

Abstract: This paper examines cross cultural differences in managerial discretion and the extent to which variations in inter and intra cultural practices affect the degree of freedom in decision making that is afforded to executives. Research into the degree of discretion, or latitude of executive action, has primarily focused on individual, firm, and industry level factors which, either enable or otherwise constrain the freedom of executive action. However, research into its national level antecedents and consequences remains limited. We further develop the national level construct of managerial discretion by empirically investigating the influence of cultural practices and their variations on CEOs discretion and its consequent implications across 18 countries. We find that cultural practices individualism, power distance, future, humane, and performance orientations, along with gender egalitarianism and assertiveness and the degree of variation surrounding each of these are associated with the managerial discretion. In turn, we conduct a multilevel regression analysis on a panel dataset spanning 17 years of national competitiveness levels to empirically demonstrate the direct influence of managerial discretion on national competitiveness. Finally, we show that managerial discretion mediates the relationship between cultural practices and national competitiveness. We contribute to the field of cross cultural and strategic management, by discovering for the first time new national level antecedents and consequences of managerial discretion, offering new theoretical insights and practical implications.

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Strategic Capabilities, Middle Managers and Organizational Ambidexterity (795)

Author/sBaku Morikuni Catherine Wang Romano Dyerson

Track: Strategy

Paper Type: Full Papers

KeywordsMiddle Managers, Organisational Ambidexterity, Capabilities.

Abstract: This paper sets out to address a gap in the organisational ambidexterity literature, the role played by middle managers. Through a systematic review of the literature, we assess current knowledge and relevant research in relation to the connections between the strategic role of the middle manager and the development of organisational ambidexterity. We argue that the view of the middle manager in the processes of organisational ambidexterity is fragmented and partial. Based on a systematic analysis of the literature, we identify six capabilities needed by middle managers in organisational ambidexterity processes. These capabilities form the foundation of a conceptual framework that explores the possibility of differing portfolios of middle manager capabilities coming into play depending upon the form of organisational ambidexterity pursued. This suggests that the role of middle managers in organisational ambidexterity may be more nuanced and differentiated than is currently acknowledged.

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The Dynamic Nature Of Consensus: A Longitudinal Study Into Cognitive Shifts And The Assumption Of Consensus Development (857)

Author/sDavid John Carrington Ian Alexander Combe

Track: Strategy

Paper Type: Full Papers

KeywordsConsensus, Building Consensus, Cognitive Mapping, Cognitive Shift, Strategy Formation

Abstract: In this this empirical study we report the findings based on longitudinal research into the assumption that consensus develops over time within organizations when addressing external environmental change and responding to crises. The cognitive maps of leaders and followers are analysed to investigate shifts in consensus within an organization in response to a financial crisis over a four year period within a single case study firm. The inclusion of a midpoint within three phases of data collection provides new empirical evidence that the scope of consensus fluctuates, rather than builds over a sustained period of time. The findings question the assumption that consensus develops over time when organisations respond to change reported in prior empirical studies.

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Need for Speed? Relevance of First Mover Advantage in Emerging Industries: Lessons from the Search Entry Industry (959)

Author/sTara Elizabeth Frawley John Fahy

Track: Strategy

Paper Type: Full Papers

KeywordsFirst Mover Advantage, Performance, Emerging Industries.

Abstract

Abstract

Despite the perils of first movership, there is stronger support for early entry (Bryman, 1997; Silverman et al., 1997) into a marketplace. Arguably first mover advantage is more difficult to attain in high velocity environments, where consumer needs, technological opportunities and competitor activity are constantly in a state of flux (Teece, 2007). The aim of this research is to explore the relevance of first mover advantage to performance in an emerging industry. This research employs a contextually embedded, longitudinal case study of first movership within the search engine industry, using multiple method approach (interviews and documentary evidence). The findings reveal that high performers in the search industry were predominantly early movers. The research also reveals that it was the exploitative behaviour of entrants post-entry or the strategies undertaken, which ultimately explains performance differentials, rather than market entry alone. It is proposed that further research must focus on what capabilities enable first or early movers to first sense the optimal time to enter and to then seize timing advantages in emerging industries. This research posits that the dynamic capability perspective offers conceptual richness to strengthen the first mover theory and form new conceptual insights.

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Digital Platform Evolution: The Effect of Stock versus Novelty of Content in Platform Adoption (960)

Author/sCarmelo Cennamo M.Mahdi Tavalaei

Track: Strategy

Paper Type: Full Papers

KeywordsPlatform adoption, indirect network effect, cross-side network effect, platform evolution, generativity

Abstract: How digital platform technologies evolve is an important question not just for the design of the platform architecture and the organizational mechanisms governing its evolution, but also importantly for its consequences on value creation for platform users, and accordingly on competitive dynamics. One perspective emphasizes the network effects dynamics and thus the static, inertial trajectory of platform evolution, the platform with a lead in network size will grow larger in network and value through self reinforcing feedback. Another perspective emphasizes the dynamic evolutionary aspect by stressing the generativity property of digital artifacts. Because a digital platform allows the creation of new, and often unanticipated diverse content by external complementors, its value is continuously reshaped by new content, evolving in new directions, attending to new uses and functionalities, and thus meanings to its users. Thus, the network effects logic would suggest that the stock of a platforms content largely defines the value of the platform to prospective users, and thus drives its adoption. The generativity logic would instead suggest that novel content shapes the evolutionary trajectory of the technology and thus its functionalities and value to prospective users, accordingly, it should be the factor driving platform adoption largely. We integrate both perspectives to test the effect of these two inertial and dynamic components on platform adoption and evolution, and the implications for platform competition.

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Institutional Risks, Ownership Context, Investor Identity, Perception, and Preferences: A Study of Indian Banks (1096)

Author/sShubhabrata Basu

Track: Strategy

Paper Type: Full Papers

KeywordsInstitutional risk, investor preference, ownership, psychological perception, Indian Banks

Abstract: Institutions are perceived by investors, as semblance of stability against uncertainties, a mechanism to facilitate transactions and a repository of investment security. Therefore, when institutions are exposed to risks, that have contagion potentials, how would that affect investor preferences? Using 2,304 (lagged) investment-month data points, from Indian commercial banks facing unprecedented NPA related liquidity cum credit risks, and covering 92 banks in aggregate for 145 months, we find that investment preferences are contingent upon identity of the investors (peers or commoners), ownership (state owned or privately owned) and preferences based on psychological contracts fostered by the investors, regarding duration and size of investments. We present novel insights into the risk return investment preferences in the context of Indian Banking Industry.

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The Influence of Power Distance on Top and Middle Managers Strategy Communication An Insight from Kuwaiti Context (1144)

Author/sJarrah Almansour Demola Obembe

Track: Strategy

Paper Type: Full Papers

Keywordspower distance, strategy process, social practice, top and middle managers, strategy communication

Abstract: We examine the role of power distance in regulating the strategy communication practice among top and middle managers from a social practice perspective. We argue that power distance cannot be treated as a material factor that can be controlled and easily measured beyond the organisation boundary; rather, it is the accumulation of social interactions between organizational members that need to be internally understood. Based on a single case study with 27 interviews drawn from public sector organisation, we find that strengthening the communication practice among organizational members and aligning both individual- and group-level cognition are key drivers for successful communication of strategy in public sector organization. Furthermore, we found that in a high power distance culture, the most powerful individuals make decisions dictatorially. Equally, organisations with high power distance culture are prone to deliberate mismanagement and high cultural tension. Our exploration therefore pushes the field forward by enriching the under-researched area of power distance and the cognitive understanding of social practice.

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An Analytical Review of Strategic Technology Management in the Public Sector in the GCC: The Case of Kuwait (1146)

Author/sJassim Alfahhad Jarrah Almansour

Track: Strategy

Paper Type: Full Papers

Keywordsstrategic technology management, top and middle managers, strategy communication, strategy implementation, GCC

Abstract: Strategic technology management concept, through widely orchestrated by its significance in developing originations and their national strategy, is rarely known in developing countries. In this conceptual study, we shed the light on the importance of adopting effective strategic technology management the necessity of creating respective managerial positions within organizations. Our study was based on the under-developed literature and the dearth of relevant strategic technology management information. We argued while GCC countries acquire the necessarily capacity and resources to develop the strategic technology, it is still way beyond development countries in terms of adopting strategic technology management and relevant practices in its organizations. Using data from multiple case studies with 27 interviews from top and middle management teams, we find that raising strategic awareness among organizational members and aligning both individual- and group-level cognition are key drivers for successful implementation of strategic technology management in public sector organization. Our exploration demonstrates a vital contribution to the under-researched area of strategic technology management and the cognitive understanding of such concept and relevant practices.

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Leadership and Strategic Management Effectiveness during Crisis in the Construction Sector: A case study. (1147)

Author/sEvangelia Fragouli Anastasia Lazaridou

Track: Strategy

Paper Type: Full Papers

Keywordsconstruction, management, leadership, effectiveness, project, crisis

Abstract: This research explores the importance of critical success factors for effective project management under a crisis condition and investigates crisis management practices within the construction sector. The case study of the Greek construction sector is examined through an empirical study and distribution of a questionnaire to a sample of 154 managers and engineers in construction companies applying descsriptive and inferential statistics for data analysis. Forming a set of 6 factors labeled as Organization and Human Resources, Project realization issues, Organizational bond and technology background, Planning and organizing issues, General environment and Project features, the study concludes that the most important skill for a crisis situation is the managerial one. The study recommends the importance of integration of a crisis management policy in an operation level in order management and leadership effectiveness to be enhanced.

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Impact of the Banking Industry and Economic Growth in SSA: Insights from Ghana (1166)

Author/sKweku Adams Dawda Adams Richard B Nyuur James Kwasi Ansah

Track: Strategy

Paper Type: Full Papers

Keywords: N/A

Abstract: This paper examines the role of financial services sector in the economic development of sub-Sahara African (SSA) countries and the myriad of factors inhibiting the sectors contribution to economic growth. It unpacks how regulatory inconsistencies and restrictions in West Africa have curtailed capital formation in Ghana and less than optimum contribution of the sector to economic growth. The paper suggests that excessive regulations and weak enforcement of rules, government bureaucracy and corruption, negatively affects a country's financial system. It is, therefore, necessary to balance the need for stronger regulation with appropriate levels of sector involvement in the regulatory process that supports the growth of the financial system. Participatory regulation requires that regulators proposing regulatory changes should hold consultative forums involving individuals from the private sector, corporate and private users of financial services, experts and service providers (including accountants, auditors, consultants, commercial lawyers) who can add value to the regulatory process. These issues present a number of implications that are discussed.

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Workshops

Strategy Realization: Mastering The Illusion Of Communication (528)

Author/sPaul Cuypers

Track: Strategy

Paper Type: Workshops

Keywordsstrategy, implementation, communication model, game

Abstract: The process of strategy definition and realization can fail at many points. One of the Achilles heels is the illusion of communication, caused by a lack of an agreed upon theory-to-practice model. The illusion of communication refers to people participating in endless meetings with no outcome, understanding whatever they choose, communicating in management speak.

Key words in random order are: Benefits, Values, Activities, Objectives, Mission, Synergy, Vision, Tactics, Deliverables, Strategy, Goals, Result, Resources, People, and Effects. There exists a unique sequence where each concept defines the next, forming a logical progression. Ask yourself, does mission define the vision, i.e., mission>vision, or is it the other way around? Do people create deliverables, or do activities>deliverables?

In this workshop, the participants learn to adopt a common thinking framework to define and convert a paper strategy conceived at the top of the organization into practice on the shop floor.

A shared set of agreed-upon concepts including their relations improves effective communication, enhancing the chances of success. The workshop participants learn and engage in word games designed to reason about strategy related concepts.

The structure of the workshop is as follows

Objective 1. Prove that the illusion of communication is real.

Objective 2. Define agreed upon concepts

Objective 3. Create and adopt a theory-to-practice framework

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