Strategic Management Perspective Research Articles

Implications of climate change for strategic management theory

PurposeThe purpose is to stimulate scholarship in the strategic management field that accounts for conditions implied by projected impacts of climate change.Design/methodology/approachFollowing conceptual logic, the article analyses how changes in the strategic environment brought about by climate change may challenge current strategic management theory. It develops avenues for theory development based on expanding the field’s scope and extending its limits of applicability.FindingsThe article highlights the extent to which the strategy field has evolved in a stable empirical context, despite its attention to dynamism and hence is less well aligned with potentially pervasive new pressures and impacts. It sets out a rationale for moving beyond symbolic environmentalism, possibilities to harness cognitive and behavioural insights, dilemmas in strategic innovation and the empirical potential of non-mainstream contexts.Practical implicationsFirms and organisations can expect widespread systemic effects from climate change that challenge established ways of operating. The article explores how strategic management could better support strategists in navigating these shifts such that firms can continue to thrive.Originality/valueThe article approaches the issue of climate change specifically from the perspective of strategic management of firms rather than as policy or social advocacy. It focuses on pressures and characteristics that distinguish climate change from other environmental and social impacts on firms.

A dynamic view of strategic innovation for sustainability: A longitudinal case study of a luxury fashion engineering company

In this article, we study how a luxury fashion engineering company strategically introduced sustainability‐oriented innovations (SOIs) over time through an in‐depth longitudinal analysis of a leading Italian business‐to‐business (B2B) firm. We apply a strategic management perspective to this first‐tier engineering manufacturer to bring new insights into how upstream firms deploy SOIs and to what effect, thus determining long‐term technological choices in the industry. We observe that such innovations evolved dynamically from the process dimension to the supply chain and, lastly, to the product dimension, thereby spanning explorational, procedural and communicational practices. We find that the company sustained significant growth over a decade while implementing its sustainability transition, thanks to three elements: a broad and wide‐ranging experimentation in all areas of the company, a continuous dynamic process of learning‐by‐doing and a commitment of the top management to prioritize new sustainable practices. The propositions developed from this case study can inform future strategic analysis and management of SOIs in other firms/industrial sectors.

Economy or premium? A systematic review of factors influencing retailers’ own product brand strategies

PurposeGrounded in strategic fit theory, this study aims to identify external and internal factors that influence retailers’ strategic choices regarding their own product brands. Furthermore, it seeks to explore the variations between different own product brand strategies in achieving both external and internal strategic fit.Design/methodology/approachThe systematic review method, incorporating a thematic analysis, was adopted, and 318 articles were included for review.FindingsThe factors that influence retailers’ strategic choices regarding their own product brands encompass a range of external macro and industrial environmental factors, along with various internal resource and capability factors. Moreover, the effects of these factors vary across different own product brand strategies.Originality/valueTo our knowledge, this is the first systematic review of research on retailers’ own product brands from a strategic management perspective, offering systematic and structured guidance for retailers.

Metaverse: Value creation and performance measurement across physical and digital world

This study provides a first conceptualization of the Metaverse from a strategic management perspective and advances performance measurement approaches for the Metaverse value creation. Specifically, the study aims to provide an in-depth analysis of Metaverse and the related implications on the value creation processes of the companies. In order to achieve this goal, we performed a detailed literature review on digital transformation, Metaverse and performance measure-ment topics. Thus, we have developed a theoretical framework useful to facilitate the implementation of successful strategies in the Metaverse and subsequent mon-itoring and evaluation of achieved results. The paper provides relevant contributions in theory and practice. From a theoreti-cal perspective, the results contribute to the strategic management and perfor-mance management literature streams, extending them to the dimension of the "digital world". From a practical perspective, the results identify new performance measurement and new indicators useful for companies and practitioners to under-stand the link between Metaverse and value creation paths. Future studies should integrate the theoretical analysis with explorative empirical investigations.

서울시 청년수당 도입에 관한 연구

The purpose of this study is to focus on the manager’s role in adopting the youth allowance in Seoul Metropolitan Government. In the process of adoption, there had been conflicts between central government and Seoul. This study tries to evaluate political management based on Mark Moore(1995)’s framework that emphasize the importance of strategic management perspective. While current studies mainly focus on the legal･institutional and social welfare aspects, this study focus on the role of public manager. According to analysis, ‘Entrepreneurial Advocacy’, Managing Policy Development’, and ‘Negotiation’ have important role in adopting youth allowance in Seoul.

Do employees and firms benefit from autonomous work practice? Curvilinear effects on collective turnover and productivity of firms

The present study focuses on the opportunity dimension of the ability–motivation–opportunity framework and explores the implications of autonomous work practice (AWP) for the collective turnover and productivity of firms. Given the trade-offs between the costs and benefits of AWP and its potential double-edged sword effects, we adopt the interdisciplinary perspective on job design (i.e. mechanistic and motivational models) as basis to theorize the curvilinear effects of AWP. We further hypothesize the interaction between AWP and work flexibility, consistent with the internal fit perspective of strategic human resource management. The current framework is validated by analyzing multisource, time-lagged data collected from 1,240 firms over a two-year period. The analysis confirms the hypothesized curvilinear effects of AWP, in which collective turnover is low only when the level of AWP is moderate. The detriment of a high level of AWP on increasing collective turnover is amplified for firms with low work flexibility. By contrast, firm productivity is high when the AWP level is either low or high, and the benefit of a high level of AWP on increasing productivity is pronounced for firms with high work flexibility.

ОСОБЕННОСТИ ВНЕДРЕНИЯ СТРАТЕГИЙ УПРАВЛЕНИЯ ИЗМЕНЕНИЯМИ В ИНИЦИАТИВАХ ПО ЦИФРОВОЙ ТРАНСФОРМАЦИИ ПРЕДПРИЯТИЙ С ПОЗИЦИЙ СТРАТЕГИЧЕСКОГО УПРАВЛЕНИЯ

This article examines approaches to change management for digital transformation, highlighting its importance from a strategic management perspective. The benefits it offers to business development and the barriers organizations may face when developing and implementing change management strategies for digital transformation initiatives are assessed.

Integrating creating shared value into competitive strategies: case studies of Chinese international construction companies

The concept of corporate social responsibility (CSR) has been considered as the key to tackle the dilemmas between business and society in the international construction market. However, CSR is too often placed at the peripheral rather than at the core of business. CSR has been evolved to the concept of creating shared value (CSV) with the consideration of its role to the companies’ value chain. This research aims to investigate how to integrate CSV into competitive strategies and develop CSV strategies for construction companies when operating in the international market. Chinese international construction companies are selected as the cases for this study. By using case studies with the assist of archival study, four general types of CSV strategies with regards to CSV issues are found: (1) products, (2) safety, health, and sustainable workforce, (3) local development, and (4) environmental protection. Construction companies are suggested to smartly select social and environmental issues and carefully exercise their CSV strategies to create shared value in the international market. The research gives views to international construction companies to develop CSV strategies from a strategic management perspective. It also provides valuable references to those companies which are facing similar dilemmas in the construction industry.

Dropped Out of Grace: A Case of Kingfisher Airlines

Kingfisher Airlines Ltd. was started under the chairmanship of a flamboyant industrialist, one of the biggest Indian liquor tycoons who claimed himself as the ‘King of Good Times’. The company garnered multiple accolades and achieved a growing market share in the aviation sector, presenting an attractive and innovative image. By providing passengers with exceptional comfort and an enjoyable flight experience, customer satisfaction soared. Despite its relatively short existence, the company left a notable and impactful mark on the Indian aviation industry. Losses have been reported ever since it started operating in 2005. 1 For many years, it struggled with serious financial problems that ultimately forced the company to cease operations on 20 October 2012. Due to the reputation of its Chairman and Managing Director, several private and public sector banks in India extended loans to Kingfisher Airlines. Further, the airline struggled to incur maintenance, landing, and aviation costs. The employees and pilots staged strikes due to the non-payment of their owed salaries and dues. The collapse of Kingfisher Airlines is attributed to promoters’ inordinate overconfidence stemming from their past accomplishments, tunnel vision, and a weak business strategy. The current case examines the fall of Kingfisher Airlines from the strategic management and accounting manipulation perspective. It also outlines the causes contributing to the airline’s downfall.

Linking supply chain performance with organizational strategic performance – a review and research agenda

PurposeThis article aims to comprehensively review the measurement and management of supply chain performance (SCP) and strategic performance (SP). It strives to identify integrable features regarding frameworks, measurement approaches, practices and emerging research issues in these areas to integrate SCP and SP for measuring and managing performance. It intends to develop a dynamic-integrated-performance-system by incorporating integrable aspects of SCP and SP to link these domains for organizational performance improvement.Design/methodology/approachUsing systematic-literature-review, this study analyzes 154 articles published in selected peer-reviewed international journals from 2000 to 2023 regarding SCP and SP. It assesses existing knowledge regarding research-design followed, challenging areas and imperatives in these critical business domains to investigate the prior conceptual, empirical, case study-based and literature-review-based articles.FindingsThe study identifies integrable features regarding key theoretical and measurement frameworks, critical objectives, significant measures, effective practices for measuring and managing SCP and SP and emerging research issues common to these areas. The findings help develop a dynamic-integrated-performance-system that uses the theoretical lenses of resource-based-view/dynamic-capability-theory and adopts a comprehensive framework like DBSC (system-dynamic-model with BSC perspectives). It incorporates identified integrable measures and best practices to monitor, measure, manage and improve organizational performance for sustainable competitive advantage. The article reveals that earlier studies have overlooked analyzing SCP and SP integration aspects.Research limitations/implicationsFrom the theoretical viewpoint, the present SLR is unique in three ways: first, in investigating both the measurement and management of SCP and SP holistically; second, in identifying integrative features of these two; and third, in proposing a DIPS to link SCP and SP for performance improvement. The study reveals that existing literature has focused on measuring and managing SCP and SP in isolation without attempting a comprehensive and unified approach to integrate the respective domains. The present SLR adopts a holistic approach to link SCP and SP from SCM and strategic-management perspectives. The study proposes a dynamic-integrated-performance-system to measure, manage and improve performance in a unified method.Practical implicationsThis study provides SC and strategy practitioners with an understanding of strategy-performance pathways for achieving strategic objectives and executing risk mitigation initiatives to counter disruptions. It enables SC managers to comprehend SC practices and SCP leading to dynamic SC capabilities development. Operationalizing the proposed DIPS will help firms link SCP and SP, align operational SC practices with strategic sustainability and circularity objectives and meet sustainable development goals while benefiting social and environmental stakeholders.Originality/valueAssessing relationships and identifying a unified approach integrating SCP with SP have not been addressed earlier. This study's uniqueness is finding integrable features of SCP and SP and constructing a dynamic-integrated-performance-system to link these domains for achieving strategic competitiveness.

Research on the Management Innovation of Smes from The Perspective of Strategic Management

With the constant change of the current world situation and the rapid development of China's national economy, the competition of the market economy of enterprises is becoming more and more fierce, and the reform and innovation of enterprises is particularly critical for the development of enterprises. Enterprises need to timely and quickly adapt to the new social and economic situation, constantly for new development direction, change the traditional management mode, according to the actual situation of the enterprise own new innovation strategy, solve the problems existing in the enterprise economic management, in order to improve the effectiveness of enterprise economic management, so as to achieve the purpose of promoting enterprise development forward. In the new social situation, the innovation of enterprise management economy is the inevitable trend, therefore, we must start from the internal management and external development of the enterprise, and carry out the reform and innovation of enterprise economic management according to the development status of the enterprise itself.

The Influence of Organizational Absorptive Capacity on Business Intelligence Systems Output in Strategic Management Perspective

The last decade has witnessed accelerated growth in investment in business intelligence (BI) systems. We still lack, however, a clear view as to when a particular system should be preferred over the others. This paper examines the role of the BI use for enhancing an organizational absorptive capacity (ACAP) for knowledge creation and proposes a model to investigate its direct effects on further firm’s performance. We collected survey data from 150 experts and decision-makers at the organizational level from several industries. For data analysis, we followed the general coding, aggregation and synthesis process with the use of the qualitative data analysis software. The results from the Partial Least Squares — Structural Equation Modelling (PLS-SEM) demonstrated that the BI use relates significantly to ACAP enhancement, thus fostering knowledge creation. Moreover, information quality and system quality are positively linked with BI use at the organizational level. The results demonstrate that organizational ACAP is critical to establishing appropriate technology infrastructure and to assimilating BI systems for organizational efficiency. Accordingly, the core contribution of the research provided a more comprehensive framework that serves managers and strategic professionals to assist them in classifying their ACAP measures before attempting to purchase state of the art BI systems with a high amount of expenditures. Instead, they should pay attention to the nature of use considering it as a very important determinant of the BI use and reconcile the nature of the use with the intended organizational benefits. Second, the mediation role of the BI use supports the notion that managers should carefully opt for both high system quality and information quality of the installed BI systems. This raises trust in BI and prevents managers from reverting to intuitive decision-making and the underuse of BI.

Business Performance of MSMES in Traditional Market: an Analysis of Strategic Management Aspect

This study aims to analyze the performance of MSME businesses in the Bahulak Market, Karungan Plupuh, Sragen, from a strategic management perspective. This research uses quantitative methods. Primary data sources were obtained by distributing questionnaires to business actors and MSME owners in Karungan Village, Plupuh, Sragen. The population that was the target of this study were SMEs registered in Karungan Village with a total of 74 businesses. The sampling technique used is simple random sampling. Data analysis used the Structural Equation Modeling (SEM) approach. This study succeeded in concluding that the production strategy, HR strategy, and development research strategy have a positive effect on business performance. In addition, business actors in the Bahulak Plupuh Market in Sragen still need assistance from various related parties to further develop the business they are running. This research is important to be carried out to encourage the Pasar Bahulak Tourism Village, including that the products produced are absorbed by the market.

The Walt Disney Company and Florida’s “Don’t Say Gay” bill

Research methodology This secondary source case is based mainly on legislative documents (that tracked the initiation and progress of the Parental Rights in Education bill that later became an Act), corporate documents (published by The Walt Disney Company) and news articles from publications such as The New York Times and Bloomberg. All sources are cited in the case narrative and as end notes. Case overview/synopsis In April 2022, The Walt Disney Company and its CEO, Robert Chapek, were at the center of a controversy over the company’s opposition to the State of Florida’s Parental Rights in Education bill. The bill, dubbed “Don’t Say Gay” by its critics, prohibited instruction on sexual identity and gender orientation in the state’s elementary schools. The controversy stemmed from Disney’s initial non-reaction to the bill and its later strident opposition and call for its repeal. Chapek was pressured by negative media publicity and employee disgruntlement on the one hand and adverse economic consequences for opposing the bill by the state’s Governor, Ron DeSantis. Chapek and the Board had to respond to the political threats to Disney’s economic well-being while appeasing its employees and other stakeholders who wanted the company to be a corporate champion in diversity, equity and inclusion. Complexity academic level The case is best suited for advanced undergraduate or graduate leadership, strategic management and marketing courses. From a leadership and strategic management perspective, the case is well-suited for demonstrating the evolving expectations of leaders and corporate social responsibility, as well as the concepts of issue framing and nonmarket management. Instructors may also leverage the case in marketing courses (e.g. brand management), as CEO activism (i.e. messaging and practice) is one characteristic of brand activism (Animation Guild, 2022).

EVALUATION OF DIGITALIZATION WITHIN STRATEGIC MANAGEMENT PERSPECTIVE

Purpose- In the light of the information mentioned above, in the current study, it is aimed to evaluate digitalization, which is an important element for businesses, from a strategic management perspective. Methodology- The research carried out has a qualitative characteristic. A qualitative study was carried out in the light of the information given and document review. In the study, reviews were presented using the document review method. Literature, reports and archives related to the concepts of digitalization and strategic management were searched. A profile has been created on the impact of digitalization on strategic management decisions. Findings- There is an increase in the productivity of the enterprise due to the transformation in the business processes to be realized in the light of the relevant developments. It is more possible for businesses where digitalization is intensely felt to gain competitive advantage, to access new markets and to stand out. Conclusion- In the light of these developments, it is aimed to increase the flexibility of enterprises and awareness of digital transformation by revealing the importance, scope and qualifications of digitalization in terms of strategic management. Keywords: Strategic management, digitalization, organizational management, digital business strategy JEL Codes: M10, M11, O30

Retailers’ foreign market exits over time: A strategic management perspective

Foreign divestment research has focused on identifying divestment drivers but has only rarely investigated the long-term divestment behavior of companies. This study uses longitudinal case studies to explore the foreign market exit behavior of all seven of the ten largest store-based retailers in the world that had exited any foreign market between 2005 and 2020. It considers the three main theoretical perspectives in the field of strategic management, i.e., the industry-based, the resource-based, and the institution-based view. We find that retail market exits are often connected actions within certain epochs. The resource-based view seems the most appropriate strategic view to explain retailers’ long-term market exit behavior because their exits are often triggered by their idiosyncratic resources. However, we find some common patterns across the retailers’ market exit behavior that show the relevance of the industry-based and the institution-based view. Furthermore, the study detects the recently increasing phenomenon of partial exits which can be explained by the real options theory.

Analysis of financial statements based on the perspective of strategic management: A case study of Midea group in China

The main purpose of this paper is to address the existing gap in traditional analysis methods by integrating strategic management and environmental aspects, and to establish a theory of quality analysis of corporate financial conditions. This paper uses the method of combining enterprise strategy and financial statement analysis to analyse the quality of assets, profit and cash flow of enterprises, and then evaluates the allocation of strategic resources, the effect of strategy implementation and the ability of strategic support. This study demonstrates that the application of the theory of financial condition quality analysis can enhance the assessment of enterprises in terms of their market expansion ability, strategic layout ability, and internal governance ability, and this approach is aligned with the requirements of users. Based on the link between strategic management and financial statement analysis, this paper establishes a theoretical framework for financial position quality analysis. The theoretical framework of financial condition quality analysis established in this paper solves the limitations of traditional financial analysis methods and existing financial quality analysis theories, and opens up a new way for corporate financial analysis. Based on the analysis framework, this paper analyses the three aspects of Midea Group's cost management, diversified strategic layout and global breakthrough strategy, and puts forward suggestions for the future development of the enterprise.

Entrepreneurial Orientation to Corporate Responsibility Actions: A Strategic Management Perspective

Entrepreneurial Orientation to Corporate Responsibility Actions: A Strategic Management Perspective

Factors Influencing Reputation of a Malaysian Private University from a Strategic Communication Management Perspective

Reputation studies have gained attention tremendously as a significant area of research in corporate communication and business-related studies. Universities today have realized the importance of having a solid reputation to attract their stakeholders, mainly the students (customers) as they are the largest stakeholder for the survival of the university. This study aims to investigate the predicting factors of tangible and intangible resources and their impacts on the university reputation of a private university in Klang Valley from the student’s perspective. The study applied Resource-Based View Theory as an underpinning theory to explain these relationships. The study applied a quantitative survey design and generated 400 valid responses. The data were analyzed using descriptive statistics and multiple regression analysis. The findings revealed that tangible resources (university logo, university facilities) and intangible resources (university heritage, university image) are the predictors of the university's reputation, where university heritage appears to be a prominent predictor among the other determinants. The current study contributed to the corporate communication and marketing scholarship by clarifying the gaps between image and reputation as two different constructs. This has called upon the management and marketing department of the private university to pay attention to the determinants highlighted, especially the heritage of the university as it is a unique selling point for the institution to differentiate from its rivals. Conclusion, implications, and suggestions for future study were also discussed.

‘Build the golf course first’ – an organisational and strategic management perspective on UK defence reviews

ABSTRACT UK defence reviews have generated a flourishing academic debate for the past one-and-a-half decades. Still, the scholarship has hardly applied organisation and strategic management concepts regarding these reviews and therefore omits relevant insights to understand the outcomes arising from these important strategic documents. This article proposes the organisation and strategic management scholarship can contribute significantly to explaining the dynamics of strategy-making and implementation of the UK’s previous and forthcoming defence reviews. The avoidance of budgetary losses and maintenance of corporate autonomy by any formal organisation – including the UK Ministry of Defence – are particularly powerful concepts for explaining the dynamics of strategy-making and implementation. These concepts are critical for understanding how the UK defence budget is actually spent and how its defence reviews are developed and implemented.