Although firms increasingly rely on interfirm collaboration to explore new technological opportunities, few studies have examined the ways in which this collaboration form is governed. In this paper, we attempt to increase our understanding of governing explorative R&D alliances. First, we argue that explorative R&D alliances are likely to face substantial risks of opportunistic behavior and high coordination costs. second, applying insights from the alliance literature, we identify formal governance mechanisms as effective tools to mitigate the risk of opportunistic behavior as well as coordination costs. However, relying on insights from the new product development literature, we argue that such formal governance mechanisms may hamper exploring new technological opportunities....
... only have to exploit their existing technologies, but also need to explore new technologies for tom...
This paper applies Penrose's (1959) insights on the quantity of managerial services required for firm-level organic expansion to the analysis of entrepreneurial activities in MNEs. These insights are used to build a framework relevant to entrepreneurial activities in MNEs, and then apply this framework to assess the metanational model (Doz/Santos/Williamson 2001) in terms of the quantity of managerial services required to implement it. Penrose's (1959) insights on firm-level growth processes are still relevant to the analysis of entrepreneurial activities in MNEs. The quantity of managerial services required for the effective functioning of the metanational model appears to be particularly high, and the benefits of this model should therefore be carefully weighed against the potential c...
...2001, p. 1), and become "tomorrow's winners" (Doz et al. 2001, p. 1). In the followi... identify and access new and relevant technologies emerging in locations spread around the world. Sec...
The article assesses the power of institutional organization theory in explaining enterprise adaptation in post-socialism. Empirical analysis of the hotel sector in St. Petersburg, Russia, shows that industry-level isomorphic forces are not at work during economic transition. Combined with market imperfections, this results in intra-industry strategic diversity. The underlying logic however changes as the transition proceeds. During the transition, diversity is based on local versus foreign management and during the post-transition on the legitimacy of operations. The majority of hotels start operating according to shared norms and practices, whereas the lack of coercive pressures from the state still allows some hotels to operate in the shadow and ignore institutional norms.
... hand, they did not have the computer technologies needed to use such systems. HRM strategies: Money ... about it, your hair rises: today one, tomorrow another, the day after tomorrow a third." Conseque...
Peter F. Drucker, who was often called the world's most influential business scholar and whose thinking transformed corporate management in the latter half of the 20th century, died Nov 11 at his home in Claremont, California. Drucker was born in Vienna on Nov 19, 1909. He started his career in Economics by working for several German banks and export companies, and, at the same time, as economic journalist for Austrian and German newspapers and international banks in London. Drucker pioneered the idea of privatization and the corporation as a social institution. He coined the terms "knowledge workers" and "management by objectives". Although he was not always right with his visions, in the world of management gurus, there is no debate. An interview taken with Drucker in 1997 when he was...
...; of non-customers; of changing technologies. It demands clear and quantifiable goals. It deman... such as steel and automobiles into tomorrow's industries, and so on. Outside of Japan, during ...
In 1983, Kiggundu/Jorgensen/Hafsi published in ASQ a synthesis on issues related to the applicability of management theories to developing countries. They found that theory was applicable only where the organization could behave as a closed system. The authors argue that isomorphic trends and new theoretical developments support the hypothesis that their findings should not hold anymore. This article reviews 170 articles published in the 1983-2002 period to replicate their study and tests the hypothesis.
...Therefore we can say that: Similar technologies lead to managerial behaviour that is similar all o...So, tomorrow's lessons about how to deal with such instability ...
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