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on Economics of Strategic Management |
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Issue of 2007‒09‒16
six papers chosen by Joao Jose de Matos Ferreira University of the Beira Interior |
| By: | Olivier BROSSARD (LEREPS-GRES); Jérôme VICENTE (LEREPS-GRES) |
| Abstract: | This paper deals with the firms’ motives for entering into knowledge partnerships. We start by showing that networking strategies are designed to access external knowledge whilst maintaining at the same time a sufficient level of knowledge appropriation and tradability. The ICT sector (and interplaying ones) is particularly concerned by this accessibility/appropriation trade-off. The questions of modularity, complementarity, compatibility and standardisation are critical in the formation of corporate strategic and technological partnerships. Considering that knowledge in this sector is complex and systemic, we construct a theoretical typology of knowledge partnerships by crossing the levels of cognitive and relational proximity with the knowledge phases of exploration, examination and exploitation. This typology is then tested on empirical data through the use of a classification algorithm. The dataset is based on a sample of strategic alliances in the European ICT sector extracted from SDC Platinum. We show that strategic alliances are clustered in relation to the knowledge phases (exploration, examination, exploitation), and that the alliance categories are characterised by levels of relational and cognitive distance which actually are in keeping with the theoretical predictions. |
| Keywords: | knowledge networks; knowledge phases; proximities; strategic alliances; ICT sector |
| JEL: | L22 L24 L63 O31 |
| Date: | 2007 |
| URL: | http://d.repec.org/n?u=RePEc:grs:wpegrs:2007-18&r=cse |
| By: | Ibrahim, M.K.M.; Ribbers, P.M.A.; Bettonvil, B.W.M. (Erasmus Research Institute of Management (ERIM), RSM Erasmus University) |
| Abstract: | This paper analyses how human knowledge resources affect capabilities and subsequently attainment of operational and strategic benefits. We test a conceptual model using data from two qualitative case studies and a quantitative field study. The findings indicate that human knowledge positively influences IOS capabilities related to cross-organizational business processes and transfer of knowledge. The data show that strategic benefits are the consequence of knowledge transfer, when the transfer supports business processes resulting in operational benefits. |
| Keywords: | Interorganizational systems;resource-based view;IOS capabilities;Strategic benefits;Human Knowledge; |
| Date: | 2007–07–16 |
| URL: | http://d.repec.org/n?u=RePEc:dgr:eureri:300011715&r=cse |
| By: | Echtelt, F.E.A. van; Wynstra, J.Y.F.; Weele, A.J. van (Erasmus Research Institute of Management (ERIM), RSM Erasmus University) |
| Abstract: | This paper examines how firms succeed to leverage supplier involvement in product development. The paper extends earlier work on managing supplier involvement by providing an integrated analysis of results, processes and conditions both at the level of individual development projects and the overall firm. Following a multiple-case study approach with theoretical sampling, the study is carried out by examining eight projects in which four manufacturers from different industries involve multiple suppliers. The findings suggest that successful supplier involvement is dependent on the coordinated design, execution and evaluation of strategic, long-term processes and operational, short-term management processes and the presence of enabling factors such as a cross-functional oriented organization. The required intensity of these processes and enablers depends on contingencies such as firm size and environmental uncertainty. In contrast with previous research, we find no indications that managing supplier involvement requires a different approach in highly innovative projects compared to less innovative projects. |
| Keywords: | new product development;innovation;R&D management;supplier relations;purchasing; |
| Date: | 2007–06–25 |
| URL: | http://d.repec.org/n?u=RePEc:dgr:eureri:300011710&r=cse |
| By: | Flavia Cortelezzi; Giovanni Villani |
| Abstract: | Aim of this paper is to analyse the equilibrium strategies of two firms investing in a new technology, when the probability of successful implementation is uncertain and market shares are asymmetric. In particular, we are able to consider three key feature of a new technology adoption. First, it is, at least partially, irreversible. Second, once realized, there is uncertainty about the probability of a successful implementation. Third, the profit flow generated by such an investment is subject to uncertainty according to the evolution of demand function. The first firm to enter the market sustaines the investment cost earlier, but can benefit of a higher market share with respect to the competitor. The follower has just to decide if and when realize the investment. He benefits from the resolution of uncertainty, but he suffers of a reduction in its market share. Using the method of option pricing theory, we address this issue at two levels. First, we model the investment decision of a non-cooperative firm (decentralised case) as a dynamic stochastic game. Then, we solve for the sequential monopolist as a benchmark case. We find the interaction of pre-emption and uncertainty can actually hasten, rather than delay, investment, contrary to the usual presumption. |
| Keywords: | Real Options; Stopping Timing Game, Asymmetric Demand. |
| JEL: | C73 G13 |
| Date: | 2007–07 |
| URL: | http://d.repec.org/n?u=RePEc:ufg:qdsems:14-2007&r=cse |
| By: | Koethenbuerger, Marko (CES, University of Munich,); Lockwood, Ben (Department of Economics, University of Warwick,) |
| Abstract: | This paper considers the relationship between tax competition and growth in an endogenous growth model where there are stochastic shocks to productivity, and capital taxes fund a public good which may be for final consumption or an infrastructure input. Absent stochastic shocks, decentralized tax setting (two or more jurisdictions) maximizes the rate of growth, as the constant returns to scale present with endogenous growth implies “extreme” tax competition. Stochastic shocks imply that households face a portfolio choice problem, which may dampen down tax competition and may raise taxes above the centralized level. Growth can be lower with decentralization. Our results also predict a negative relationship between output volatility and growth, consistent with the empirical evidence. |
| Keywords: | tax competition ; uncertainty ; stochastic growth |
| JEL: | H77 E62 F43 |
| Date: | 2007 |
| URL: | http://d.repec.org/n?u=RePEc:wrk:warwec:810&r=cse |
| By: | Jaime Alonso-Carrera; Xavier Raurich |
| Abstract: | This paper asserts that the endowments of production factors cause cross-country differences in GDP per capita by generating disparities in the sectoral composition. For that purpose, we characterize the dynamic equilibrium of a two-sector endogenous growth model with many consumption goods that are subject to minimum consumption requirements. In this model, economies with the same fundamentals but different endowments of capitals will end up growing at a common rate, although the long run level and sectoral composition of GDP will be different. Because the total factor productivity depends on sectoral structure, these differences in capital endowments will also generate sustained differences in the total factor productivities. Moreover, in our model the slope of the policy functions depends on the initial values of the capital stocks, which implies that the total factor productivities of economies with the same economic fundamentals may diverge along the transition. |
| JEL: | O30 O40 O41 |
| Date: | 2007–07 |
| URL: | http://d.repec.org/n?u=RePEc:acb:camaaa:2007-15&r=cse |