Showing papers in "Strategic Change in 2014"
TL;DR: Crowdfunding through the Internet, a new fundraising technique for small business ventures, can benefit fund-seeking companies by helping to overcome funding difficulties, providing value-added involvement, facilitating access to further funding, providing publicity and contacts, and enabling fundraising with only limited or no loss of control and ownership as mentioned in this paper.
Abstract: Crowdfunding through the Internet, a new fundraising technique for small business ventures, can benefit fund-seeking companies by helping to overcome funding difficulties, providing value-added involvement, facilitating access to further funding, providing publicity and contacts, and enabling fundraising with only limited or no loss of control and ownership.
126 citations
TL;DR: While managers use a variety of tools, they overwhelmingly continue to use those that are well established and focus on the management of internal and external resources, whereas tools aimed to foster more innovative, dynamic, and "blue ocean" strategies are not widely applied in practice.
Abstract: While managers use a variety of tools, they overwhelmingly continue to use those that are well established and focus on the management of internal and external resources, whereas tools aimed to foster more innovative, dynamic, and ‘blue ocean’ strategies are not widely applied in practice.
40 citations
TL;DR: In this article, the authors provide useful methodological insights into implementation of new service business models and the effect of servitization is industry specific and hence insights from a wide range of industries are included.
Abstract: Servitization is the move towards selling traditional product to selling a wide range of product-service bundle combinations. This movement contributes to firm sustainability and profitability and hence the competitiveness of nations.
Key points:
1. Servitization directly effects firm performance and territorial competitiveness. The special issue includes articles at both levels of analysis.
2. The effect of servitization is industry specific and hence insights from a wide range of industries are included here; among them engine production, construction, the music industry and cloud computing
3. The reduction of cost and the maximization of revenues are the main drivers of servitization. Contributions provide useful methodological insights into implementation of new service business models.
39 citations
TL;DR: In this paper, fund-seeking entrepreneurs who are interested in reaping value-added benefits from their crowdfunders can positively influence their funders through the use of relationship marketing and trust-building techniques.
Abstract: Fund-seeking entrepreneurs who are interested in reaping value-added benefits from their crowdfunders can positively influence their funders through the use of relationship marketing and trust-building techniques.
37 citations
Abstract: Crowdfunding could be the path to assist Nenasalas in the future, considering traditional financial institutions have largely ignored this grass-roots initiative.
28 citations
TL;DR: In this article, credit scoring is used in micro finance to increase the productivity of loan officers, thus leading to an increase in the number of borrowers, higher growth in number of loans, and expanding financial inclusion and developmental opportunities.
Abstract: Microfinance institutions that use credit scoring increase the productivity of their loan officers, thus leading to an increase in the number of borrowers, higher growth in the number of loans, and expanding financial inclusion and developmental opportunities.
27 citations
TL;DR: In this paper, an integrative framework is proposed to generate a more complete picture of strategic foresight as an organizing capability in high-velocity environments, and the authors propose a framework for the analysis of such a framework.
Abstract: Copyright © 2014 John Wiley & Sons, Ltd An integrative framework is proposed to generate a more complete picture of strategic foresight as an organizing capability in high-velocity environments.
26 citations
TL;DR: The emergence of cloud computing represents a new paradigm of servitization, where a physical product (software or hardware) is transformed into a service.
Abstract: The emergence of cloud computing represents a new paradigm of servitization, where a physical product (software or hardware) is transformed into a service.
24 citations
TL;DR: In this paper, the authors present a value framework which captures how manufacturing engineering firms are transforming from product to complex service provision where the service is delivered within the customer's dynamic environment and their ability to capture worth is determined by the success of their customer.
Abstract: This paper presents a value framework which captures how manufacturing engineering firms are transforming from product to complex service provision where the service is delivered within the customer’s dynamic environment and their ability to capture worth is determined by the success of their customer.
Key points:
1. A value framework presents the business models for service transformation which requires managers to consider and capture their value proposition, value realisation and worth capture processes
2. A characterisation of a particular form of service, named complex deployed responsive services [CDRS]
3. CDRS are delivered in partnership with customers, realised off-site and in the customer’s environment and must be responsive to their demands such that their success determines the success of the provider.
4. Application of the value framework to a number of business-to-business CDRS has demonstrated its utility in identification and understanding of opportunities for worth capture
5. The proposed framework helps firms consider how to avoid value slippage, which is the process where the value creator is unable to capture the worth from their effort.
22 citations
TL;DR: The complicated nature of organizing tenders requires creating new means and instruments which are designed to improve the choice efficiency and reduce the term of decision-making as discussed by the authors, which is a challenge in many organizations.
Abstract: The complicated nature of organizing tenders requires creating new means and instruments which are designed to improve the choice efficiency and reduce the term of decision making.
20 citations
TL;DR: In this paper, the authors used profits as a proxy for performance of the music industry and confirmed the link between the fall in industry revenues and firm profits, indicating that the large firms adapt better to technological and economic disruptions.
Abstract: The music industry, as other creative industries, has suffered dramatic decrease in performance due to the digital disruption.
While in the previous literature revenues are viewed as a proxy
for performance, this paper uses profits, confirming the link
between the fall in industry revenues and firm profits.
Profi ts have decreased more for local fi rms than multinationals,
indicating that the large firms adapt better to technological and
economic disruptions
TL;DR: In this paper, the authors show that interfirm networks improve performance outcomes and higher performance is contagious between cooperating firms, and they propose a method to improve the performance of these networks.
Abstract: Interfirm networks improve performance outcomes and higher performance is contagious between cooperating firms.
TL;DR: In this paper, the authors present an analysis of the meaning of the data and how erroneous conclusions may be drawn, which could adversely affect future decisions made by managers and policy makers.
Abstract: Copyright © 2014 John Wiley & Sons, Ltd Internet use provides an increasing amount of data that has potential value for managers and policy makers but, without a precise understanding of the meaning of data, erroneous conclusions may be drawn which could adversely affect future decisions made by managers.
TL;DR: The holistic approach of the technological, organizational, and environmental (TOE) framework, which is based on resource-based theory (RBT), puts forward a valid theoretical background on how different contextual factors contribute to improve e-business value.
Abstract: The holistic approach of the technological, organizational, and environmental (TOE) framework, which is based on resource-based theory (RBT), puts forward a valid theoretical background on how different contextual factors contribute to improve e-business value. TOE factors, except firm size, positively affect the ability of e-businesses to generate high value with regard to the strategic alignment between their competitive strategies and dynamic capabilities.
TL;DR: In this article, a review of information systems management literature attempts to unravel the mystery that has shrouded this topic over the past five decades, seeking to provide top managers with a roadmap before "Crossing the Rubicon" to support the introduction of Information Systems.
Abstract: In reviewing the influence of information systems on today’s organisations, it becomes evident that top managers play a critical role in their inevitable success or failure. Yet, despite these systems strategic relevance many studies reveal a dichotomous relationship between ‘management’ and ‘information systems’, a relationship kept polarised by organisational myths resulting in the emergence of differing community perspectives. Such division is borne out in the increasingly high rates of information systems failure within practice. As strategic stewards of the organisation, top managers are noted to play a vital role in supporting information systems. Support is said to be a multifaceted concept requiring both thought and action. This paper in reviewing the information systems management literature attempts to unravel the mystery that has shrouded this topic over the past five decades. The journey seeks to provide top managers with a roadmap before ‘Crossing the Rubicon’ to support the introduction of information systems.
TL;DR: Project-based firms are transforming their business models in order to add services to their offers, with the consequence that their business projects are beginning to be conceived as long processes in which servitization takes place as mentioned in this paper.
Abstract: Project-based firms are transforming their business models in order to add services to their offers, with the consequence that their business projects are beginning to be conceived as long processes in which servitization takes place.
TL;DR: The dispositions and invisible cognitive structures central to organizational foresight are more likely to emerge in young or transforming industries, which are less constrained by the need to achieve institutional legitimacy as mentioned in this paper.
Abstract: The dispositions and invisible cognitive structures central to organizational foresight are more likely to emerge in young or transforming industries, which are less constrained by the need to achieve institutional legitimacy.
TL;DR: In this paper, the authors used the propensity score matching (PSM) method to rigorously test whether the potential impact of micro credit on poverty reduction is more significant for female beneficiaries than for male in Mali.
Abstract: The objective of the paper is to rigorously test whether the potential effects of microcredit on poverty reduction are more significant for female beneficiaries than for male in Mali. The dataset we use comes from surveys conducted in 2007–2008 in Mali. It covers a large sample that compares 2400 microfinance client households, of which around 70% are microcredit beneficiaries. To do this, we perform the propensity score matching (PSM) method. Statistically, the study shows that older women have more chance of getting loans than younger women. In terms of amounts (borrowed and saved), men outweigh women. However, regarding loan amounts, women seem to use greater proportions of the loan and are more committed to using the money for income-generating purposes. At the same time, the level of savings relative to the loan amount is the same for the two genders. From an econometric perspective, this research confirms that microfinance in Mali has a positive impact on poverty alleviation in total, and higher for female than for male beneficiaries. The findings, therefore, present the importance of the length of the membership with the MFI for women. Based on these results, we can interpret this as meaning that women show efficiency in using loans for economic activity but rather in the longer term than in the short term compared to men. In light of these results, microcredit in the case of Mali seems to be effective in alleviating poverty for both men and women. In term of policy recommendations, MFIs should target men in rural areas, although this may lead to higher distribution costs in the short term, in the long term it may reduce risk and lead to higher profits. The government in partnership with donors should provide support to women entrepreneurs so that their initial learning curve is enhanced and enable them to benefit from microfinance loans, even in the short term.
TL;DR: In the Basque manufacturing firms embracing service-based competitiveness models, sub-optimal imbalances can be noted in the kind of knowledge-intensive services being deployed (strong accent on scientific/technological activities and weak on non-technological service activities).
Abstract: In the Basque manufacturing firms embracing service-based competitiveness models, sub-optimal imbalances can be noted in the kind of knowledge-intensive services being deployed (strong accent on scientific/technological activities and weak on non-technological service activities).
TL;DR: The identity they create and disseminate through their communication has to be paid attention to by financial institutions, be they cooperatives and operating through crowdfunding, this article, and they have to pay attention to the identities they create through their communications.
Abstract: Financial institutions, be they cooperatives and operating through crowdfunding, have to pay attention to the identity they create and disseminate through their communication.
TL;DR: In this paper, non-financial programs are used by micro-finance institutions to manage reputational risks and competitive pressures, and the authors propose a non-bankruptcy risk management strategy.
Abstract: Non-financial programs are being used by microfinance institutions to manage reputational risks and competitive pressures.
TL;DR: This video explains how online lending groups are trying to replicate the group pressures exerted by offline microcredit groups by using a network of peer-to-peer lenders.
Abstract: Online lending groups are trying to replicate the group pressures exerted by offline microcredit groups.
TL;DR: In this article, the authors propose that micro financial institutions afford funding to the financially constrained and to the serious entrepreneur (of age and highly educated) in the developing world, and propose a solution to this problem.
Abstract: Microfinancial institutions afford funding to the financially constrained and to the serious entrepreneur (of age and highly educated).
TL;DR: In this article, the authors propose a strategy to fit the strategy to the mode of finance to reduce the cost of capital and improve the financial performance of a bank. But, the strategy is not suitable for all banks.
Abstract: Firms may be able to lower their cost of capital and improve their financial performance by fitting their strategy to the mode of financing.
TL;DR: In this article, the utilization of market intermediaries to identify and recruit top talent is essential in winning the global talent race, and the authors highlight the importance of market intermediary to identifying and recruiting top talent.
Abstract: The utilization of market intermediaries to identify and recruit top talent is essential in winning the global talent race.
TL;DR: In this paper, the operational issues related to information technologies and staff training turn out to be particularly important for successful procurement practice in public emergency services, and the authors highlight the importance of these issues for successful public emergency service procurement.
Abstract: Certain operational issues related to information technologies and staff training turn out to be particularly important for successful procurement practice in public emergency services.
TL;DR: In this article, a supplier-customer relationship enables easier deployment of services through relational exchange and enables more frequent communcation and more open sharing of business-relevant information between business partners.
Abstract: ., 2012 ). Customer orienta-tion is determined by inter-fi rm cooperation ( Rindfl eisch and Moorman, 2003 ), which generates long-term relationships between business partners, particularly cooperative supplier–customer relationships that allow more frequent communi-cation and more open sharing of business-relevant information ( Eggert and Helm, 2003 ). Th is supplier–customer relationship enables easier deployment of services through relational exchange ( Zajac and Olsen, 1993 ). During the switch, companies face several challenges, including: strategy, organization and enterprise management, marketing, production, delivery, serviti-zation design, communication, and managing supplier–customer relationships during the product–service shift ( Barnett
TL;DR: Fundamental epistemological limitations of commonly employed cost models when dealing with the characteristics of systems, particularly service systems, which may hinder the ability to take appropriate action for cost reductions are revealed.
Abstract: A rigorous link between the domains of cost estimation, systems theory, and accident investigation reveals fundamental epistemological limitations of commonly employed cost models when dealing with the characteristics of servitization systems.
TL;DR: A significant positive relationship was found in Iran between private ownership and earnings, as private ownership increases the transparency of financial information as mentioned in this paper, and a positive relationship between ownership and profits was also found.
Abstract: A significant positive relationship is found in Iran between private ownership and earnings, as private ownership increases the transparency of financial information.
TL;DR: In this paper, the authors consider using organizational foresight and twelve success factors in their attempts to improve the impact of foresight project results and steer organizational change, and suggest that managers and policy makers should consider using foresight in their decision-making process.
Abstract: Managers and policy makers should consider using organizational foresight and twelve success factors in their attempts to improve the impact of foresight project results and steer organizational change.