Journal ArticleDOI
Commitment versus Flexibility
Pankaj Ghemawat,Patricio del Sol +1 more
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TLDR
In this article, the relation between commitment and flexibility is unbundled by distinguishing between firm-specific and usage-specific resources, and the distinction between these two kinds of specificity helps explain why the tension between commitments and flexibility can easily be overdone: the two aren't always negative measures of each other.Abstract:
This article unbundles the relation between commitment and flexibility by distinguishing between firm-specific and usage-specific resources. This distinction turns out to be valuable because firm-specificity does not always imply (nor is it always implied by) usage-specificity. Firm-specific resources are more strategic than usagespecific resources. More broadly, the distinction between these two kinds of specificity helps explain why the tension between commitment and flexibility can easily be overdone: the two aren't always negative measures of each other.read more
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Developing a capacity for organizational resilience through strategic human resource management
TL;DR: In this article, the authors propose that an organization's capacity for resilience is developed through strategically managing human resources to create competencies among core employees, that when aggregated at the organizational level, make it possible for organizations to achieve the ability to respond in a resilient manner when they experience severe shocks.
Journal ArticleDOI
How dynamic can organizational capabilities be? Towards a dual-process model of capability dynamization
TL;DR: The last section of this paper aims to develop an alternative approach, which aims at preserving the original merits of organizational capability and solving the rigidity issue not by integrating a dynamic dimension into the capability construct but rather by establishing a separate function (‘capability monitoring’).
Journal ArticleDOI
Competing perspectives on the link between strategic information technology alignment and organizational agility: insights from a mediation model
TL;DR: This research extends and integrates the literature on strategic IT alignment and organizational agility at a time when both alignment and agility are recognized as critical and concurrent organizational goals.
Posted Content
Managing for Stakeholders, Stakeholder Utility Functions, and Competitive Advantage.
TL;DR: Competitive advantages stemming from a managing-for-stakeholders approach are argued to be sustainable because they are associated with path dependence and causal ambiguity and provide a strong rationale for including stakeholder theory in the discussion of firm competitiveness and performance.
Journal ArticleDOI
Entrepreneurial leadership: developing and measuring a cross-cultural construct
TL;DR: In the increasingly turbulent and competitive environment business firms face today, a type of “entrepreneurial” leader distinct from other behavioral forms of leadership is required as discussed by the authors.
References
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Book
Contestable Markets and the Theory of Industry Structure
TL;DR: In this article, the authors present a cost minimization model for a multi-product competitive industry in perfectly contestable markets, where the single product case is considered and the multiproduct case is assumed to be monopoly equilibrium.
Journal ArticleDOI
The Management of Manufacturing Flexibility
TL;DR: In this paper, the authors define flexibility as the ability to change or react with little penalty in time, effort, cost or performance, and survey the literature on manufacturing flexibility, and present a framework for its analysis, which provides a common language about the various categories of flexibility the company needs to manage; allows the company to rank them in order of importance or of the degree of management attention they will need; and enables managers to formulate clear implementation plans for maintaining, measuring and improving them.
Book
Commitment: The Dynamic of Strategy
Pankaj Ghemawat,CJ Roberts +1 more
TL;DR: In this paper, the authors examine the tendency of business strategies to persist over time and demonstrate with actual company examples how current decisions are constrained by past decisions and future decisions by current ones.
Journal ArticleDOI
Finance Theory and Financial Strategy
TL;DR: In this article, finance theory must be extended in order to reconcile financial and strategic analysis for strategic planning. But, despite its major advances, finance theory has had scant impact on strategic planning and should learn to apply finance theory correctly.