Journal ArticleDOI
Organizational transformation in transition economies: resource-based and organizational learning perspectives
TLDR
In this article, the authors analyse strategies available to management in privatized, former state-owned enterprises in transition economies to restructure their organization, both internal forces promoting or inhibiting the restructuring process and external constraints arising in the transition context.Abstract:
The capitalist and socialist societies of the twentieth century assigned firms different roles within their economic systems. Enterprises transforming from socialist to market economies thus face fundamental organizational restructuring. Many former state-owned firms in the transition economies of Central and Eastern Europe have failed at this task. These firms have pursued primarily defensive downsizing, rather than strategic restructuring, as a result of both internal and external constraints on restructuring strategies.
Building on the organizational learning and resource-based theories, we analyse strategies available to management in privatized, former state-owned enterprises in transition economies to restructure their organization. Both internal forces promoting or inhibiting the restructuring process, and external constraints arising in the transition context are examined. A model and testable propositions are developed that explain post-privatization performance. Implications of our research point to the ways in which firms should manage and develop their resource base to transform to competitive enterprises.read more
Citations
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Journal ArticleDOI
Managing Firm Resources in Dynamic Environments to Create Value: Looking Inside the Black Box
TL;DR: In this paper, the authors address current criticisms of the RBV (overight of dynamism, environmental contingencies, and managers' role) by linking value creation in dynamic environmental contexts to the management of firm resources.
Posted Content
Strategy Research in Emerging Economies: Challenging the Conventional Wisdom
TL;DR: A review and introduction to the Special Issue on Strategy Research in Emerging Economies as mentioned in this paper considers the nature of theoretical contributions thus far on strategy in emerging economies and classify the research through four strategic options: (1) firms from developed economies entering emerging economies; (2) domestic firms competing within emerging economies, (3), firms from emerging economies entering other emerging economies.
Journal ArticleDOI
Institutions, resources, and entry strategies in emerging economies
TL;DR: In this article, the authors investigate the impact of market-supporting institutions on business strategies by analyzing the entry strategies of foreign investors entering emerging economies and show how resource-seeking strategies are pursued using different entry modes in different institutional contexts.
Journal ArticleDOI
Strategy Research in Emerging Economies: Challenging the Conventional Wisdom*
TL;DR: A review and introduction to the Special Issue on Strategy Research in Emerging Economies as mentioned in this paper considers the nature of theoretical contributions thus far on strategy in emerging economies and classify the research through four strategic options: (1) firms from developed economies entering emerging economies; (2) domestic firms competing within emerging economies, (3), firms from emerging economies entering other emerging economies.
Journal ArticleDOI
Corporate governance in emerging economies: A review of the principal-principal perspective: Review paper
TL;DR: This article reviewed and synthesized recent research from strategy, finance, and economics on principal-principal conflicts with an emphasis on their institutional antecedents and organizational consequences, and provided a foundation upon which future research can continue to build.
References
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Book ChapterDOI
Firm Resources and Sustained Competitive Advantage
TL;DR: In this article, the authors examined the link between firm resources and sustained competitive advantage and analyzed the potential of several firm resources for generating sustained competitive advantages, including value, rareness, imitability, and substitutability.
Journal ArticleDOI
Absorptive capacity: a new perspective on learning and innovation
TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
Journal ArticleDOI
Dynamic capabilities and strategic management
TL;DR: The dynamic capabilities framework as mentioned in this paper analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change, and suggests that private wealth creation in regimes of rapid technology change depends in large measure on honing intemal technological, organizational, and managerial processes inside the firm.
Book
Institutions, Institutional Change and Economic Performance
TL;DR: Douglass C. North as discussed by the authors developed an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time.
Posted Content
Institutions, Institutional Change, and Economic Performance
Douglass C. North,John Alt +1 more
TL;DR: In this article, the authors examine the role that institutions, defined as the humanly devised constraints that shape human interaction, play in economic performance and how those institutions change and how a model of dynamic institutions explains the differential performance of economies through time.