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Articles 691 - 720 of 734

Full-Text Articles in Strategic Management Policy

Stimulating Firm-Specific Investment Through Risk Management, Heli Wang, Jay B. Barney, Jeffrey J. Reuer Feb 2003

Stimulating Firm-Specific Investment Through Risk Management, Heli Wang, Jay B. Barney, Jeffrey J. Reuer

Research Collection Lee Kong Chian School Of Business

This article suggests a rationale for firm risk management that has been largely ignored in financial economics literature. It presents an argument for harnessing the influence of a company’s stakeholders who, whether as employees, suppliers or customers, make a valuable investment specific to the company. Such investments are crucial for a firm’s competitive advantage, yet because they are firm-specific and therefore cannot be transformed or transferred, stakeholders are often concerned about the risks involved in making them. A company’s efforts to manage risk can therefore persuade stakeholders to make even greater firm-specific investments, bringing benefits to shareholders and stakeholders alike.


Analyzing The Short Term Link Between Public Policy Support And Export Performance Improvement: The Importance Of The Mediating Effects Of Price Strategy, Luis Filipe Lages, David B. Montgomery Jan 2003

Analyzing The Short Term Link Between Public Policy Support And Export Performance Improvement: The Importance Of The Mediating Effects Of Price Strategy, Luis Filipe Lages, David B. Montgomery

Research Collection Lee Kong Chian School Of Business

No abstract provided.


Developmental Financial Institutions As Technology Policy Instruments: Implications For Innovation And Entrepreneurship In Emerging Economies, Gerard George, Ganesh N. Prabhu Jan 2003

Developmental Financial Institutions As Technology Policy Instruments: Implications For Innovation And Entrepreneurship In Emerging Economies, Gerard George, Ganesh N. Prabhu

Research Collection Lee Kong Chian School Of Business

Developmental financial institutions (DFIs) in emerging economies regularly assess new technology platforms to support their investments in new ventures, established firms, and technology institutions (TIs). Their financing decisions are guided by national priorities such as achieving technological self-reliance. By providing attractive financing options and related support, DFIs are well placed to consciously channel finance into designated priority technology areas. To better understand DFI roles, we conducted multiple interviews with participants affiliated with DFIs, firms and TIs in India. From data gathered from these interviews and secondary data on DFIs in emerging economies, we develop a preliminary framework to suggest that …


Incentive Compatibility In Multi-Unit Auctions, Sushil Bikhchandani, Shurojit Chatterji, Arunava Sen Jan 2003

Incentive Compatibility In Multi-Unit Auctions, Sushil Bikhchandani, Shurojit Chatterji, Arunava Sen

Research Collection School Of Economics

We characterize incentive compatibility in multi-unit auctions with multi-dimensional types. An allocation mechanism is incentive compatible if and only if it is nondecreasing in marginal utilities (NDMU). The notion of incentive compatibility we adopt is dominant strategy in private value models and ex post incentive compatibility in models with interdependent values. NDMU is the following requirement: if changing one buyer’s type, while keeping everyone else’s types the same, changes this buyer’s allocation then the new allocation must be relatively more attractive (or relatively less unattractive) to this buyer. We also establish a price characterization of incentive compatible mechanisms.


The Effects Of Business-University Alliances On Innovative Output And Financial Performance: A Study Of Publicly Traded Biotechnology Companies, Gerard George, Shaker A. Zahra, D. Robley Wood Oct 2002

The Effects Of Business-University Alliances On Innovative Output And Financial Performance: A Study Of Publicly Traded Biotechnology Companies, Gerard George, Shaker A. Zahra, D. Robley Wood

Research Collection Lee Kong Chian School Of Business

Companies in the biotechnology industry face major challenges in developing and commercializing new products. Focusing on publicly traded biotechnology firms that are not members of university incubators or research parks, this paper argues that the links these companies develop with universities can have beneficial effects on a company's operations. Analysis of 2457 alliances undertaken by 147 biotechnology firms shows that companies with university linkages have lower research and development (R&D) expenses while having higher levels of innovative output. However, the results do not support the proposition that companies with university linkages achieve higher financial performance than similar firms without such …


Culture And Its Consequences For Entrepreneurship, Gerard George, Shaker A Zahra Jul 2002

Culture And Its Consequences For Entrepreneurship, Gerard George, Shaker A Zahra

Research Collection Lee Kong Chian School Of Business

This special issue of the Journal "Entrepreneurship Theory and Practice" focuses on the relationship between culture and entrepreneurship. It adopts a broad definition of both culture and entrepreneurship. Culture is used to refer to the enduring set of values of a nation, a region, or an organization. Entrepreneurship is defined as the act and process by which societies, regions, organizations, or individuals identify and pursue business opportunities to create wealth. The articles in this special issue highlight opportunities for future research, both theoretical and empirical. These studies offer a preliminary roadmap for conducting influential and insightful research that can enrich …


Human Resource Development Programs For Overseas Assignments In The Asia-Pacific: A Study Of Managers In Singapore, A. Ahad M. Osman-Gani, Wee Liang Tan Jul 2002

Human Resource Development Programs For Overseas Assignments In The Asia-Pacific: A Study Of Managers In Singapore, A. Ahad M. Osman-Gani, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

Asia-Pacific region form a major arena of increasing interest for overseas business operations. In this regard, human resource development (HRD) issues are found to play significant roles in major international business decisions. Yet little is known about the international HRD programs and practices employed by companies to train and develop managers for this dynamic region. This paper presents the empirical findings of a study on the relative importance of training on several key factors that are crucial to companies for their managers to succeed in overseas assignments in the Asia Pacific region. The study is based on a sample of …


Absorptive Capacity: A Review, Reconceptualization, And Extension, Shaker A. Zahra, Gerard George Apr 2002

Absorptive Capacity: A Review, Reconceptualization, And Extension, Shaker A. Zahra, Gerard George

Research Collection Lee Kong Chian School Of Business

Researchers have used the absorptive capacity construct to explain various organizational phenomena. In this article we review the literature to identify key dimensions of absorptive capacity and offer a reconceptualization of this construct. Building upon the dynamic capabilities view of the firm, we distinguish between a firm's potential and realized capacity. We then advance a model outlining the conditions when the firm's potential and realized capacities can differentially influence the creation and sustenance of its competitive advantage.


Scaling Up Information Services For Development: A Framework Of Increasing Returns For Telecenters, Ted Tschang, Mathurot Chuladul, Thuy Thu Le Jan 2002

Scaling Up Information Services For Development: A Framework Of Increasing Returns For Telecenters, Ted Tschang, Mathurot Chuladul, Thuy Thu Le

Research Collection Lee Kong Chian School Of Business

Telecentres are an important type of information and communication technology (ICT) system particularly assisting rural and urban communities in developing countries, but the focus is often put on social development, sometimes on static economic returns, and rarely on dynamic economic aspects. This paper develops a basis for understanding the factors behind financial success in a dynamic setting based on the concept of increasing returns. This is applied to telecentres according to the stage of maturity of their information services. The framework is illustrated with literature- and interview-based cases, and will help an understanding of ways in which telecentres can scale-up …


Potential Of Demand Management As A Short-Term Means Of Relieving Airport Congestion, Terence Ping Ching Fan, Amedeo R. Odoni Dec 2001

Potential Of Demand Management As A Short-Term Means Of Relieving Airport Congestion, Terence Ping Ching Fan, Amedeo R. Odoni

Research Collection Lee Kong Chian School Of Business

Rapid air traffic growth combined with limited airport airside capacities have led to ever-increasing delays. When the demand for air travel and the general economy recover from the current crisis, it is conceivable that air traffic congestion may again come to the fore. Given the rather bleak prospects for significant near-term increases in airport runway system capacity, it is likely that demand for runway access may need to be carefully managed to keep flight delays under control. While various approaches to demand management have been suggested in the research literature, few studies to date have provided quantitative evidence on two …


Evolution Of Global Airline Strategic Alliance And Consolidation In The Twenty-First Century, Terence P. C. Fan, Laurence Vigeant-Langlois, Christine Geissler, Björn Bosler, Jan Wilmking Nov 2001

Evolution Of Global Airline Strategic Alliance And Consolidation In The Twenty-First Century, Terence P. C. Fan, Laurence Vigeant-Langlois, Christine Geissler, Björn Bosler, Jan Wilmking

Research Collection Lee Kong Chian School Of Business

Global airline strategic alliances have emerged since the late 1980s, and their number has slowly risen through the years. Will the number of such alliances continue to proliferate? Or will airlines consolidate with one another to form mega-carriers? In this paper, the likelihood of various airline consolidation and alliance development possibilities was examined based on a number of high-level trends and forces. The most probable near-term industry alliance and consolidation structure is described, accompanied with a probable path of evolution. These predictions have important implications for managers of strategic alliances, carriers who are currently in an alliance as well as …


The Effects Of Alliance Portfolio Characteristics And Absorptive Capacity On Performance: A Study Of Biotechnology Firms, Gerard George, Shaker A. Zahra, Kathleen K. Wheatley, Raihan Khan Sep 2001

The Effects Of Alliance Portfolio Characteristics And Absorptive Capacity On Performance: A Study Of Biotechnology Firms, Gerard George, Shaker A. Zahra, Kathleen K. Wheatley, Raihan Khan

Research Collection Lee Kong Chian School Of Business

In many high technology industries, strategic alliances have become important for improving a firm's financial performance by providing knowledge that can be used to develop the capabilities needed to introduce new products. Therefore, researchers have examined those characteristics of alliances that can contribute to the performance of high technology companies. There is agreement that the structure and knowledge flows within alliances can affect a firm's innovativeness. However, to date, researchers have studied alliances as individual events or transactions, failing to recognize their synergistic effects as a coherent portfolio. Viewing alliances as a portfolio of strategic agreements, we suggest that portfolio …


Coping With Growth Transitions: The Case Of Chinese Family Businesses In Singapore, Wee-Liang Tan, Siew Tong Fock Jun 2001

Coping With Growth Transitions: The Case Of Chinese Family Businesses In Singapore, Wee-Liang Tan, Siew Tong Fock

Research Collection Lee Kong Chian School Of Business

Families control more than half of the corporations in East Asia. The contribution of family businesses to Asia's economic growth is predicated upon successfully growing their businesses. Many family businesses in East Asia, spanning countries such as Taiwan, Hong Kong, Indonesia, Singapore, and Malaysia, are Chinese owned and managed. Some claim that these businesses will never develop into full-fledged multinational enterprises because of their cultural heritage (Redding, 1990). However, some Chinese family businesses have successfully made the transition.This paper presents an in-depth study of five Chinese family businesses in Singapore that have successfully made the transition in growth and size …


Networking Strategy Of Boards: Correlates, Performance Effects, And Implications For Small And Medium-Sized Enterprises, Gerard George, D. Robley Wood, Raihan Khan Jan 2001

Networking Strategy Of Boards: Correlates, Performance Effects, And Implications For Small And Medium-Sized Enterprises, Gerard George, D. Robley Wood, Raihan Khan

Research Collection Lee Kong Chian School Of Business

Development of linkages with the external environment, e.g. interlocks, is a mechanism to access scarce resources. Creating and maintaining these linkages may be an organizational capability that creates a competitive advantage for small and medium-sized enterprises (SMEs). A partial model of networking strategy is proposed, which includes measures of board composition, interlocks, entrepreneurial orientation and environmental hostility. Analysis of 70 community bank Chief Executive Officer (CEO) responses (58% response rate) lends support to the proposition that firms with a networking strategy performed better (higher return on assets (ROA) and higher return on expenditure (ROE)) than those firms that did not …


Leadership In Computer-Mediated Communication: Implications And Research Directions, Gerard George, Randall G. Sleeth Dec 2000

Leadership In Computer-Mediated Communication: Implications And Research Directions, Gerard George, Randall G. Sleeth

Research Collection Lee Kong Chian School Of Business

Despite the importance of interpersonal influence processes in computer-mediated communication (CMC) environments, the emergence and functioning of leaders in CMC settings remains unstudied. An initial model and propositions address the possible extension of selected leadership models beyond face-to-face (FTF) communications and into the non-face-to-face CMC environment. We (1) model relevant variables for CMC leadership, (2) briefly review the implications of selected leadership models regarding these CMC variables, and (3) extend leadership models into the CMC sphere.


Developmental Financial Institutions As Catalysts Of Entrepreneurship In Emerging Economies, Gerard George, Ganesh N. Prabhu Jul 2000

Developmental Financial Institutions As Catalysts Of Entrepreneurship In Emerging Economies, Gerard George, Ganesh N. Prabhu

Research Collection Lee Kong Chian School Of Business

With ongoing privatization efforts in emerging economies, governments have supported developmental financial institutions (DFIs) to spur entrepreneurial activity. The authors use stakeholder theory to suggest that postprivatization stakeholders differ in their preference to seek DFI support. The authors then posit that national developmental priorities influence the DFI's willingness to be involved in the governance of the privatized firm, and they discuss implications of DFI involvement for value creation and entrepreneurship in emerging economies.


Privatization In Emerging Economies: An Agency Theory Perspective, Bavi Dharwadkar, Gerard George, Pamela Brandes Jul 2000

Privatization In Emerging Economies: An Agency Theory Perspective, Bavi Dharwadkar, Gerard George, Pamela Brandes

Research Collection Lee Kong Chian School Of Business

The ineffectiveness of several privatized firms within emerging economies underscores the importance of agency theory issues and their impact on the privatization-performance relationship. The authors argue that weak governance and limited protection of minority shareholders intensify traditional principal-agent problems (perquisite consumption and entrenchment) and create unique agency problems (expropriation). The authors suggest that postprivatization performance can be enhanced by using appropriate ownership, management, and corporate structures that mitigate agency problems in the context of weak governance, and they highlight avenues for research.


From Market Driven To Market Driving, Nirmalya Kumar, Lisa Scheer, Philip Kotler Apr 2000

From Market Driven To Market Driving, Nirmalya Kumar, Lisa Scheer, Philip Kotler

Research Collection Lee Kong Chian School Of Business

Firms are constantly exhorted to become more market driven. However, our study of 25 pioneering companies (e.g. Body Shop, IKEA, Tetra Pak) whose success has been based on radical business innovation indicates that such companies are better described as market driving. While market driven processes are excellent in generating incremental innovation, they rarely produce the type of radical innovation which underlies market driving companies. Market driving companies, who are generally new entrants into an industry, gain a more sustainable competitive advantage by delivering a leap in customer value through a unique business system. Market driving strategies entail high risk, but …


The Implications Of The Knowledge Economy For Venture Promotion Policies, Teck Meng Tan, Wee Liang Tan Jan 2000

The Implications Of The Knowledge Economy For Venture Promotion Policies, Teck Meng Tan, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

The advent of the knowledge economy brings with it needed new public policy initiatives on the part of governments desiring to ensure that enterprises in their economies are able to participate and excel in this new arena. The knowledge economy brings with it opportunities for new ventures as it embroils the global economy in a revolution where information technology is a pervasive and enabling force; where knowledge is the critical asset. This paper explores the implications this revolution for small and medium-sized enterprises and suggests policy initiatives that would assist in promoting ventures for this brave new world.


Organizing Culture: Leader Roles, Behaviors, And Reinforcement Mechanisms, Gerard George, Randall G. Sleeth, Mark A. Siders Dec 1999

Organizing Culture: Leader Roles, Behaviors, And Reinforcement Mechanisms, Gerard George, Randall G. Sleeth, Mark A. Siders

Research Collection Lee Kong Chian School Of Business

Organizational leaders provide the primary impetus in defining, forming and shaping corporate culture. Leadership literature emphasizes on the leader's role in "articulating a vision" and the leader's pivotal role in establishing culture by setting objectives and then removing hurdles by smoothing the path for attaining those objectives. The model of corporate culture transmission focuses on behaviors that corporate leaders employ to create, communicate and manage corporate culture. However, the model does not emphasize interpretation and identification with leader behaviors in ways that would cause members to embrace the leader's values and beliefs. Improved focus over two decades does not yet …


Using Strategic Partnerships To Create A Sustainable Competitive Position For Hi-Tech Start-Up Firms, Arnoud De Meyer Oct 1999

Using Strategic Partnerships To Create A Sustainable Competitive Position For Hi-Tech Start-Up Firms, Arnoud De Meyer

Research Collection Lee Kong Chian School Of Business

In most cases these companies chose or were forced to engage in a technology partnership in order to develop and survive. As one would expect, some of these partnerships succeeded whilst others failed. With hindsight it occurred to the author that success or failure was not necessarily a random event, or idiosyncratic to one particular company, but that there seemed to be a pattern. Some partnerships failed because they were a strategic misfit, others probably because they were badly implemented. Based on these clinical case studies, The author addresses these questions: when and under what conditions a partnership is needed; …


Manufacturing Strategy And New Venture Performance: A Comparison Of Independent And Corporate Ventures In The Biotechnology Industry, Shaker A. Zahra, Gerard George Sep 1999

Manufacturing Strategy And New Venture Performance: A Comparison Of Independent And Corporate Ventures In The Biotechnology Industry, Shaker A. Zahra, Gerard George

Research Collection Lee Kong Chian School Of Business

Little empirical research has compared the manufacturing strategies of corporate and independent new ventures. This study explores these differences with data from the young, science-based biotechnology industry, and examines the performance effects of manufacturing strategy variables including scope, competitive thrust, and capabilities. The results show that the corporate and independent biotechnology new ventures pursue significantly different manufacturing strategies, and that different dimensions of manufacturing strategies affect the performance of corporate vs. independent ventures quite differently.


Selection Of Expatriates For Regional Business Operations In Asia: A Study Of Mne Managers In Singapore, A. Ahad M. Osman-Gani, Wee Liang Tan, Thian Ser Toh Aug 1999

Selection Of Expatriates For Regional Business Operations In Asia: A Study Of Mne Managers In Singapore, A. Ahad M. Osman-Gani, Wee Liang Tan, Thian Ser Toh

Research Collection Lee Kong Chian School Of Business

The recent interest for regionalization of business operations in Asia underscores the demand for expatriates. While much has been written on expatriation, very little was documented on expatriates assigned in Asian countries. In this respect, American, German, Japanese and Korean MNEs have been found to take active interests in regional expansion of business in Asia. Expatriation is a significant international management issue for them. The high costs of expatriation and the risks for expatriate failures also underscore this importance. As such, selecting the right candidate for expatriation success is a crucial issue for these MNEs. This paper presents the findings …


Theory And Research In Strategic Management: Swings Of A Pendulum, Robert E. Hoskisson, William P. Wan, Daphne W. Yiu, William A. Hitt Aug 1999

Theory And Research In Strategic Management: Swings Of A Pendulum, Robert E. Hoskisson, William P. Wan, Daphne W. Yiu, William A. Hitt

Research Collection Lee Kong Chian School Of Business

The development of the field of strategic management within the last two decades has been dramatic. While its roots have been in a more applied area, often referred to as business policy, the current field of strategic management is strongly theory based, with substantial empirical research, and is eclectic in nature. This review of the development of the field and its current position examines the field’s early development and the primary theoretical and methodological bases through its history. Early developments include Chandler’s (1962) Strategy and Structure and Ansoff’s (1965) Corporate Strategy. These early works took on a contingency perspective (fit …


Global Strategic Analysis: Framework And Approaches, Howard Thomas, Timothy Pollock, Philip Gorman Feb 1999

Global Strategic Analysis: Framework And Approaches, Howard Thomas, Timothy Pollock, Philip Gorman

Research Collection Lee Kong Chian School Of Business

Geographic, economic, cognitive, and social forces can influence the ways in which the inimitable resources of firms and their competitors are defined and evaluated in a globally competitive environment. We trace how academic research on strategy has attempted to address how firms identify their core competencies and competitive resource advantages at both the firm and national level. We then discuss the ways in which managers can attempt to identify a competitive reference group as a benchmark for evaluating their company's relative strengths and weaknesses. Finally, we develop an integrated conceptual framework that can be used to inform managerial strategic analysis …


Singapore Investments In China: Implications From Projects During Early 1980s & Early 1990s, Rajah Vellan Komaran Jan 1999

Singapore Investments In China: Implications From Projects During Early 1980s & Early 1990s, Rajah Vellan Komaran

Research Collection Lee Kong Chian School Of Business

It is well known that foreign investments by the industrialized world are driven by the private sector leveraging its technological, management and marketing skills, and that those by developing countries arise because of geographic proximity, social and economic homogeneity, and cultural familiarity. In the case of Singapore, a uniques characteristics is the direct participation by government-related corporations and their affiliates, and persuasion by statutory bodies such as the Economic Development Board and Trade Development Board for the corporate sector


East Vs. West: Strategic Marketing Management Meets The Asian Networks, George T. Haley, Chin Tiong Tan Jan 1999

East Vs. West: Strategic Marketing Management Meets The Asian Networks, George T. Haley, Chin Tiong Tan

Research Collection Lee Kong Chian School Of Business

Strategic management in Asia is different. Decision-making differs from that taught in Western, and even Asian, schools of business. In the last decade, the influence of Japanese management systems on Western management practice has become evident. Though the Japanese economy is the world's second largest, and Japan's population substantial, neither compares with the combined economies and combined populations of non-Japanese Asia. The influence of the most aggressive elements of the non-Japanese Asian business communities, the Overseas Chinese and Overseas Indian Networks cannot help to be felt on Western management practice. This article explains why this difference in decision-making styles exists, …


Asian Expatriate Development: A Comparative Study Of Japanese, Korean And Singaporean Expatriates, A. Ahad M. Osman-Gani, Wee Liang Tan Oct 1998

Asian Expatriate Development: A Comparative Study Of Japanese, Korean And Singaporean Expatriates, A. Ahad M. Osman-Gani, Wee Liang Tan

Research Collection Lee Kong Chian School Of Business

Owing to rapid internationalization of business activity, human resource development (HRD) has become increasingly important in recent years. This is especially true when domestic human resource management takes on international dimensions as it deals more with multicultural workforce. International HRD, much of it embodied in cross-cultural training, has been proposed by many scholars as a means of facilitating more effective interaction among managers, employees and customers from different national-cultural backgrounds. Despite the need for cross-cultural skills and the shortage of managers who possess these skills, most human resource decision-makers do nothing in terms of cross-cultural training for their employees. Studies …


A Framework For Reaching Agreement On Climate Change: Morals, Self-Interest, And Strategy, F. Ted Tschang, N. S. Murthy, K. S. Kavi Kumar Dec 1997

A Framework For Reaching Agreement On Climate Change: Morals, Self-Interest, And Strategy, F. Ted Tschang, N. S. Murthy, K. S. Kavi Kumar

Research Collection Lee Kong Chian School Of Business

This paper examines why negotiations following the Framework Convention on Climate Change (FCCC) have stalled and makes suggestions on how to circumvent the obstacles. In particular, the paper: - illustrates how current barriers to international agreement on climate change (CC) decompose into the separate components-self-interest, morality and strategy and discuss how the recent country positions are mixing them. - discusses some elements of a conceptual framework that will serve as a benchmark for assessing the feasibility of a proposal for a CC agreement. - discusses a few modest proposals that could potentially end the current stalemate, and also the potential …


Making Sense Of The Asian Success Story: An Integrative Framework, Chow Hou Wee, Gilbert Tan Mar 1997

Making Sense Of The Asian Success Story: An Integrative Framework, Chow Hou Wee, Gilbert Tan

Research Collection Lee Kong Chian School Of Business

The article focuses on Asian countries that have experienced economic growth over the past 50 years including Hong Kong, China; Japan; Singapore; South Korea and Taiwan. With the exception of Hong Kong, the economic success of the Asian countries has been attributed to the interventionist framework. Export-orientation is one strategy that is most associated with the success of the five Asian countries. The export-oriented strategy helped the five Asian countries in many ways. The ensuring growth of employment enabled the country to save and accumulate capital for reinvestment. The export-oriented strategy also positively affects the competitive advantages of the country. …