Includes index and tables
Describes the development and management of the relays business area (BA) in ABB's global matrix organization. Focuses on three levels of management--corporate, BA, and operating company. Highlights the roles and responsibilities of individuals at each level as ABB creates a unique, highly successful organization structure and management process that enables it to integrate its disparate worldw…
We develop and test an attention-based theory of search by top management teams and the influence on firm innovativeness. Using an in-depth field study of 61 publicly traded high-technology firms and their top executives, we find that the location selection and intensity of search independently and jointly influence new product introductions. We have three important findings. First, in contrast…
Organizational status is shaped by a firm's choice of exchange partners and the material outcomes of relationships with them. Prior research on status dynamics has shown that status is transferred between exchange partners. Seeking partners of similar or higher status minimizes status losses due to this transfer effect. However, the material outcomes of exchange relationships are often dependen…
This article extends signaling theory to research on acquisition premiums and investigates the value that newly public targets capture in post-IPO acquisitions. We complement previous research on acquisition premiums by suggesting that signals about targets can enhance sellers' gains by reducing acquirers' offer price discounting that is due to information asymmetries. Specifically, we argue th…
Developing and nurturing links with political actors and institutions constitutes an important component of a firm's overall nonmarket strategy. This paper focuses on corporate political ties, which are boundary-spanning personal and institutional linkages between firms and the constituent parts of public authorities. To help address the inconsistency of past research findings on the value of c…
Managers can craft effective integrated strategy by properly assessing regulatory uncertainty. Leveraging the existing political markets literature, we predict regulatory uncertainty from the novel interaction of demand- and supply-side rivalries across a range of political markets. We argue for two primary drivers of regulatory uncertainty: ideology-motivated interests opposed to the firm and …
According to Thomas Kuhn, most scientists conduct their research within the existing paradigm, rarely overthrowing it in a paradigm revolution. Similarly, we argue the merits of persisting with existing paradigms for organizational studies, through paradigm continuity, paradigm elaboration, and paradigm extension. In paradigm continuity, the existing paradigm is prosecuted fruitfully. We discus…
Although the knowledge-based view of strategy has significantly advanced understanding of the foundations of competitive advantage, less is known about how knowledge becomes a strategic resource. In this study, we develop an inductive, process model of the relationships among (1) top managers' beliefs about knowledge as a resource (termed executive knowledge schemes), (2) the ways that executiv…
Data on the expansion of 94 commercial banks in India from 1948 to 2003 were analyzed to test the proposition that political pluralism?wherein competing parties control the state and national governments of a nation?can promote business expansion. The results confirm that such political pluralism reduces the power of either government to constrain business decision making but that pluralism mig…
When planned change is canceled, managers may be tempted to reverse their organization's strategy. Our longitudinal case study documents an organization's canceled merger effort and a failed attempt to return to the organization's widely accepted premerger strategy. We trace the failure to contradictions in symbolic change management. The phenomenon of change reversal draws attention to the his…
Although prior research has highlighted that individuals differ in their ability to identify opportunities for entrepreneurial action, little attention has been paid to the effects that differences among opportunities may have on their initial identification. Integrating theoretical work on the nature of entrepreneurial opportunities with cognitive science research on the use of similarity comp…
Includes index and tables
Includes bibliographies, index and tables
Includes bibliographies, index and tables.