Hasil untuk "Business"

C. Löbbecke, A. Picot

Lorenzo Massa, Christopher L. Tucci

C. Brush

P. P. McDougall, S. Shane, B. Oviatt

Marianne Bertrand, Paras Mehta, S. Mullainathan

In many countries, controlling shareholders are accused of tunneling, transferring resources from companies where they have few cash flow rights to ones where they have more cash flow rights. Quantifying the extent of such tunneling, however, has proven difficult because of its illicit nature. This paper develops a general empirical technique for quantifying tunneling. We use the responses of different firms to performance shocks to map out the flow of resources within a group of firms and to quantify the extent to which the marginal dollar is tunneled. We apply our technique to data on Indian business groups. The results suggest a significant amount of tunneling between firms in these groups.

H. Håkansson, D. Ford

Virginia L. Lewis, N. Churchill

J. Sterman

J. Braithwaite, P. Drahoš

S. Schaltegger, Florian Lüdeke‐Freund, E. Hansen

R. Beck, M. Avital, M. Rossi et al.

Tina Saebi, Lasse B. Lien, N. Foss

Business models change as managers not only innovate business models, but also engage in more mundane adaptation in response to external changes, such as changes in the level or composition of demand. However, little is known about what causes such business model adaptation. We employ threat-rigidity as well as prospect theory to examine business model adaptation in response to external threats and opportunities. Additionally, drawing on the behavioural theory of the firm, we argue that the past strategic orientation of a firm creates path dependencies that influence the propensity of the firm to adapt its business model. We test our hypotheses on a sample of 1196 Norwegian companies, and find that firms are more likely to adapt their business model under conditions of perceived threats than opportunities, and that strategic orientation geared towards market development is more conducive to business model adaptation than an orientation geared towards defending an existing market position.

Daniel Kiel, Christian Arnold, K. Voigt

Peter Gordon Roetzel

In the light of the information age, information overload research in new areas (e.g., social media, virtual collaboration) rises rapidly in many fields of research in business administration with a variety of methods and subjects. This review article analyzes the development of information overload literature in business administration and related interdisciplinary fields and provides a comprehensive and overarching overview using a bibliometric literature analysis combined with a snowball sampling approach. For the last decade, this article reveals research directions and bridges of literature in a wide range of fields of business administration (e.g., accounting, finance, health management, human resources, innovation management, international management, information systems, marketing, manufacturing, or organizational science). This review article identifies the major papers of various research streams to capture the pulse of the information overload-related research and suggest new questions that could be addressed in the future and identifies concrete open gaps for further research. Furthermore, this article presents a new framework for structuring information overload issues which extends our understanding of influence factors and effects of information overload in the decision-making process.

N. Bocken, N. Bocken, C.S.C. Schuit et al.

Experimentation is an important capability in the transition to a sustainable business. The aim of business experimentation is to learn and improve business model innovation activities with limited risks and resources through continuous and collective learning with stakeholders. Through action research we worked with eight case companies on a pathway to becoming a sustainable business. We focused on 'circular economy' as a driver for sustainability. The process and role of business model experimentation were analysed. A circular business experimentation framework was developed and applied. We found that 1) experimentation creates internal and external engagement to start business sustainability transitions 2) experiments can help test assumptions in every building block of the business model 3) collaboration with external partners can ease experimentation, and 4) experimentation processes are iterative and require regular learning and sustainability checks. Further research is necessary to analyse how sustainability targets can be integrated into the experimentation process.

Julia Nußholz

To aid companies in transitioning towards a circular economy and adopting strategies such as reuse, repair, and remanufacturing, the concept of circular business models has been developed. Although the concept draws on contributions from various academic disciplines, and despite its increasingly frequent use, few scholars clearly define what a circular business model is. Understanding about what makes a business model circular is diverse, hampering the theoretical development and practical application of circular business models. This study aims to help frame the field of circular business model research, by clarifying the fundamentals of the concept from the perspectives of resource efficiency and business model innovation. Expanding on these findings, a review of how the concept is used in recent academic literature is provided. It shows that a coherent view is lacking on which resource efficiency strategies classify a business model as circular. This study clarifies which resource efficiency strategies can be deemed as relevant key strategies for circular business models, and suggests a new definition of the concept. With the definition grounded in analysis of the fundamentals in terms of resource efficiency and business models, the study contributes to theoretical advancement and effective implementation of circular business models.

N. F. Fabeil, K. H. Pazim, J. Langgat

COVID-19 pandemic outbreaks have led many countries to impose travel restrictions and movement controls. In Malaysia, the small business sector is one of the most directly affected by the movement's control order. In fact, the impact is more significant among micro-enterprises than its larger counterparts. Entrepreneurs experience business cancellation or closure and reduced income due to the closure of several supporting sectors such as retails and transportation. There is still a lack of study on the impact of a pandemic outbreak on micro-enterprises in developing countries, especially in relating to business continuity and recovery strategy. It is crucial to explore how micro-entrepreneurs experience crisis and what decision they make for business survival. This study represents the perspectives of two micro-entrepreneurs in the rural area of Sabah, about their business continuity strategy during movement control order. The results of unstructured phone interviews provide insights on business survival approach and recovery plan of micro-enterprises during and after a crisis. This study will hopefully contribute towards the creation of effective support mechanisms through associated entrepreneurial development organizations for micro-entrepreneurs to thrive during and after a crisis.

I. Akpan, Didier Soopramanien, Dong-Heon Kwak

Abstract The adoption of cutting-edge technologies to steer business activities during community lockdown to contain the spread of the COVID-19 pandemic, even if involuntarily, provides evidence that technologies not only offer competitive advantages but also provides a means for survival, by improvising existing business models. In June 2019, we issued a call for papers to address the awareness, adoption, and implementation challenges of technologies that can drive businesses of all sizes in the fourth industrial revolution. We intended to identify as critical elements the “must-have” and a “nice to have” technologies for small businesses and innovation. Then the ongoing COVID-19 global health pandemic struck in December 2019, forcing the need for digitization of business activities and remote operations, which was considered a “nice to have” to immediately become a “critical to have” to survive in the ever increasingly uncertain business environment. This paper identifies the technologies, evaluates disruptive software platforms, and strategies needed for creating and managing small business innovation and highlighting the complexity of that process and the context within which this process takes place. We integrate this discussion alongside a summary of the articles included in the Special Issue. The current realities show that technologies that enable social business creation, customer relationship management systems, new communications channels, virtual reality technologies for remote operations, and the Internet of Things (IoT) are crucial to lowering the costs of doing business. Big data and predictive and visual analytics are critical enablers to aiding complex business decisions in the current challenging business climate.

Халіл Улла Мохаммад, Мухаммад Кашір, Нур-Уль-Хая Аднан

Economic policy uncertainty has been increasing globally, with consequences for financial sector stability. This paper investigates its influence on the risk-taking behavior of banks. The study examines the functional form of responses of banks to economic policy uncertainty and explores how regulatory quality and safety nets change bank behavior in periods of high uncertainty. We utilize data from 1999 to 2023 of 796 banks in 21 countries, employing a quadratic two-step system GMM estimation technique to evaluate the impact of economic policy uncertainty on banks' risk-taking. Using the U-test, we confirm the nonlinear relationship and identify its threshold point. Finally, we show the consistency of the estimates by controlling for multiple major crisis periods during the sample period. We find that economic policy uncertainty generally increases risk-taking among banks. However, beyond a certain point, further increases in economic policy uncertainty could lead to diminishing returns and heightened risk aversion, resulting in decreased risk-taking behavior. Stronger regulatory quality mitigates this effect; however, the reduction in risk-taking is less pronounced when economic policy uncertainty increases. Safetynets moderate the relationship by impacting bank risk-taking sensitivity. Additionally, we find cross-country heterogeneity in the size of economic policy uncertainty and risk-taking. Lastly, we find that the nonlinear effects are robust after controlling for major events like the global financial crisis, the eurozone crisis, COVID-19, and the Ukraine war. We provide evidence of nonlinearity in the nexus of economic policy uncertainty, regulatory frameworks, safety nets, and bank risk-taking behavior. The findings underscore the significance of robust regulatory quality and safety nets in moderating banks' risk-taking behavior during economic policy uncertainty.

J. Astrachan, Claudia Binz Astrachan, Giovanna Campopiano et al.