Developing a dominant logic of strategic innovation

Purpose: This paper aims to lay the foundations to develop a dominant logic and a common thematic framework of strategic innovation (SI) and to encourage consensus over the field’s core foundation of main themes. Design/methodology/approach: The paper explores the intersection between the constituent fields of strategic management and innovation management through a concept mapping process. The paper categorizes the main themes and search for common ground in order to develop the core thematic framework of SI. The paper looks at the sub-themes of SI in published research and develops a more detailed framework. The conceptual categories derived from the process are then placed in a logical sequence according to how they occur in practice or in the order of how the concepts develop from one other. Findings: The results yield seven main themes that form the main taxonomy of SI: types of SI, environmental analysis of SI, SI planning, enabling SI, collaborative networks, managing knowledge, and strategic outcomes. Research limitations/implications: The new thematic framework the paper is proposing for SI remains preliminary in nature and would need to be tried and tested by researchers and practitioners in order to gain acceptability. Academic rigor and methodological structure are not sufficient to determine whether our conceptual framework will become widely diffused in academia and industry. It would have to pass through an emergent, evolutionary process of selection, adoption and an inevitable degree of change and adaptation, just like any other innovation. Practical implications: The practical implications concern the production of instructive material and the application of strategic management initiatives in industry. The proposed themes and sub-themes can serve as a logical framework to develop and update publications, which have been instrumental in their own right to shape the field. The paper also provides a checklist of potential research projects in SI, which will improve and strengthen the field. The new framework provides a comprehensive checklist of strategic management initiatives that will help industry to initiate, plan and execute effective innovation strategies. Originality/value: The concept mapping of the themes of SI yields a new dominant logic, which will influence the evolution of the field and its relevance to both academia and industry

Post-entry internationalisation speed, managerial cognition, and firm performance : a dynamic capability perspective : a dissertation presented in partial fulfilment of the requirements for the degree of Doctor of Philosophy in International Business at Massey University, Albany, Auckland, New Zealand

Inspired by the deficiency in theoretical advancement in and fragmentation of empirical findings regarding the temporal dimension of firms’ internationalisation, this study examines the interaction effects of both mediation and moderation on the direct relationship between internationalisation speed and firm performance. Departing from prior studies that mainly focus on either the direct speed-performance linkage or the interactive role played by static resources at the firm level, the present study suggests that an important source of performance variations is the idiosyncratic dynamic capabilities both at firm level and individual managerial level. Based on the dynamic capability perspective, this study proposes that both absorptive capacity, which acts as a specific type of dynamic capability in relation to organisational learning, and managerial cognition, which functions as a micro-foundation of dynamic capability, play important roles in explaining the heterogeneity in the direct internationalisation speed-performance relationship. Moreover, the level and development of the firm’s absorptive capacity is the outcome of interactions among firm strategy in terms of internationalisation speed, managerial cognition, and their contingent factors including prior international experience and market dynamism. Using survey data collected from a sample of 343 SMEs operating in Australia and New Zealand, these assumptions are tested and confirmed through structural equation modelling. The findings suggest that absorptive capacity fully mediates the direct speed-performance relationship. Internationalisation speed, interacting with prior international experience, influences the trajectory of absorptive capacity development. In addition, managerial cognitive styles in terms of rational decision-making and heuristic decision-making are found to impose distinct influences on absorptive capacity development under the influence of market dynamism. This study makes a significant contribution to internationalisation theories. First, it reconciles the seeming inconsistency between traditional internationalisation models and international entrepreneurship literature in terms of several key learning-related factors. Moreover, it extends existing internationalisation models by taking time and managerial cognition into consideration

Entrepreneurial experience and the innovativeness of serial entrepreneurs

Purpose - This paper examines the effects of past entrepreneurial experience on the reported innovativeness of serial entrepreneurs’ subsequent ventures. Building on insights from the generative entrepreneurial learning process and from cognition theories, we propose that regardless of the type of entrepreneurial experience, positive or negative, such experience enriches the cognitive schemas of serial entrepreneurs leading them to greater reported innovativeness. Knowing this will expand our knowledge of entrepreneurial career development. Design/Methodology/approach - The proposed hypotheses are tested using Heckman regression models relating past entrepreneurial experience, current business ownership and reported innovativeness of current businesses on a unique sample drawn from a Catalan adult population survey. The data on the past entrepreneurial experience of the Catalan adult population were collected specifically for the purpose of this study. Findings - Results reveal that practical experience is an essential prerequisite for entrepreneurial learning, and even negative entrepreneurial experience may induce generative entrepreneurial learning suitable for subsequent outperforming ventures for the psychologically strong who have managed to learn from their experience. Implications - This paper offers insights on how the nature of the past entrepreneurial activity influences future venturing decisions. This study contributes to the academic debate on whether increased entrepreneurial experience and generative learning processes best explain serial entrepreneurial behaviors. Originality/Value - The paper further explores the influence of previous entrepreneurial experience on current entrepreneurial activity by analyzing the relationship between serial entrepreneurship and reported innovativeness.Preprin

Ambidexterity and getting trapped in the suppression of exploration : a simulation model

The benefits of strategically balancing exploitation and exploration are well documented in the literature. However, many firms tend to overemphasize exploitation efforts, even in the face of the strong need to step up their exploration activities. We draw on system dynamics modeling and a case study to address this gap in the literature, and develop a theoretical framework of ambidexterity as a capacitated delay process. This framework describes how the interplay between cognitive processes and motivational factors at the top management level severely limits the formation of ambidextrous capability. As such, this paper provides a micro-level theory of how individual and interactional processes at the managerial level inhibit the development of ambidextrous capability

Is the Trend your Friend? An Analysis of Technology 4.0 Investment Decisions in Agricultural SMEs

Smart Agriculture and 4.0 Technologies have brought several benefits to agricultural small and medium enterprises (SMEs). Nonetheless, the penetration of such digital technologies is still poor and slow. This study addresses the issue and provides some insights on the reasons related to the still limited adoption of 4.0 technologies within agricultural SMEs. Authors do not simply focus on the adoption per se, but rather devote attention to the SMEs owners/managers' subjective perception of the opportunity behind the technology adoption, and of the incentives or constraints given by the external environment as well as the organizational capabilities as embedded in the owners/managers\u2019 skills and organizational routines. Authors analyze data collected by surveying 96 Italian agricultural SMEs owners/managers, and empirically confirm the relevance of managerial capabilities, managerial cognition, and managerial perception of the external environment for the adoption of 4.0 technologies in agricultural SMEs. The results of this research support the conclusion that organizational capabilities related to the search for evidence-based knowledge by the SME\u2019s decision-maker are crucial for the technology\u2019s adoption. In addition, we show the statistical significance relevance of the managerial perception of technological usefulness and of the availability of a supporting business environment either in the form of professional services or institutional support, on the technology\u2019s adoption. The article ends by discussing the results and highlighting relevant managerial implications

Entrepreneurial orientation and international performance: the moderating effect of decision-making rationality

This research examines how entrepreneurial orientation (EO) influences international performance (IP) of the firm taking into account the moderating effect of decision-making rationality (DR) on the EO–IP association. Such an investigation is significant because it considers the interplay of strategic decision-making processes supported by the bounded rationality concept in the entrepreneurship field. Drawing from a study on activities of 216 firms in the United States and United Kingdom, the evidence suggests that DR positively moderates the EO–IP association. The findings suggest that managers can improve IP by combining EO with rational (analytical) processes in their strategic decisions

What we talk about when we talk about "global mindset": managerial cognition in multinational corporations

Recent developments in the global economy and in multinational corporations have placed significant emphasis on the cognitive orientations of managers, giving rise to a number of concepts such as “global mindset” that are presumed to be associated with the effective management of multinational corporations (MNCs). This paper reviews the literature on global mindset and clarifies some of the conceptual confusion surrounding the construct. We identify common themes across writers, suggesting that the majority of studies fall into one of three research perspectives: cultural, strategic, and multidimensional. We also identify two constructs from the social sciences that underlie the perspectives found in the literature: cosmopolitanism and cognitive complexity and use these two constructs to develop an integrative theoretical framework of global mindset. We then provide a critical assessment of the field of global mindset and suggest directions for future theoretical and empirical research