The sources of management innovation: when firms introduce new management practices

Management innovation is the introduction of management practices new to the firm and intended to enhance firm performance. Building on the organizational reference group literature, this article shows that management innovation is a consequence of a firm's internal context and of the external search for new knowledge. Furthermore the article demonstrates a trade-off between context and search, in that there is a negative effect on management innovation associated with their joint occurrence. Finally the article shows that management innovation is positively associated with firm performance in the form of subsequent productivity growth

The Knowledge Management Practices As Moderator In The Relationship Between Corporate Strategy And Firm Performance Among Public-Listed Organizations In Malaysia

Despite interest in managing knowledge, however, there has been very little research about incorporating the knowledge management practices in the corporate strategy agenda of the organization. Lack of empirical evidence creates a gap between theory and practices of knowledge management in the corporate strategy issues. In this study, the researchers integrate theories on the knowledge-based view and the resources-based view of the firm and strategy to develop a suitable framework and model for knowledge management research; develop a knowledge management construct and empirically tested the research model within the moderation perspective along with the Miles and Snow’s strategy typology. In particular, the influenced of the knowledge management practices as key moderating variable which have been neglected in Malaysian previous studies are examined. The theoretical model is empirically tested using data from 123 public-listed organizations in Malaysia. Data from the survey is analyzed using the higher order interaction effects of the Moderated Multiple Regressions analysis. Results indicate that corporate strategy and the knowledge management practices positively impact firm performance. The moderating effect of the knowledge management practices explains 13% of variance in firm performance increase and beyond the increased explained by the corporate strategy. An important management implication of this study is that it confirms that either the corporate strategy alone or knowledge-related activities alone do not adequately enhance business activities which in turn leads to contribute to the performance of the organizations. Instead, this study suggests that greater utilization of the knowledge management practices in crafting the corporate strategy both in the aspect of operational effectiveness (internally) and strategic positioning (externally) help organizations to pinpoint areas within the organizations where the knowledge management practices is creating value. It is the fit between the organization structure, process and the corporate goals for the knowledge management practices facilitates the success of a good structure, which in turn, leads to better firm performance and contribute the understanding of how the knowledge management practices can improve firm performance

Environmental practice and performance of Chinese exporter firms : how does environmental knowledge integration matter?

Knowledge has been upheld as the key resource to create sustainable advantage in the strategic management field. In quest for sustainable performance, theorists in the environmental management domain advocate taking the learning route. However, the extant studies examined only the direct effect of environmental practices on a firm\u27s competitiveness and performance and hence ignored the intervening learning processes. Framed within the Resource-based view (RBV) of the firm, the current inquiry investigated into resource inputs as determinants accounting for a firm\u27s environmental knowledge integration, and competitive outcomes deriving out of such integration. While the RBV shed notable insights on the main effect of resources/capabilities on competitiveness that aims to justify environmental practices and related expenses from an economic perspective, the Resource Dependence Theory (RDT) introduced the intriguing notion that organizational strategies pertaining to sustainability may be determined by power dependency rather than by profits. The current inquiry extended the RBV by examining the moderating context of top-green-buyer initiated communications on the linkage between environmental practices (resource) and environmental knowledge integration (capability). By examining how resource-based, dynamic capabilities, and relational views work together to address the key concerns of the firm\u27s customers as a major stakeholder and hence enhance its performance, and simultaneously studying direct, mediation and moderation effects among them, this study documents the combined effect of these factors in achieving international market performance. In short, this study makes a two-fold significant contribution to the strategic management literature by demonstrating the importance of firm-specific resources and relational capabilities in promoting firm performance

The moderating effect of environmental dynamism on green product innovation and performance

Environmental management has been researching extensively in the last two decades. Pressure from environmental regulations or policies plays an important role to boost environmental management practices. Nevertheless, the relationship between such pressure and the ultimate firm performance is not very obvious. Although green product innovation has been recognized as a predictor to improve environment performance, there is a lack of discussion in the literature to examine the mediating effect of green product innovation between the aforementioned pressure and firm performance. Additionally, most previous studies adopted a static view which ignores the implications on external dynamic factors in many empirical studies. In this connection, this study contributes to the field of knowledge by filling these two gaps. More specifically, this study: (i) examines the effect of green product innovation on the relationship between pressure of environmental regulations (or policies) and firm performance; and (ii) evaluates the moderating effect of environmental dynamism on the relationship between green production innovation and firm performance. A questionnaire survey is conducted in an emerging country, China, to verify the hypotheses.Institute of Textiles and Clothin

The moderating effects of board equity ownership on the relationship between enterprise risk management (ERM) practices and the performance of financial institutions in Nigeria

Corporate failure around the world has triggered scholars and professionals to re-examine the link between risk management practices and performance of organizations. The prime objective of this study is to examine the impact of enterprise risk management (ERM) framework implementation and ERM success factors include compliance (COP), risk management culture (RMC), risk management information (RMI), risk knowledge sharing (RKS), staff competence (SC), organisational innovativeness (OIN) and leadership factor (LF) on the performance of financial institutions in Nigeria. The study also aims to determine the moderating effect of board equity ownership (BEO) on the relationship between risk management framework (RMF) implementation, ERM success factors, and performance of financial institutions. Survey data on 163 randomly selected firms from five subsectors of financial institutions were collected. Partial Least Squares Structural Equation Modelling (PLS-SEM) was used to test hypotheses. The findings of the study reveal that RMF, COP, RMC, RMI, RKS, SC, and LF have positive and significant effects on the performance of financial institutions. Contrary to expectation, OIN negatively influences the firm performance. Furthermore, BEO moderates positively the relationship between RMF, COP, RMI, RKS, and firm performance. However, BEO does not have significant moderating effects on RC, SC, OIN, and LF. The results of this study offer valuable insight to financial institutions, regulators, and researchers to further understand the effects of ERM practices on firm performance. The study recommends that firms and regulatory agencies should promote sound risk culture with a view to increase risk awareness, establish a robust information management system for comprehensive risk analysis and reporting, devise internal risk knowledge sharing strategies to boost staff capabilities and entrench effective leadership role to handle complex firms’ operational activities

Does Knowledge Reuse Make a Creative Person More Creative?

Conference Theme: I.T. and Value CreationIn a business world that everything changes fast, continuous innovation become a key strategy for survival. Knowledge management, which deals with the effective transfer and reuse of knowledge and best practices within a firm, has been theorized as one of the facilitators of organizational innovation. Yet, no organizational innovation can be achieved without the creative performance of their individual employees. This paper examines the effect of the most common type of organizational knowledge management system, that is, an intranet-based knowledge repository, on the level of creative performance of an individual. A controlled experiment was conducted on more than a hundred individuals to investigate the quantitative and qualitative levels of creativity outcomes on an open-ended business task. Their levels of baseline creativity skills were also measured in order to inspect its interaction with knowledge reuse. The results suggest that knowledge reuse resulting from this repository type of knowledge management system actually inhibits the creative performance of individuals, especially on the qualitative dimension. Furthermore, this inhibiting effect is significantly stronger on an individual with higher baseline creativity skills, making a creative person performs less creatively than an otherwise unimaginative person.link_to_subscribed_fulltex

Moderating Effects of Knowledge Management Practices in the Relationship Between Corporate Strategies and Organizational Performance

Despite the increasing interest in managing knowledge, there has been limited research on knowledge management practices in the corporate strategy of organizations. Lack of empirical evidence has created a gap between the theory and practice of knowledge management in corporate strategy. In this study, the researcher integrated the knowledge-based and the resources-based theories of the firm to develop a suitable framework and model for knowledge management research. In addition, this study developed a knowledge management research model and empirically tested it within the moderation perspective of Miles and Snow's strategy typology. In particular, the influence of knowledge management practices as a key moderating variable, has been neglected in previous Malaysian studies. The theoretical model used in this study was tested using empirical data from 123 public-listed organizations in Malaysia. Data from the survey were analyzed using the higherorder interaction effects of the Moderated Multiple Regressions analysis. Results of the analysis indicated that corporate strategies and knowledge management practices have a positive impact on organizational performance. The findings revealed that prospector evaluations were significantly greater than those of defender evaluations, followed by analyzers and finally, reactors evaluations. Eighteen percent (18%) and 7% of increases in variance in the objective and subjective measures of the organization's performance, respectively, were due to the moderating effect of knowledge management practices. The results obtained were higher than the increase attributed to corporate strategies. In terms of the subjective measures of organizational performance, the results suggested that the relationship is stronger in the market-focused organizations followed by the dual focused and the operation focused organizations and finally the unfocused organizations. The results showed that market-focused practices were better moderators of organizational performance. The results also revealed that among the consumer products, the industrial products organizations and the services industries in the Main Board of Malaysia have very different goals for knowledge management practices. This is because the knowledge management practices' environment created an impact on the organizations' corporate goals. Factors such as management support and practices, the level of knowledge investments and the impact of knowledge management practices' benefited the organizations' strategic and functional needs. The level of perceived benefits of knowledge management practices is directly related to the corporate goals of the organizations. This is reflected in the results of this study which showed that the market focused groups contributed to the highest level of organizational performance in terms of the subjective measure, followed by the operation focused groups, the dual focused group and the unfocused group in the organizations

Direct and Indirect effect of Knowledge Management Practices on Firm Innovation via Knowledge Application

This study examines the relationship between knowledge management practices and firm innovation with the mediating effect of knowledge application. For the said purposes, data were collected from 140 firms that belong to the services sector. 600 questionnaires were distributed in the services sector by using the drop-off and pick up technique. The number of returned questionnaires was 545, but 45 questionnaires were rejected because they did not contain the required information. A simple random sampling technique is used for the data collection. The sampling technique followed the steps recommended for studies utilizing structural equational modeling (SEM). The data was entered into SPSS and AMOS for structural equation modeling. The empirical analysis shows that knowledge generation and knowledge diffusion have a significant positive effect on firm innovation while knowledge storage does not affect firm innovation. Moreover, knowledge application mediates the relationship between knowledge generation, knowledge storage, and firm innovation. While knowledge application does not play the mediation role between knowledge diffusion and innovation performance. Also, this study furnishes several future directions for academic scholars and participation. The limitations have also been discussed. Keywords:  Knowledge Management Practices; Knowledge Generation; Knowledge Application; Knowledge Storage; Knowledge Diffusion; Innovation Performance JEL Classifications: O31; O32 DOI: https://doi.org/10.32479/irmm.1019

Human Resource Management Practices and Performance of Firms Listed on the Nairobi Securities Exchange

Most research demonstrating the link between Human Resource Management Practices (HRMP) and firm performance has focused on the private sector, yet understanding this relationship in publicly listed firms, in the Developing World setting is equally important. The role of HRMP on firm performance of the Nairobi Securities Exchange (NSE) listedfirms has not been established using the selected variable, yet theory has demonstrates that HRMP can have an effect on firm performance. This study was motivated by the desire to fill this gap in knowledge. The objective of the study was to establish the relationship between HRMP and firm performance. The research design was cross sectional descriptivesurvey. Data was collected using a self-administered questionnaire, from a population of 60 NSE listed firms. The response rate was 60%. Simple linear regression was used to analyze the data. The results of the study show a statistically significant relationship between HRMP and performance of firms listed on the NSE. The findings of the study are consistent with the findings of other empirical studies which have established a significant link between HRMP and firm performance. It was recommended that firms have to ensure that the HRMP that they adopt assist them to attain and sustain a superior competitive advantage in their operations.Key words: Human Resource Management Practices (HRMP); firm performanc