16 research outputs found

    THE ROLE OF UNDERLYING MECHANISMS IN ACHIEVING CONSISTENT HYBRID COMBINATIONS OF COMPETITIVE ADVANTAGES

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    This thesis takes a step beyond the current discussion on hybrid competitive strategies (HS) by identifying the underlying mechanisms and common elements of successful hybrid strategies. Reviewing empirical and theoretical literature revealed a significant gap in this respect. Therefore, the activity-based view of strategy is introduced to the discussion on HS. In a first step, four consistent and sustainable HS concepts are developed providing the basis for deriving specific HS models. A second step identifies commonalities among these HS types and theoretically derives a synthesized, common HS model. Thirdly, the critical realist stance was selected for answering this thesis’ research questions addressing consistent HS concepts, implementations, common activities achieving external and internal fit, as well as common capabilities and resources supporting these activities. In a case study approach, semi-structured, open ended interviews combining appreciative and laddering methods are conducted with twelve interviewees from five firms. The separate analysis of ladder elements and ladders allowed distinguishing constitutional from relational elements. Based on this, fourth, an empirically revised research construct is substantiated. This research finds HS firms applying intended and consistent, but mixed strategy concepts based on generating high customer benefits through combining competitive weapons of differentiation and price or total customer cost. Moreover, HS concepts centre on three strategic building blocks: customer centricity, fulfilment of customer needs and employee orientation. Additionally, the research indicates that firms apply activities primarily for achieving fit. While all firms combine both views, no activities are directed to both fit types simultaneously. Activities deploy capabilities and resources in general on two adaptive and two absorptive mechanisms. Several practical implications derive from this thesis. First, firms can apply the synthesized model as a kind of ‘blueprint’ providing orientation for how to combine competitive advantages. Second, policy makers can apply the outcomes as principles steering firms or industries to ‘higher’ levels of performance. Last, firm managers can adapt their own as well as their firm’s behaviour accordingly

    An exploration of the drivers and indicators of emergence in the offshore wind power industry

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    The emergence of new industries is a rare but critical part of the development and growth of any economy. Successive governments have attempted to nurture the development of specific new industries with mixed success – some industries emerge only to disappear after a short time. There is a substantial body of literature which looks at specific aspects of the phenomenon of industry emergence from within the evolutionary economics and business management domains. This body of knowledge is focused on mass-manufacturing industry and constrained by a post-hoc nature of empirical studies to date. This is the first research to study an industry during its emergence and in doing so addresses a limitation of the existing research identified by authors in the field. The selected industry, Offshore Wind Power, is a complex product system industry thereby helping to extend the existing knowledge base from its previous mass-manufacture focus. This research seeks to address the applicability of mass manufacture focussed research to a complex product system industry, and to gain additional insights through observing emergence ‘as it happens’. The research is therefore exploratory in nature and is guided by the existing literature on drivers and indicators of emergence. The research shows that certain indicators of emergence (e.g. dominant design, accelerating sales growth) are not applicable in this industry and that some drivers and indicators are linked in causal loops – e.g. growth and legitimacy. This research uses a ‘systems lens’ to synthesise an understanding of how the various single factors previously researched interact. This systems approach leads to a proposed framework for industry interaction to promote both emergence and viability. This framework is tested against a recent counter case of a complex product system industry that has not reached emergence and the utility of the framework demonstrated.The emergence of new industries is a rare but critical part of the development and growth of any economy. Successive governments have attempted to nurture the development of specific new industries with mixed success – some industries emerge only to disappear after a short time. There is a substantial body of literature which looks at specific aspects of the phenomenon of industry emergence from within the evolutionary economics and business management domains. This body of knowledge is focused on mass-manufacturing industry and constrained by a post-hoc nature of empirical studies to date. This is the first research to study an industry during its emergence and in doing so addresses a limitation of the existing research identified by authors in the field. The selected industry, Offshore Wind Power, is a complex product system industry thereby helping to extend the existing knowledge base from its previous mass-manufacture focus. This research seeks to address the applicability of mass manufacture focussed research to a complex product system industry, and to gain additional insights through observing emergence ‘as it happens’. The research is therefore exploratory in nature and is guided by the existing literature on drivers and indicators of emergence. The research shows that certain indicators of emergence (e.g. dominant design, accelerating sales growth) are not applicable in this industry and that some drivers and indicators are linked in causal loops – e.g. growth and legitimacy. This research uses a ‘systems lens’ to synthesise an understanding of how the various single factors previously researched interact. This systems approach leads to a proposed framework for industry interaction to promote both emergence and viability. This framework is tested against a recent counter case of a complex product system industry that has not reached emergence and the utility of the framework demonstrated

    Real purchasing: deference and discourse at work

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    Available from British Library Document Supply Centre- DSC:DXN059694 / BLDSC - British Library Document Supply CentreSIGLEGBUnited Kingdo

    Shut Up and Take My Money: Engaging Facebook Communities to Build the Brand Narrative

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    Social media is revolutionizing the way firms manage their brands. A broad variety of platforms provide businesses an opportunity to engage in bidirectional dialogue with their customers, the effect of which is to enhance the brand/consumer relationship. This paper contends that virtual brand communities of the type that form through social media have an important role to play in the development of a brand’s personality. Using a case study approach we demonstrate how one firm has adopted Facebook to provide their brand community with a voice which contributes to the development of the brand narrative. We find that by using well-crafted content the firm elicits the support of their community and that this interaction contributes to the development of the brand ethos
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