99 research outputs found

    Path dependence and the stabilization of strategic premises: how the funeral industry buries itself

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    Several studies have shown that path-dependent organizations may pathologically reproduce their paths even in times of crisis. The unchallenged retention of underlying strategic premises seems to play a key role in this selfdestructive process. Whereas the previous literature largely assumes that organizational crises provide sufficient impetus for updating strategic premises, recent empirical studies have highlighted that path-dependent organizations may find this highly difficult. In the present study, I explore how path-dependent organizations stabilize strategic premises even in times of crisis. Drawing on a case study of the funeral industry, I theoretically distill four mechanisms that stabilize strategic premises in path-dependent organizations despite the fierce pressures of organizational crises. While these mechanisms constitute either reflexive modes of processing feedback or generative modes of producing market outcomes, they all inhibit a disconfirmation and, thus, an update of strategic premises. Furthermore, the study presents indicative evidence of how this unchallenged retention of strategic premises leads to the pathological reproduction of the path

    Ambidextrie – der organisationale Drahtseilakt. Synergie zwischen Exploration und Exploitation als Voraussetzung für die digitale Transformation

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    Sich disruptiv verändernde Rahmenbedingungen können dazu führen, dass bisher erfolgreiche Geschäftsmodelle innert weniger Jahren obsolet werden. Geschuldet ist dies einer mangelnden Anpassungsfähigkeit, deren Ursache unter anderem in der sogenannten Pfadabhängigkeit wurzeln kann. Die Pfadabhängigkeit bezeichnet eine Situation, in der die Auswirkungen von stark durch die Vergangenheit geprägten Entscheiden dazu führen, dass die Möglichkeit bzw. Notwendigkeit neuer Geschäftsmodelle nicht erkannt, verpasst oder deren Chancen falsch eingeschätzt werden. Das Ausbrechen aus der Pfadabhängigkeit ist für den Fortbestand von Unternehmen daher von zentraler Bedeutung. Das Konzept der organisationalen Ambidextrie widmet sich dieser Problemstellung. Ambidextrie beschreibt die Fähigkeit eines Unternehmens, einerseits das Kerngeschäft stetig weiterzuentwickeln, gleichzeitig aber auch neue Wege und Denkweisen zu etablieren und so sicherzustellen, dass Veränderungen im Umsystem rechtzeitig erkannt und die sich dadurch bietenden Chancen für die Zukunft genutzt werden. Eine Fähigkeit, die gerade im Zeitalter der Digitalisierung an Wichtigkeit gewinnt

    Kode Etik Dagang Menurut Islam

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    Strategic management of technology and innovation

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    Strategic Management of Technology and Innovation

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    Prigogine's Theory of the Dynamics of Far-from-Equilibrium Systems Informs the Role of Strategy Making in Organizational Evolution

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    This paper offers a perspective on how Ilya Prigogine's theoretical ideas rooted in the physical sciences can inform and inspire organization theory and strategic management scholars. To that end, the next section of this paper provides a brief synopsis of some of Prigogine and his collaborators seminal scientific insights in the dynamics of far-from-equilibrium systems in the physical sciences. This is followed by a brief summary of how their insights gleaned from studying the dynamics of far-from-equilibrium systems in the physical sciences may inform the study of social systems. The section following this provides examples of the general applicability of the theory of nonlinear dynamics of far-from-equilibrium systems in economics and organization theory. While Prigogine's theoretical insights have important implications for all levels of social systems, the main purpose of this paper is to examine how his insights inform the role of the strategy-making process in matching the internal and external ecological dynamics that together determine an individual organization's evolution and its longevity. Consequently, in the next to last section of the paper I draw on my own work about the role of strategy-making in organizational evolution to establish conceptual links with the fundamental insights generated by Prigogine and his collaborators. The conclusion section suggests the potential of Prigogine's work to unify the physical and social sciences and to motivate a new philosophy of science.
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