The resource-based view within the conversation of strategic management

Includes bibliographical references

CO-CREATION: POSITIONING DIFFERENT EXPERIENCES IN THE MULTIDIMENSIONAL SPACE

The idea of co-creation has been applied by managers long before academic researchers started studying co-creation. de Koning, Crul & Wever, 2016 reviewed literature on over fifty models of co-creation and presented four meta-models by synthesizing the literature they reviewed. In our paper, our main focus is to position three different co-creation examples in the co-creation space presented by de Koning et al., 2016 in their meta-models. Our first step is to identify all independent dimensions in each meta-model and develop on multidimensional model of co-creation. Once we have developed the multidimensional model, then we could position the three cases in which we have some in-depth understanding of how co-creation is applied. The first case is the co-creation experience from SAP, the enterprise resource planning software provider and the co-creation efforts with its customers. The second is the experience from those using Adobe software and publishing their own creations. Adobe provides a space for these original creations and share these creations with other Adobe software users. The third case is an example of automobile producers working with their auxiliary suppliers and developing new components or parts which enhance the performance of the new automobile. Our attempt to position these co-creation cases is to understand whether any other additional dimension(s) is (are) required to describe the co-creation space and the spectrum of activities where co-creation takes place. From the experience we gain by applying the multidimensional model, we intend to make contributions in future based on in-depth studies to be conducted based on our learning from this exercise

An exploratory study of internationalization strategies of Malaysian and Taiwanese firms

There is as yet limited empirical research on the internationalization processes, strategies and operations of Asian MNEs from countries at different levels of development. Drawing on primary data from matched case studies of emergin Taiwanese and Malaysian MNEs in the textiile and electronics industries, this paper examines and analyses their internationalization characteristics and strategies within the IDP perspective. The findings indicate that the emerging Taiwanese and Malaysian MNEs, while exhibiting characteristics such as that described in extant theories also suggest some differences. The empirical findings, limitations and areas fro further research are discussed

Shareholder value and strategic action: A study of turnaround firms

This dissertation provides extensive empirical evidence--a large sample study over a long period--about the link between strategy and shareholder value. In contrast to the typical measure of shareholder value--stock price times the number of shares outstanding--this dissertation uses beta excess returns, which varies with stock price but controls for external factors. Strategy is measured using a set of strategic conduct variables from extant literature. Since strategy varies little over short periods, a particular class of strategic situations--turnarounds, in which strategic change is clearly evident--is the focus of this dissertation.A model of growth, decline and turnaround is developed and tested using firms that declined for at least three years and turned around successfully between 1975 and 1990. Two control samples are used to test hypotheses on the cause of decline and hypotheses on the causes of turnaround. The findings supported previous research--decline was associated with unanticipated changes and turnaround was associated with strategic actions taken during the decline phase. Regarding hypotheses on the impact of strategy on shareholder value, only during decline was the link clearly observable. The last part of this dissertation tests hypotheses on differences in relative cash flow components across the turnaround, bankrupt, and non-declining firms and the impact of cash flow components on shareholder value across these different groups of firms during decline. Although the relative cash flow components of the turnaround firms differed from those of the non-declining firms and bankrupt firms, the impact of the relative cash flow components on shareholder value was not consistent.U of I OnlyETDs are only available to UIUC Users without author permissio

An exploratory study of internationalization strategies of Malaysian and Taiwanese firms

Purpose - There is limited empirical research on the internationalization processes, strategies and operations of Asian multinational enterprises (MNEs) from countries at different levels of development. This paper examines and analyzes the internationalization strategies and characteristics of Asian MNEs within the investment development path (IDP) perspective. Design/methodology/approach - Primary data are drawn from matched case studies of emerging MNEs from Taiwan (a newly industrializing country) and Malaysia (a fast developing country) in the textile and electronics industries. Findings - The internationalization strategies of our Taiwanese and Malaysian case firms were founded on cost-based competencies and other location-based advantages, brought together by an extensive web of ethnic networks. Differences between our Taiwanese and Malaysian case firms were found and discussed. In general, the Taiwanese firms were more internationalized (at stage 3 of IDP) than the Malaysian firms (stage 2). They had more developed and elaborate production networks and greater own design manufacturing/own brand manufacturing participation than the Malaysian firms. Research limitations/implications - The research did not capture the operational strategies at the level of the subsidiary or JV. The findings were exploratory and formed the basis for research propositions presented. As indicated there existed a wide empirical research gap on Asian as well as Taiwanese and Malaysian MNEs. These need to be filled to provide further evidence and answers to the issues raised in the paper. Other potential areas of research could include longitudinal studies of Asian MNEs to examine whether they will resemble Western MNEs as they evolve, the impact of ethnic networks on the performance of Asian MNEs of both Chinese and non-Chinese origins, and the role of the state in internationalization strategies. Originality/value Few studies have been done on emerging market multinationals and their internationalisation strategies

Corporate strategy and shareholder value during decline and turnaround

Purpose: The paper aims to assess the impact of corporate strategy on shareholder value in decline and turnaround situations. Design/methodology/approach: A sample of 45 turnaround firms was selected and matched against a control sample which did not face continuous decline over the time period studied. The impact of corporate strategy on shareholder value was tested using cumulative beta excess return measures to capture the long-term basis of corporate strategy. Findings: The paper finds that the beta excess return measures captured the hypothesized relationships between strategy and shareholder value for the sample firms studied. Practical implications: Beta excess return measures are superior to case studies or event studies for identifying the long-term effects of corporate strategy. Originality/value - Relatively few studies have compared the strategies of turnaround firms with a matched sample of non-declining firms. The use of cumulative beta excess returns to assess long-term valuation of corporate strategy is original