A Resource Based View of Privatization as Capabilities Development: Ownership and Networks

ABSTRACT

Privatization is a complex phenomenon that can be viewed as a transformational strategy and a frame-breaking event. We focus on the resource based view as the driver in trade sale privatization, and we extend the concept into collaborative networks, in which the acquiring firm, the other network participants and the firm being privatized all contribute resources that enable the combined entity to gain a competitive advantage. We offer six framing propositions and provide empirical evidence from a field study of Telmex, the privatized Mexican telecommunications firm.

RESUMEN. La Privatización es un fenómeno complejo que puede considerarse una estrategia de transformación, y un acontecimiento que rompe los marcos existentes. En este estudio enfocamos nuestro análisis en una perspectiva basada en que el recurso es un impulsor de la privatización a través de la venta de negocios, y ampliamos el concepto hasta incluir a las redes colaborativas mediante las cuales la empresa adquirente, la otra red participante y la empresa que está siendo privatizada contribuyen con recursos en unísono, que permiten que la entidad combinada adquiera una ventaja competitiva. Ofrecemos seis propuestas marco y pruebas empíricas de un estudio de campo de Telmex, la empresa mexicana de telecomunicaciones privatizada.

RESUMO. A privatização é um fenômeno complexo que pode ser visto como uma estratégica de transformação e um evento de quebra de parâmetros. Concentramo-nos na visão resource-based como força motriz da privatização, e estendemos o conceito para networks colaborativas, nas quais a empresa compradora, os outros participantes da rede e a firma que está sendo privatizada, todos contribuem com recursos que capacitam a entidade combinada resultante a ganhar uma vantagem competitiva. Oferecemos seis proposiç[otilde]es de modelo e apresentamos evidência empírica oriunda de uma pesquisa de campo sobre a Telmex, a empresa de telecomunicaç[otilde]es mexicana privatizada.     

新兴市场国家吸引跨国并购的决定因素——从市场化程度视角的解析

近年来,发展中国家外国直接投资的流入量持续增加,并且跨国并购成为越来越重要的外资主要进入模式。本文考察新兴市场发展潜力与吸引跨国并购规模的内在相关性。通过理论和实证分析证实,新兴市场的市场潜力越大,特别是其中经济自由度、市场强度、商业基础设施的发展水平越高,吸引跨国并购的能力也越强。本文的启示是新兴市场国家市场经济制度的完善及与发达国家的接轨是提高吸收外资竞争力的重要条件。     

Defying Distance? Cross‐Border Acquisitions by Emerging‐Economy Firms

We argue that emerging‐economy firms’ international location choices are driven by the pursuit of dynamic efficiency rather than the immediate minimization of transaction and learning costs, and hence the relationship between country distance and the number of cross‐border acquisitions will be less negative for these firms relative to advanced‐economy firms. We then test the hypothesis with respect to four measures of country distance—geographic, economic, cultural, and institutional—and find support for the hypothesis. Our study provides empirical support for claims in the literature about differences in the international expansion behavior of emerging‐economy firms with respect to location. In addition, our study makes a theoretical contribution by showing that the theoretical perspective of dynamic efficiency can explain the difference in the location choices for cross‐border acquisitions by emerging‐economy firms relative to those by advanced‐economy firms. © 2016 Wiley Periodicals, Inc..     

Knowledge Synthesis and Innovative Logistics Processes: Enhancing Operational Flexibility and Performance

Research results are presented providing an empirical examination of the impact of knowledge synthesis and innovative logistics processes on operational flexibility. The research is theoretically grounded in the resource‐based view of the firm, augmented with the knowledge‐based view. Knowledge synthesis and innovative logistics processes are proposed as key resources in the development of an important logistics capability: operational flexibility. A structural model analysis of survey data collected from logistics executives supports the proposed relationships and indicates that innovative logistics processes can lead to greater operational flexibility. Operational flexibility is also shown to lead to higher levels of logistics performance.     

跨国公司人力资源系统、企业文化与创新绩效关系的实证研究

本文通过实证研究确定跨国公司人力资源系统和企业文化对创新绩效的影响,以及企业文化在人力资源系统和创新绩效间存在的中介作用。在前人研究的基础上,构建了三者之间关系的基本模型,提出了三条基本假设。通过对长三角地区的150家跨国企业进行问卷调查,运用多元回归法分析了有效数据,发现注重培训、基于绩效的薪酬、发展团队三项人力资源实务和企业文化对创新绩效有影响,其中注重培训和公司文化对创新绩效的影响显著,而人力资源系统主要通过企业文化的中介作用来影响创新绩效。     

Marketing Capabilities and Firm Performance: A Hierarchical Model

The resource based theory of the firm (RBV) is briefly reviewed together with its recent application in the marketing literature. Significant contributions by Webster (1992) and Day (1994) are identified and an integration of the two presented as a hierarchical model of marketing capabilities. Three research propositions concerning the relationships between marketing capabilities and performance are developed and tested empirically in the transition economies of central and eastern Europe. In line with expectations from the theory of the RBV, higher order marketing capabilities are seen to be more important than operational capabilities in explaining superior competitive performance. The overall model is shown to be a helpful conceptualization of marketing capabilities and a number of issues for further research are identified.     

谦卑研究的前沿探析:基于资源观的企业竞争优势

基于谦卑的以往研究,首先梳理了\"谦卑\"概念的发展、内涵以及与相近概念的区分;然后基于资源观理论视角,指出谦卑是企业竞争优势的源泉,分析了谦卑作为战略性资源的特性;并进一步剖析了谦卑资源是如何通过组织学习、服务以及组织弹性发展的过程为企业创造价值;最后进行了总结和研究展望,以期为后续研究提供参考。     

基于优势基础观的企业持续竞争优势构建

动态环境下企业持续竞争优势（SCA）的构建,已成为当前企业关注的焦点,但现有理论呈现出相对静态和着眼点单一等缺陷。本文提出“优势基础观”,把企业看作包括潜在优势集和现实优势集的竞争优势集合,从而使企业竞争优势如何持续的问题,转化为竞争优势集合如何演化的问题。建立了企业竞争优势的“动态管理”模型,以持续创新、战略资源和核心能力为驱动,通过对主导优势和辅助优势进行选择、培育、更新和主动破坏等动态管理过程,获得企业在总体竞争优势上的发展持续。     

The growth and development of Clarke Chapman from 1864 to 1914

Clarke Chapman was the main supplier of leading-edge auxiliary equipment to the British shipbuilding industry before the First World War. Penrose's theory was used to examine the company's growth. The findings of this study show that the ownership structure and the governance of the family-owned firm shaped its growth path. Product expansion driven by financial slack was followed by the development of new capabilities as shipbuilding converted from sail to steam-power. The next phase was geographical and international expansion underpinned by human resource slack. Additional productive opportunities were created by recruiting specialist human resources and pursuing hybrid modes of growth.     

业务流程再造与现金流量管理

席卷全球的金融风暴给世界各国的经济发展带来了极大的冲击,世界经济一体化发展的进程使我们看到了国际经济发展的相互影响和制约性。面对这场金融风暴,我国企业更应该加强生产经营管理水平,提高应对风险的能力,本文从生产经营流程管理角度,提出围绕价值创造对企业流程进行再造,更好地加强现金流量管理。