Strategic transformation as the essential last step in the process of business turnaround

Just over a decade ago, the work of strategic management scholars helped to broaden the perspectives of executives caught in the throes of declining organizational performance. In addition to the traditional turnaround options that stabilized financial performance, managers were shown approaches that they could deploy to reduce the chances of a recurrence of the turnaround situation. This article updates the progress that has since been made in understanding the turnaround process. Further, we look at an ambitious approach to redirecting the strategies of a reemerging company toward a more promising competitive position, as the essential last step in the process of business turnaround. Called strategic transformation, this approach to reformulating strategy cultivates company growth in strong or emerging markets.     

对企业跨国并购浪潮的分析思考

本文对波及全球的企业跨国并购浪潮的成因、特点进行了分析。跨国并购对我国经济发展有正、负两方面的影响 ,对此 ,我们要认真分析思考 ,为作出正确的抉择提供帮助。     

R&D intensity and acquisition and divestiture of corporate assets: Evidence from Japan

This article provides evidence from Japanese acquisitions and divestitures after the late 1990s on the effect of corporate R&D to stimulate inter-firm asset trade. Consistent with the notion that R&D increases a firm's opportunities for and ability to profit from synergy with external assets, regressions performed on a sample of publicly traded manufacturers reveal that R&D intensity and the breadth of patented technologies positively and significantly correlate with a firm's probabilities to acquire and sell off assets. The link of R&D and divestiture is qualitatively homogeneous across industries and time but the positive and significant R&D-acquisition link concentrates in industries where the interdependence of firms’ innovative activities is relatively high and time when firms likely had large pent-up demand for asset trade.     

Investigating Organizational Learning through Social Network Analysis: The Case of a Consultancy Firm in India

Three problems beset the literature on organizational learning—confusion about who learns (individuals, groups, or organization), absence of a robust theory, and tools for measurement. Social network analysis, it is argued, can be used to capture organizational learning at multiple levels, to capture relational data (expressed as linkages between actors), and can yield actionable insights for changes within the organization. Two subprocesses of organizational learning, information acquisition and distribution, were measured using social network analysis in a decade‐old consultancy firm in India. Results reveal who shares information with whom, who goes to whom for information, who is bypassed, who hoards, how groups interact, and how much information is shared at the organizational level. The study provides a deeper understanding of how “people” relationships affect learning at various levels. The theoretical and managerial implications of the approach taken to measure organizational learning using social network analysis are discussed. © 2016 Wiley Periodicals, Inc.     

创新链资源获取、互联网嵌入与技术创业

将创新链提供的资源解构为资产类和知识类两个类别,将互联网嵌入构念解析为联系度、匹配度和牺牲感3个维度,通过213家企业问卷,应用多元回归分析方法验证了理论假设。实证结果表明,资产类资源获取与技术创业呈倒U型关系,知识类资源获取与技术创业呈U型关系;联系度和匹配度与技术创业呈倒U型关系,牺牲感与技术创业呈U型关系;联系度在知识类资源获取与技术创业之间存在负向调节作用,匹配度在知识类资源获取与技术创业之间存在正向调节作用,牺牲感在知识类资源获取与技术创业之间不存在调节作用。     

Consideration of an expected future deal in assessing the value of a present deal: Forward-looking bargain shopping

Hunting for bargains has long been an important aspect of shopping behavior. One of the distinctive characteristics of bargain shopping is forward-looking price expectation, where one discount offer is evaluated in relation to another deeper discount anticipated in the future. Two experimental studies examined potentially competing effects of the two discounts over different timing points. Transaction value and purchase intention for the present discount may be affected not only by its discount depth but also by the awareness of the future discount. The negative effect of the future discount could substantially offset the positive perception toward the present deal. On the other hand, the future discount expectation does not appear to lower the perception of acquisition for the present discount. Effects of the future discount were investigated in terms of discount depth, product availability, and discount timing.     

Krashen的第二语言习得理论与外语教学

Krashen的第二语言习得理论由五个假说构成：习得-学习假说、监控假说、输入假说、情感过滤假说以及自然顺序假说。该理论启发我们在外语教学过程中应当注意创造自然语言交际环境,注重可理解输入,并努力营造宽松和谐的教学氛围,以降低学生的＂情感障碍＂,最终促进学生吸收＂可理解输入＂的最大化。     

A six-stage model of the buying process for ERP software

This paper presents a model of the Enterprise Resource Planning (ERP) software acquisition process that reflects the findings from the four cases examined in this study. This ERP acquisition process model includes six distinctive, yet interrelated, processes (planning, information search, selection, evaluation, choice, and negotiations). This paper depicts the principal processes and many of the constituent activities, issues, dynamics, and complexities that pertain to the acquisition of ERP software. The results from this study contribute to the identification of processes that are part of this type of acquisition. Further, this model also suggests complexities that are worthy of further investigation, in and of themselves, if for no other reason than that they could prove the limit of generalizability of the model.     

知识视角下虚拟组织持续创新能力形成机理

基于知识视角,剖析虚拟组织知识资源获取、知识集成、学习能力、信任与持续创新能力的关系机制,构建虚拟组织持续创新能力形成机理模型。在此基础上,选取251家创新企业样本进行实证研究。结果发现:知识资源获取分别对持续创新能力、知识集成有非常显著的正向作用;知识集成对持续创新能力影响显著,知识集成在显性知识资源获取与持续创新能力之间起部分中介作用,而在隐性知识资源获取与持续创新能力之间起完全中介作用;学习能力和信任显著调节知识资源获取对知识集成的正向作用,且显性知识资源获取与隐性知识资源获取随着企业间学习能力与信任度的提升,通过知识集成中介对持续创新能力的作用更显著。     

Firms’ innovation strategy under the shadow of analyst coverage

We study the effect of analyst coverage on firms’ innovation strategy and outcome. Using data of US firms from 1990 to 2012, we find evidence that an increase in financial analysts leads firms to cut research and development expenses, acquire more innovative firms, and invest in corporate venture capital. We attribute the first result to the effect of analyst pressure and the others to the informational role of analysts. We also find that financial analysts encourage firms to make more efficient investments related to innovation, which increases their future patents and citations and influences the novelty of their innovations.