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Article
Publication date: 14 January 2019

The risk associated with strategic decisions: is it a marketing issue?

Davide Settembre-Blundo, Alfonso Pedro Fernández del Hoyo and Fernando Enrique García-Muiña

The purpose of this paper is to analyze the strategic management of risks in companies from a marketing management perspective and to provide some guidance for management practice.

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Abstract

Purpose

The purpose of this paper is to analyze the strategic management of risks in companies from a marketing management perspective and to provide some guidance for management practice.

Design/methodology/approach

This paper presents the authors’ viewpoint, and it conceptualizes a new approach to risk management.

Findings

The conceptual discussion has opened up a possible new way for enterprises, especially SMEs, to start taking a strategic approach to risk.

Originality/value

This paper would like to contribute to the current debate on the role of marketing function in managerial practice beyond the classic four Ps.

Details

Strategic Direction, vol. 35 no. 1
Type: Research Article
DOI: https://doi.org/10.1108/SD-07-2018-0150
ISSN: 0258-0543

Keywords

  • Marketing
  • Decision-making processes
  • Interpretative approach
  • Risks management

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Article
Publication date: 5 August 2019

The Gadamerian hermeneutics for a mesoeconomic analysis of Cultural Heritage

Davide Settembre Blundo, Anna Lucia Maramotti Politi, Alfonso Pedro Fernández del Hoyo and Fernando Enrique García Muiña

The purpose of this paper is to explore the application of a hermeneutic-based approach as innovative way to study the Cultural Heritage management in a mesoeconomic space.

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Abstract

Purpose

The purpose of this paper is to explore the application of a hermeneutic-based approach as innovative way to study the Cultural Heritage management in a mesoeconomic space.

Design/methodology/approach

The paper builds a theoretical framework based on the analysis of relevant literature in the field of cultural economics, heritage economics and conservation and restoration techniques. Then, after having defined the conceptual hypothesis, a hermeneutical interpretative model is designed for the analysis of the processes of Cultural Heritage management with particular regard to the strategies of stakeholder engagement.

Findings

The research shows how the mesoeconomic space is that border area where it is possible to solve more easily the conflicts that arise as a result of the different expectations of stakeholders. Hermeneutical analysis, applied in iterative form, allows us to find common connections, points of contact and convergences between the interpretative horizons of the various stakeholders.

Practical implications

The application of the interpretative model allows the identification of the expectations of stakeholders, improving the knowledge of the tangible and intangible attributes of works of art, in order to design appropriate interventions of restoration, conservation and valorization.

Social implications

The new model of analysis, based on hermeneutic methodology, is designed to understand and describe the social and economic relations between the different stakeholders involved in the management of Cultural Heritage.

Originality/value

This paper examines for the first time the Cultural Heritage sector within the mesoeconomic area between the micro and the macroeconomy. In addition to this mesoeconomic analysis and conceptual approach, the authors introduce as methodology the economic hermeneutics that represents an innovative tool in the field of economic and business disciplines.

Details

Journal of Cultural Heritage Management and Sustainable Development, vol. 9 no. 3
Type: Research Article
DOI: https://doi.org/10.1108/JCHMSD-09-2017-0060
ISSN: 2044-1266

Keywords

  • Cultural Heritage
  • Stakeholders
  • Complex socioeconomic systems
  • Interpretive hermeneutics
  • Mesoeconomics

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Article
Publication date: 1 April 2019

Sustainability as source of competitive advantages in mature sectors: The case of Ceramic District of Sassuolo (Italy)

Davide Settembre Blundo, Fernando Enrique García-Muiña, Martina Pini, Lucrezia Volpi, Cristina Siligardi and Anna Maria Ferrari

The purpose of this paper is to explore how sustainability can become a source of competitive advantage for mature manufacturing sectors where technologies are…

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Abstract

Purpose

The purpose of this paper is to explore how sustainability can become a source of competitive advantage for mature manufacturing sectors where technologies are standardized, and innovation is mainly generated across the value chain and not by individual companies.

Design/methodology/approach

From the methodological point of view, this research estimates the sustainability status of ceramic production in the Sassuolo district (Italy), using the Life Cycle Sustainability Assessment (LCSA) model, and changing the observation point for the analysis, from the enterprise (micro level) to the entire sector (meso level).

Findings

This paper provides an analysis of the environmental, economic and social impacts of the four main types of ceramic tiles manufactured in Italy, both in aggregate terms for the entire sector and per square meter of product.

Practical implications

The methodological approach used in this research is easy to replicate both for companies when designing their sustainability strategies and for public decision makers when assessing the sustainability performance of a sector or supply chain.

Social implications

For the first time, a socio-economic impact assessment is proposed for the ceramic sector, conducted in parallel with the environmental impact assessment through stakeholder mapping and prioritization.

Originality/value

This paper conceptualizes the theme of relations and interdependencies between ceramic producers organized in industrial districts and the territories in which they operate in order to determine empirically the sustainability performance of Italian ceramic sector, using the LCSA model with a territorial extension that presupposes an innovative contribution to current literature and practice.

Details

Smart and Sustainable Built Environment, vol. 8 no. 1
Type: Research Article
DOI: https://doi.org/10.1108/SASBE-07-2018-0038
ISSN: 2046-6099

Keywords

  • Sustainability
  • Competitive advantage
  • Industrial district
  • Circular business model (CBM)
  • Italian ceramic industry
  • Life Cycle Sustainability Assessment (LCSA)

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Article
Publication date: 15 May 2017

Sponsorship and patronage and beyond: PPP as an innovative practice in the management of cultural heritage

Davide Settembre Blundo, Fernando Enrique García Muiña, Alfonso Pedro Fernández del Hoyo, Maria Pia Riccardi and Anna Lucia Maramotti Politi

The purpose of this paper is to present alternative management practice methods for the cultural heritage sector apart from the traditional public support model. These…

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Abstract

Purpose

The purpose of this paper is to present alternative management practice methods for the cultural heritage sector apart from the traditional public support model. These alternatives rely on sponsorship and patronage as well as the newer and more innovative public-private partnership (PPP).

Design/methodology/approach

The paper is organized in two conceptual sections based on a literature review. The first section presents and compares two closely associated business strategy forms that are increasingly becoming popular within companies: sponsorship and patronage. These strategies are analyzed to show their advantages and disadvantages and are assessed based on their best uses in terms of the benefits from their implementation to all stakeholders involved (benefactors, recipients and the public) and, more particularly, to the benefactor’s company communication policy. The second section analyzes the PPP as a newer innovative practice in the cultural heritage sector, a recent development that has great potential, especially during an economic crisis where public funds are reduced, which risks the future recovery and proper maintenance of sites.

Findings

In the paper, the authors stressed that sponsorship, patronage and PPP are not merely alternative ways of primarily obtaining government funding for the cultural heritage sector but are also new strategic management practices that, when properly performed, will not only preserve and improve the sector but also allow more value to be distributed among all stakeholders.

Originality/value

Although the topic of PPP is treated fairly in the scientific literature, especially with regard to infrastructure, there are few cases of the application of this model to cultural heritage management.

Details

Journal of Cultural Heritage Management and Sustainable Development, vol. 7 no. 2
Type: Research Article
DOI: https://doi.org/10.1108/JCHMSD-08-2016-0045
ISSN: 2044-1266

Keywords

  • Cultural heritage
  • Sponsorship
  • Patronage
  • Corporate philanthropy
  • Public-private partnership (PPP)

Content available
Article
Publication date: 3 December 2018

Lifecycle-oriented design of ceramic tiles in sustainable supply chains (SSCs)

Davide Settembre Blundo, Fernando Enrique García Muiña, Martina Pini, Lucrezia Volpi, Cristina Siligardi and Anna Maria Ferrari

The purpose of this paper is to analyse the production cycle of glazed porcelain stoneware, from the extraction of raw materials to the packaging of the finished product…

Open Access
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Abstract

Purpose

The purpose of this paper is to analyse the production cycle of glazed porcelain stoneware, from the extraction of raw materials to the packaging of the finished product, with the aim of verifying the effects of integrating an environmental impact assessment into the decision-making process for managing the life cycle, to make it economically and ecologically sustainable, in a holistic approach along the supply-chain.

Design/methodology/approach

The research is performed using the life cycle assessment and life cycle costing methodologies, to identify environmental impacts and costs, that occur during extraction of raw materials, transportation, ceramic tiles production, material handling, distribution and end-of-life stages within a cradle to grave perspective.

Findings

Through the use of a comprehensive analysis of the environmental impact assessment and related externalities, three possible strategic options to improve the environmental performance and costs of ceramic tile production were formulated, leveraging sustainability as a competitive advantage.

Research limitations/implications

This exploratory research opens future lines of investigation, the first of which is to confirm the technological feasibility and market responsiveness to the three strategic solutions hypothesised thanks to the use of an innovative eco-design technique.

Originality/value

The research has allowed testing and validating the tools of environmental impact assessment (life cycle assessment) and economic impact assessment (life cycle costing as structured methodologies in a life cycle management framework, to help companies implement competitive strategies based on sustainability.

Details

Asia Pacific Journal of Innovation and Entrepreneurship, vol. 12 no. 3
Type: Research Article
DOI: https://doi.org/10.1108/APJIE-06-2018-0039
ISSN: 2398-7812

Keywords

  • Life cycle management
  • Impact assessment
  • Life cycle assessment
  • Life cycle costing
  • Sustainable supply chain
  • Italian ceramic industry

Content available
Article
Publication date: 13 August 2018

Hermeneutics as innovative method to design the brand identity of a nanotechnology company

Davide Settembre-Blundo, Alfonso Pedro Fernández del Hoyo and Fernando Enrique García-Muiña

The purpose of this paper is to develop an innovative branding method based on the hermeneutical approach and interpretive theory, to respond to the need of a simple and…

Open Access
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Abstract

Purpose

The purpose of this paper is to develop an innovative branding method based on the hermeneutical approach and interpretive theory, to respond to the need of a simple and effective tool to build corporate identity through an industrial brand identity design and, being a new business, has been considered the brand perception of their stakeholders as the main input to analyze.

Design/methodology/approach

The case study of a small- and medium-sized enterprise (SME), that produces nanomaterials for the business-to-business (B2B) industrial market, is used to design the new hermeneutic branding method. The methodology process has been structured in four phases that have marked the investigation and that correspond to four different levels of knowledge that, in succession, between them, constituted the so-called hermeneutic circle.

Findings

This new approach allowed us to understand the social phenomenon related to the brand: its characteristic, context and the brand itself. Though hermeneutic analysis has confirmed that business strategy is only part of a more complex system of brand management, it must also consider the competitive environment and the views of the stakeholders.

Practical implications

This paper contributes to research on industrial branding by adopting the hermeneutical approach in managerial practice. This paper is the first of its kind in detail modelling the design phases of a B2B brand, providing an operational tool for marketing specialists.

Originality/value

There is a lack of research studies in the methods for designing industrial brands. The contribution of this paper lies in proposing a new interpretative approach that, acknowledging the different expectations of the stakeholder in the supply chain, allows to draw a B2B brand that communicates the system values of the product and company.

Details

Asia Pacific Journal of Innovation and Entrepreneurship, vol. 12 no. 2
Type: Research Article
DOI: https://doi.org/10.1108/APJIE-02-2018-0005
ISSN: 2398-7812

Keywords

  • Corporate identity
  • Hermeneutic
  • Branding innovation
  • Startup companies

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Article
Publication date: 17 November 2014

The life cycle approach as an innovative methodology for the recovery and restoration of cultural heritage

Davide Settembre Blundo, Anna Maria Ferrari, Martina Pini, Maria Pia Riccardi, José Francisco García and Alfonso Pedro Fernández del Hoyo

In this paper, of exploratory character, the purpose of this paper is to propose the analysis of the life cycle for assessing the environmental, economic, and social…

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Abstract

Purpose

In this paper, of exploratory character, the purpose of this paper is to propose the analysis of the life cycle for assessing the environmental, economic, and social impact in the activity of recovery, restoration, and valorization of Cultural Heritage.

Design/methodology/approach

The analysis protocol is applied to the case of recovery and restoration processes and then outlining the salient features of what may become a model of Cultural Heritage Life Cycle Management (CH-LCM).

Findings

The authors propose the approach of the life cycle, normally used to assess the impact of materials, processes or products, to the management of cultural heritage as an innovative methodology with great potential.

Originality/value

The methodology for this sector is highly innovative, especially in its interdisciplinary approach, through the use of different technical, historical, and economic skills which can provide the tools for the preparation of a management plan according to the logic of the life cycle.

Details

Journal of Cultural Heritage Management and Sustainable Development, vol. 4 no. 2
Type: Research Article
DOI: https://doi.org/10.1108/JCHMSD-05-2012-0016
ISSN: 2044-1266

Keywords

  • Cultural heritage management (CHM)
  • Cultural heritage valorization
  • Life cycle assessment (LCA)
  • Life cycle costing (LCC)
  • Life cycle management (LCM)
  • Social life cycle assessment (S-LCA)

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