Search results

The purpose of this paper is to provide theoretical insight and practical guidance on how both process firms and equipment manufacturers can address the challenges posed by collaboration during the operational stage of the process technology/equipment life cycle.

Motives and driving forces for entering collaborative projects far from always converge, and while some projects require deep and long‐lasting relationships, others call for pure transactions and arms‐length relationships. The questions of why, when and how collaboration should take place and be organised and managed are addressed and discussed in the light of the literature on technology diffusion and technology transfer, and supplemented by ideas from industry professionals.

A tentative list of potential pros and cons has been compiled to serve as an embryo for further creation of a more complete set of expected outcomes with a view to developing a firm benchmarking instrument for establishing new collaborative relationships. Subsequently, a conceptual model of the full life‐cycle of process technology/equipment is developed to create a platform for determining collaboration intensity and success factors during different phases. Finally, a matrix with the dimensions “type of capability” and “expected performance improvements” is introduced as a tool for selection of different forms of collaboration.

The main limitation is that so far this is only a theoretical framework, but as such it will serve as a new platform and a guide for further empirical studies of this important yet under‐researched area.

This area of technology and innovation management research for the process industries has not been addressed before in depth. The new framework can already be deployed by industry professionals in their efforts to improve inter‐company collaboration and technology transfer, but also as a means of avoiding unintended technology diffusion.

This paper addresses the issue of information use in strategic decision making. The study employs a case study as a research strategy together with personal interviews and documentation as means of data collection. The starting‐point is four specific strategic decisions recently made by medium‐sized companies in Sweden. The study provides the reader with an insight into management information behaviour when taking strategic decisions, by addressing questions such as: Why is information used? What kind of information does management use? How do they obtain it? And finally, where do they obtain it? In addition, a short review of the literature pertaining to the above stated questions is provided.

This paper seeks to identify information enabling and supporting production ramp‐up processes, by exploring critical events and the role of information in such events.

The research approach was based on empirical and theoretical investigations. A selection of 30 events, considered the most critical for production ramp‐up realization and/or performance at one Swedish automotive company, were categorized and constituted the base for the analysis which focused information types and sources enabling event handling.

Information enabling event handling is a balanced combination of problem and domain information, regardless of event category. However, a differentiation concerning preference and usage of information types between experienced and less experienced personnel is identified. Problem‐solving information has the character of pragmatic information, composed of complementary parts of confirmation and novelty in terms of domain and problem information. The preferred information source in all event categories was “other people”.

The study focuses on the application of information in relation to critical events during production ramp‐up. General information theory is not addressed in depth.

Information type and information source are not dependent on certain event categories, which allows a general information strategy enabling production ramp‐up. To facilitate production ramp‐up and event handling managers and key personnel need to apply a holistic perspective and need to be updated on domain information of the products, the equipment, and the production process during production ramp‐up.

The originality is in the focus and role of information to achieve an efficient production ramp‐up performance. A supporting model is developed which describes the structure of pragmatic information for personnel with various levels of experience, regardless of event category.

Ubiquitous digital technologies are driving organisations to embrace non-traditional digitally transformed business models incessantly. Heterogeneous literature contributions have resulted in a spur in the research related to business transformation driven by digital technologies in recent years; consequently, the research under the digital transformation (DT), even though becoming a hotspot, remains very fragmented. The authors endeavour to holistically present the literature's intellectual structure under DT as a concept, its evolving journey and the emerging research streams in the business and management domains using the techniques of bibliometric analysis.

By performing bibliometric analysis on 234 research articles published over the last 20 years in the DT domain, retrieved from Thompson Reuters Web of Science ^TM, this study culls out thorough insights from the citation, co-citation and keyword analysis. Further emerging research streams were evaluated using VOSviewer software.

The study depicts an overall incremental trend of year-on-year publications, authors' performance, publication journals, associated institutions and research driving countries, along with key insights from co-citation network analysis. Furthermore, the study evaluates four research areas – organisational impacts, applied applications and insights, operational processes and social aspects, comprising eighteen research streams that comprehensively cover-up research under the DT domain.

The study contributes to the literature of DT by amalgamating the status of the present research, but more importantly, by deriving the research areas and research streams, which can be further expanded by researchers as future research streams.

For the practitioners, the study aims to act as a ready reckoner repository with practice-oriented literature references to facilitate them building knowledge and taking effective strategic decisions to harness the benefits of DT more proficiently.

This study illustrates the bibliometric structure of the DT literature and presents insights from the growth of the literature year-on-year.

The purpose of this paper is to study the impact of foreign venture capital (VC)/private equity (PE) ownership and other types of foreign investors on the access to external finance, in terms of credit provision, by the independent high-tech small and medium enterprises (SMEs) in the European context.

The research methodology is based on the analysis of a panel sample consisting of 1,138 firms from 23 European Union countries for the period 2006-2015. To statistically test the two defined research hypotheses, a panel model was run using 2SLS estimation.

The findings show that foreign ownership has a positive but partial role in improving the availability of external funding for independent high-tech SMEs. Foreign VC/PE ownership seems to facilitate the global accessibility of external financing but not the access to bank lending; on the contrary, other forms of foreign ownership (excluding VC/PE) seem to increase only the access to bank lending.

In order to open their businesses to a global spectrum of investment opportunities and increase the potentials of full development, small independent entrepreneurs should become attentive to the role of foreign investors. Further, policy actions need to stimulate an international vision of the way of doing business among the entrepreneurial contexts of high-tech SMEs.

The research fills a literature gap on the role of foreign ownership in mitigating the financing limitations of independent high-tech SMEs. Additionally, as independent high-tech SMEs differ from non-independent firms, the financing constraints and information asymmetry faced by independent firms are critical and pivotal to explore.