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1 – 10 of over 99000Anssi Jussila, Tuija Mainela and Satu Nätti
The purpose of this paper is to examine the formation of strategic networks between second-tier actors in the context of a construction megaproject. The research question…
Abstract
Purpose
The purpose of this paper is to examine the formation of strategic networks between second-tier actors in the context of a construction megaproject. The research question addressed is: How do second-tier strategic networks form in high uncertainty projects?
Design/methodology/approach
This is a qualitative single-case study, which examines strategic network formation in the context of a nuclear power plant construction project. Focused interviews with parties involved or having an interest in the megaproject were used as the primary data collection method.
Findings
The conditions for network formation in a megaproject context are specified with a focus on the determinants of uncertainty. A total of six second-tier network types with different formation conditions and potential roles in the project are characterized.
Research limitations/implications
Analyzing the prerequisites of strategic network formation and examining the characteristics of various networks (that are either planned, taking shape or existing between the companies) in this specific context creates a basis for further study of network formation over network levels.
Practical implications
The formation of strategic networks is critical for many actors in the construction and related industries who are willing to participate in large projects. With the help of our findings, managers are able to define opportunities to orchestrate early phase network formation processes in uncertain circumstances, such as megaprojects.
Originality/value
The contribution of this paper lies in the close examination of strategic network formation from the second-tier actor perspective under circumstances of high uncertainty related to the early phases of megaprojects. Likewise, the illustration of different types of evolving nets in different phases of uncertain projects offers a contribution to the present discussion on strategic nets.
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Elena-Mădălina Vătămănescu, Juan-Gabriel Cegarra-Navarro, Andreia Gabriela Andrei, Violeta-Mihaela Dincă and Vlad-Andrei Alexandru
In the context of resource scarcity, the affiliation of small and medium-sized enterprises (SMEs) to strategic networks has emerged as a fruitful path towards knowledge sharing as…
Abstract
Purpose
In the context of resource scarcity, the affiliation of small and medium-sized enterprises (SMEs) to strategic networks has emerged as a fruitful path towards knowledge sharing as a reaction to fierce competition and with a view to enhance their innovative performance. In this framework, this paper aims to investigate the influence exerted by a specific relational design (i.e. types of strategic networks) and methodology (i.e. channels and content) of knowledge sharing on SMEs innovative performance.
Design/methodology/approach
A questionnaire-based survey with 102 top managers of European SMEs in the industrial field was conducted from June to August 2019 and a partial least squares structural equation modelling technique was used. The database was initially filtered to ensure the adequacy of the sample and data was analysed using the statistics software package SmartPLS 3.0.
Findings
The results concluded that the structural model explains 38.5% of the variance in SMEs innovative performance, indicating the positive effects exerted by offline and online and by competitive knowledge sharing on the dependent variable.
Research implications
The study has both theoretical and practical implications in that it sets out a reference point for the key performance indicators for strategic networks structure, formation and development and, implicitly, for the selection of the most efficient relational design and methodology.
Originality/value
The pivotal originality elements reside in the advancement of a more comprehensive conceptual and structural model combining a two-fold operationalization of SMEs strategic networks (founded on business abilities or on the personality of the partner) and in the investigation of knowledge transfer processes at the inter-organizational levels within a context-centric approach.
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Zsófia Tóth, Peter Naudé, Stephan C. Henneberg and Carlos Adrian Diaz Ruiz
This paper aims to conceptualize corporate reference management as a strategic signaling activity in business networks. While research has extensively outlined how firms develop…
Abstract
Purpose
This paper aims to conceptualize corporate reference management as a strategic signaling activity in business networks. While research has extensively outlined how firms develop and maintain social capital through business-to-business (B2B) relationships, less is known about how they signal their participation in business networks to develop this social capital. Therefore, this paper conceptualizes B2B references, in particular corporate online references (COR), as a tool through which firms “borrow” attractiveness from their business network. Through the lens of structural social capital theory, COR is shown to capture advantages related to interconnectedness between firms.
Design/methodology/approach
The paper reports on a two-step qualitative and quantitative research design. First, the authors undertook a qualitative study that reports on the COR practices of senior business managers. A quantitative study then uses social network analysis (SNA) to audit a digital business network comprising 1,098 firms in a metropolitan area of the UK, referencing to each other through their corporate websites using COR.
Findings
The analyses find that COR practices contribute to building structural social capital in networks through strategic signaling. Firms do so by managing B2B references to craft strategic signals, using five steps: requesting, granting, curating, coding and decoding references. While the existing literature on business marketing portrays reference management as a routine and operational management practice, this investigation conceptualizes reference management, in particular COR, as a strategic activity.
Originality/value
To the best of the authors’ knowledge, this is the first study to use SNA to represent B2B references in the form of COR as a network, which overlaps with (but is not entirely identical to) the business network. Further, the study re-conceptualizes reference management as a strategic signaling activity that leverages the firm’s participation in business networks to build structural social capital by borrowing attractiveness of prestigious business partners that leverages existing structural social capital. Finally, the paper coins and conceptualizes COR as an exemplar of referencing management and offers propositions for further research.
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– The purpose of this paper is to igvestigate how strategic orientation influences managerial networks in Indian SMEs and the role competitive intensity as a moderator.
Abstract
Purpose
The purpose of this paper is to igvestigate how strategic orientation influences managerial networks in Indian SMEs and the role competitive intensity as a moderator.
Design/methodology/approach
Structured pre-tested questionnaire was employed to gather information from 147 top managers from Indian SMEs. Statically models were used for internal and external validation, hypothesis testing and data analysis.
Findings
The study results support the positive significant influence of strategic orientation including market orientation (customer orientation, competitor orientation and inter-functional orientation), technology orientation and entrepreneurship orientation on managerial network (business and political networks) building in Indian SMEs.
Originality/value
This study is one of the few studies on the subject line in Indian context, and among the first few studies in the Indian SME sector.
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Sari Laari-Salmela, Tuija Mainela, Elina Pernu and Vesa Puhakka
The purpose of this paper is to examine subsidiary positioning within the dynamic business networks in the context of multinational companies (MNCs). The research question of the…
Abstract
Purpose
The purpose of this paper is to examine subsidiary positioning within the dynamic business networks in the context of multinational companies (MNCs). The research question of the study is: How does the positioning of a subsidiary emerge through strategic practices in the dynamic business networks of an MNC?
Design/methodology/approach
The study relies on the IMP view on strategy with a focus on market positioning activity and the strategy-as-practice approach. Positioning is seen as a question of strategic practices in the interactive spheres of the subsidiaries. In the empirical part of the study, the authors examine the practices of a forest machine industry multinational through longitudinal interview and archival data on three of its sales subsidiaries in Sweden, Russia and the USA.
Findings
The study defines core tensions in subsidiary interactive spheres and the related strategic practices that shape the positioning of the subsidiaries. The study models the practice-based network positioning of MNC subsidiaries as a dynamic play of relationship tensions.
Originality/value
Prior research has focused either on the internal organizing of the MNCs or embeddedness of subsidiaries in their local environment. Less attention has been paid to the practices of positioning through which the subsidiaries deal with the inevitable tensions at the intersection of the internal and external networks.
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Lara Agostini and Douglas Wegner
The importance of government policies in the formation and development of strategic networks has been widely recognized. Many countries have designed specific government policies…
Abstract
Purpose
The importance of government policies in the formation and development of strategic networks has been widely recognized. Many countries have designed specific government policies with the aim to support network creation. However, the influence of these different government policies on the development process of strategic networks has never been considered so far. Therefore, the purpose of this paper is to investigate how different government policies influence the development process of strategic networks.
Design/methodology/approach
This research uses a multiple case study design with a descriptive and processual case study approach. The study compares two strategic networks where different government policies have been implemented: on the one hand, policies aimed to promote networking through the support of trade association and the design of specific laws; on the other hand, public policies providing financial support for network development.
Findings
The comparative analysis of two networks shows how the different activities along the development process are carried out based on the different support received, and it highlights that financing network creation and exerting a control function is not enough to stimulate network development and sustain its success.
Research limitations/implications
Considering the limited generalizability of this exploratory study because of the analysis of two cases, future studies with a larger number of strategic networks can expand the understanding of the effects of different types of public support for network development.
Practical implications
The results contribute to make entrepreneurs and public bodies aware of the importance of a managerial support to strategic networks’ development. The authors provide a series of evidences to academics and practitioners regarding how the development process of strategic networks may be shaped depending on the different government support they receive.
Originality/value
The value of this contribution lies in demonstrating the influence of different government policies in the development process of strategic networks, which has not been investigated yet, despite the great attention governments are devoting to networking.
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Angelo Cavallo, Antonio Ghezzi and Silvia Sanasi
The purpose of this article is to develop a model to assess entrepreneurial ecosystems. Specifically, the authors examine how to measure value creation and value capture…
Abstract
Purpose
The purpose of this article is to develop a model to assess entrepreneurial ecosystems. Specifically, the authors examine how to measure value creation and value capture mechanisms from a single participant's perspective and at the ecosystem level through a strategic value network-based approach.
Design/methodology/approach
Building on extant research on strategic networks, value networks and business models and leveraging a qualitative survey, the authors develop and test an assessment tool to measure value creation and capture within the entrepreneurial ecosystem of the San Francisco Bay Area.
Findings
The authors show that value-based measures on entrepreneurial ecosystems provide a systemic approach to assess how ecosystems operate, which can guide policymakers, entrepreneurs and all the other stakeholders of entrepreneurial ecosystems in their strategic decision-making process.
Originality/value
The authors provide an original model grounded in the strategic management and entrepreneurship literature for entrepreneurial ecosystems' assessment as few studies have done before. Besides, the authors provide an illustrative attempt to show how to empirically apply the original model by assessing the San Francisco Bay Area's entrepreneurial ecosystem.
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This paper has its background in a research project that studied 12 cases of local development and co‐operation in the Swedish wood‐manufacturing sector during 1997‐2000 and 20…
Abstract
This paper has its background in a research project that studied 12 cases of local development and co‐operation in the Swedish wood‐manufacturing sector during 1997‐2000 and 20 similar projects in other parts of Sweden in 1998. One reflection from this project was that the small firm managers, as well as the supporting bodies, lacked understanding of the process of the creation and support for survival of the networks. This article presents some hypotheses of the important factors in the creation process of strategic small to medium‐sized enterprise (SME) networks. This is done through an in‐depth analysis over the whole life cycle (eight years) for one of the networks studied in the project. The article gives small business owners some ideas of what they should consider before they start or join an attempt to create a strategic SME business network, indicates some of the pitfalls and contributes to policymakers’ understanding of what kind of support is needed.
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Breda Kenny and John Fahy
The study this chapter reports focuses on how network theory contributes to the understanding of the internationalization process of SMEs and measures the effect of network…
Abstract
The study this chapter reports focuses on how network theory contributes to the understanding of the internationalization process of SMEs and measures the effect of network capability on performance in international trade and has three research objectives.
The first objective of the study relates to providing new insights into the international market development activities through the application of a network perspective. The chapter reviews the international business literature to ascertain the development of thought, the research gaps, and the shortcomings. This review shows that the network perspective is a useful and popular theoretical domain that researchers can use to understand international activities, particularly of small, high technology, resource-constrained firms.
The second research objective is to gain a deeper understanding of network capability. This chapter presents a model for the impact of network capability on international performance by building on the emerging literature on the dynamic capabilities view of the firm. The model conceptualizes network capability in terms of network characteristics, network operation, and network resources. Network characteristics comprise strong and weak ties (operationalized as foreign-market entry modes), relational capability, and the level of trust between partners. Network operation focuses on network initiation, network coordination, and network learning capabilities. Network resources comprise network human-capital resources, synergy-sensitive resources (resource combinations within the network), and information sharing within the network.
The third research objective is to determine the impact of networking capability on the international performance of SMEs. The study analyzes 11 hypotheses through structural equations modeling using LISREL. The hypotheses relate to strong and weak ties, the relative strength of strong ties over weak ties, and each of the eight remaining constructs of networking capability in the study. The research conducts a cross-sectional study by using a sample of SMEs drawn from the telecommunications industry in Ireland.
The study supports the hypothesis that strong ties are more influential on international performance than weak ties. Similarly, network coordination and human-capital resources have a positive and significant association with international performance. Strong ties, weak ties, trust, network initiation, synergy-sensitive resources, relational capability, network learning, and information sharing do not have a significant association with international performance. The results of this study are strong (R2=0.63 for performance as the outcome) and provide a number of interesting insights into the relations between collaboration or networking capability and performance.
This study provides managers and policy makers with an improved understanding of the contingent effects of networks to highlight situations where networks might have limited, zero, or even negative effects on business outcomes. The study cautions against the tendency to interpret networks as universally beneficial to business development and performance outcomes.
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Business strategy and its quest for sustainable competitive advantage and success is challenged by external and internal change, which increasingly takes the form of radical…
Abstract
Purpose
Business strategy and its quest for sustainable competitive advantage and success is challenged by external and internal change, which increasingly takes the form of radical discontinuity. However, emergent strategy models are rising as concepts and constructs, possibly impacting on the advancement of strategic management theory and practices: these tools are the business model (BM), the value network (VN) and resource management (RM). The purpose of this paper is to propose a revisited role for BM design, VN configuration and RM, with specific reference to strategy execution and monitoring under discontinuity.
Design/methodology/approach
The study builds its contribution on a theoretical framework (constituted by a literature review on discontinuity, BM, VN and RM), supplemented by two longitudinal case studies on companies which went through several discontinuities affecting their business strategy.
Findings
BM, VN and RM are the strategic tools through which a company executes its planned strategy. In addition, radical variations in: BM parameters performance; VN configuration and firms relationships; RM consistency with resources core status, resulting from an external or internal discontinuity, constitute a signalling “vector” of inputs to identify the discontinuity and activate a new strategic re-planning process.
Originality/value
By revisiting the role of BM, VN and RM, the study revives the theoretical debate on business strategy under discontinuity, and provides managers with a comprehensive model to concretely employ these three tools for strategy analysis.
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