摘要:

AbstractBowman's (1980, 1982) widely quoted papers have reported the existence of a risk‐return paradox for strategic management. In this paper the authors examine the dynamic behavior of the risk‐return relationship and analyze whether the risk‐return paradox is stable across time. The analysis involves tracking Bowman's so‐called negative association ratio across time. Using accounting measures of risk and return, it is demonstrated that while the paradox holds during the 1970s, the finding does not hold in the environment of the 1960s. Further, the paradox disappears if market‐based risk measures are used. Some implications for strategic management are then discussed and attention is directed towards the meaning of risk in the context of strategic management. In addition, possible explanations for this paradox are evaluated and directions for further research are

ISSN:0143-2095    

DOI:10.1002/smj.4250070502

出版商:John Wiley&Sons, Ltd.    

年代:1986

数据来源: WILEY

摘要:

AbstractThe conventional wisdom that businesses should invest in growth markets is based upon the assumptions that, in the early phase of a growth market, share gains are easier and worth more, the experience curve will lead to advantage, price pressure will be low, needed access to the technology will result and future entries will be deterred. These assumptions are examined and six major types of growth market risks are discussed. Finally, conditions which should be present if an early entry into a growth market is attempted are identified.

ISSN:0143-2095    

DOI:10.1002/smj.4250070503

出版商:John Wiley&Sons, Ltd.    

年代:1986

数据来源: WILEY

摘要:

AbstractThe relationship between financial performance and characteristics of corporate planning systems was investigated/Planning systems that combined an external focus with a long‐term perspective were found to be associated with superior 10‐year total return to stockholders. A lagged relationship between such systems and 4‐year average annual returns to investors also was ident

ISSN:0143-2095    

DOI:10.1002/smj.4250070504

出版商:John Wiley&Sons, Ltd.    

年代:1986

数据来源: WILEY

摘要:

AbstractThis paper demonstrates the inadequacy of traditional measures, that are based on a firm's profitability, for evaluating its strategic performance. Two other measures, one that attempts to assess the quality of a firm's transformations (and not merely its outcomes) and the other that attempts to measure the satisfaction of all of the firm's stakeholders (and not merely its stockholders), are shown here to be important discriminators of strategic performance. The performances of seven ‘excellent’ firms from the computer industry, featured in the recent book by Peters and Waterman, are contrasted with that of seven ‘non‐excellent’ firms from the same industry, to develop a framework for measuring strategic pe

ISSN:0143-2095    

DOI:10.1002/smj.4250070505

出版商:John Wiley&Sons, Ltd.    

年代:1986

数据来源: WILEY

摘要:

AbstractOnly by developing management systems based on appropriate standards can a business successfully learn how to improve the technology of work. As a result, a new economics of work is created where the evolution of large organizations makes economic sense. But economies of scale no longer require rigid mass production of a limited product line. Flexibility can be introduced to produce product diversity without losing the efficiencies of standardization. Thus manufacturing can operate more flexibly like a service by learning to apply industrial robots and other smart machines. Service businesses can also learn how to manage more systematically by designing standard menus of operations.

ISSN:0143-2095    

DOI:10.1002/smj.4250070506

出版商:John Wiley&Sons, Ltd.    

年代:1986

数据来源: WILEY

摘要:

AbstractTwo recent studies (Fredrickson, 1984; Fredrickson and Mitchell, 1984) used a new research method to obtain statistically verifiable measures of a strategic decision process construct. In this paper the method's underlying theory and assumptions are made explicit, its benefits and shortcomings are discussed, and possible extensions are suggested.

ISSN:0143-2095    

DOI:10.1002/smj.4250070507

出版商:John Wiley&Sons, Ltd.    

年代:1986

数据来源: WILEY

ISSN:0143-2095    

DOI:10.1002/smj.4250070501

出版商:John Wiley&Sons, Ltd.    

年代:1986

数据来源: WILEY