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Interest Alignment and Competitive Advantage

Interest Alignment and Competitive Advantage
Author: Groupe HEC (Jouy-en-Josas, Yvelines). Direction de la recherche
Publisher:
Total Pages: 45
Release: 2005
Genre:
ISBN: 9782854188233

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Motivation and the firm

Motivation and the firm
Author: Oliver Gottschalg
Publisher:
Total Pages: 0
Release: 2005
Genre:
ISBN:

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Aligning for Advantage

Aligning for Advantage
Author: Thomas C. Lawton
Publisher: Oxford University Press
Total Pages: 257
Release: 2014-02
Genre: Business & Economics
ISBN: 0199604746

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The book outlines how companies should synchronize competitive strategies with extant strategies for social engagement and political and regulatory activism in order to build and sustain business success.


Interest Alignment and Firm Performance

Interest Alignment and Firm Performance
Author: Oliver Gottschalg
Publisher:
Total Pages: 23
Release: 2005
Genre:
ISBN: 9782854188257

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The degree to which firms are able to align the individual interests of their members with overall strategic objectives has been long recognized as a fundamental determinant of firm performance (e.g. Jensen and Meckling (1976; Jensen(1986)). Much of our attention has focused on the role of extrinsic motivation based on rewards and sanctions to achieve such interest alignment. Recently, Gottschalg and Zollo (2004) have proposed a more comprehensive conceptual framework of interest alignment that considers not only extrinsic, but also enjoyment-based hedonic intrinsic and obligation-based normative intrinsic motivational mechanisms. This study derives testable hypotheses from their framework and thus provides an ampirical test of interest alignment theory based on a sample of 69 management buyouts in the UK. The results of the multivariate regression model suggest that in the setting, interest alignment does have a significant influence on firm performance. Surprisingly, however, the performance impact ofintrinsic motivation (particularly of a hedonic nature) is much more powerful than that of extrinsic motivation, which fails to show any statistical significance. Furthermore, and contrary to "received wisdom", the three types of motivation mutually reinforce each other in their positive impact on performance.


Behavioral Strategy for Competitive Advantage

Behavioral Strategy for Competitive Advantage
Author: T. K. Das
Publisher: IAP
Total Pages: 253
Release: 2018-10-01
Genre: Business & Economics
ISBN: 1641134372

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Behavioral strategy continues to attract increasing research interest within the broader field of strategic management. Research in behavioral strategy has clear scope for development in tandem with such traditional streams of strategy research that involve economics, markets, resources, and technology. The key roles of psychology, organizational behavior, and behavioral decision making in the theory and practice of strategy have yet to be comprehensively grasped. Given that strategic thinking and strategic decision making are importantly concerned with human cognition, human decisions, and human behavior, it makes eminent sense to bring some balance in the strategy field by complementing the extant emphasis on the “objective" economics-based view with substantive attention to the “subjective” individual-oriented perspective. This calls for more focused inquiries into the role and nature of the individual strategy actors, and their cognitions and behaviors, in the strategy research enterprise. For the purposes of this book series, behavioral strategy would be broadly construed as covering all aspects of the role of the strategy maker in the entire strategy field. The scholarship relating to behavioral strategy is widely believed to be dispersed in diverse literature. These existing contributions that relate to behavioral strategy within the overall field of strategy has been known and perhaps valued by most scholars all along, but were not adequately appreciated or brought together as a coherent sub-field or as a distinct perspective of strategy. This book series on Research in Behavioral Strategy will cover the essential progress made thus far in this admittedly fragmented literature and elaborate upon fruitful streams of scholarship. More importantly, the book series will focus on providing a robust and comprehensive forum for the growing scholarship in behavioral strategy. In particular, the volumes in the series will cover new views of interdisciplinary theoretical frameworks and models (dealing with all behavioral aspects), significant practical problems of strategy formulation, implementation, and evaluation, and emerging areas of inquiry. The series will also include comprehensive empirical studies of selected segments of business, economic, industrial, government, and non-profit activities with potential for wider application of behavioral strategy. Through the ongoing release of focused topical titles, this book series will seek to disseminate theoretical insights and practical management information that will enable interested professionals to gain a rigorous and comprehensive understanding of the subject of behavioral strategy. Behavioral Strategy for Competitive Advantage contains contributions by leading scholars in the field of behavioral strategy research. The 8 chapters in this volume deal with a number of significant issues relating to how behavioral strategy may serve to create competitive advantage, covering topics such as decision change timing, top management regulatory focus, cognitive foundations of pricing decisions, short-termism in HRM, and the effects of managerial role enactments on alliance performance. The chapters include empirical as well as conceptual treatments of the selected topics, and collectively present a wide-ranging review of the noteworthy research perspectives on the role of behavioral strategy in enhancing competitive advantage.


Towards a New Theory of the Firm: Humanizing the Firm and the Management Profession

Towards a New Theory of the Firm: Humanizing the Firm and the Management Profession
Author: Josep Maria Rosanas Martí
Publisher: Fundacion BBVA
Total Pages: 444
Release: 2012
Genre: Business enterprises
ISBN: 8492937378

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Este libro nace de la idea de que la empresa ha resultado ser una forma organizativa con capacidad de transformar la sociedad. Las empresas contribuyen a solucionar problemas reales, creando valor social y fomentando el cambio. La dirección y los directivos tienen una influencia notable en el bienestar de muchas personas. Pero ¿es posible que nuestras teorías de dirección sean erróneas; incluso que sean responsables de los errores que desembocaron en la crisis actual? IESE, como escuela de negocios comprometida con el desarrollo de líderes que aspiran a ejercer un impacto positivo profundo y duradero en las personas, es consciente de la tendencia de deshumanizar la profesión de directivo, pero también de la necesidad de reconocer su importancia y sus logros. Fue desde este compromiso, y con cierto sentido de urgencia, que en 2011 se organizó una conferencia internacional bajo el título Humanizing the Firm and the Management Profession , con el propósito de revertir esta tendencia, replanteando nuestras teorías de la empresa. El presente libro reúne las comunicaciones presentadas en ese encuentro. La obra se estructura en tres partes. La primera, On Leaders and Society: What Future Are We Building Today? , intenta contextualizar el debate ofreciendo un diagnóstico de la situación actual. Presenta unas perspectivas positivas pero también negativas; algunas reflexiones empíricas pero también propuestas normativas. La segunda, Building Blocks for a New Theory of the Firm , pretende desarrollar los elementos centrales de lo que sería una nueva teoría de la empresa: las bases de una teoría de gestión estratégica orientada a los grupos interesados; cuestiones filosóficas de fondo sobre en qué debería consistir la humanización; y los fundamentos de la responsabilidad social corporativa y de la implicación de los grupos interesados. Finalmente, la tercera parte, On Micro Foundations , repasa algunos de los elementos claves susceptibles de dar apoyo a una nueva teoría de la empresa. Por el camino, habremos visto algo de cómo es nuestro mundo, porqué es así, y qué podemos hacer para que sea diferente. Este libro está dirigido a un amplio público de académicos y profesionales de alto nivel interesados en aumentar la calidad de nuestra gestión por medio de una mejor teoría de la empresa.


The Dark Side of Technological Innovation

The Dark Side of Technological Innovation
Author: Bing Ran
Publisher: IAP
Total Pages: 420
Release: 2013-04-01
Genre: Business & Economics
ISBN: 1623960630

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Managing technological innovations and related policy and strategy issues have been a central focus of the new millennium. This book series presents an interdisciplinary scholarship and dialogue on the management of innovation and technological change in a global context from a variety of perspectives, including strategic, managerial, behavioral, and policy issues. Papers selected in this volume have four prominent themes: the wide spread interests and the global application of the technological innovation; the practicality of the research on technological innovation implementation to foster success and financial growth; the socio-technical challenges behind innovation and creativity that might outweigh the benefits; and the new principles/practices/perspectives on our understanding of the technological innovation. Contributed by prominent scholars and practitioners from around the world in innovation, management and policy area, this book will become a very useful read for anyone who is interested in learning the most contemporary perspectives on the subject.


Going Green Together

Going Green Together
Author: Frank Roettgers
Publisher: Environmental Pioneers
Total Pages: 103
Release: 2011
Genre: Business & Economics
ISBN: 300032898X

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At a time when "going green" is at the top of the agenda of many organizations one of the most critical success factors of strategy implementation escapes the notice of many business professionals: the alignment of employees with the green strategy.As employees are considered the linchpin of organizations' strategic operational success, Going Green Together illustrates how to align employees with green strategies to facilitate a flawless realization of organizations' environmental goals. From his experiences in the utility sector, Frank Roettgers indicates where the differences lie between general strategy alignment and the alignment with green strategies. The dissertation explains how organizations are able to increase the number of strategically aligned employees, embed green thinking in daily routines, and induce a more action-related behavior towards the implementation of green strategies. Elaborating on aspects such as company culture, communication methods, leadership style, and incentives, this research project illustrates how organizations are able to cultivate a green framework, align their employees, and thereby lay the foundation for a sustainable competitive advantage.