Managing dynamic business environments: India’s future automotive industry

2014 ◽  
Vol 6 (4) ◽  
pp. 309-331
Author(s):  
Christian Kuklinski ◽  
Roger Moser ◽  
Thomas Callarman
Keyword(s):  
Information Processing ◽  
Automotive Industry ◽  
Expert Panel ◽  
Emerging Market ◽  
Scenario Planning ◽  
Content Type ◽  
Business Environments ◽  
Information Processing Perspective ◽  
Planning Methodology ◽  
Political Economic

Purpose – This paper aims to examine from an information processing perspective how Delphi-based analyses can be used to overcome some challenges of dynamic business environments in emerging markets. Design/methodology/approach – Delphi-based, future-oriented approach utilizing scenario planning methodology based on real-time expert-panel data. Findings – Delphi-based analyses can indeed serve as an information processing aid to reduce uncertainty and equivocality in an emerging market. Originality/value – A multistage analysis approach integrating the political, economic, socio-cultural and technological-stakeholder framework to support and better structure managers’ information processing in an emerging market.

Chang'an Automobile and the Chinese automotive industry

2011 ◽  
Vol 1 (4) ◽  
pp. 1-30 ◽  
Author(s):  
Michael Roberto ◽  
Grace Chun Guo ◽  
Crystal X. Jiang
Keyword(s):  
Automotive Industry ◽  
Economies Of Scale ◽  
Joint Venture ◽  
Central Government ◽  
Emerging Market ◽  
Auto Industry ◽  
High Growth ◽  
Foreign Firms ◽  
Content Type ◽  
The Usa

TitleChang'an Automobile and the Chinese automotive industry.Subject areaInternational businessStudy level/applicabilityUndergraduate/graduate/executive education.Case overviewChina has become the world's largest producer of automobiles, surpassing the USA and Japan. The Chinese auto industry differs quite significantly from those countries though. While the industry exhibits a substantial degree of concentration in the USA and Japan in early 2011, it remained highly fragmented in China. The Chinese Central Government had announced a desire for consolidation, yet it remained unclear whether a significant shakeout would occur in the near term.Like many Chinese automakers, Chang'an partnered with well‐known global auto makers to develop, produce, and distribute its products. In the coming years, Chang'an hoped to develop more independence from its foreign partners, including the production and distribution of self‐branded cars. However, the company grappled with how it could strive for independence while managing its existing joint ventures. Executives worried too about how to compete with foreign automakers who had achieved global economies of scale.The case provides a rich description of the evolution of the Chinese auto industry, and it documents how the Chinese industry differs from other global markets. Readers can analyze the extent to which they believe scale economies provide foreign firms an advantage over smaller Chinese rivals, and they can evaluate the conventional wisdom regarding the industry's minimum efficient scale. The case also provides a detailed account of Chang'an's rise to prominence. The case concludes by offering an in‐depth description of the firm's key rivals, and it presents the key questions being considered by Chang'an executives in 2011.Expected learning outcomesEnables students to examine how and why an industry's structure can differ substantially across geographic markets. Enables students to examine whether the need to achieve economies of scale may cause substantial consolidation in the Chinese auto industry. Provides an opportunity to evaluate the pros and cons of the joint venture strategies employed in China. Provides an opportunity to examine how a relatively small firm can position itself against large multinationals in a high‐growth emerging market.Supplementary materialsTeaching notes.

scholarly journals Managing the survivor syndrome as scenario planning methodology … and it matters!

2019 ◽  
Vol 68 (4) ◽  
pp. 838-854
Author(s):  
Hong T.M. Bui ◽  
Vinh Sum Chau ◽  
Jacqueline Cox
Keyword(s):  
Organizational Performance ◽  
Global Financial Crisis ◽  
Scenario Planning ◽  
Structured Interviews ◽  
Open Communication ◽  
Content Type ◽  
Survivor Syndrome ◽  
The Public ◽  
Planning Methods ◽  
Planning Methodology

PurposeThe importance of foresight is discussed in relation to why traditional scenario planning methodology is problematic at achieving it. The “survivor syndrome” is borrowed from the human resources literature and presented as a metaphor for foresight to illustrate how better “scenarios” can be achieved by understanding the syndrome better. A practice perspective is given on the use of a seven-theme framework as a method of interviewing survivors. The paper aims to discuss this issue.Design/methodology/approachThe paper draws from an empirical research that took place during the 2008 global financial crisis to illustrate the richness of the insights that would otherwise not be obtainable through scenario planning methods that do not involve “survivors.” In that research, semi-structured interviews were employed with key personnel at multiple levels of one private and one public organization that had undergone a redundancy process at the time of the crisis to explore its effect on the remaining workforce.FindingsThe “survivor syndrome” itself would be minimized if managers consider the feelings of survivors with more open communication. Survivors in private firms were found generally to experience anxiety, but are more likely to remain more motivated, than their counterparts in the public sector. These detailed insights create more accurate “scenarios” in scenario planning exercises.Originality/valueOrganizational performance can be better enhanced if the survivor syndrome can be better managed. In turn, scenario planning, as a form of organizational foresight, is better practiced through managing the survivor syndrome. Scenario planning methodology has proliferated well in the human resource management literature.

How to leverage manufacturing digitalization for green process innovation: an information processing perspective

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Zelong Wei ◽  
Lulu Sun
Keyword(s):  
Information Processing ◽  
Information Sharing ◽  
Process Innovation ◽  
Green Process ◽  
Bottom Up ◽  
Content Type ◽  
Digital Era ◽  
Information Processing Perspective ◽  
Green Process Innovation

PurposeThe aim of this study was to examine how manufacturing digitalization can be leveraged to promote green innovation in the digital era by investigating the effects of manufacturing digitalization on green process innovation, and thus firm performance. The authors also explored how the role of manufacturing digitalization varies with horizontal information sharing, vertical bottom-up learning and technological modularization.Design/methodology/approachFive hypotheses were examined by performing regression analyses on survey data from 334 manufacturing firms in China.FindingsManufacturing digitalization positively affects green process innovation, and thus firm performance. Furthermore, this positive effect is strengthened by horizontal information sharing and technological modularization and weakened by vertical bottom-up learning.Originality/valueThis study extends the literature rooted in the natural-resource-based view by identifying the crucial role of green process innovation and investigating the value of manufacturing digitalization for developing green capabilities in the digital era. It also contributes to this line of research by revealing contingent factors to leverage manufacturing digitalization from the information processing perspective. Furthermore, this study extends information processing theory to the digital context and identifies the interaction of organizational design (vertical bottom-up learning and horizontal information sharing) and digital investment (manufacturing digitalization).

Strategic foresight for organizational agility at Nedbank Area Collaboration

2018 ◽  
Vol 8 (1) ◽  
pp. 1-43
Author(s):  
Marius Oosthuizen ◽  
Caren Scheepers
Keyword(s):  
Strategic Management ◽  
Organizational Development ◽  
Low Income ◽  
Financial Services ◽  
Emerging Market ◽  
Corporate Sustainability ◽  
Subject Area ◽  
Scenario Planning ◽  
Content Type ◽  
Strategic Foresight

Subject area The case study uses a strategic foresight method, scenario-planning, to examine the strategic options for a financial services firm. As such, it covers the fields of strategy, environment of business, innovation, digital disruption and organizational change as they relate to the firm’s ability to adapt to changes in the environment of business in an emerging market context. Study level/applicability The case was developed with master's-level students in mind, particularly those seeking a master of business administration, masters in strategic foresight or related management degrees. Case overview The case of NEDBANK, a longstanding and successful financial services firm based in South Africa is confronted with major challenges from competitors because of technological change in the industry as well as having to expand their market penetration across Africa. A rising regulatory burden, tough economic conditions and the need to access low income markets, provide a significant organizational development challenge as a decades-old bank, known for a relational approach to banking, has to navigate the new domains of “fintech”, micro-lending and public sector banking. Expected learning outcomes Students will gain comprehensive insight into the industry environment in emerging markets, understand the strategic management challenge before financial services firms in this environment and be able to consider the alternative strategic interventions that may be used to ensure corporate sustainability amid these challenges. Simultaneously, the case provides a comprehensive view into the use and application of scenario-planning for strategic management. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS: 11: Strategy

scholarly journals Problem-solving dissension and international entry mode performance

2016 ◽  
Vol 33 (2) ◽  
pp. 219-245
Author(s):  
Junzhe Ji ◽  
Pavlos Dimitratos ◽  
Qingan Huang
Keyword(s):  
Decision Making ◽  
Information Processing ◽  
Problem Solving ◽  
Entry Mode ◽  
Ordinary Least Squares ◽  
Moderating Effect ◽  
Strategic Decision ◽  
Content Type ◽  
Information Processing Perspective ◽  
International Entry

Purpose – The purpose of this paper is to examine international decision making, information processing, and related performance implications. The authors aim to explore the relationship between international decision making and problem-solving dissensions related to entry mode decisions. In addition, they aim to investigate the effects of dissension on entry mode performance, and the moderating effect of the foreign direct investment (FDI) vs non-FDI decision as it relates to dissension-mode performance. Despite their significance from an information processing perspective, these issues have not been sufficiently explored in international entry mode research. Design/methodology/approach – This research presents data collected from 233 privately owned internationalized Chinese firms. The analysis in this investigation includes hierarchical ordinary least squares regression. Findings – The findings suggest an inverse U-shaped relationship between dissension and entry mode performance, as opposed to a linear one, and a moderating effect of FDI vs non-FDI decisions on this curvilinear dissension-performance association. These findings support and refine the rationale of the information processing perspective. Originality/value – These findings add realistic elements to the alleged “rational” international decision-making doctrine assumed in previous entry mode literature. The findings show the importance of the heterogeneity of information processing in entry mode strategic decision-making processes (SDMPs), and its effects on specific decision types. The authors believe that this is the first empirical study to use an information processing perspective to examine the effects of SDMPs on entry mode performance.

Decision-making framework for investing in emerging markets

2017 ◽  
Vol 14 (4) ◽  
pp. 290-309
Author(s):  
Dominic Hess ◽  
Roger Moser ◽  
Gopalakrishnan Narayanamurthy
Keyword(s):  
Decision Making ◽  
Emerging Markets ◽  
Ivory Coast ◽  
Expert Panel ◽  
Emerging Market ◽  
Content Type ◽  
Starting Point ◽  
Investment Opportunities ◽  
Decision Making Framework ◽  
Decision Elements

Purpose The purpose of this paper is to identify and understand the obstacles and drivers of financial investors while deciding upon investment opportunities in emerging markets. Design/methodology/approach Relevant factors for financial investors in emerging markets were identified through a literature review and a series of expert interviews. Identified factors were broadly grouped into three categories, namely, microeconomic aspects, macroeconomic aspects, and aspects of the functionality of the local banking system. Finally, an expert panel (Delphi) technique is used to validate the findings in cocoa industry in Ivory Coast. Findings A decision-making framework that enables the evaluation of the attractiveness of an industry in emerging market from a financial investor perspective is developed and its application is demonstrated on the cocoa industry in Ivory Coast. Probability and consensus of the projections for the individual decision elements are tabulated along with the insights into both encouraging and discouraging aspects. Research limitations/implications Current study is a timely contribution to the call for papers in the research literature to develop frameworks that are contextualized in emerging markets. Similar to any other qualitative study, this study lacks the generalizability of results. But, the framework developed can act as a starting point toward the generalizability of the findings in future. Practical implications Decision elements identified in this study can act as a checklist for financial investors and top management to choose the elements that are relevant to the investment problem being dealt by them. Also, the study can act as a handy demonstration to practitioners for applying the framework using expert panel. Social implications A major challenge of the investment environment in emerging market is the non-availability of quality information on the potential investment opportunities. In this study, the authors suggest a framework to overcome this information asymmetry challenge and expect it to promote financial investments in emerging economies which in turn will improve the quality of life of people in these economies. Originality/value First study to present an approach to help financial investors to conduct profound evaluation and gain more in-depth insights into the future investment opportunity attractiveness of a particular industry in an emerging market.

Understanding the nature of processes: an information-processing perspective

2018 ◽  
Vol 24 (1) ◽  
pp. 67-88 ◽  
Author(s):  
Sarah Zelt ◽  
Theresa Schmiedel ◽  
Jan vom Brocke
Keyword(s):  
Information Processing ◽  
Organizational Performance ◽  
Process Management ◽  
Management Practices ◽  
Process Efficiency ◽  
Content Type ◽  
Context Sensitive ◽  
Processing Theory ◽  
Information Processing Perspective ◽  
Context Specific

Purpose While researchers and practitioners agree on the importance to adapt business process management (BPM) practices to the nature of processes, the authors observe a lack of research on how to most meaningfully distinguish processes in order to apply context-specific BPM practices that increase process efficiency and effectiveness. The purpose of this paper is to systematically analyze the nature of processes as one contextual factor for BPM. Design/methodology/approach Based on a literature review, the authors systematically derive process dimensions that describe the nature of processes and apply an information-processing perspective to the process level as a theoretical lens through which to analyze and structure these process dimensions. Findings The authors identified 36 dimensions used to describe process differences that can be consolidated into five generic dimensions based on an information-processing perspective: interdependence of process participants, differentiation of process participants, process analyzability, variability, and importance. Research limitations/implications The paper derives process dimensions from the literature and links them to extant theories as a foundation for context-sensitive BPM. The findings serve as a basis for further conceptualizing BPM and for explaining seemingly contradicting findings about whether management practices increase or decrease organizational performance. Practical implications While the paper focuses on understanding and explaining process differences, the authors also demonstrate how these dimensions can be used to make strategic management decisions in order to increase the effectiveness and efficiency of processes. Originality/value The authors systematically conceptualize process differences as a foundation for contingent process management. In addition, the authors demonstrate that organizational processes provide a new field of application for information-processing theory.

scholarly journals From educating agents to change agents: experience of using foresight in accounting education

2020 ◽  
Vol 16 (4) ◽  
pp. 607-612
Author(s):  
Anatoli Bourmistrov
Keyword(s):  
Change Agents ◽  
Scenario Planning ◽  
Accounting Education ◽  
Content Type ◽  
Accounting Courses ◽  
Personal Use ◽  
Planning Methodology ◽  
Accounting Graduates ◽  
Potential Remedy ◽  
Future Business

Purpose The purpose of this paper is to reflect on the author’s personal use of scenario planning methodology in accounting classes and how it can be useful for creating accounting graduates who are better prepared to face greater uncertainty. Design/methodology/approach The paper is based on the author’s self-ethnography. Findings Accounting education is criticized for its inability to educate graduates capable of advising current and future business in an extremely uncertain environment. Scenario planning as a compulsory component in accounting courses can be a potential remedy. Originality/value The author encourages accounting educators to find an appropriate balance in their training programs between professional skills and the skills required of accounting graduates to be change agents.

Formal and informal scenario-planning in strategic decision-making: an assessment of corporate reasoning

2019 ◽  
Vol 34 (2) ◽  
pp. 439-450 ◽  
Author(s):  
Charlene Lew ◽  
Danielle Meyerowitz ◽  
Göran Svensson
Keyword(s):  
Decision Making ◽  
Case Studies ◽  
Emerging Market ◽  
Relevant Literature ◽  
Scenario Planning ◽  
Strategic Decision ◽  
Strategic Decision Making ◽  
Related Factors ◽  
Content Type ◽  
African Context

PurposeThe theoretical value of scenario-planning as a strategic tool is well recognized in literature. The purpose of this study is to explore the corporate reasoning of formal and informal usage (or non-usage) of scenario-planning in strategic decision-making.Design/methodology/approachAn overview of the relevant literature on scenario-planning as a strategic decision-making tool in the context of complexity and uncertainty is presented, in combination with 15 case studies on executives in the South African context.FindingsThe findings are based on a study in the emerging market context. From the case studies reported, it is evident that industry, organizational and leadership-related factors influence the effective use or non-use of scenario-planning.Research limitations/implicationsEmpirical findings are reported, contributing to an assessment framework to revisit the usage of formal and informal scenario-planning in strategic decision-making. Further research to determine which supportive tools and technologies should be used for scenario-planning across multiple contexts is needed.Practical implicationsThe study expands upon previous insights into the formal and informal usage (or non-usage) of scenario-planning in strategic decision-making based on an emerging market context.Originality/valueThis study contributes to understanding the value of scenario-planning in complex contexts that require strategic adaptability and offers a hands-on toolkit and shortlist of assessment criteria to conceptualize the organizational reasoning and scholarly framing of formal, informal or non-scenario-planning in strategic decision-making.

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