scholarly journals Alliance Portfolios

Management ◽  
2019 ◽  
Author(s):  
Pek-Hooi Soh ◽  
Annapoornima M. Subramanian
Keyword(s):  
Firm Performance ◽  
Strategic Alliances ◽  
Capability Development ◽  
Performance Impact ◽  
Alliance Portfolio ◽  
Knowledge Based ◽  
Trade Offs ◽  
New Business ◽  
The Impact ◽  
Alliance Portfolios

The field of alliance portfolio research has grown significantly since 2007, and much research has focused on the impact of alliance portfolios on firm performance. An alliance portfolio is a collection of alliances established by a firm with different partners over a certain number of years. The term has also been referred to as a network of direct ties or bilateral relationships of the firm. In management research, some researchers use the term to account for all alliances that remain actively involved in focal firm’s business when assessing the competitive positioning of the firm in an industry, whereas others include both existing and past alliances when focal firm’s alliance experience and capability development is concerned. In strategic management and innovation studies, scholars have investigated alliance portfolios that are typically made up of a variety of strategic partners who may possess specialized knowledge, capabilities, and other valuable resources required by focal firms. Thus, there exist variations in how alliance portfolios are defined in academic studies, especially depending on the research disciplines and the objectives of alliance formation in a particular industry context. Furthermore, management scholars have argued that a portfolio-level approach toward investigating the performance impact of strategic alliances is more appropriate than a dyadic view. The prime reason is that management cannot ignore the interdependence that exists between alliance activities, the trade-offs in resource allocation and the synergies that arise from across the alliance projects. Alliance portfolios will likely offer a larger scope of opportunities for new combinations than individual bilateral alliances do. In understanding the relationship between alliance portfolios and firm performance, scholarly works have branched into these broad research inquiries: (i) the configuration of alliance portfolios, (ii) the management of alliance portfolios, and (iii) the role of alliance portfolios from a knowledge-based view. More recently, a new theme has emerged to study whether and how small and young ventures benefit from alliance portfolios. Above all, across these lines of alliance portfolios research inquiry, growing attention has been drawn to the antecedents and consequence of learning and value creation among portfolio partners, which would predict a firm’s performance in profitability, innovation, and new business development.

Internationalization of exploitation alliance portfolios and firm performance

2019 ◽  
Vol 57 (1) ◽  
pp. 86-99 ◽  
Author(s):  
Oliver Rossmannek ◽  
Olaf Rank
Keyword(s):  
Firm Performance ◽  
Design Methodology ◽  
Panel Regression ◽  
Alliance Portfolio ◽  
Content Type ◽  
Marketing Alliances ◽  
High Degree ◽  
The Impact ◽  
Practical Implications ◽  
Alliance Portfolios

Purpose The purpose of this paper is to analyze the impact of alliance portfolio internationalization (API) on firm performance in the context of exploitation alliances. Design/methodology/approach The hypothesis is tested by applying a panel regression using a sample of 64 airlines over a nine years period. Findings As a result, the study finds a U-shaped relationship between API and firm performance. Research limitations/implications The results are particularly relevant for firms using many exploitation (e.g. marketing) alliances. Practical implications In the context of exploitation alliances, managers should focus either on local partners or to take advantage of partners with a high degree of foreignness. Stuck in the middle seems to be not advantageous. Originality/value Previous work found an S-shaped relationship between portfolio internationalization and firm performance while concentrating on exploration alliances. In contrast, this study shows that exploitation alliance portfolios do not experience a decline of firm performance at high levels of portfolio internationalization.

Intellectual capital and firm performance in emerging economies: the case of India

2016 ◽  
Vol 26 (3) ◽  
pp. 410-430 ◽  
Author(s):  
Santi Gopal Maji ◽  
Mitra Goswami
Keyword(s):  
Firm Performance ◽  
Intellectual Capital ◽  
Value Added ◽  
Relative Importance ◽  
Content Type ◽  
Knowledge Based ◽  
Traditional Sector ◽  
Steel Sector ◽  
Capital Efficiency ◽  
The Impact

Purpose The purpose of this paper is to examine the impact of intellectual capital (IC) on Indian traditional sector and compare the relative importance of IC on corporate performance of Indian knowledge-based sector (engineering sector) and traditional sector (steel sector). Design/methodology/approach Secondary data on 100 listed Indian firms, comprising of 44 firms from the engineering sector and 56 from the steel sector, are collected from “Capitaline Plus” Corporate database for a period of 14 years from 1999-2000 to 2012-2013. IC and its components are computed using Pulic’s value-added intellectual coefficient model and firm performance is measured by return on asset. Fixed effect regression model is used to investigate the hypothetical relationship between IC and firm performance. Further, quantile regression is used to check the robustness of the results. Findings The results indicate that IC efficiency and physical capital efficiency are positively and significantly associated with the firm performance for both the sectors. Regarding the components of IC, the coefficient of human capital efficiency is positive and significant, but the present effort fails to disentangle any significant influence of structural capital efficiency on firm performance. However, the results indicate that the influence of IC efficiency on firm performance is significantly greater in case of knowledge-based sector than that of traditional sector. Practical implications The findings of the study are useful for the decision makers, as the results indicate that the IC plays crucial role in value creation not only for knowledge-based firms but also for the firms belonging to the traditional manufacturing sector. Originality/value In the Indian context, this is the first study to examine the relative importance of IC in a knowledge-based sector and a traditional sector using appropriate methodology.

A jack-of-all-trades or a master of none: the performance effects of balancing exploration and exploitation within vs across alliance portfolio domains

2018 ◽  
Vol 24 (3) ◽  
pp. 569-587 ◽  
Author(s):  
Christopher R. Penney ◽  
James G. Combs ◽  
Nolan Gaffney ◽  
Jennifer C. Sexton
Keyword(s):  
Firm Performance ◽  
Value Chain ◽  
Fixed Effects ◽  
Empirical Work ◽  
Generalized Least Squares ◽  
Exploration And Exploitation ◽  
Specific Domain ◽  
Alliance Portfolio ◽  
Content Type ◽  
Alliance Portfolios

Purpose Theory predicts that balancing exploratory and exploitative learning (i.e., ambidexterity) across alliance portfolio domains (e.g. value chain function, governance modes) increases firm performance, whereas balance within domains decreases performance. Prior empirical work, however, only assessed balance/imbalance within and across two domains. The purpose of this study is to determine if theory generalizes beyond specific domain combinations. The authors investigated across multiple domains to determine whether alliance portfolios should be imbalanced toward exploration or exploitation within domains or balanced across domains. The authors also extended prior research by exploring whether the direction of imbalance matters. Current theory only advises managers to accept imbalance without helping with the choice between exploration and exploitation. Design/methodology/approach Hypotheses are tested using fixed-effects generalized least squares (GLS) regression analysis of a large 13-year panel sample of Fortune 500 firms from 1996 to 2008. Findings With respect to the balance between exploration and exploitation within each of the five domains investigated, imbalanced alliance portfolios had higher firm performance. No evidence was found that balance across domains relates to performance. Instead, for four of the five domains, imbalance toward exploration related positively to firm performance. Originality/value An alliance portfolio that allows for exploration in some domains and exploitation in other domains appears more difficult to implement than prior theory suggests. Firms benefit mostly from using the alliance portfolio for exploratory learning.

Creating Business Opportunities Based on Use of Electronic Knowledge Business Models

2010 ◽  
pp. 370-379
Author(s):  
Tsung-Yi Chen ◽  
Yuh-Min Chen
Keyword(s):  
Electronic Commerce ◽  
Strategic Alliances ◽  
Business Models ◽  
Transfer Of Knowledge ◽  
Knowledge Based ◽  
New Business ◽  
Intellectual Assets ◽  
Business Entities ◽  
Innovation Economy ◽  
Enterprise Success

The advent of the innovation economy has transformed knowledge into the most valuable corporate asset and a key driver of product and service innovation. Therefore, the determinants of enterprise success have shifted from external factors, such as market and competitive factors, to internal factors, such as dynamic innovation capability, based on enterprise core competences and knowledge. Knowledge-based enterprises can convert intellectual assets (IA) into currency via commercial methods such as sales, licensing, joint ventures, strategic alliances, mergers, new business entities and donations (Skyrme, 2001; Sullivan, 2000; Wang et al., 2009). Trading and sharing of knowledge with other enterprises can be more beneficial than using knowledge internally. Electronic commerce (e-commerce) supports on-line functions such as transmission, trading and making payments for products and services. Moreover, electronic commerce- based knowledge commerce (k-commerce) denotes real-time marketing and the delivery of existing organizational knowledge via the Internet to enable the legal and rapid transfer of knowledge from owners to consumers.

scholarly journals Sequential Alliance Portfolios, Partner Reconfiguration and Firm Performance

2019 ◽  
Vol 11 (21) ◽  
pp. 5904
Author(s):  
Jie Liang ◽  
Peng Shao
Keyword(s):  
Sustainable Development ◽  
Firm Performance ◽  
Moderating Effect ◽  
Practical Significance ◽  
Tie Strength ◽  
Alliance Portfolio ◽  
Empirical Results ◽  
Using Data ◽  
Alliance Portfolios

This study develops multi-dimensional partner reconfiguration strategies and addresses how they affect firm performance in a series of alliance portfolios by applying the dynamic sustainable perspective. Using data collected from 565 fund product alliance portfolios initiated by 61 Chinese fund firms during a five-year period from 2007 to 2011, the empirical results indicate that both dropping active partners and adding new ones will reduce firm performance. By contrast, reintroducing previous partners will increase firm performance. The average tie strength of the last alliance portfolio moderates the influences of partner reconfigurations on firm performance. Specifically, it negatively moderates the effect of dropping active partners and positively moderates the effect of adding new partners. However, its moderating effect on the influence of reintroducing previous partners is insignificant. These findings have positive theoretical and practical significance for firms pursuing sustainable development by clarifying when and how partner reconfiguration strategies influence firm performance.

Alliance management capability: the roles of alliance control and strength of ties

2015 ◽  
Vol 53 (10) ◽  
pp. 2250-2267 ◽  
Author(s):  
Olivier Mamavi ◽  
Olivier Meier ◽  
Romain Zerbib
Keyword(s):  
Strategic Alliances ◽  
Public Procurement ◽  
Effective Means ◽  
Structural Equations ◽  
Weak Ties ◽  
Strong Ties ◽  
Content Type ◽  
Alliance Management ◽  
Trade Offs ◽  
The Impact

Purpose – Strategic alliances have a low success rate despite the profusion of literature on this topic in the last 20 years. To understand the factors that determine performance of partnership relations, the purpose of this paper is to study the roles of control and the strength of interorganizational ties in businesses ability to manage strategic alliances. Design/methodology/approach – The authors have examined 10,377 partnership relations formed as part of strategic alliances to analyze the capacity of a business to manage its alliances. The authors built a structural equations model (PLS) based on observation of 4,242 alliances. Findings – This research identifies two determinants of the success of alliance management. First, the impact of weak ties and strong ties is identical when the business does not control the alliance. Second, weak ties are a more effective means than strong ties when a business controls the alliance. Originality/value – The main contribution of this study thus lies in our analysis of interorganizational relations and of their tangible impact on strategic trade-offs. The field of public procurement is particularly well-suited to evaluating this phenomenon, given the subtlety of alliances at play.

A Jack of All Trades Is a Master of None: The Nexus of Firm-specific Human Capital, Ambidexterity, Productivity and Firm Performance

2020 ◽  
pp. 232209372097001
Author(s):  
Navaneethakrishnan Kengatharan
Keyword(s):  
Human Capital ◽  
Firm Performance ◽  
Theory Of The Firm ◽  
Capital Theory ◽  
Knowledge Based ◽  
Subsequent Effect ◽  
Time Lagged ◽  
A Chain ◽  
Specific Human Capital ◽  
The Impact

Drawing on the knowledge-based theory of the firm and organisational learning theory, the present study chiefly examines the impact of firm-specific human capital on organisational ambidexterity and the subsequent effect of organisational ambidexterity on productivity by integrating human capital theory with the theory of transaction cost. The data were garnered from 197 managers in Sri Lanka with self-reported questionnaires in a time-lagged approach. The results disclose strong significant relationships between the variables investigated: a chain of positive relationships between firm-specific human capital and organisational ambidexterity, organisational ambidexterity and productivity, and productivity and firm performance; and mediated relationships between firm-specific human capital and productivity through organisational ambidexterity, and between organisational ambidexterity and firm performance via productivity. The findings of the study push back the frontiers of human resource management literature in many ways. Notably, managers should be cognizant of the effects of firm-specific human capital, organisational ambidexterity, and productivity on firm performance.

Alliance Portfolios: A Review and Research Agenda

2008 ◽  
Vol 36 (1) ◽  
pp. 141-171 ◽  
Author(s):  
Ulrich Wassmer
Keyword(s):  
Strategic Alliances ◽  
Research Agenda ◽  
Alliance Portfolio ◽  
Research Areas ◽  
Research Questions ◽  
Present Understanding ◽  
Alliance Portfolios

The engagement of firms in multiple simultaneous strategic alliances with different partners has become a ubiquitous phenomenon in today’s business landscape. This article offers a review of the extant alliance portfolio literature and organizes it around three key research areas: (a) the emergence of alliance portfolios, (b) the configuration of alliance portfolios, and (c) the management of alliance portfolios. The article also highlights existing gaps in the present understanding of alliance portfolios and outlines a research agenda by identifying key research questions and issues in the areas where further research is needed.

Creating the ideal alliance portfolio

2017 ◽  
Vol 33 (9) ◽  
pp. 10-12
Keyword(s):  
Strategic Alliances ◽  
Design Methodology ◽  
Strategic Positioning ◽  
Alliance Portfolio ◽  
Content Type ◽  
Pertinent Information ◽  
Portfolio Size ◽  
The Impact ◽  
Practical Implications ◽  
The Ideal

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Building strategic alliances enables firms to access additional capabilities that can help them achieve and sustain a competitive advantage over rivals. However, the prospects of success also depend on other factors. Portfolio size is significant as is the nature of alliances formed. Their involvement with research and development (R&D) is an example. The impact of a portfolio of strategic alliances on an organization’s performance can be significantly shaped by the strategic positioning that it has chosen to adopt. Practical implications The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

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