Turning disruption into growth opportunity: the red team strategy

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sunny Li Sun ◽  
Yanli Zhang ◽  
Zhu Zhu
Keyword(s):  
Design Methodology ◽  
Teaching Experience ◽  
Content Type ◽  
Business Executives ◽  
Team Culture ◽  
Growth Opportunity ◽  
Organizational Inertia ◽  
Business Cases ◽  
Key Steps ◽  
Practical Implications

Purpose The purpose of this paper is to propose a broadened and integrated red team strategy with concrete steps to help companies better deal with the disruptive forces prevalent in the world today and turn disruptions into growth. Design/methodology/approach This paper synthesizes and builds on previous research and relevant business cases accumulated through our research and executive teaching experience. The authors offer a broadened and integrated red team strategy with practical guidance for business executives Findings The authors provide four key steps to help companies implement the red team strategy: create a red team culture and encourage diverse perspectives; establish an independent red team to overcome organizational inertia; use the red team to embrace disruption and growth opportunities; and take a milestone approach to red team execution and resource allocation. Research limitations/implications More research on red team strategy is needed to delve into the underlying factors and delineate the boundary conditions for specific details in this strategy and implementation. Practical implications The red team strategy provides concrete steps to help companies in their efforts to adapt to and capitalize on disruptive forces. Originality/value The red team strategy extends the concept and application of red teams and integrates previously fragmented ideas and practices into a systematic model with simple steps, which make it easier for companies to cope with disruption.

Fostering interpersonal trust as a norm in organizations: five key starting points

2015 ◽  
Vol 29 (4) ◽  
pp. 10-13
Author(s):  
Ron Portis
Keyword(s):  
Social Interaction ◽  
Organizational Learning ◽  
Knowledge Sharing ◽  
Design Methodology ◽  
Interpersonal Trust ◽  
Organizational Trust ◽  
Bottom Line ◽  
Content Type ◽  
Key Steps ◽  
Practical Implications

Purpose – The purpose of this paper is to suggest ways that organizations can foster “interpersonal trust”. The author explores how the implementation of specific strategies can be used to “contextually cue” or “signal” the formation of interpersonal trust. Design/methodology/approach – The author reviews two seeming disparate streams of literature: interpersonal trust and the psychology of habit formation. The author shows how the use of “contextual cuing” can be used to create dispositions of trust and how that trust can become an organizational norm, expectation or habit. Findings – The author identifies five key steps that can be used to foster interpersonal trust. Practical implications – Organizational commitment, knowledge sharing and collaboration and organizational learning have all been shown to have significant impacts on the organization’s bottom line. Given the demonstrable importance of “trust” then must ask, “what can organizations do to more effectively foster interpersonal trust?” The author identifies five key steps that can be used to foster interpersonal trust. Social implications – Where there are two or more persons, there is “social interaction”. And, for that interaction to be civil, positive or productive, trust is required. Originality/value – There is an abundance of literature regarding the importance of interpersonal trust, organizational trust and their implications. Yet, there is very little that speaks to the operationalization of the concepts with specific and targeted strategies. The author proposes five possible strategies.

French resistance

2017 ◽  
Vol 33 (10) ◽  
pp. 17-19
Keyword(s):  
Case Studies ◽  
Design Methodology ◽  
Reading Time ◽  
Corporate Strategy ◽  
Cutting Edge ◽  
Content Type ◽  
Business Executives ◽  
Pertinent Information ◽  
Practical Implications ◽  
French Resistance

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 For those interested in corporate strategy and how successful companies do things, there is of course a myriad of journals, magazines, and other media with which to sate our appetite in the pursuit of some nugget of information that may help us succeed. That special slice of insight that we can apply to our own roles enables us to make a difference. But these articles or videos often lack one ingredient that, on reflection, is really quite important to any message they have for us as business executives. 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.

Doing good does not preclude doing well: corporate responsibility and financial performance

2018 ◽  
Vol 14 (4) ◽  
pp. 764-781 ◽  
Author(s):  
Jegoo Lee ◽  
Samuel B. Graves ◽  
Sandra Waddock
Keyword(s):  
Financial Performance ◽  
Corporate Responsibility ◽  
Design Methodology ◽  
Supply And Demand ◽  
Firm Level ◽  
Data Set ◽  
Content Type ◽  
Windows Of Opportunity ◽  
Business Cases ◽  
Practical Implications

Purpose This paper aims to propose and test a modified interpretation of long-standing issues on the corporate responsibility (CR)–corporate financial performance (CFP) relationship: companies involved in CR are in general no better and no worse in their level of financial performance than companies without such engagement because of the trade-off between benefit and cost at firm level and imbalance between supply and demand at industry (market) level. Design/methodology/approach The authors apply this frame to a data set with more than 12,000 observations over a 14-year period, using confidence intervals, as a useful and statistically valid approach for testing the null hypothesis. Findings The present study’s findings support neutrality between CR and CFP at the firm and industry levels, implying that a firm’s CR involvement neither penalizes nor improves its CFP. Research limitations/implications CR activities may provide windows of opportunity for companies but do not systematically improve financial performance. Practical implications “Doing good” is not a panacea for corporate achievement with respect to market-facing activities. For firms to succeed, instead, they need to create and implement their business cases and models by converting their involvement in CR activities into drivers for better outcomes because investments in CR practices do alone not guarantee improved financial performance. Originality/value The innovations in this study are twofold. Conceptually, this paper proposes a comprehensive approach for a neutral CR–CFP linkage. Empirically, it introduces a novel and appropriate method for testing neutrality. These will mark an important advance in the theoretical and empirical debates over CR and CFP.

scholarly journals Fiat-Chrysler deal: looking for a good returns from M & A

2015 ◽  
Vol 36 (4) ◽  
pp. 23-33 ◽  
Author(s):  
Bernardo Bertoldi ◽  
Chiara Giachino ◽  
Stefano Bernard ◽  
Virginia Prudenza
Keyword(s):  
Best Practices ◽  
Design Methodology ◽  
Public Information ◽  
Qualitative Approach ◽  
Lessons Learned ◽  
Content Type ◽  
Cross Border ◽  
Key Factor ◽  
Key Steps ◽  
Practical Implications

Purpose – The aim of this paper is to investigate the cross-border acquisition’s process through the Fiat-Chrysler case. Many automotive companies have considered cross-border mergers and acquisition (M & A) as a necessary step to face increasing competition and globalization, but only few of them were successful. In particular, some best practices in terms of lessons-learned are highlighted. Design/methodology/approach – The paper is based on the analysis of a cross-border acquisition: the qualitative approach allows authors to better understand all the dynamics, complexities and problems that characterize companies facing this process (Yin, 1984). Authors used public information, Internet sources and Fiat’s documents to gather all the necessary information. Findings – In a cross-border acquisition, compatibility and complementarity of products and markets are fundamentals, whereas unmanaged cultural differences, as well as misunderstanding of the real motivations, are a slow but deadly poison: integration and a clear common focus on the final target are key factor for success. Research limitations/implications – The investigation is limited to the strategy used by Fiat-Chrysler. If the authors’ suggestions can be confirmed or improved by using other case studies, guidelines could be very useful to companies dealing with M & A. Practical implications – The paper offers recommendations on how big companies can manage a cross-border acquisition, illustrates the key steps to be successful and tries to define the necessary elements for a successful M & A. Originality/value – The paper shows how two real multinational companies operating in the automotive sector have decided to become one entity; moreover, it highlights the fundamental steps of the process, giving to the management a good example of what must happen in reality.

The organisation as artist’s palette: arts-based interventions

2014 ◽  
Vol 35 (5) ◽  
pp. 31-37 ◽  
Author(s):  
Claudia Schnugg
Keyword(s):  
Design Methodology ◽  
Single Case ◽  
The Body ◽  
Management Tool ◽  
Basic Principles ◽  
Content Type ◽  
Business Executives ◽  
Business Perspective ◽  
Academic Area ◽  
Practical Implications

Purpose – The purpose of this paper is to focus on arts-based interventions as a management tool for personal, team and organisational development. How have management teams implemented art in their organisations, and toward what end? The literature has focused predominantly on a single case, creating many possibilities of constructing arts-based interventions. Yet, a typology is still missing. This paper examines various arts-based interventions and their underlying principles from a business perspective. Design/methodology/approach – The paper is based on a systematic review of the literature in English and German, with special consideration for articles and books within the field of business. Findings – The typology presented in this paper, based on a mapping of the field, should contribute to a more coherent understanding of arts-based interventions. My goal is to provide researchers with a more structured perspective for approaching this academic area. Furthermore, the findings suggest that over and above the various types of arts that can be introduced to organisations, there are three basic principles for the achievement of this goal. Research limitations/implications – This paper presents a mapping of the cases in literature on arts-based interventions and presents a coherent understanding of ways of bringing art into organisations. Practical implications – The three underlying principles presented in this paper should assist practitioners in designing arts-based interventions for specific problems. Originality/value – This paper provides assistance to consultants, business executives, leaders, managers, researchers and students for understanding the basics of arts-based interventions. Furthermore, it provides a structure for the body of literature on cases of arts-based interventions.

Criminal business model and the governance of seized and confiscated businesses

2016 ◽  
Vol 20 (4) ◽  
pp. 46-60
Author(s):  
Guglielmo Faldetta ◽  
Carmelo Provenzano
Keyword(s):  
Case Studies ◽  
Business Model ◽  
Design Methodology ◽  
Quantitative Methods ◽  
Governance Structure ◽  
Content Type ◽  
Criminal Organizations ◽  
Business Cases ◽  
Managerial Implications ◽  
Practical Implications

Purpose The main purpose of this paper is to analyze what happens to a business model when the governance of the focal organization changes, particularly when it has to re-shape its transactional network. Design/methodology/approach The paper reviews literature on governance structure of criminal organizations and uses two case studies to show two different approaches in re-shaping the business transactional network after the seizure from Mafia organization. Findings The paper finds three different approaches about governance structure in criminal organizations and describes what happens to a business model when the governance of the focal organization changes as is the case of the seizure and confiscation of Mafia businesses. The paper shows that when a judicial administrator is able to effectively build a new transactional network, the business he manages can survive and can also give good performance. Research limitations/implications The paper provides two business cases, but this is not enough to give empirical evidence; this could be provided through other case studies or through quantitative methods using surveys or data provided by the Italian courts. Practical implications The paper has some potential managerial implications, in particular for the judicial administrator. He should encourage the construction of a new transactional network, first analyzing the existing network, going deeply into the content and the motivators of the relationships with the stakeholders, and deciding if such relationships can be re-formulated or must be left. Originality/value The originality of the paper is that it analyzes criminal organizations using well-known approaches, applying them to the case of seized and confiscated business.

Product-centric halal business: a critique from an Islamic perspective

2020 ◽  
Vol 11 (6) ◽  
pp. 1707-1724
Author(s):  
Abu Saim Md. Shahabuddin ◽  
Mohd Edil Abd Sukor ◽  
Noor Hazarina Hashim
Keyword(s):  
Design Methodology ◽  
Business Owners ◽  
Eternal Life ◽  
Legal Responsibility ◽  
Content Type ◽  
Islamic Perspective ◽  
Business Cases ◽  
Business Enterprises ◽  
Friday Prayer ◽  
Practical Implications

Purpose The purpose of this paper is to explain the importance of the understanding of the halal business from an Islamic perspective. Business use of the Quranic and fiqhi word halal is now conspicuous because of the penetration of halal product ideas not only into the food products but also into the pharmaceutical, cosmetic, leisure and entertainment industries. Design/methodology/approach This paper evaluates the Islamic authenticity of the prevailing halal business initiatives. Toward this evaluation, explains the frame of reference and shows the Islamic ethical excellence of business enterprises. This framework is based on the Quranic injunctions and instructions regarding usury (riba), intoxicants (khamr), trade with mutual consent (taradim minkum) and trading during Friday prayer (Jumuah), which have direct or indirect implications for the management of business enterprises. Then, it describes and evaluates two cases, namely, halal chicken and Sharīʿah-compliant hotel. Materials for these cases are obtained through an internet blog and literature review. Findings The evaluation reveals that these halal business cases are overwhelmingly product-centric and they violate or neglect people’s rights. On the scale of ethics and social responsibility, while they largely maintain legal responsibility, moral and spiritual responsibilities hardly draw their attention. Hence, a need for a fundamental reorientation of halal business thought is suggested in the conclusion. Practical implications The findings may serve as a useful input for halal business owners in improving their practices to confirm with all moral and spiritual standards of Islamic business conduct, and not the only product. These standards have significant implications for equitable growth in a society and a blissful eternal life. Originality/value The topic of product-centric halal business has not been fully explored and understood by its stakeholders. This paper aims to give insights to an overwhelming trend toward equating halal products with the whole of the halal business.

scholarly journals Swearing at work: the mixed outcomes of profanity

2017 ◽  
Vol 32 (2) ◽  
pp. 149-162 ◽  
Author(s):  
Yehuda Baruch ◽  
Rea Prouska ◽  
Ariane Ollier-Malaterre ◽  
Jennifer Bunk
Keyword(s):  
Design Methodology ◽  
Qualitative Methodology ◽  
Positive Outcomes ◽  
Medical Doctors ◽  
Content Type ◽  
Business Executives ◽  
The Usa ◽  
The Individual ◽  
The Uk ◽  
Practical Implications

Purpose The purpose of this paper is to explore the use and misuse of swearing in the workplace. Design/methodology/approach Using a qualitative methodology, the authors interviewed 52 lawyers, medical doctors and business executives in the UK, France and the USA. Findings In contrast to much of the incivility and social norms literatures, the authors find that male and female business executives, lawyers and doctors of all ages admit to swearing. Further, swearing can lead to positive outcomes at the individual, interpersonal and group levels, including stress-relief, communication-enrichment and socialization-enhancement. Research limitations/implications An implication for future scholarship is that “thinking out of the box” when exploring emotion-related issues can lead to new insights. Practical implications Practical implications include reconsidering and tolerating incivility under certain conditions. Originality/value The authors identified a case in which a negative phenomenon reveals counter-intuitive yet insightful results.

Technological capability dynamics through cluster organizations

2020 ◽  
Vol 15 (4) ◽  
pp. 587-606
Author(s):  
Anna Maria Lis ◽  
Malgorzata Rozkwitalska
Keyword(s):  
Absorptive Capacity ◽  
Design Methodology ◽  
Initial Level ◽  
Technological Capability ◽  
Content Type ◽  
Technological Trajectories ◽  
Organizational Inertia ◽  
Practical Implications ◽  
Different Levels

PurposeThe purpose of the paper is to portrait how members of cluster organizations (COs) perceive the role of COs in enabling them to accumulate technological capability (TC) significant for their innovation.Design/methodology/approachThe authors report the findings from their qualitative study based on an analysis of four COs. The organizational inertia and absorptive capacity theories are the theoretical underpinning of the research.FindingsThe study shows that the dynamics of TC of the cluster companies included in the study sample relates to their initial level of TC and cluster cooperation. The companies with relatively low initial TC increase it through COs if the clusters offer comparatively high benefits. On the other hand, those COs' members that present relatively high initial TC advance it, provided that the external knowledge and other benefits they can absorb in their clusters are suited to their technological trajectories.Research limitations/implicationsThe research is preliminary in nature and portrays how firms with different levels of TC cooperate within COs and how this cooperation translates into TC improvements. The findings add to the state-of-the-art knowledge on the link between TC and absorptive capacity of companies involved in COs by depicting the role of COs in providing knowledge and other cluster benefits that help cluster companies to accumulate TC and improve their absorptive capacity. Nevertheless, the applied methodology does not allow the authors to generalize the findings.Practical implicationsThe coordinators of COs should skillfully shape the levels of cluster cooperation, matching them to the desired level of the cluster companies. They should create smaller subgroups composed of companies with similar TC, which may translate into its higher dynamic.Originality/valueThe knowledge about the role of COs in providing cluster benefits that help cluster companies to accumulate TC and improve their absorptive capacity is still insufficient. The study shed new light on the key role of the levels of cluster cooperation and the types of commitment related to them (i.e. technological effort), which may be a matter of importance in the dynamics of TC accumulation.

Utilization of Olympic Stadiums: a conceptual stadium legacy framework

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Holger Preuss ◽  
Anke Plambeck
Keyword(s):  
Design Methodology ◽  
Extensive Literature ◽  
City Marketing ◽  
Cost Overruns ◽  
Content Type ◽  
Four Dimensions ◽  
Business Cases ◽  
The Media ◽  
Development Support ◽  
Practical Implications

PurposeOlympic Stadiums are expensive and large constructions. The media often report on cost overruns based on the extravagant appearance of an Olympic Stadium and the lack of its postgames utilization. The aim of this paper is to provide a conceptual stadium legacy framework consisting of four dimensions and twelve functions that an Olympic Stadium can potentially have.Design/methodology/approachThese were identified by an extensive literature research and an analysis of the findings. Additionally, we collected available data on the specific Olympic Stadiums under review (1984–2016).FindingsThe utilization of Olympic Stadiums varies greatly from city to city. However, 12 functions can be observed as being valid for Olympic Stadiums. The dimensions with its functions are interpreted by the positive/negative values which Olympic Stadiums can have for particular stakeholders. The benefits can be local, regional, national or international. The framework also delivers interconnections of the functions and shows how they interlock and how they can potentially boost the benefits.Practical implicationsFuture bid cities that consider constructing a large stadium can plan their stadium legacy by developing business cases based on the 12 functions developed in this paper. This offers a direct link to marketing, as iconic stadiums and urban development support city marketing.Originality/valueTo date, the complexity of functions and their interconnections, as well as their potential values, have not been examined. Thus, many (media) critiques oversee the benefits an Olympic Stadium can have besides its proper sport utilization.

Sign in / Sign up

Export Citation Format

Share Document