The Strategic Approaches for a New Typology of Firm Patent Portfolios

2016 ◽  
Vol 13 (02) ◽  
pp. 1650012 ◽  
Author(s):  
Qin Yang ◽  
Marcel C. Minutolo
Keyword(s):  
Competitive Advantage ◽  
Economic Value ◽  
Dynamic Environments ◽  
Superior Performance ◽  
Uncertain Environments ◽  
Firm Level ◽  
Technological Diversification ◽  
True Values ◽  
Patent Portfolios

Patents play an important role for companies to achieve competitive advantage. There is an increased recognition of the importance of patent portfolios as a key to achieve competitive advantage as opposed to any one patent. Hence, some researchers suggest that the true values of patents lie in the aggregation of some related patents rather than their individual worth. In addition, as firms increase their technological diversification so too do their patent portfolios. On the basis of portfolio theory, we build a typology of four types of patent portfolios characterized on the dimensions of technology coherence and synergistic economic value: black, cloud, star and constellation portfolios. Then, according to the characteristics of each type of portfolio, we propose that different strategic approaches should be applied to manage them to achieve superior performance. Further, we suggest that different types of patent portfolios have different effects on firms’ long-term and short-term performances in dynamic environments. Our paper enriches our understanding of the role that patent portfolios play to achieve superior firm performance by linking the management of firm-level resources to value creation in uncertain environments; and also provides important insights into future trends in the patent portfolios strategy in dynamic environments.

The Effects of Outsourcing in Logistics Services to Competitive Advantage

2016 ◽  
Vol 1 (4) ◽  
pp. 233 ◽  
Author(s):  
Mert KILIÇ ◽  
Ayşe GÜNSEL ◽  
Hülya GÜNDÜZ ÇEKMECELİOĞLU
Keyword(s):  
Competitive Advantage ◽  
Superior Performance ◽  
Fixed Costs ◽  
Manufacturing Companies ◽  
Structured Interviews ◽  
The Past ◽  
Logistics Services

As the competitive business landscape has dramatically changed in the past ten to fifteen years, firms have to face the fact that they should take the necessary steps to decrease the fixed costs and increase the quality for the long-term success and survival. Accordingly, the logistics in general, for the manufacturing companies in particular, becomes more and more important. Numerous companies, providing outsource services such as logistics, have emerged to answer this growing demand. Accordingly, in this study, we aim to reveal the effects of Outsourcing In Logistics Services (OILS) on firm competitiveness and success through Semi-structured interviews conducted on the logistics managers of 7 companies. The findings mainly demonstrate that; i) Companies attach a great deal of importance on OILS and ii) OILS contribute obtaining and sustaining competitive advantage which ultimately results in superior performance.

Knowledge Assets and Value Creation Dynamics

2011 ◽  
pp. 30-49
Author(s):  
Karim Moustaghfir ◽  
Giovanni Schiuma
Keyword(s):  
Competitive Advantage ◽  
Value Creation ◽  
Superior Performance ◽  
Sustainable Competitive Advantage ◽  
Knowledge Assets ◽  
Product Cycles ◽  
Continuous Innovation ◽  
Organisational Capabilities ◽  
Strategic Resources

Today’s business landscape is increasingly complex and turbulent, forcing firms to develop their capabilities in order to be able to face macro-forces such as globalization, hyper-competition, reduced product cycles and continuous innovation. In such a competitive scenario, firms have to identify and manage the crucial resources and sources for competitive advantage. The management literature has identified knowledge assets as critical drivers of performance and value creation. However, the understanding of how these strategic resources contribute to shape the organisational value creation dynamics still remains a concern to be fully disclosed. Especially the dynamic nature of knowledge assets and how they contribute to firm performance need to be clarified. This chapter, on the basis of a systematic literature review, aims to define a theoretical framework to explain how knowledge asset define the pillars to shape organisational capabilities and provide firms with a sustainable competitive advantage and long-term superior performance.

The Authenticity Paradox: Why the Returns to Authenticity on Audience Appeal Decrease in Popularity and Iconicity

2020 ◽  
pp. 014920632095041
Author(s):  
J. Cameron Verhaal ◽  
Stanislav D. Dobrev
Keyword(s):  
Social Construction ◽  
Boundary Conditions ◽  
Competitive Advantage ◽  
Social Dynamics ◽  
Economic Value ◽  
Firm Level ◽  
Craft Beer ◽  
Audience Appeal ◽  
The Social ◽  
The U.S

A great deal of research has argued for authenticity as a key firm-level attribute and source of competitive advantage. But we know very little about the boundary conditions related to organizational authenticity. In order to address this, we develop a theory of the social construction of authenticity, how it affects the appeal of a producer’s offerings, and how the market success of these offerings affects the returns to authenticity. We propose that there are two mechanisms, in addition to authenticity, that can drive audience appeal: popularity and iconicity. But increases in both popularity and iconicity also challenge some of the underlying tenets of what the audience considers authentic, namely, intrinsic motivation and the pursuit of social, rather than economic, value. The authenticity paradox, then, is that even as the appeal of authentic offerings increases, their popularity and iconicity diminish the returns to authenticity. We find support for these ideas in the context of the U.S. market for craft beer and discuss the implications of our theory for authenticity research and for the broader market and social dynamics in craft industries.

ACHIEVING SUPERIOR INTERNATIONALIZATION THROUGH STRATEGIC AMBIDEXTERITY

2007 ◽  
Vol 15 (01) ◽  
pp. 43-77 ◽  
Author(s):  
MARY HAN
Keyword(s):  
Multinational Enterprise ◽  
Field Research ◽  
New Venture ◽  
Superior Performance ◽  
International New Venture ◽  
Short Term ◽  
Firm Level ◽  
Optimal Approach ◽  
Level Performance

In this paper, I examine the optimal approach to internationalization. Drawing from the ambidexterity literature, I build on the concept of structural ambidexterity and suggest that the optimal approach occurs when firms pursue 'strategic ambidexterity,' which is characterized by simultaneously executing paradoxical strategies of pro-profit and pro-growth. I examine this approach through empirical study based on in-depth field research of two cases: Merrill Lynch, a multinational enterprise and Comdirect Bank, an international new venture. I find that a) firms that pursue strategic ambidexterity in their internationalization effort achieve above-average internationalization performance in the short term; and b) firms that pursue strategic ambidexterity in their internationalization effort also achieve above-average firm-level performance in the long term. I conclude that strategic ambidexterity is the optimal strategy by which to achieve superior performance.

scholarly journals FIRM COMPETITIVENESS OF MANUFACTURING INDUSTRY

2020 ◽  
Vol 18 (Suppl.1) ◽  
pp. 422-429
Author(s):  
D. Doncheva
Keyword(s):  
Competitive Advantage ◽  
Manufacturing Industry ◽  
Manufacturing Sector ◽  
Objective Assessment ◽  
International Markets ◽  
Long Term Results ◽  
Firm Level ◽  
Effective Strategies ◽  
Related Method

The study of firm competitiveness allows to make an objective assessment of the economic results and the possibilities for increasing the level of competitiveness by highlighting the sources of competitive advantage of the respective company in the conditions of expanding competition in the domestic and international markets. This will allow for effective strategies to be developed and will reveal new opportunities for good long-term results. The aim of the paper is to apply a firm-level competitiveness approach and model for the Manufacturing sector identifying the main sources of competitive advantage that determine it. Biserial Correlation and Optimal Binning are used as a related method in this study for assessing firm competitiveness.

Maintaining Alignment over the Long-Term: Lessons from the Evolution of an Electronic Point of Sale System

2005 ◽  
Vol 20 (3) ◽  
pp. 141-151 ◽  
Author(s):  
David Boddy ◽  
Robert Paton
Keyword(s):  
Information Systems ◽  
Competitive Advantage ◽  
Dynamic Environments ◽  
Dynamic Nature ◽  
Point Of Sale ◽  
Sustained Competitive Advantage ◽  
Management Processes ◽  
Core Capabilities ◽  
A Company

Research in both the organizational and information systems areas suggests that aligning information systems and dimensions of the organization improves performance. However, the dynamic nature of both information systems and organizations makes a close alignment more an aspiration than a state. This paper examines alignment from the perspective of the management processes through which companies may achieve and sustain alignment in dynamic environments. In so doing they may also develop core capabilities in managing IS innovation, which enable sustained competitive advantage. The paper traces the evolution of alignment in a company that used information systems to develop the business in new strategic directions, and shows how semi-structures contributed to this.

CONCEPTUALIZING THE CO-CREATION OF COMPETITIVE ADVANTAGE IN TECHNOLOGY-INTENSIVE B2B MARKETS: AGENT-BASED MODELING APPROACH

2013 ◽  
Vol 17 (03) ◽  
pp. 1340008 ◽  
Author(s):  
MARKUS A. JÄÄSKELÄINEN ◽  
SAMULI KORTELAINEN ◽  
JUHA J. HINKKANEN
Keyword(s):  
Competitive Advantage ◽  
Agent Based Modeling ◽  
Short Term ◽  
Firm Level ◽  
Agent Based ◽  
Profit Distribution ◽  
Academic Literature ◽  
Cooperation Partners ◽  
Term Management

The importance and challenges of supplier–customer cooperation has been widely recognized in the academic literature but the dynamics of such relationship remain understudied. We do not yet fully understand how customer–supplier relationship should be pursued in order to co-create mutual competitive advantage. Our simulation results show that there are differences in absolute profitability and profit distribution between cooperation partners when moving from individual firm-level management to holistic system-based management. We further find that if the supplier manages cooperation from individualistic perspective it is able to achieve the highest short-term profits by sacrificing the profitability of its customer. However, when the supplier acknowledges the profitability logic of its customer, the long-term overall profitability of the cooperation as a whole, i. e., the system, becomes significantly higher than with opportunistic individually-oriented (short-term) management. In described cases, it is actually profitable for the supplier to limit the distribution of its unique resources (e. g., technology).

Context-Driven Proactive Decision Support for Hybrid Teams

AI Magazine ◽  
2019 ◽  
Vol 40 (3) ◽  
pp. 41-57
Author(s):  
Manisha Mishra ◽  
Pujitha Mannaru ◽  
David Sidoti ◽  
Adam Bienkowski ◽  
Lingyi Zhang ◽  
...  
Keyword(s):  
Decision Support ◽  
Situational Awareness ◽  
Feature Space ◽  
Human Interaction ◽  
Superior Performance ◽  
Uncertain Environments ◽  
Cognitive States ◽  
Contextual Elements ◽  
Human Operators ◽  
Smart Machine

A synergy between AI and the Internet of Things (IoT) will significantly improve sense-making, situational awareness, proactivity, and collaboration. However, the key challenge is to identify the underlying context within which humans interact with smart machines. Knowledge of the context facilitates proactive allocation among members of a human–smart machine (agent) collective that balances auto­nomy with human interaction, without displacing humans from their supervisory role of ensuring that the system goals are achievable. In this article, we address four research questions as a means of advancing toward proactive autonomy: how to represent the interdependencies among the key elements of a hybrid team; how to rapidly identify and characterize critical contextual elements that require adaptation over time; how to allocate system tasks among machines and agents for superior performance; and how to enhance the performance of machine counterparts to provide intelligent and proactive courses of action while considering the cognitive states of human operators. The answers to these four questions help us to illustrate the integration of AI and IoT applied to the maritime domain, where we define context as an evolving multidimensional feature space for heterogeneous search, routing, and resource allocation in uncertain environments via proactive decision support systems.

Measuring Long Term Superior Performance: Or How to Compare Apples with Oranges

2008 ◽  
Author(s):  
George S. Yip ◽  
Timothy M. Devinney ◽  
Gerry Johnson
Keyword(s):  
Superior Performance

scholarly journals Imitated Whole Tree Harvesting Show Negligible Effect on Economic Value of Spruce Stands

Forests ◽  
2021 ◽  
Vol 12 (7) ◽  
pp. 841
Author(s):  
Iveta Desaine ◽  
Annija Kārkliņa ◽  
Roberts Matisons ◽  
Anna Pastare ◽  
Andis Adamovičs ◽  
...  
Keyword(s):  
Norway Spruce ◽  
Economic Value ◽  
Forest Types ◽  
Spruce Stands ◽  
The Difference ◽  
Growing Conditions ◽  
Whole Tree Harvesting ◽  
Whole Tree ◽  
Tree Harvesting

The increased removal of forest-derived biomass with whole-tree harvesting (WTH) has raised concerns about the long-term productivity and sustainability of forest ecosystems. If true, this effect needs to be factored in the assessment of long-term feasibility to implement such a drastic forest management measure. Therefore, the economic performance of five experimental plantations in three different forest types, where in 1971 simulated WTH event occurred, was compared with pure, planted and conventionally managed (CH) Norway spruce stands of similar age and growing conditions. Potential incomes of CH and WTH stands were based on timber prices for period 2014–2020. However, regarding the economics of root and stump biomass utilization, they were not included in the estimates. In any given price level, the difference of internal rate of return between the forest types and selected managements were from 2.5% to 6.2%. Therefore, Norway spruce stands demonstrate good potential of independence regardless of stump removal at the previous rotation.

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