scholarly journals Investigating the Joint Effects of Strategy, Environment and Control Structure on Performance

2011 ◽  
Vol 13 (3) ◽  
pp. 249
Author(s):  
Lindawati Gani ◽  
Johnny Jermias
Keyword(s):  
Value Creation ◽  
Cost Efficiency ◽  
Business Strategy ◽  
Joint Venture ◽  
Control Structure ◽  
Manufacturing Firms ◽  
Competitive Environment ◽  
Entry Barriers ◽  
Publicly Traded ◽  
And Control

The purpose of this study is to investigate the effects of misfit between competitive environment, business strategy and control structure on performance. We argue that the misfit between competitive environment, business strategy and control structure has significant negative implications on shareholder value creation associated with firms’ Joint Venture formation. Based on data of publicly-traded US manufacturing firms that announce a joint venture formation, we found that firms that have perfect fit are valued higher than those with both strategy and structural misfits and also those with structural misfit. Contradictory results were found when comparing firms with perfect fit with those that have strategy misfit. Further analyses indicate that all those strategy misfit firms operate in high entry barriers, where firms can compete effectively using either innovation or cost efficiency strategy due to the fact that they possess resources that are difficult to be imitated by their competitors.     

The prisoner's dilemma: gaming risk in joint venture gas arrangements

2018 ◽  
Vol 58 (2) ◽  
pp. 574
Author(s):  
Sarah A. McAlister-Smiley ◽  
Joanna M. Spanjaard
Keyword(s):  
Game Theory ◽  
Business Strategy ◽  
Prisoner's Dilemma ◽  
Joint Venture ◽  
Prisoner’S Dilemma ◽  
Optimal Decision ◽  
Gas Industry ◽  
Project Participant ◽  
Optimal Decision Making ◽  
And Control

This paper explores the concept of gaming risk in joint venture gas agreements. It uses examples from the Queensland coal seam gas to liquefied natural gas projects to explore the objectives and risks from the perspective of various joint venture players. It considers the relative positions of joint venture parties: operator/non-operator, differing upstream and downstream operators, project participant/gas customer and majority/minority stakeholder. It also focuses on key risks from the relative perspective of each participant and how the joint venture construct can be used to obtain an optimal outcome for all parties. Where residual risk remains, this paper discusses how it can be managed through effective governance and control frameworks. The concept of game theory is usually espoused as a theoretical example of the prisoner’s dilemma. In the dilemma, each suspect can avoid a jail term if they squeal on their accomplice and the other stays silent. If, however, both suspects remain silent they both serve a minimum sentence. Readers may also be familiar with the phrases ‘win-win’ and ‘suspending self-interest’. Game theory has many applications – from business strategy to politics to war simulations. It has even been used to analyse the Brexit outcome. The gas industry is no exception. We have seen a plethora of joint venture arrangements in the gas industry, attempting to achieve optimal decision making while addressing the differing appetites for the amount and type of risks of the joint venture parties.

Intellectual Capital: Who Counts, Controls?

2004 ◽  
Vol 4 (1) ◽  
pp. 1-23 ◽  
Author(s):  
Robin Roslender ◽  
Robin Fincham
Keyword(s):  
Intellectual Capital ◽  
Value Creation ◽  
Business Strategy ◽  
Research Agenda ◽  
Effective Means ◽  
Management Research ◽  
Successful Management

Intellectual capital and related topics including intangibles, innovation, and knowledge have rapidly climbed the management research agenda. Their significance lies in the contribution these assets make to sustained value creation, a central mantra within contemporary business strategy. A premium has been placed on the successful management of such assets, and within this program, the accountancy profession has found itself challenged to devise effective means of counting and controlling them. Driven by a distinctly managerial agenda, the majority of developments within intellectual capital accounting to date have exhibited the negative characteristics that critical accounting researchers associate with the extension of the prevailing accounting calculus into new fields. Nevertheless, in some recent contributions there are indications of how an alternative, more progressive approach, that of intellectual capital self-accounts, might be fashioned. As a consequence, the emergence of intellectual capital may yet provide an opportunity to return to the task of accounting for labor. This aspect of the critical accounting project has become less evident as researchers seeking to promote enabling accounting have directed their focus on a range of “other voices” to be encouraged to tell their own stories “from below.”

Application of LabVIEW in Flame Cutter NC System

2008 ◽  
Vol 392-394 ◽  
pp. 121-124 ◽  
Author(s):  
Hong Yun Wang ◽  
G.F. Guo ◽  
Y.X. Li ◽  
Xi Lin Zhu
Keyword(s):  
Data Processing ◽  
Control Structure ◽  
Software Platform ◽  
Nc System ◽  
The Usa ◽  
Nc Machine ◽  
And Control

In this paper, a system was introduced, which bases on Flame Cutter NC System and software platform of LabVIEW which the USA NI company developed. Composing of NC machine, partition of modules and assignments, functions confirming, data processing of machining and control, structure of software by the numbers and realization method of two CPUs. The system makes use of multitasking of LabVIEW to make the programmer realize easily the task, which is difficulty to acquire in in tradition programme. It is a kind of comparatively convenient and swift thinking to realize system interface and multitasking by the platform of LabVIEW.

Ownership and Control Structure, Corporate Governance and Income Smoothing in Brazil

2010 ◽  
Author(s):  
Damiana Torres ◽  
Adriano Leal Bruni ◽  
Antonio Lopo Martinez ◽  
Miguel Angel Rivera
Keyword(s):  
Corporate Governance ◽  
Control Structure ◽  
Income Smoothing ◽  
And Control

Strategies and Outcomes in the Two Sectors of the Japanese Shipbuilding Industry

2001 ◽  
Vol 17 (03) ◽  
pp. 174-182
Author(s):  
Philip C. Koenig ◽  
Hitoshi Narita ◽  
Koichi Baba
Keyword(s):  
Business Strategy ◽  
Technological Development ◽  
Competitive Environment ◽  
Corporate Structure ◽  
Shipbuilding Industry ◽  
Second Tier ◽  
Two Sectors

The Japanese ocean-going shipbuilding industry has evolved into two distinct sectors and today's second tier or medium-sized firms build close to half the nation's output of large ocean-going vessels. Many vessels recently delivered by the major and the medium-sized shipbuilders are of similar size and complexity. However, the medium-sized shipbuilding companies of Japan differ considerably from the majors in business strategy and corporate structure. To date, studies published in English on the Japanese shipbuilding industry have focused mainly on the seven major firms. In this paper Japan's medium-sized shipbuilders are introduced. Their competitive environment, operations, and strategies are compared with those of the seven major firms. The relative strengths and weaknesses of the major and medium-sized shipbuilders are considered and the role of technological development in the long-term prospects of both is discussed.

How does reverse factoring affect operating performance? An event study of Chinese manufacturing firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Yongyi Shou ◽  
Jinan Shao ◽  
Weijiao Wang
Keyword(s):  
Event Study ◽  
Cost Efficiency ◽  
Operating Performance ◽  
Manufacturing Firms ◽  
Content Type ◽  
Performance Effect ◽  
Study Results ◽  
Operating Margin ◽  
The Impact ◽  
The Relationship

PurposeAs a popular supply chain finance (SCF) strategy, reverse factoring has been widely adopted by buyer firms. However, the extant literature provides scant empirical evidence on the performance effect of reverse factoring. The purpose of this study is to seek to narrow this gap by empirically examining the relationship between reverse factoring and operating performance and the contingency conditions of this relationship.Design/methodology/approachBased on a sample of 167 announcements of reverse factoring implementation made by publicly listed Chinese manufacturing firms between 2014 and 2018, this paper employs a long-term event study approach to analyze the operating performance effect of reverse factoring as well as the moderating effects of production and innovation capabilities.FindingsThe event study results indicate that reverse factoring has a positive effect on buyer firms' operating performance in terms of cost efficiency and operating margin. In addition, both production and innovation capabilities positively moderate the relationship between reverse factoring and operating margin. However, neither of them moderates the relationship between reverse factoring and cost efficiency.Originality/valueThis is the first study that empirically examines the impact of reverse factoring on operating performance based on secondary data. Furthermore, it sheds light on the SCF literature by providing insights into the contingency effects of production and innovation capabilities, which also extends our understanding of the application of extended resource-based view in SCF research.

Collaborative Communication in Interfirm Relationships: Moderating Effects of Integration and Control

1996 ◽  
Vol 60 (3) ◽  
pp. 103-115 ◽  
Author(s):  
Jakki J. Mohr ◽  
Robert J. Fisher ◽  
John R. Nevin
Keyword(s):  
Control Structure ◽  
National Sample ◽  
Interfirm Relationships ◽  
Mutual Support ◽  
Moderating Effects ◽  
Collaborative Communication ◽  
Exchange Relationships ◽  
Governance Strategies ◽  
And Control ◽  
Levels Of Integration

Governance strategies, such as integration or control, structure and regulate the conduct of parties in exchange relationships; as such, they serve to constrain the latitude of the decision making of channel partners. Similarly, collaborative communication can be used to create an atmosphere of mutual support, thereby creating volitional compliance between partners. The authors develop a model that addresses the interrelationships of governance and communication and examine the effects of collaborative communication on channel outcomes (the dealer's perceptions of commitment to, satisfaction with, and coordination of activities with a focal manufacturer) across various levels of integration and control. Based on survey data collected from a national sample of computer dealers, the findings indicate that when levels of integration or manufacturer control are high, the effect of collaborative communication on outcomes is weaker than when integration or control is low.

Ownership and Control Structure of Brazilian Companies

2000 ◽  
Author(s):  
Silvia Mourthe Valadares ◽  
Ricardo P. C. Leal
Keyword(s):  
Control Structure ◽  
And Control

Strategy war games: how business can outperform the competition

2018 ◽  
Vol 39 (6) ◽  
pp. 3-12 ◽  
Author(s):  
Jason West ◽  
Maiko Chu ◽  
Lincoln Crooks ◽  
Matthew Bradley-Ho
Keyword(s):  
Financial Services ◽  
Business Strategy ◽  
Joint Venture ◽  
Corporate Strategy ◽  
Insurance Company ◽  
Content Type ◽  
External Threats ◽  
Internal Capabilities ◽  
Banking Institution ◽  
The Impact

PurposeBusiness wargames represent an alternative approach to challenge organisations to uncover internal capabilities through competitive actions designed to counteract external threats and address strategic mismatches. Internal capabilities uncovered as a result of actions taken during a competitive wargame aims to replicate market conditions found in competitive industries. These outcomes are difficult to achieve using many popular strategy design methods. The purpose of this study is to examine the use of war game-style activities in formulating corporate strategy that incorporate the natural behaviors of the leadership team in creating strategic plans.Design/methodology/approachUsing a case study from the banc assurance industry, the authors review a wargame process composed of two competing teams; the banc assurance organisation and an unincorporated joint venture between a banking institution and an insurance company. The goal of each entity was to develop strategy to improve both customer satisfaction and market share at the expense of each other given a finite set of resources. Success was judged using a simple set of metrics defined by both a consumer team and an independent umpire.FindingsConsumers of financial services are price sensitive and highly brand loyal. Unwillingness to switch brands to a prevailing competitor or other emerging (Fintech) institution persists to a threshold of a price and/or value differential of 15 to 20 per cent. The results highlight potential deficiencies in the proposed banc assurance strategy through the observation of customer behaviours and inefficient resource use.Originality/valueThe wargame approach conducted in a realistic landscape revealed internal capabilities not otherwise evident. The impact of authentic human behaviours in setting business strategy was captured which is very difficult to replicate using more formal scenario analysis and planning.

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