scholarly journals Growth of Firms in a Fragmented Cultural Industry: Italian Commercial Art Galleries’ Competitive Strategies

2021 ◽  
Vol 13 (9) ◽  
pp. 5057
Author(s):  
Donatella Depperu ◽  
Giacomo Magnani ◽  
Lisa Crosato ◽  
Caterina Liberati
Keyword(s):  
Business Strategy ◽  
Cultural Industry ◽  
Competitive Strategies ◽  
Art Galleries ◽  
Local Economies ◽  
Policy Makers ◽  
Contingency Perspective ◽  
Commercial Art ◽  
Specific Factors ◽  
Strategic Perspective

The growth of cultural firms is important in developing local economies, enhancing employment, and improving urban sustainability, but it is difficult to achieve in fragmented industries that are populated by the smallest firms and offer a particularly unfavorable context for growth. The study takes a contingency perspective and contributes to both the literature on business strategy in fragmented industries and that on the growth of small and medium-sized enterprises (SMEs) by identifying the strategies implemented in a fragmented cultural industry, determining which of them are associated with a firm’s expected growth, and finding the few firm-specific factors that are associated with growth. It also complements the extant literature on art galleries by looking at them from the understudied strategic perspective. Suggestions for practitioners and policy makers are included.

Survival Under Aggressive Competition

2019 ◽  
pp. 131-143
Author(s):  
Aytug Sozuer
Keyword(s):  
Economic Activity ◽  
Business Strategy ◽  
Small Firms ◽  
Critical Incidents ◽  
Competitive Environment ◽  
Competitive Strategies ◽  
Managerial Skills

The purpose of this chapter is to examine whether competitive strategies are helpful for small firms to survive when the intensity of rivalry is high. The research scope is a case of microenterprise that operates in industrial machinery and components sector in Istanbul, Turkey. Throughout a 12-year period, the critical incidents that the firm confronted in the competitive environment, its reactions to those challenges, and the consequences are evaluated under the framework of business strategy. Consequently, it is observed that differentiation strategies served the microenterprise to grow even under aggressive competition. The analysis is expected to contribute to the development of managerial skills in small firms, which constitute a large portion in economic activity.

scholarly journals Competitive Strategies of Croatian Small Familyrun Hospitality and Catering Enterprises

2017 ◽  
Vol 3 (1) ◽  
pp. 15-26
Author(s):  
Davor Perkov ◽  
Zvonko Merkaš ◽  
Kenan Crnkić
Keyword(s):  
Competitive Advantage ◽  
Business Strategy ◽  
Online Survey ◽  
Business Strategies ◽  
Competitive Strategies ◽  
Small Family ◽  
Term Administration ◽  
Special Area ◽  
The Government ◽  
Family Entrepreneurship

Abstract The subject of this paper is examining ways of creating strategic competitiveness in Croatian small family-run catering enterprises. Competitive advantage is necessary if the enterprise wants to survive on the market. Selection of a business strategy is an important factor because a company’s positioning is determined by profitability that can be above or below the industry average. Economic reality of the largest number of the world’s economies is characterized by domination of family-run businesses. This is followed by the growing interest in determining the importance of family-run businesses to national economies, the ways of their participation, and finding problems which they have to deal with. Family entrepreneurship represents a special area of small entrepreneurship in Croatia. This work presents core characteristics of entrepreneurship in Croatia, defined as family-run enterprise, along with its features, with special interest on some of the more important characteristics of family entrepreneurship. The main goal of this paper is to examine and analyze all the features of business strategies that generate a competitive advantage. An empirical online survey was conducted in 2015 among sixty Croatian small family-run catering enterprises. Over 40% of respondents believe that the government should facilitate an easier and more long-term administration for entrepreneurs. Research has also shown that the sustainability of competitive advantage lies in adapting to guest wishes.

Connecting the Links Between Leadership Styles and Virtual Team Effectiveness

2018 ◽  
Vol 26 (02) ◽  
pp. 185-205
Author(s):  
Raushan Gross
Keyword(s):  
Theoretical Model ◽  
Small Business ◽  
Leadership Styles ◽  
Leadership Style ◽  
Business Strategy ◽  
Team Effectiveness ◽  
Virtual Team ◽  
Team Leaders ◽  
Policy Makers ◽  
Virtual Domain

This research attempted to connect the links between leadership styles and virtual team effectiveness. Linking leadership styles with virtual team effectiveness can result in virtual esprit de corps, which has been ignored in the literature. A theoretical model is provided and presents these links based on leadership style characteristics. Each style characteristic is matched with an effectiveness dimension, which was culled from supporting studies in the virtual domain. What this research provides, that others did not, is a topical view of leadership in a virtual context. The conceptualization and development of these links contribute to researchers, team leaders and managers, organizational theory, small business strategy, and policy makers involved in virtual configurations.

Implementing process‐oriented knowledge management strategies

2003 ◽  
Vol 7 (4) ◽  
pp. 62-74 ◽  
Author(s):  
Ronald Maier ◽  
Ulrich Remus
Keyword(s):  
Knowledge Management ◽  
Business Strategy ◽  
Management Strategies ◽  
Management Approach ◽  
Km Strategy ◽  
Current State ◽  
State Of Practice ◽  
Process Oriented ◽  
Four Levels ◽  
Strategic Perspective

Despite growing interest about a strategic perspective on knowledge management (KM), there is still a lack of a procedure and methods to guide the implementation of KM strategies. In this paper, we review the current state of practice of KM initiatives and identify four scenarios for potentially successful KM initiatives. The majority of organizations can be described as being a knowledge management starter. In order to improve these KM initiatives and link them to business strategy, we suggest a process‐oriented knowledge management approach as a step to bridge the gap between human‐ and technology‐oriented KM. This approach is outlined with the help of the four levels of intervention: (1) strategy, (2) KM organization and processes, (3) topics/content, and (4) instruments/systems. The definition and implementation of a process‐oriented KM strategy in a large transaction bank will serve as an example to illustrate the application of our approach.

scholarly journals Blue Ocean strategy: implementation report in a sector in crisis

2015 ◽  
Vol 14 (4) ◽  
pp. 135-148
Author(s):  
Edson Ricardo Barbero ◽  
Bruno Nascimento Vieira
Keyword(s):  
Data Analysis ◽  
Data Collection ◽  
Focus Groups ◽  
Business Strategy ◽  
Information Sources ◽  
Secondary Data ◽  
Strategy Implementation ◽  
Competitive Environment ◽  
Competitive Strategies ◽  
Demand And Supply

This paper presents some drivers and obstacles for implementing the Blue Ocean Strategy methodology (BOS). The company studied underwent a complex competitive environment, with reduced demand and supply excess. With the use of some of the assumptions of the BOS, the company redefined its competitive strategies and reduced its exposure to the rivalry usually found in mature industries. This paper presents the construction of the value curve, which took 540 hours of interviews and various focus groups. As a result, among other things, it highlights the importance of sensemaking and the diversity of information sources. Given these findings, it is considered that this paper contribute to the field of Business Strategy. Among others, the report describes the formation of teams, data collection mechanisms and development of value curve. The method for developing this article was based on an action research conducted by the authors during the development of EOA project. Besides the use of such a method, interviews and secondary data analysis were conducted.

scholarly journals Analysis of Sharia Marketing Strategies in Dealing with Business Competition in Semarang Rabbani Store

2020 ◽  
Vol 3 (1) ◽  
pp. 27-41
Author(s):  
Ria Resti Ridhawati
Keyword(s):  
Business Strategy ◽  
Distribution Channel ◽  
Field Research ◽  
Secondary Data ◽  
Marketing Mix ◽  
Primary Data ◽  
Marketing Theory ◽  
Competitive Strategies ◽  
Differentiation Strategy ◽  
New Business

ABSTRACT Sharia marketing is spiritual marketing which views competitors as not enemies, but equal partner who are able to spur creativity and innovation of the company. Rabbani Store is one of the first and the largest instant veil company in Indonesia by Issuing a reliable product in the form of an instant veil and other products that have also been developed, namely Muslim Fashion including Kemko, Tunic, Castles and other equipment such as ciput or inner hoods and accessories. Many new business people, the threat of substitute products, which brings new capacity that offers fashion products that are more fashionable. This research is a type of field research using two types of data sources, namely primary data and secondary data obtained using interviews and documentation. After the data is collected, the data is then analyzed using a qualitative descriptive approach. The results of this study state that marketing is carried out by Rabbani store in broad terms in accordance with sharia marketing theory which includes the characteristics of sharia marketing, the principles and practices of  Rasulullah’s marketing. And applied in the marketing mix (marketing mix) which consists of four elements, namely the distribution channel (place), products or services (products), price (price) and promotion (promotion). From the analysis of competitive strategies carried out by Rabbani Stores in the face of increasingly, fierce business competition, the business strategy proposed by Michael Porter’s called The Porter’s Competitive Strategic namely differentiation strategy. So that the Rabbani Store when ink was still a leader in Muslim fashion

scholarly journals Economic Freedom and Inequality in the Art Market: The Case of the Commercial Gallery

Arts ◽  
2020 ◽  
Vol 9 (4) ◽  
pp. 126
Author(s):  
Ronit Milano
Keyword(s):  
Contemporary Art ◽  
Economic Freedom ◽  
Free Market ◽  
Art Market ◽  
The Political ◽  
Art Galleries ◽  
Political Function ◽  
Commercial Art ◽  
General Operation

This article aims to consider the contemporary art market vis-à-vis the concept of economic freedom. Drawn from a larger study, this paper offers a glimpse of the political function of the art market, which is essentially an economic field. What I demonstrate is an inevitable clash between a free market and between political constructions that effect levels of freedom—concentrating on the parameter of inequality. The article focuses on the case of commercial art galleries, and analyzes their operation under neoliberal conditions, which represent the implementation of the idea of freedom in the economic field. Subsequently, I demonstrate the how high levels of concentration in the art market erode the levels of the equality of the players in the field. Ultimately, I argue that this case offers an example of the more general operation of the art market, which follows neoliberal principles, and thereby undermines the concept of economic freedom that is intrinsic to them.

scholarly journals Efficient Algorithm for Mining Non-Redundant High-Utility Association Rules

Sensors ◽  
2020 ◽  
Vol 20 (4) ◽  
pp. 1078 ◽  
Author(s):  
Thang Mai ◽  
Loan T.T. Nguyen ◽  
Bay Vo ◽  
Unil Yun ◽  
Tzung-Pei Hong
Keyword(s):  
Association Rules ◽  
Business Strategy ◽  
Efficient Algorithm ◽  
Business Managers ◽  
Competitive Strategies ◽  
Computing Systems ◽  
Other Information ◽  
High Utility ◽  
High Utility Itemsets ◽  
The Internet Of Things

In business, managers may use the association information among products to define promotion and competitive strategies. The mining of high-utility association rules (HARs) from high-utility itemsets enables users to select their own weights for rules, based either on the utility or confidence values. This approach also provides more information, which can help managers to make better decisions. Some efficient methods for mining HARs have been developed in recent years. However, in some decision-support systems, users only need to mine a smallest set of HARs for efficient use. Therefore, this paper proposes a method for the efficient mining of non-redundant high-utility association rules (NR-HARs). We first build a semi-lattice of mined high-utility itemsets, and then identify closed and generator itemsets within this. Following this, an efficient algorithm is developed for generating rules from the built lattice. This new approach was verified on different types of datasets to demonstrate that it has a faster runtime and does not require more memory than existing methods. The proposed algorithm can be integrated with a variety of applications and would combine well with external systems, such as the Internet of Things (IoT) and distributed computer systems. Many companies have been applying IoT and such computing systems into their business activities, monitoring data or decision-making. The data can be sent into the system continuously through the IoT or any other information system. Selecting an appropriate and fast approach helps management to visualize customer needs as well as make more timely decisions on business strategy.

Linking Web Design Strategy with Business Strategy

2014 ◽  
Vol 6 (3) ◽  
pp. 1-14 ◽  
Author(s):  
Kao-Hui Kung ◽  
Wei-Hsi Hung ◽  
Chuan-Chun Wu ◽  
Chun-Chia Liao
Keyword(s):  
Web Sites ◽  
Business Strategy ◽  
Empirical Studies ◽  
Web Design ◽  
Business Strategies ◽  
Business Success ◽  
Modern Trend ◽  
Theory Approach ◽  
Design Strategies ◽  
Competitive Strategies

Given the modern trend toward the Internet, firms can now use web sites to achieve marketing and advertising effectiveness for their businesses. This usage creates a new model of marketing strategy. Experts in the field have indicated that links between marketing and competitive strategies are critical to organisational performance and business success. However, empirical studies conducted in various countries have shown that the web designs are misaligned with organizational strategic objectives. In this study, the authors view web sites as marketing applications, and investigate how corporate sites effectively support three types of business strategy: the prospector, analyser, and defender strategies. The authors conducted a series of in-depth interviews with web site designers and established design techniques through grounded theory approach to indicate how particular web sites support a specific type of business strategy. They also established the relationship between web design strategies and business strategies, which should help practitioners improve the strategic positioning of their web sites.

Competitive strategies, market orientation types and innovation strategies: finding the strategic fit

2017 ◽  
Vol 13 (3) ◽  
pp. 257-261 ◽  
Author(s):  
Narentheren Kaliappen ◽  
Haim Hilman
Keyword(s):  
Market Orientation ◽  
Business Strategy ◽  
Competitive Strategy ◽  
Innovation Strategy ◽  
Competitive Strategies ◽  
Content Type ◽  
Practical Applications ◽  
Strategic Fit ◽  
The Common ◽  
Innovation Strategies

Purpose The purpose of this paper is to review the strategic fit of competitive strategies, market orientation types and innovation strategies. Design/methodology/approach The paper is prepared by reviewing the relevant literatures on competitive strategies, market orientation types and innovation strategies as well as comparing and contrasting the common characteristics to attain fit. Findings The paper presents the criteria for distinguishing the different types of competitive strategies, market orientations and innovation strategies, along with a framework that fits a particular type of competitive strategy, market orientation and innovation strategy. Practical implications The paper provides an action framework based on characteristics of the competitive strategies (business strategy) along with the benefits of adopting a particular market orientation type and innovation strategy (functional strategies). This will facilitate the managers to execute appropriate competitive strategy that could well align with appropriate market orientation and innovation strategy. Originality/value This brief paper presents an original framework, with significant practical applications in a concise manner. The framework will provide a guide to the hotel top management in shaping and fitting an appropriate competitive strategies, market orientation types and innovation strategies.

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