Which Competitive Strategy Fits Better to Different Family-Business Profiles?

This chapter belongs to the vein of research that analyses family firms from a configurational approach. This survey explores which combination of competitive strategy, environmental turbulence, family complexity, and family firm management and governance arrangements are present when firm performance is present. This research follows Le Breton-Miller and Miller's call to gain a better understanding of the interaction between competitive strategy, environmental conditions, and family firm features. Literature reports controversial results with regard to family-business strategic preferences and firm performance, and recent research shows that this relationship needs considering both industry and family context. This chapter analyses a sample of 129 Spanish SME-Family-Business that belong to the tourism industry. Using fuzzy-set qualitative comparative analysis, the authors find seven configurations to firm performance presence and one recipe for performance absence.

Extremely High Environmental Turbulence as a Challenge to 21st Century System Management

The article actualizes the challenges of developing the theoretical and methodological basis for managing environmental turbulence in the 21st century under the unprecedented changes that have taken place both in the interpretation of the category of turbulence itself and the ability to manage it between the end of 2019 and the present in the context of the COVID-19 pandemic. The results of the analysis of the category of turbulence of the new type are presented, as well as its nature and content are determined. Conceptual approaches to the criteria for the effectiveness of turbulence management have been developed. The vector of the direction of the evolution of national systems of government in the era of total turbulence at the level of public policy has been defined. The experience of the best management practices at the beginning of 2021 is noted, which, however, shows that without the use of an arsenal of hard technologies it is not yet possible to curb the challenges of extremely high environmental turbulence. Based on the study, the authors made the conclusion about the key role of general civil consent and cooperation in the implementation of manual management regime under the conditions of extremely high environmental turbulence of the early twenties of the 21st century. The peculiarities of forming the international socio-economic context of the period of extremely high turbulence, its problems and contradictions are highlighted. The main features of this context of the newest period include the ongoing systemic crisis of the world economy, permanent structural financial and economic crises, as well as the characteristics of globalization and deglobalization processes as major long-term trends. The trend towards general deglobalization, expressed in the strengthening of national protectionism and manifested in the economic policy of nation-states, has become the most pronounced at the current stage. New international platforms have been sought to implement regulatory management actions in the face of new type of turbulence.

Boundary spanner closeness to partner firm as relational governance in turbulent versus stable environments

Purpose This study aims to explore the overall relationship between a boundary spanner and a partner firm, i.e. boundary spanner closeness to partner firm. Drawing on consumer-service provider relationship literature and the tripartite model of affect-behavior-cognition, the authors identify three key dimensions of such closeness, namely, boundary spanners’ relational ties, customer-specific capabilities and accommodative behaviors, and examine their effects on exchange outcomes in turbulent versus stable environments. Design/methodology/approach The paper examines the effects of three dimensions of boundary spanner closeness on various exchange outcomes (i.e. retailers’ cooperation, satisfaction and willingness for investment) using two industries as exemplars, characterized by distinct levels of environmental turbulence – the retailing networks of a major cell phone company and a petroleum company in China. Findings The results indicate that the three dimensions individually and jointly affect exchange outcomes and the interplay of customer-specific capabilities and relational ties affect exchange outcomes differently across industry turbulence. Originality/value The existing literature lacks a comprehensive understanding of the function of boundary spanners, which serve as a key relational interorganizational governance component. By identifying three key dimensions of boundary spanner closeness and examining their effectiveness in promoting exchange outcomes, this study advances the understanding of the role of boundary spanners in interorganizational governance.

Assessment of the efficiency of the use of activating turbulent jets to eliminate the risk of the formation of unventilated zones in large premises

Strict requirements for microclimate parameters are imposed on food storage premises, which are equipped with artificial cooling systems. The experience of operating the refrigerated premises revealed the following disadvantages: uneven distribution and significant fluctuations in temperature and relative humidity; periodic precipitation of condensate in low-temperature sections. Elimination of the noted disadvantages is effectively achieved by using axial fans that form a swirling air stream that induces the ambient air. Swirling jets used to intensify the process of air circulation in a room in order to eliminate unventilated zones will be called activating jets. To assess the efficiency of the application of activating turbulent jets, an integral method based on the energy balance was used. Using the example of a representative object, it is shown that the distance of the effective application of an activating turbulent jet should be calculated taking into account the influence of environmental turbulence, which is determined by the amount of energy introduced and dissipated in the room.

Does Diversification Strategy Play An Eminent Role In The Current Turbulence Of Digital Economy: A Strategic Approach

Most industry players are dubious whether current digital technology is strongly affecting the long traditional demand and supply economy while scholars believe that companies need to have valuable and unique resources, excellent and agile capabilities, and the capacity of aligning their core competencies to lead the industry and therefore sustaining its competitive advantage. Companies are fighting with the aggressive movements by their competitors in the changing markets and facing very dynamic full of surprises environmental turbulence. We reveal the Environment Serving Organization concept helps companies to be well prepared in advance and applicable at all turbulence levels when the overall economy is at high uncertainty. By exploring diversification based on Ansoff Growth Matrix and using the regression and mediation models, this is one of the first papers that investigates the Environmental Turbulence level as a probable mediator in the intense relationship between diversification strategy and strong firm performance.

Vocational High School Readiness in Anticipating 21st Century Environmental Turbulence

This research aims to measure the readiness of VHS in Indonesia in facing 21st Century environmental turbulence by comparing the status and accreditation of schools. A total of 884 VHSs distributed in 34 provinces in Indonesia were involved as research respondents. As a result, VHS readiness in dealing with the phenomenon of turbulence is in the quite prepared category. From a school status perspective, public VHS is better prepared than private, and A-accredited VHS is better prepared than non-A accreditation. This research is useful to provide information to vocational education principals in Indonesia to anticipate environmental turbulence in organisation.

Strengthening Innovative Leadership in the Turbulent Environment

Recently, in the Digital Transformation era that is trigger by technology, Industry 4.0 is a transformation process that leads to company changes that disrupt and affect all business processes. In the current transformation phase, leaders must have the ability to manage digital transformation processes and new digital organizations that are emerging which are changing in a volatile (turbulent) business environment. The discussion in this chapter book includes a content analysis of several leadership characters that are very influential in anticipating turbulent environmental changes, which include: leadership in the turbulent era, innovative leadership, leadership with high integrity, leadership with high EQ. The dynamics of the external environment such as economic, political, social, cultural, scientific, and technological changes very rapidly which will have an impact on the business environment: customers, suppliers, competitors, investors, government/law, and interest groups. The external environmental turbulence must be anticipated by all institutions by strengthening leadership so that leaders and their followers can create innovative products, processes, collaborations, communication, and have emotional intelligence that can capture the substance of the problem objectively and arouse the spirit of participation of all parties. Another very basic thing is a leader who has strong integrity, which is trustworthy, honest, moral, and has the credibility to produce solutions to various business problems so that in the end it produces excellent performance according to stakeholder expectations. Leaders need to proactively manage change through strengthening innovative ideas, creating new things as the key to creating a prime competitive advantage for the company. The leader is a figure who must be able to continuously adapt to the dynamics of the rapid development of the environment and market, supported by human resources, superior organization, and the right systems and procedures to achieve organizational goals.