Many advocates for health care reform have suggested applying the "focused factory" concept from strategic operations to improve the operation of hospitals. The benefits of focused operations have been extolled as improving both efficiency and profitability; yet this concept was developed for...

We present a general methodology that uses publicly available data to estimate the magnitude of economic value creation and its distribution among a firm’s stakeholders. Based on productivity literature in economics, the methodology goes beyond the conventional focus on shareholders and allows...

An established firm can enter a new product market through acquisition or internal development. Predictions that the choice of market entry mode depends on ‘relatedness’ between the new product and the firm’s existing products have repeatedly failed to gain empirical support. We resolve...