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POSCO has played a major role in Korea’s economic development by supplying domestic manufacturers with high-quality, low-cost steel products. Despite its initial disadvantage and lack of resources such as capital, technology, and raw materials, it has emerged as a world-class steel maker in a...
Persistent link: https://www.econbiz.de/10003904178
. We link differences in mental models to differences in decision rules and performance in a management simulation. Our … results show more accurate mental models lead to better decision rules and higher performance. We also find that decision …
Persistent link: https://www.econbiz.de/10003948578
Research on functional members of top management teams (TMTs) has increasingly drawn interest to the strategic management field over the past few years. Studies have documented the rise of the chief financial officer (CFO) to pivotal importance and considerable power within the organization. By...
Persistent link: https://www.econbiz.de/10009502934
strategic decision. A properly conducted outsourcing project may considerably improve the operational effectiveness of an …
Persistent link: https://www.econbiz.de/10009313586
What makes a decision strategic? When is strategy most important? This paper studies the structure and value of ….Starting from that definition, the paper studies what makes a decision ‘strategic' and what makes strategy important, considering …; and competition and dynamics. It shows, for example, that irreversibility does not make a decision more strategic but …
Persistent link: https://www.econbiz.de/10010259464
This paper examines how various types of organizational change influence a firm’s growth in the short/medium term and long term within emerging economies. We classify organizational change on two dimensions: the scale of change and the duration of change. The proposed hypotheses were tested on...
Persistent link: https://www.econbiz.de/10010401347
This paper deals with the impact of voluntary strategy disclosure in management reports on the cost of equity capital. Such an impact is not obvious, as investors might consider strategy information as “cheap talk” and therefore ignore it. We analyze a sample of 100 German listed firms from...
Persistent link: https://www.econbiz.de/10010414246
relationship between strategic planning and decision quality. Based on a survey of 155 top executives from German small and medium … process mediates a large proportion of the relationship between strategic planning and decision quality. This suggests that a …
Persistent link: https://www.econbiz.de/10010414293
"Die traditionelle Budgetsteuerung ist überholt und verursacht mehr Schaden als Nutzen. Die klassische Budgetsteuerung ist zu zeitaufwändig, zu unflexibel, zu bürokratisch und verhindert heute die Nutzung des vollen Potentials eines Unternehmens". [Daum, H./2006]. Trotz dieser These findet...
Persistent link: https://www.econbiz.de/10009514148
Purpose of this paper is to explore the three strategic orientations (customer, competitive, and technological) of the firm and new product performance. To understand which of three different strategic orientations is more appropriate, when and why it is so in the context of developing product...
Persistent link: https://www.econbiz.de/10013128155