Anil Nair

Does Enterprise Risk Management Increase Firm Value

Enterprise risk management (ERM) has emerged as a construct that ostensibly overcomes limitations of silo-based traditional risk management (TRM), yet little is known about its effectiveness. The scant research on the relationship between ERM and firm performance has offered mixed findings and has been limited by the lack of a suitable proxy for the degree of ERM implementation. Using Standard and Poor’s newly available risk management rating, the authors find evidence of a positive relationship between increasing levels of TRM capability and firm value but no additional increase in value for firms achieving a higher ERM rating. Considering these results, the authors suggest directions for future research.

Dynamic Capabilities and Organizational Performance: A Meta-Analytic Evaluation and Extension

We move the dynamic capabilities view (DCV) forward in two important ways by meta-analysing prior empirical studies. First, we evaluate the two core theoretical tenets of the DCV: (1) Dynamic capabilities are positively related to performance, and (2) this relationship is stronger in industries with higher levels of technological dynamism. We find support for the former (rc = 0.296) but not for the latter, though results suggest the existence of moderators. Second, we theorize and demonstrate empirically that higher-order dynamic capabilities are more strongly related to performance than lower-order dynamic capabilities, lower-order dynamic capabilities partially mediate the relationship between higher-order dynamic capabilities and performance, and dynamic capabilities contribute more to performance in developing economies than in developed economies. These findings illustrate how the nature of the dynamic capability and the economic context in which it is utilized shape its value, thus offering a more nuanced conceptualization of the dynamic capabilities-performance relationship. [ABSTRACT FROM AUTHOR]

The Effect of Product Adaptation and Market Orientation on Export Performance: A Survey of Thai Managers

This paper investigates the effect of product adaptation on performance of exporters in Thailand. It focuses on an issue that has not been addressed in past research: Does market orientation moderate the relationship between product adaptation strategy and performance? Results indicate that product design adaptation strategy was positively associated with performance; furthermore, paradoxically, the relationship between product adaptation and performance was stronger for firms that had lower levels of market orientation, though it was firms with larger market orientation that had an overall higher level of product adaptation and performance.

The Role of Know-Why in Knowledge Development Within Biomedicine: Lessons for Organizations

This paper identifies know-why as a critical dimension of knowledge, and interprets it by drawing on the literature in knowledge from diverse disciplines. We argue that know-why can complement other dimensions of knowledge, such as know-how, in enabling inquiry, innovation and knowledge development. A discussion of the role of know-why in knowledge development within biomedicine supports our argument. Insights draw from biomedicines history and organizational cases are used to develop propositions about knowledge development process within organizations.

A Comparative Study of the Economic Reforms in China and India: What Can We Learn?

Abstract The last quarter of the twentieth century was characterized by economic reforms in many formerly state-dominated economies. Among them, the reform attempts by China and India have attracted increasing attention in the popular media and academic research. This paper contribute to this research by using institutional theory to analyse the reforms in China and India and develop a framework to explain how reforms evolve. This study contributes to the theoretical understanding of the dynamics of reform, helps policy-makers to formulate reform strategy, and international business executives to project the developmental trends in two of the worlds largest emerging markets.

GENERIC STRATEGY RESEARCH: APPLICATION OF LISREL AND SMALLEST SPACE ANALYSIS

The concept of generic strategies remains the principal framework in discussions of business-level strategy formulation in research and teaching. Given that generic strategy typologies (e.g., Porter, 1980; Mintzberg, 1988) represent latent constructs, researchers have predominantly employed Factor Analysis to identify underlying dimensions among observed variables (i.e., generic competitive methods). However for the generic strategy research stream to progress, statistical techniques that examine the relative “goodness-of-fit” of different typologies to empirical field data are sorely needed. The purpose of this paper is to discuss the appropriateness and application of LISREL and Smallest Space Analysis (SSA) for generic strategy research. Specifically, we argue that the use of these techniques allow researchers to clarify and crystallize some of the assertions underlying the concept of generic strategies and to test them more rigorously than in the past.

borjo coffeehouse: Franchise, Independence, and Starbucks

The case describes decisions faced by Rob Loomis and Jon Pruden, the cofounders of a coffeehouse, and how they resolved them. First, their coffeehouse franchise experienced disappointing results—they decided to close it and reopen as an independent coffeehouse. Shortly thereafter, they had to respond to an existential challenge to their business—the entry of Starbucks across the street. The case describes Robs decision to persist despite Starbucks’ entry, and his strategic, operational, and tactical moves to ensure growth. A key dilemma that Rob faced was whether his initial success against Starbucks was sustainable. An underlying theme of the case is that entrepreneurial success requires persistent improvisation to adapt to dynamic and uncertain environments.

Poland's LPP

In 2005, LPP SA was one of the fastest growing firms in Poland’s apparel industry, with popular brands such as RESERVED and CROPP. This case focuses on the apparel industry, LPP’s business and international strategies, and its internal capabilities. The case also offers a background on the communist rule in Poland and how it led to economic malaise that sparked the strikes by Solidarity under the leadership of Lech Walesa. These strikes eventually cascaded into the demand for reforms and the collapse of the communist regime. Thus, the case tracks Poland’s transition into an “emerging market” and the environment within which LPP developed. The case concludes by asking readers whether LPP needs to reorient its strategies and develop new capabilities to sustain its growth.