Session 66

Competitive strategies in transition

Track E

Date: Sunday, October 7, 2012

 

Time: 15:15 – 16:30

Paper

Room: Club B


Session Chair:

  • Ronaldo Parente, Florida International University

Title: Firms in Hard Macroeconomic Times: A Multilevel Analysis of Performance During a Recession

Authors

  • Rafael Goldszmidt, FGV-EBAPE
  • Luis Enrique Urtubey De Césaris, Getulio Vargas Foundation
  • Ronaldo Parente, Florida International University
  • Flavio Vasconcelos, Getulio Vargas Foundation

Abstract: This study analyzed the behavior of firms' performance during a period of economic contraction using Compustat data and a multilevel growth curve model to estimate the impact of the crisis on firms' performance. The variance decomposition of the impact of a recession on performance indicated that the variation in performance during the economic crisis seemed to be largely determined by idiosyncratic firm characteristics and not by attributes of the industries in which they operate, although durable manufacturing industries were, on average, more severely affected. The recession intensely changed the relative position of firms’ performances. These results suggest that firm characteristics which offer competitive advantage in times of economic growth, do not necessarily make firms less sensitive to the effects of a recession.

Title: Predictive Actions, Learning and Strategic Agility: Evidence from Mobile Communication

Authors

  • Riccardo Vecchiato, Kingston University Business School

Abstract: This paper explores how predictive actions can enhance the strategic agility of the organization and thus its performance in dynamic environments. Our research is based on a multiple-case study of the mobile communication business, where leading firms had to face a major driver of change throughout the 2000s: the convergence of digital technologies. We compare the case of Nokia, that placed great reliance on predictive actions, with the cases of other mobile phone manufacturers that adopted instead purely reactive approaches. Our main contribution is a conceptual framework that sheds light on how predictive actions enhance the learning skills of the organization and its capabilities to sense, seize and adapt to emerging opportunities and threats sooner and more effectively than competitors.

Title: The Nature of Resilient Organizations

Authors

  • Markus Venzin, Bocconi University

Abstract: Resilience is the capacity of individuals, teams and organizations to deliver predictably strong and stable performance in the face of adversity. Resilient organizations are able to anticipate external shocks and avoid them or absorb them better than their rivals. Organizations can be intentional about resilience as managers explicit influence the resilience of their firms. To identify the variables that enhance resilience, I first develop a measure for resilience which I label “VOLARE” as it is composed of the volatility of the long-term return on equity and the long-term return on equity itself. The measure is then used to identify and compare the most resilient to the least resilient companies of seven industries. This comparison allows me to propose a theoretical framework for organizational resilience.

All Sessions in Track E...

Sun: 08:00 – 09:15
Session 270: New Frontiers in the Computational Approaches to Strategy and Organization
Sun: 09:30 – 10:45
Session 271: Competing for Innovation
Sun: 11:15 – 12:30
Session 272: Unified Theory of Industry Evolution
Sun: 15:15 – 16:30
Session 52: Networks and competition
Session 66: Competitive strategies in transition
Mon: 08:00 – 09:15
Session 55: Risk, uncertainty and competitive advantage
Session 64: Diverse strategies: Diversification and the evolution of competition
Mon: 09:30 – 10:45
Session 65: Resourceful competitors: Competitive strategies and the resource based view
Mon: 13:30 – 14:45
Session 54: The dynamics of dynamic capabilities
Mon: 16:30 – 17:45
Session 57: Finding your niche: Niche Strategies and Competitive Advantage
Session 245: Competitors, strategy, and competitive dynamics
Tue: 08:00 – 09:15
Session 56: Competitive dynamics meet competitive strategy
Session 254: Capital Markets and Efficiency
Tue: 11:00 – 12:15
Session 58: Innovation and competitive strategy
Tue: 14:15 – 15:30
Session 60: The sustainability of competitive advantage
Session 61: Value creation and value capture
Tue: 15:45 – 17:00
Session 62: Acquiring competitive success? Mergers and acquisitions
Tue: 17:30 – 18:45
Session 59: Tempus fugit? Competitive strategy over time


Strategic Management Society

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