Found 6 article(s) for author 'firm growth'

Four Things No One Will Tell You About ESG Data

Four Things No One Will Tell You About ESG Data. George Serafeim, July 2, 2019, Paper, “As the ESG finance field and the use of ESG data in investment decision‐making continue to grow, the authors seek to shed light on several important aspects of ESG measurement and data. This article is intended to provide a useful guide for the rapidly rising number of people entering the field. The authors focus on the following…Link

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An Archetype for Outsiders in Technology Commercialization

An Archetype for Outsiders in Technology Commercialization. Shane Greenstein, 2019, Book Chapter, “Many confrontations between insiders and outsiders have garnered attention in technology markets over several decades. What can we learn from these prominent confrontations? Is there anything common to them? This chapter presents an archetype of confrontations that highlights the distinctive perspective of an outsider. In this archetype insider refers to an established leading firm in a specific market, while outsiders are startups or historical non-participants in the insider’s market. The chapter interprets events as a conflict between the outsider’s novel point of view and the insider’s established point of view. To support this interpretation, the chapter examines numerous illustrations. In each, the outsider takes actions to gain customers, which leads to a reaction from the established firm.Link

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Long-Term Firm Growth: An Empirical Analysis of US Manufacturers 1959-2015

Long-Term Firm Growth: An Empirical Analysis of US Manufacturers 1959-2015. Gary Pisano, May 16, 2019, Paper, “Firm growth is an essential feature of market economies, shaping together macroeconomic performance and the evolution of industry structures. As a potential indicator of organizational “fitness” within a competitive environment, firm growth is also a central concern to both the practice and theory of business strategy. Despite both its theoretical and practical importance, though, growth remains a poorly understood property of firms. While previous studies have documented the highly skewed nature of firm growth rates, we know far less about the persistence of growth rates over long-periods of time. For instance, do “fast growers” tend to maintain their relative growth rates advantages over long-periods or is superior growth a transitory phenomenon? Is, as predicted by evolutionary and capability based theories of the firm, the process of firm growth path-dependent or is it more akin to a random walk? The answers to these questions are central to building a robust theory of firm growth.Link

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The Business of Platforms: Strategy in the Age of Digital Competition, Innovation, and Power

The Business of Platforms: Strategy in the Age of Digital Competition, Innovation, and Power. David Yoffie, 2019, Book, “The Business of Platforms explores the strategic, economic, and technology management challenges of digital platform businesses. We have five major themes in the book: 1) The world’s most valuable companies are all platforms, in part because platforms have network effects, with the potential for a winner-take-all or winner-take-most outcome. 2) Platforms come in 3 flavors: innovation platforms, transaction platforms, and hybrid platforms. We suggest that the world is moving towards more and more hybrids, and we identify the key steps in building a successful platform. 3) Failure is more likely than winner-take-all: mispricing, mistrust, mistiming, and hubris lead to hundreds of failures. 4) Old “dogs” can learn new tricks: conventional companies can adapt to a platform world with a buy, build, or belong strategy. And 5) Platforms are a double-edge sword: abuse of power, bullying poor labor practices, and bad actors can undermine even the most successful platforms. The book concludes with an exploration of platform battles of the future, including voice wars (Alexa vs. Hey Google vs. Siri), ridesharing and autonomous car platforms, quantum computing, and CRISPR.Link

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The Fearless Organization: Creating Psychological Safety in the Workplace for Learning, Innovation, and Growth

The Fearless Organization: Creating Psychological Safety in the Workplace for Learning, Innovation, and Growth. Amy Edmondson, 2018, Book, “Conquer the most essential adaptation to the knowledge economy Psychological Safety at Work: How to Ensure Learning and Innovation in the Knowledge Economy offers practical guidance for teams and organizations who are serious about success in the modern economy. With so much riding on innovation, creativity, and spark, it is essential to attract and retain quality talent–but what good does this talent do if no one is able to speak their mind? The traditional culture of “fitting in” and “going along” spells doom in the knowledge economy. Success requires a continuous influx of new ideas, new challenges, and critical thought, and the interpersonal climate must not suppress, silence, ridicule or intimidate.Link

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The role of industry-specific, occupation-specific, and location-specific knowledge in the growth and survival of new firms

The role of industry-specific, occupation-specific, and location-specific knowledge in the growth and survival of new firms. Edward Glaeser, June 23, 2018, Paper, “How do regions acquire the knowledge they need to diversify their economic activities? How does the migration of workers among firms and industries contribute to the diffusion of that knowledge? Here we measure the industry-, occupation-, and location-specific knowledge carried by workers from one establishment to the next, using a dataset summarizing the individual work history for an entire country. We study pioneer firms—firms operating in an industry that was not present in a region— because the success of pioneers is the basic unit of regional economic diversification.Link

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