The purpose of this research paper is to show that the environmental variable influences companies’ value creation processes. The goal of any strategy is to achieve sustained superior performance, and this depends on the industry’s attractiveness and the choice of business positioning. In turn, the success of any given positioning depends on the sustainability of the competitive advantages on w...

Australian and international governments are increasingly adopting social marketing as a social change management tool to deal with complex social problems. Government decision makers typically need to balance the use of business models and management theories whilst maintaining the integrity of government policy. In taking this approach, decision makers experience management tensions between a...

Very early in the evolution of e-commerce, predictions were made that a significant degree of disintermediation would occur, i.e., that middlemen would be eliminated from the value chain through the use of the Internet. The reasoning was as follows. The economic benefit of middlemen, or intermediaries, is that they reduce transaction costs for functions that are outside the firm (Coase, 1937). ...

Sustainable Business: Opportunity and Value Creation Andrea L. Larson Assistant Professor of Business Administration Darden Graduate School of Business Administration University of Virginia P.O. Box 6550 Charlottesville, Virginia 22906-6550 (804) 924-3221 (804) 243-7677 fax [email protected] Elizabeth Olmsted Teisberg Associate Professor of Business Administration Darden Graduate...

Throughout the past decade, the telecommunications industry has started to evolve from an essentially multi-domestic into a global industry. The relaxation of foreign ownership restrictions, deregulation, privatization, and technological change have triggered a wave of international acquisitions involving telecommunications service providers. The underlying motives for these acquisitions are di...

Foreword DFA – a concept and buzzword energizing actuaries and other insurance professionals in the 1990s! The general hope then was that such models would accurately describe the complexity of the risky environment in which insurance and reinsurance companies operate. After the first few years, however, expectations began to recede: people realized it would be a Herculean task to consider all ...

The fifth merger wave in the USA and the parallel fourth merger wave in the UK that occurred in the 1990s was characterised by a large number of acquisitions of firms operating in high technology areas such as the telecommunications, computers, the Internet, biotechnology, communications etc. These mergers accompanied and, in fact, were triggered by stunningly high market valuations of high tec...

The authors present Mayo Clinic's Value Creation System, a coherent systems engineering approach to delivering a single high-value practice. There are 4 tightly linked, interdependent phases of the system: alignment, discovery, managed diffusion, and measurement. The methodology is described and examples of the results to date are presented. The Value Creation System has been demonstrated to im...

It has increasingly been recognized that appropriate theory based measures are required in entrepreneurial research (Smith, Gannon, & Sapienza, 1989). However to date, the study of corporate entrepreneurship (CE) has principally used input-based measures such as accounting results, which may not provide an accurate picture of the firm’s performance. This study advances the output-based measure ...