by Niloofar Abolfathi Industry changes that lower customer frictions can be surprisingly beneficial for companies. Building on the global telecommunications industry, we document how a reduction in customer switching costs following mobile number portability increases industrywide profitability. We explain this finding based … Continue reading Don’t Trap Your Customers
by Dovev Lavie, Randy Lunnan, and Binh Minh T. Truong Managers consider alliances and acquisitions as alternative choices for creating value, yet a recent study reveals that the value of a firm’s alliances depends on its alliance partners’ subsequent acquisitions … Continue reading Why Should Managers Care About Their Alliance Partner’s Acquisitions?
Keynote speeches have become a conventional way of communicating a firm’s strategy. Popularized by firms such as Apple, Google, Microsoft, and Facebook, more and more executives announce strategic moves such as market entries or the introduction of a new product … Continue reading Keynote Speeches: How Do Great Speakers Effectively Communicate their Firms’ Strategy?
by Sergio Mariotti and Riccardo Marzano Opportunities and challenges for state‐owned enterprises (SOEs) to expand their activities abroad and to climb the rankings of the world‐class multinational corporations have been emerging. However, these enterprises often lack the experience required for … Continue reading When are Foreign Industrial Co-owners a Plus to Fostering SOE Internationalization?
A Virtual Special Issue edited by Matthias Wenzel, Sarah Stanske, and Marvin Lieberman
Currently, the pandemic crisis is affecting the lives of people and organizations around the world. As the coronavirus continues to spread, more and more governments are implementing strong measures to save people’s lives, such as the prohibition of events, lockdowns, and shutdowns. These measures contribute to slowing down the spread of the coronavirus in order to avoid lethal capacity overloads of national healthcare systems. At the same time, they threaten the survival of firms across all sectors and industries at a global scale—with potentially devastating individual, societal, and economic outcomes, such as massive job losses and social precarity. Therefore, the corona crisis raises important questions about how firms can respond effectively to crises such as the current pandemic.
In this Virtual Special Issue, we gather and discuss key articles published in the journals of the Strategic Management Society (SMS) that shed light on how firms respond to crisis. Our overview focuses on 13 articles that substantially inform our understanding of this issue.Continue reading “Strategic Responses to Crisis”