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UrduAbstract Research Summary Strategic decisions are uncertain and often irreversible. Hence, predicting the value of alternatives is important for strategic decision making. We investigate the use of generative artificial intelligence (AI) in evaluating strategic alternatives using business models generated by…
Tag: business strategy
Toward an improved causal test of network effects: Does alliance network position enhance firm innovation?
Abstract Research Summary Assessing whether network position causes firm outcomes is difficult because networks result from firms’ strategic choices. To address this issue, we develop a research design that separates self-driven network change from other-driven change. Because other-driven change suppresses…
Making business model decisions like scientists: Strategic commitment, uncertainty, and economic performance
Abstract Research Summary This study abductively investigates how a firm’s degree of business model development—the extent to which strategic choices are crystallized—moderates the impact of a scientific approach to decision-making on performance. We present findings from a field experiment involving…
Sasin Action Learning: “Kung Bang Kachao: Developing Product and Pricing Strategies Concerning ESG and Circular Economy”
Sasin MBA students in the “Pricing Strategies in the Era of Sustainability and Digital Transformation” class, led by Assistant Professor Yupin Patarapongsant, had an excellent opportunity to immerse themselves in two fascinating eco-friendly experiences in Kung Bang Kachao, Samut Prakan.
Supply base concentration and firm innovation performance: A contingency study of supply base breadth, depth, dispersion, and collaboration
Abstract To survive in the current business environment, a firm must embrace ‘innovation’ in its overall business strategies. While scholars have investigated drivers of firms’ innovation performance, the concentration of a firm’s supply base and its potential link to innovation…
Making a strategic decision? Let visuals help you
Management consultants and professors seem to be obsessed with visuals. When it comes to strategy, they either pull out their impeccable slides, replete with graphics, or they pick up a marker to sketch out their own frameworks on a whiteboard. This phenomenon has piqued the interest of Felipe Csaszar, professor of strategy.
Disadvantaged entrepreneurs often fear success, but new research can help
When low-income entrepreneurs start their own businesses, they frequently fear failure — a well-documented phenomenon. But over time, they may also fear success, given the costs and unknowns it can bring, and this barrier to growth is under-studied and underappreciated. A new study from a Keough School of Global Affairs expert breaks new ground by explaining this fear and offers five recommendations to help entrepreneurs overcome it and move out of poverty.
To gain competitive edge in 2023 and beyond, companies should try war gaming
It has been nearly three years since the COVID-19 pandemic upended businesses worldwide. From supply chain disruptions to shipping delays, worker shortages and, now, the looming threat of a recession, it has been anything but business as usual ever since.With so much uncertainty, how can businesses gain a competitive edge going into the new year and beyond? How can they better anticipate threats created by competitors, the economy, suppliers, politicians and more, and identify new opportunities?One way is through the process of “war gaming,” according to John Horn, professor of practice in economics at Washington University’s Olin Business School and author of the forthcoming book, “Inside the competitor’s mindset: How to predict their next move and position yourself for success.
Quick MBA for SMEs – Chula’s Intensive and Practical Training for Business Survival during the COVID-19 Crisis
The recently-concluded and successful “Quick MBA for SMEs” social project from Chula that brought knowledge to the living room of four groups of SMEs entrepreneurs: food businesses, hotels & accommodation, health, and fashion, to help them adapt and survive the COVID-19 crisis. Watch past episodes to revive and empower your business today.
Companies Big and Small Can Benefit From a Clear Remote Work Strategy
As remote work evolves into a regular work mode that satisfies employment needs for both employer and employee, it is important for businesses to have a well-thought-out remote work strategy, says Timothy Golden, professor at Rensselaer Polytechnic Institute. Golden, who…
5 Leadership Strategies for Better Adapting in a Crisis
Maryland Smith management expert and futurist Oliver Schlake describes how companies can prepare for the next crisis as the economy gradually emerges from the COVID-19 pandemic.
Pivoting Is the New Normal (In the COVID-Impacted Business Environment)
Entrepreneur Andy Shallal and Maryland Smith Associate Dean of Undergraduate Programs Victor Mullins will discuss pivoting business strategy in the midst of a global pandemic, economic distress and racial protests.