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Journal Article

Error management: Not just a wing and a prayer

EFMD Global Focus 8 (2): 52–55
Subject(s)
Human resources management/organizational behavior
Keyword(s)
Error management, leadership
Volume
8
Journal Pages
52–55
Journal Article

Market definition in two-sided markets: Theory and practice

Journal of Competition Law and Economics 10 (2): 293–339
Lapo Filistrucchi, Damien Geradin, Eric van Damme, Pauline Affeldt (2014)
Subject(s)
Economics, politics and business environment
JEL Code(s)
L40, L50, K21
Volume
10
Journal Pages
293–339
Journal Article

Ein Stresstest für das europäische Bankensystem [A stress test for the European banking system]

Die Bank 6: 14–17
Viral V. Acharya, Sascha Steffen (2014)
Subject(s)
Finance, accounting and corporate governance
Journal Pages
14–17
Journal Article

Focusing on teams in crisis management education: An integration and simulation-based approach

Academy of Management Learning and Education 13 (2): 208–221
Mary Waller, Zhike Lei, Robert Pratten (2014)
Subject(s)
Human resources management/organizational behavior
Keyword(s)
error management, teams
Crisis management teams occupy central roles in many normative models of crisis management; however, management education generally address neither the nature of such teams nor the capabilities necessary for these teams to be effective. To help address this situation, in this paper we integrate information from phase-based crisis management models with team dynamics theories, and suggest which team capabilities play key roles for crisis management teams as they face emergent crises. Using this integration, we then explore simulation-based training as a means to teach and assess crisis management team capabilities. We describe the design, development and implementation of a simulation for crisis teams, and discuss future applications of simulation-based training for crisis management education.
With permission of the Academy of Management
Volume
13
Journal Pages
208–221
ISSN (Online)
1944-9585
ISSN (Print)
1537-260X
Journal Article

Open to suggestions: How organizations elicit suggestions through proactive and reactive attention

Research Policy 43 (5): 812–827
Linus Dahlander, Henning Piezunka (2014)
Subject(s)
Technology, R&D management
Keyword(s)
Open innovation, attention, suggestions, ideation, openness, user innovation, success bias, social media
This paper analyzes organizations’ attempts to entice external contributors to submit suggestions for future organizational action. While earlier work has elaborated on the advantages of leveraging the knowledge of external contributors, our findings show that organizational attempts to attract such involvement are more likely to wither or die. We develop arguments about what increases the likelihood of getting suggestions from externals in the future, namely through (1) proactive attention (submitting internally developed suggestions to externals to stimulate debate); and (2) reactive attention (paying attention to suggestions from externals to signal they are being listened to), particularly when those suggestions are submitted by newcomers. Findings from an analysis of about 24,000 initiatives by organizations to involve external contributors suggest these actions are crucial for receiving suggestions from external contributors. Our results are contingent upon the stage of the initiative because organizations’ actions exert more influence in initiatives that lack a history of prior suggestions. Our work has implications for scholars of open innovation because it highlights the importance of considering failures as well successes: focusing exclusively on initiatives that reach a certain stage can lead to partial or erroneous conclusions about why some organizations engage external contributors while others fail.
With permission of Elsevier
Volume
43
Journal Pages
812–827
Journal Article

The past, present, and future of strategy: Broadening challenges; advancing insight

Iberoamerican Journal of Strategic Management 13 (3): 8–18
Subject(s)
Strategy and general management
Keyword(s)
Strategic management, strategy Evolution.
Volume
13
Journal Pages
8–18
ESMT Working Paper

Designing luxury experience

ESMT Working Paper No. 14-04
Vadim Grigorian, Francine Espinoza Petersen (2014)
Subject(s)
Marketing
Keyword(s)
Brand management, luxury brands, luxury marketing, emotions, customer experience, experience design, luxury consumption
In luxury brand management, experiences are essential. However, most of what we know about designing customer experiences originates from work developed with and/or for mass brands. Luxury brands are conceptually different and require a specific approach to brand management. Using a grounded theory approach, we present a framework consisting of seven principles to design luxury experience. Our research suggests that to create a true luxury experience brands should go beyond traditional frameworks of brand management. By compiling best practices and the commonalities amongst the interviewed companies’ most successful efforts to create a luxury experience, the framework can help brands to implement a “trading-up” strategy: Luxury brands can enhance their desirability by offering a true luxury experience and non-luxury brands can adopt principles of luxury experience and become life-style brands.

 

View all ESMT Working Papers in the ESMT Working Paper Series here. ESMT Working Papers are also available via SSRN, RePEc, EconStor, and the German National Library (DNB).

Pages
24
ISSN (Print)
1866–3494
Book Chapter

The LIBOR market model: A Markov-switching jump diffusion extension

In Hidden Markov models in finance: Further developments and applications, 2 vols. edited by Rogemar S. Mamon, Robert J. Elliott, 85–116. New York: Springer.
Lea Steinruecke, Rudi Zagst, Anatoliy V. Swishchuk (2014)
Subject(s)
Finance, accounting and corporate governance
Secondary Title
Hidden Markov models in finance: Further developments and applications
Pages
85–116
ESMT Case Study

Danica Purg: Entrepreneurial leadership in shaping leadership development (A)

ESMT Case Study No. ESMT-814-0150-1
Subject(s)
Entrepreneurship
Keyword(s)
Leadership, leadership development, entrepreneurship, strategy, change, financial analysis, education administration, education
The teaching objectives for this four-part case series lie at two distinct levels. Ostensibly the main teaching objectives relate to understanding Danica Purg's own entrepreneurial leadership style and its appropriateness for her own as well as other small and large organizations. But never far from the surface are underlying questions and related teaching objectives about the type of managers, leaders, and entrepreneurs that the world (and particularly her part of the European world) will need in the future, and how the needed capacities can best be developed- a subject on which she has strong and provocative opinions.
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ESMT Case Study

Danica Purg: Entrepreneurial leadership in shaping leadership development (B)

ESMT Case Study No. ESMT-814-0151-1
Subject(s)
Entrepreneurship
Keyword(s)
Stakeholder perspectives, leadership, leadership development
The teaching objectives for this four-part case series lie at two distinct levels. Ostensibly the main teaching objectives relate to understanding Danica Purg's own entrepreneurial leadership style and its appropriateness for her own as well as other small and large organizations. But never far from the surface are underlying questions and related teaching objectives about the type of managers, leaders, and entrepreneurs that the world (and particularly her part of the European world) will need in the future, and how the needed capacities can best be developed- a subject on which she has strong and provocative opinions.
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