Strategic Renewal: Past Research,Theoretical Tensions and Future Challenges

Strategic renewal has become a prominent theme in a variety of organization and management research domains in recent years. It refers to the process that allows organizations to alter their path dependence by transforming their strategic intent and capabilities. With contributions from an increasing range of theoretical perspectives and research contexts, the strategic renewal literature has become fragmented and lacks common definitions and conceptual clarity, which prevent cross‐fertilization and harm further development. This study systematically reviews the various literature streams on strategic renewal to provide a more integrative perspective. The authors identify three key theoretical tensions at the heart of strategic renewal research, namely learning vs. resource, induced vs. autonomous, and co‐alignment vs. co‐creation. By exploring these key tensions, the authors define strategic renewal's conceptual core, identify gaps in the past literature, and provide guidance for future research.     

„Da gibt es Sachen,die macht man einfach nicht“ – Deutungsmuster von Banken im Kontext von Nachhaltigkeit und Krise

Banks in Germany are experiencing a profound legitimacy crisis. In the wake of financial and economic crises, failures, and bailouts, as well as new oversight and stricter regulations, banks have lost the reputation and trust they once had. The present article uses an analysis of interpretative patterns to examine how banks seek to legitimize themselves in times of crisis, with reference to sustainability as a guiding principle of society. Following the concept of social legitimacy by new institutionalism in sociology, and based on discursive interviews with 18 representatives of German banks, we reconstructed three interpretative patterns: a) the differentiation from “bad” banks, which abandons profit-maximizing business models and promotes the moral superiority of sustainable banking, b) responsibility for society, which promotes the role and responsibility of banks as socially relevant actors that spur social change, and c) “right” return, whereby banks seek an appropriate relationship between their value orientation and a return on investments. Although a return on investment is economically necessary and confers legitimacy, it may not be understood as an end in itself. Banks discredited during the crisis can refocus on a banking model which promises social legitimacy by referring to sustainability.     

The Effects of Ethnic Minority Adolescents' Ethnic Self‐Identification on Friendship Selection

This study investigated the effects of ethnic minority adolescents' ethnic self‐identification (host country, dual, or heritage country) on friendship choices among ethnic majority and minority peers. Hypotheses were derived from similarity–attraction and social identity theory and tested using longitudinal social network data from 1,004 middle school students (five schools) in Germany. Results showed that ethnic minority adolescents' ethnic self‐identification affected friendship selection beyond ethnic homophily. While host country and dual identification was beneficial with respect to friendships with both ethnic majority and minority peers, heritage country identification was detrimental to relations with both of them.     

Research report: a software solution for rapid policy assessment with reimbursed SMS and mobile cash

In this report, we introduce a system for running reimbursed surveys via text messages and mobile cash. The key advantage of this approach is the ability to conduct rapid surveys at an extremely low cost. After reviewing existing literature, we describe an automated system for conducting such surveys and demonstrate its merits in a proof-of-principle application in India. We obtain substantive insights on the effectiveness of a policy trial that are in line with expert assessments. This application suggests that our approach can be applied to a wide range of problems including impact assessment for policy or developmental aid, and monitoring of public sentiment, and possibly monitoring of conflict dynamics.     

Target setting for indirect processes: a new hybrid method for the continuous improvement management of indirect processes

Indirect processes are increasingly contributing to the total cost of production in highly competitive and technology-intensive industries. Unfortunately, they are less assessable than direct processes due to the complex organisational management structure. Therefore, companies seeking to make improvements in indirect areas need decision support methods to indicate which indirect process needs to be improved and to what extent. To facilitate this task, the target setting for indirect processes (TSIP) method has been developed following the constructive research approach. TSIP is a combination of process modelling, the analytic network process, activity-based management from managerial accounting research and the value control chart from target costing research in a kaizen budgeting framework. This new hybrid method is developed and validated in cooperation with a global first-tier automotive supplier.     

A small world on feet of clay? A comparison of empirical small-world studies against best-practice criteria

Small-world studies were introduced by Milgram and others in the 1960s and 1970s. These studies, and a majority of variants conducted by others, display a number of methodological weaknesses that bias their results. While no explicit methodological standard exists for these studies, here I derive a number of best-practice criteria for small-world studies by pointing out mistakes of previous studies, and by applying methodological standards from other empirical research areas. Improving the methodology of letter referral studies is important, because such studies could still be useful in a number of contexts today, especially for the exploration of factors affecting targeted search processes.     

A simultaneous equation model of economic development and income inequality

The paper extends existing work on inequality and economic development by estimating a cross-country structural model that identifies bi-directional relationships between income inequality and other indicators of social and economic development. Overall, lower inequality is associated with improvements in other development indicators, but this is the result of several complex interactions. The most striking feature of the structural model is the insight it provides into the reasons behind the negative ‘Africa dummy’ in previous cross-country growth studies.     

Exact functionals and their core

Exact cooperative games or non-additive measures, coherent lower previsions and coherent risk measures are mathematically essentially the same. They are belong to the class of exact functionals on an arbitrary set of bounded functions. We investigate the exact functionals from a functional analytic point of view, i. e. we characterize this class by a norm, present a Hahn-Banach type theorem, provide a powerful construction method and adopt the concept of the core resp. σ-core from cooperative game theory. Received: December 2000; revised version: May 2001     

Qualität in der Personalberatung am Beispiel von Instrumenten der Personalauswahl

Empirical evidence shows that personnel selection methods positively contribute to the quality of the personnel selection process, which is one of the main fields of activity of personnel consultants. Unfortunately it is repeatedly mentioned in literature that selection methods could be implemented more efficiently. Personnel-consulting agencies and self-employed consultants bear a lot of responsibility regarding these aspects: they should recommend proven selection methods to their clients. In this article it is discussed how the selection process can achieve consistent quality.