O&M at the AoM

9 August 2008 at 9:27 am 1 comment

| Peter Klein |

Ah, Los Angeles . . . land of “tattoos, breast implants, bleached hair, and vacuous egos,” as Nicolai recently wrote on Facebook. And then there are the people not in town for the Academy of Managment meeting!

As readers may know, the AoM is meeting this week in Anaheim. The O&M crowd is well represented, as usual. You can search the online program for your favorite person, subject, or interest area. Below are some of the sessions involving O&Mers, past and present:

Historical Foundations of Entrepreneurship Research

Entrepreneurship is a relatively young field that often has been regarded as rather ahistorical. In the last few years, however, we can identify some changes among entrepreneurship scholars that show renewed interest in the history of entrepreneurship both in teaching and research. These trends include increasingly self-reflective research with a stronger focus on the internal knowledge development within the field, and, in turn, a stronger interest in earlier contributions to entrepreneurship knowledge. In addition, entrepreneurship research has been increasingly theory driven, because in order to fully understand entrepreneurship, scholars need inputs from several disciplines including psychology, sociology, economics, and marketing. Theories from these disciplines, however, each have their own history and assumptions from which they developed, so in order to understand these theories, entrepreneurship researchers must understand the intellectual background from which each has emerged. Accordingly, in this symposium we first provide a general overview of the field’s development. Next, different presenters will review several foundational (e.g., environmental uncertainty, entrepreneurship orientation, and liability of newness) and emerging (e.g., social entrepreneurship) research streams to demonstrate how history matters in entrepreneurship studies. We conclude by recommending avenues and historical methods for future research.

Historical Perspectives in Entrepreneurship Research
Presenter: Hans Landstrom; Lund U.;

Environmental Uncertainty and Firm-level Entrepreneurship
Presenter: Patrick Kreiser; Ohio U.;
Presenter: Louis Marino; U. of Alabama;

Overcoming the liability of newness: A review and research agenda
Presenter: Brian Nagy; U. of Alabama;
Presenter: Franz T. Lohrke; Brock School of Business, Samford U.;

Social Entrepreneurship: A Review and Research Agenda
Presenter: Todd W. Moss; Texas Tech U.;
Presenter: Jeremy Collin Short; Texas Tech U.;
Presenter: G. T. Lumpkin; Texas Tech U.;

Entrepreneurial Alertness
Presenter: Nicolai Foss; Copenhagen Business School;
Presenter: Peter G Klein; U. of Missouri;

How History Matters In Entrepreneurship Research: Entrepreneurship In Ethnic Chinese Communities
Presenter: David Ahlstrom; Chinese U. of Hong Kong;
Presenter: Linda Chang Wang; Chinese U. of Hong Kong;

Historical Methods and the Dynamics of Entrepreneurship
Presenter: Daniel Wadhwani; U. of the Pacific;

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Why Should We Care About Property Rights Theory? RBV,Implicit Contracts, and Corporate Strategy

Firms strategize to realize their potential. Contracting within and between firms is at the heart of strategizing. There are four components to the nature of contracting: subject matter, ex-ante context, ex-post context, and the contract. Competitiveness of firms depend on how well their resources or bundles of property rights (Coase, 1960) embedded on those resources are managed. Hence, we recognize the duality in conceptualizing firms as bundles of resources (Penrose 1959) or bundles of property rights (Coase, 1960) materialized as the nexus of contracts (Jensen and Meckling, 1976; Alchian and Demsetz, 1972). Property rights theory focuses on the prevention of ex-ante contracting hazards by allocating ownership rights over assets to provide incentives to generate the desired effort. This symposium is an attempt to highlight the potential contributions of property rights to various aspects of strategizing. Specifically, the symposium suggests that property rights theory can be effective in (i) recognizing that competitive positions are based on the exploitation of captured and protected valuable property rights, (ii) explaining the gap between the creation of expected value and appropriation of realized value; (iii) rationalizing the existence and effectiveness of new forms of corporate organization other than large corporations where majority of the economic activity occurs; (iv) enhancing RBV by taking into account the relationship between different property rights regimes and competitive advantage; (v) understanding why similar corporate transactions of competitors are governed by different mechanisms; and (vi) guiding investment decision in high-technology settings where there is high-uncertainty and implicit contracting.

Why do We Observe Heterogeneous Governance Choices for Similar Transactions?
Presenter: Asli Musaoglu Arikan; Georgia State U.;
Presenter: Joseph Mahoney; U. of Illinois, Urbana-Champaign;

Property Rights and Strategic Management: Research Opportunities
Presenter: Jay B Barney; The Ohio State U.;

Reading Tea Leaves Through a Warped Crystal Ball:Performance Assessments Under Uncertainty
Presenter: Russell Coff; Emory U.;
Presenter: Rodolphe Durand; HEC Paris;
Presenter: Violetta Gerasymenko; HEC Paris;

Expectations, Contracting, And Rivalry: A Property Rights Perspective On Competitive Strategy
Presenter: Kirsten Foss; Copenhagen Business School;
Presenter: Nicolai Foss; Copenhagen Business School;

The Limits Of Incorporation
Presenter: Jay Horwitz; U. of Toronto;
Presenter: Anita McGahan; U. of Toronto;

Resource-Based and Property Rights Perspectives on Economic Value Creation
Presenter: Joseph Mahoney; U. of Illinois, Urbana-Champaign; 

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Why should Organization Scientists Care about the Philosophy of Science?

The purpose of this proposed symposium is to seek answers to the question “Why should organization scientists care about the philosophy of science?” We bring together a diverse group of scholars from different theoretical and epistemological backgrounds to discuss the philosophical foundations of organization science and to offer their unique perspectives on why philosophy matters to the field. While philosophical questions tend to get trumped by theoretical and empirical analysis of organizations, our aim in this proposed symposium of the BPS, OMT, and RM divisions is specifically to examine the relevance of epistemology for research practice. The symposium participants and their papers address the following questions: What are the underlying epistemological assumptions and foundations of organization science and why should we care? Which ontological and epistemological “isms” do we encounter within the discourses of organizational science and how are they related and relevant to our practice as scientists? What are some of the philosophical misunderstandings that confuse us and perhaps hamper constructive debate? Which types of causal explanations help us best understand organizations and their heterogeneity? Finally, what are the practical, that is, managerial or societal, considerations related to our epistemological assumptions? Along with panelist presentations, ample time will be set aside for panel and audience interaction regarding questions delineated in this symposium.

Reasoning as Rhetoric in Organization Science
Presenter: Mikko Ketokivi; Helsinki U. of Technology;
Presenter: Saku Mantere; Swedish School of Economics and Business Administration;

Why and How do Theory Groups Get Ahead in Organization Science?
Presenter: Mihnea Calin Moldoveanu; U. of Toronto;

Brokerage in Closed versus Open Knowledge Production Systems
Presenter: Mary Dunn; U. of Texas at Austin;
Presenter: Martin J. Kilduff; U. of Cambridge;

Managerial Rationality between Clouds and Clocks: Implications for the Organizational Sciences
Presenter: Teppo Felin; Brigham Young U.;
Presenter: Nicolai Foss; Copenhagen Business School;

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Exploring the Competitive Dynamics of Business Groups in Emerging Markets

Organizer: Asli M. Colpan; Kyoto U.;
Organizer: Takashi Hikino; Kyoto U.;
Organizer: James R Lincoln; U. of California, Berkeley;
Participant: Andrew Delios; National U. of Singapore;
Participant: Mauro F Guillen; U. of Pennsylvania;
Participant: Hicheon Kim; Korea U. Business School;
Participant: Richard N. Langlois; U. of Connecticut;
Participant: Luiz F. Mesquita; Arizona State U.;
Participant: Behlul Usdiken; Sabanci U.;

The present symposium proposes a perspective that aims to reveal the competitive resilience and innovative dynamics of diversified business groups, a common yet critical form of large enterprises in emerging markets. Rather than disparaging such business groups as a second-best substitute to multidivisional enterprises that remain prominent in mature economies, the panel attempts to comprehend the reasons why the business groups have actively driven the long-term growth of most industrializing economies. Exploring such critical topics such as ownership and governance, strategy and structure, leadership and management as well as economic and social backgrounds of business groups, the symposium synthesizes and integrates empirical research on individual national experiences stretching from Asia to Latin America and Middle East. Because the panelists come from a wide variety of disciplinary backgrounds including strategy, international management, organizational behavior, economics and sociology, the panel offers diverse and balanced perspectives on business groups. Business groups have mostly adopted well in macroeconomic, microeconomic, and political turmoil such as serious financial crises in Latin America and Asia. Even liberalized market environments since the 1980s, which theoretically should have forced strategic reforms towards more focused business portfolios where each group possesses competitive advantages, have not really undermined the strategic and operational model of unrelated diversification of business groups. They have maintained or even increased their collective economic standing in relevant national markets. It is the systematic examination of these economic viabilities and competitive capabilities of business groups that critically differentiates the present panel from previous attempts on the similar subject.

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Back to the Source: Continuing the Conversation with Barnard

In keeping with this year’s Academy theme, this symposium revisits the foundational inquiry of Chester Barnard. He formulated the field’s core questions: What are the fundamental elements and processes of organizing? How do organizations endure? What are the basic functions of the executive? Barnard’s answers led directly to Herbert Simon’s first classic, Administrative Behavior, and his second with James March, Organizations. Barnard’s conceptualization of the decision as the object of analysis was integral to founding and developing organization science as a field and to advancing administrative practice as a profession. Despite this profound influence, however, Barnard’s original contributions remain hidden because (1) the field knows Barnard primarily through Simon, (2) Barnard is difficult to read and interpret, and (3) few scholars have developed his work since Simon. This symposium aims to bring Barnard back to the center of attention, to make his work more understandable, and to stimulate interest in recovering and pursuing his line of inquiry.

Barnard as the Basis for a General Theory of Management
Presenter: William Wolf; Cornell U.;

Barnard: The Last Word on Decision Making
Presenter: Ellen O’Connor; U. of Paris Dauphine;

The Functions of the Executive: A System’s View of the Organization
Presenter: Joseph Mahoney; U. of Illinois, Urbana-Champaign;

Chester Barnard and The Functions of the Executive: Ethical implications for managers 70 years on
Presenter: Paul C Godfrey; Brigham Young U.;

Moral Identity as a Foundation for Executive Responsibility: Barnard’s View
Presenter: Milorad M. Novicevic; U. of Mississippi;

Chester Barnard’s “Moral Leadership”: Lessons from the Past, for the Present
Presenter: Daniel A Wren; U. of Oklahoma;

Entry filed under: - Klein -, Conferences, Entrepreneurship, Institutions, Management Theory, Methods/Methodology/Theory of Science, Strategic Management, Theory of the Firm.

Laptop Bleg Organizational Structure and the Diversification Discount

1 Comment Add your own

  • 1. Kir1  |  10 August 2008 at 11:28 pm

    Thanks for blogging about this. I’m attending AOM, but weren’t aware of “Why Should We Care About Property Rights Theory? RBV,Implicit Contracts, and Corporate Strategy”

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Nicolai J. Foss and Peter G. Klein, Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds., The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein, The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois, The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss, Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds., Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds., Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
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Nicolai J. Foss and Paul L. Robertson, eds., Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).