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Article
Implementing a digital strategy: Learning from the experience of three digital transformation projects

The rapid growth of digital technologies and the extraordinary amount of data that devices and applications collect each day are increasingly driving companies to radically transform the business architecture through which they create and appropriate value. However, companies may fail to extract value from digital transformation due to the disco…

Family Business Digital
Most-cited California Management Review article on the SAGE Journals site in 2023
By Alessia Correani, Alfredo De Massis, Federico Frattini, Antonio Messeni Petruzzelli and Angelo Natalicchio
in California Management Review
2020, vol. 62, no. 4, pp. 37-56, https://doi.org/10.1177/0008125620934
Implementing a digital strategy: Learning from the experience of three digital transformation projects
By Alessia Correani Alfredo De Massis Federico Frattini Antonio Messeni Petruzzelli and Angelo Natalicchio
in California Management Review 2020, vol. 62, no. 4, pp. 37-56, https://doi.org/10.1177/0008125620934
Summary
The rapid growth of digital technologies and the extraordinary amount of data that devices and applications collect each day are increasingly driving companies to radically transform the business architecture through which they create and appropriate value. However, companies may fail to extract value from digital transformation due to the disco…
Most-cited California Management Review article on the SAGE Journals site in 2023
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Article
The COVID-19 pandemic and family business performance

This study examines the impact of the COVID-19 pandemic on corporate financial performance using a unique, cross-country, and longitudinal sample of 3350 listed firms worldwide. We find that the financial performance of family firms has been significantly higher than that of nonfamily firms during the COVID-19 pandemic, accounting for pre-pandem…

Family Business Performance Management Resilience
Listed among the top 10 most downloaded papers for 2023 in Small business economics: An entrepreneurship journal
By Ivan Miroshnychenko, Giorgio Vocalelli, Alfredo De Massis, Stefano Grassi and Francesco Ravazzolo
in Small Business Economics
10 April 2023, ePub before print, https://doi.org/10.1007/s11187-023-00766-2
The COVID-19 pandemic and family business performance
By Ivan Miroshnychenko Giorgio Vocalelli Alfredo De Massis Stefano Grassi and Francesco Ravazzolo
in Small Business Economics 10 April 2023, ePub before print, https://doi.org/10.1007/s11187-023-00766-2
Summary
This study examines the impact of the COVID-19 pandemic on corporate financial performance using a unique, cross-country, and longitudinal sample of 3350 listed firms worldwide. We find that the financial performance of family firms has been significantly higher than that of nonfamily firms during the COVID-19 pandemic, accounting for pre-pandem…
Listed among the top 10 most downloaded papers for 2023 in Small business economics: An entrepreneurship journal
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Article
The lean impact start-up framework: Fueling innovation for positive societal change

How can innovative solutions to address societal grand challenges be cultivated in a pragmatic and impactful way? In this article, we propose the “lean impact start-up” framework, which integrates the principles of the lean start-up methodology with fresh perspectives from new stakeholder theory—and specifically, stakeholder governance. The lean…

Social Innovation Entrepreneurship
By Sophie Bacq and Stephanie Wang
in Journal of Management
5 April 2024, ePub before print, https://doi.org/10.1177/01492063241240713
The lean impact start-up framework: Fueling innovation for positive societal change
By Sophie Bacq and Stephanie Wang
in Journal of Management 5 April 2024, ePub before print, https://doi.org/10.1177/01492063241240713
Summary
How can innovative solutions to address societal grand challenges be cultivated in a pragmatic and impactful way? In this article, we propose the “lean impact start-up” framework, which integrates the principles of the lean start-up methodology with fresh perspectives from new stakeholder theory—and specifically, stakeholder governance. The lean…
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Article
Are family firms green?

This study examines environmental management practices of 1690 family and nonfamily firms from 29 countries and 19 industrial sectors over an 8-year period. We show that the family effect on firm environmental management practices ranges substantially, from extremely negative to no effect at all. Moreover, the magnitude of the effect depends on …

Sustainability Family Business
By Ivan Miroshnychenko, Danny Miller, Alfredo De Massis and Isabelle Le Breton-Miller
in Small Business Economics
14 March 2024, ePub before print, https://doi.org/10.1007/s11187-024-00907-1
Are family firms green?
By Ivan Miroshnychenko Danny Miller Alfredo De Massis and Isabelle Le Breton-Miller
in Small Business Economics 14 March 2024, ePub before print, https://doi.org/10.1007/s11187-024-00907-1
Summary
This study examines environmental management practices of 1690 family and nonfamily firms from 29 countries and 19 industrial sectors over an 8-year period. We show that the family effect on firm environmental management practices ranges substantially, from extremely negative to no effect at all. Moreover, the magnitude of the effect depends on …
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Article
The goal and performance heterogeneity of academic spinoffs

We argue that the divergent motivations underlying their creation and goals can contribute to the varying performance of academic spinoffs. Through a quantitative study on a sample of 778 academic spinoffs established by 59 Italian state universities from 2006 to 2015, we show that academic spinoffs established (1) for extrinsic monetary motivat…

Entrepreneurship Performance Management
By Alice Civera, Alfredo De Massis, Michele Meoli and Silvio Vismara
in Technovation
March 2024, vol. 131, 102972, https://doi.org/10.1016/j.technovation.2024.102972
The goal and performance heterogeneity of academic spinoffs
By Alice Civera Alfredo De Massis Michele Meoli and Silvio Vismara
in Technovation March 2024, vol. 131, 102972, https://doi.org/10.1016/j.technovation.2024.102972
Summary
We argue that the divergent motivations underlying their creation and goals can contribute to the varying performance of academic spinoffs. Through a quantitative study on a sample of 778 academic spinoffs established by 59 Italian state universities from 2006 to 2015, we show that academic spinoffs established (1) for extrinsic monetary motivat…
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Article
When top managers’ temporal orientations collide: Middle managers and the strategic use of the past

Use-of-the-past research has advanced our understanding of how top managers instrumentalize past knowledge, events, and rhetorical constructions to advance their present-day interests. However, it is unclear how they use the past when they have divergent understandings of the past and different visions of the future. Temporal tensions can lead t…

General Management Leadership Strategy
By Innan Sasaki, Masahiro Kotosaka and Alfredo De Massis
in Organization Studies
20 February 2024, ePub before print, https://doi.org/10.1177/01708406241236604
When top managers’ temporal orientations collide: Middle managers and the strategic use of the past
By Innan Sasaki Masahiro Kotosaka and Alfredo De Massis
in Organization Studies 20 February 2024, ePub before print, https://doi.org/10.1177/01708406241236604
Summary
Use-of-the-past research has advanced our understanding of how top managers instrumentalize past knowledge, events, and rhetorical constructions to advance their present-day interests. However, it is unclear how they use the past when they have divergent understandings of the past and different visions of the future. Temporal tensions can lead t…
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Article
Long-term orientation, family-intensive governance arrangements, and firm performance: An institutional economics perspective

In this study, we examine the effect of cultural long-term orientation on the likelihood of adopting more family-intensive governance arrangements (FGAs) and the impact on firm performance. FGAs may impose various costs on the firm, including the extraction of private benefits, conflicts with professional managers, paternalistic human resource m…

Family Business Performance Management Strategy
By Michele Pinelli, Francesco Debellis and Alfredo De Massis
in Small Business Economics
17 February 2024, ePub before print, https://doi.org/10.1007/s11187-024-00877-4
Long-term orientation, family-intensive governance arrangements, and firm performance: An institutional economics perspective
By Michele Pinelli Francesco Debellis and Alfredo De Massis
in Small Business Economics 17 February 2024, ePub before print, https://doi.org/10.1007/s11187-024-00877-4
Summary
In this study, we examine the effect of cultural long-term orientation on the likelihood of adopting more family-intensive governance arrangements (FGAs) and the impact on firm performance. FGAs may impose various costs on the firm, including the extraction of private benefits, conflicts with professional managers, paternalistic human resource m…
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Article
See who I know! Addressing the liabilities of outsidership through status signaling

Status is an important intangible asset, yet when firms enter new countries, they lack standing in new social hierarchies as outsiders. Conventional wisdom suggests embeddedness in host-country networks can alleviate newcomers’ liability of outsidership. We complement this with insights from status signaling theory: Newcomers in host countries c…

Family Business
By Michael Carney and Marleen Dieleman
in Journal of International Business Studies
February 2024, vol. 55, pp. 377–395, https://doi.org/10.1057/s41267-023-00662-7
See who I know! Addressing the liabilities of outsidership through status signaling
By Michael Carney and Marleen Dieleman
in Journal of International Business Studies February 2024, vol. 55, pp. 377–395, https://doi.org/10.1057/s41267-023-00662-7
Summary
Status is an important intangible asset, yet when firms enter new countries, they lack standing in new social hierarchies as outsiders. Conventional wisdom suggests embeddedness in host-country networks can alleviate newcomers’ liability of outsidership. We complement this with insights from status signaling theory: Newcomers in host countries c…
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Article
CEOs and CFOs, take note: The 3 pillars of successful GenAI adoption

By 2026, it’s predicted that over 80% of organizations will have employed generative artificial intelligence (GenAI) in some capacity, up from less than 5% in 2023 but only 16% will do it successfully. Successful implementation of GenAI hinges on three main factors: the financial value it can bring to the organization, the availability of releva…

Artificial Intelligence Technology Management Strategy
By José Parra-Moyano and Kalin Anev Janse
in WEF Forum
22 April 2024
CEOs and CFOs, take note: The 3 pillars of successful GenAI adoption
By José Parra-Moyano and Kalin Anev Janse
in WEF Forum 22 April 2024
Summary
By 2026, it’s predicted that over 80% of organizations will have employed generative artificial intelligence (GenAI) in some capacity, up from less than 5% in 2023 but only 16% will do it successfully. Successful implementation of GenAI hinges on three main factors: the financial value it can bring to the organization, the availability of releva…
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Article
CEO nelle imprese familiari: come scegliere l’ad in azienda

Choosing a CEO is a crucial decision for any company, but it becomes particularly complex in family businesses. This difficulty stems from the need to balance a number of factors, including managerial skills, family dynamics, company tradition, and growth goals.

Leadership Family Business Strategy
By Alfredo De Massis
in We Wealth
16 April 2024
CEO nelle imprese familiari: come scegliere l’ad in azienda
By Alfredo De Massis
in We Wealth 16 April 2024
Summary
Choosing a CEO is a crucial decision for any company, but it becomes particularly complex in family businesses. This difficulty stems from the need to balance a number of factors, including managerial skills, family dynamics, company tradition, and growth goals.
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Book
The future-ready leader: Accelerated learning for business success

If you’re a business leader looking to stay ahead of the curve, this book is an essential guide. It offers a comprehensive overview of the major trends shaping the future of business, drawing on reviews of 70 recent management books and interviews with 21 senior leaders. What sets this book apart is that it’s grounded in the real-world experienc…

Leadership Disruption Change Management Strategy
By Peter Lorange and Karin Mugnaini
Published By Springer, © 2023
The future-ready leader: Accelerated learning for business success
By Peter Lorange and Karin Mugnaini
Published By Springer ©2023
Summary
If you’re a business leader looking to stay ahead of the curve, this book is an essential guide. It offers a comprehensive overview of the major trends shaping the future of business, drawing on reviews of 70 recent management books and interviews with 21 senior leaders. What sets this book apart is that it’s grounded in the real-world experienc…
Copyright ©2023
Copyright owner External Copyright
Available Languages English
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Book
IMD World Competitiveness Yearbook: 2023

Now in its 35th year, the IMD World Competitiveness Yearbook continues to serve as a beacon for governments, businesses, and individuals as they seek to navigate the complex landscape of global competitiveness. Our annual assessment sheds light on the key factors that drive and shape the comparative data, providing valuable insights and benchmar…

Competitiveness Economics Data Analytics
By Arturo Bris, Christos Cabolis, José Caballero and Marco Pistis
Published By International Institute for Management Development, © 2023
IMD World Competitiveness Yearbook: 2023
By Arturo Bris Christos Cabolis José Caballero and Marco Pistis
Published By International Institute for Management Development ©2023
Summary
Now in its 35th year, the IMD World Competitiveness Yearbook continues to serve as a beacon for governments, businesses, and individuals as they seek to navigate the complex landscape of global competitiveness. Our annual assessment sheds light on the key factors that drive and shape the comparative data, providing valuable insights and benchmar…
Copyright ©2023
Copyright owner IMD Copyright
Available Languages English
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Research Information & Knowledge Hub for additional information on IMD publications