Stanford LEAD’s Post

For all the small business owners in my network this is a great podcast to highlight the importance of a holistic approach to business health and why you shouldn’t forget the why…. #wellbeing #businessdevelopment #mentalhealth #business #entrpenuers Kat Sykes 🌈 Mary Poppins of Change Pablo Munoz

I stumbled upon a YouTube video from 2022 while doing research for my DBA—it feels like just yesterday. The video captured my experience, from emerging from the challenging COVID era to a renewed sense of normalcy. Back then, I shared insights on navigating business as an MBA graduate. Fast forward to today, and those theoretical discussions have become real-life experiences. Reflecting on this journey has deepened my understanding of the connection between academic theories and practical application. I'm thrilled to continue this exploration through my doctoral research, which promises to uncover even more valuable insights! #DBA #MBA #BusinessInsights #ReflectingOnGrowth #HenleyAfrica

So -- its an election year. How does this affect businesses strategic planning? Thomas J. Chermack (I recommend his book on Amazon) and the Oxford Scenario Planning Approach (OSPA) are both great resources involving the concept of "Scenario Planning." Election years are a great time to consider multiple scenarios that the business could face and understand various and/or alternative threats and opportunities (external factors) that could arise in the increased industry dynamics (e.g., turbulence -- often described by the acronyms of VUCA, BANI, RUPT, or TUNA). By testing the firm's internal factors (strengths and weaknesses) across multiple scenarios -- businesses can assess what key functions, processes, units, etc.; are more sensitive to change (e.g., increased risks or more unique opportunities). Using a few scenarios that could follow either, both, or all outcomes of an election can help businesses create a more dynamic strategy, a more aggressive and opportunistic posture, and hedge against some risks as necessary. As many businesses are coming up to either mid-cycle or a new fiscal year -- this moment is an opportunity for businesses to be strategic, opportunistic, creative, and to emerge stronger. Elections can have significant impacts on business operations. I recommend researching scenario planning in this election year to be advantageous and turn political uncertainty into opportunity. We teach strategic alignment to industry turbulence at School Of Business and Management at Azusa Pacific University if you are considering an #mba. There is still time to enter the August term! Wendi Dykes McGehee, Ph.D. Marlon Ware, DBA Chelsea D. Harris, M.A. Leung School of Accounting

📊 The Iceberg Principle in Business 🌊 As an International Business student, I've come across many frameworks that highlight the importance of understanding the full scope of business challenges. One of the most impactful diagrams I've studied is the Iceberg Principle. Recently, in my Marketing Research class, this concept came up again, and it reinforced its relevance in today's business landscape. The Iceberg Principle shows how decision-makers often focus on obvious, measurable symptoms like decreased market share, loss of sales, or low traffic—essentially the visible part of the iceberg. However, beneath the surface, there are deeper, more significant issues like low-quality products, inappropriate delivery systems, or even unethical treatment of customers. 🌊 🔍 Why is marketing research important? It helps us dive below the surface to uncover the real problems, not just the symptoms. By using solid research, businesses can make better, more informed decisions. 🔑 Key takeaway: Success comes from diving deeper, identifying the root causes, and solving the real problems, not just reacting to the symptoms #BusinessInsights #IcebergPrinciple #MarketingResearch #InternationalBusiness #CriticalThinking

Social profit orientation. It's the new "CSR strategy" and "ESG initiative" for organizations to benefit their own people and profits as well as general society. #SocialProfitOrientation #FordhamGabelliSchoolOfBusiness #FordhamMarketing #CorporateAuthenticity 🌟

Tim Swift, Ph.D., and I began this paper as part of his doctoral work well over a decade ago. It has undergone many iterations over the years and I am delighted to see it published. We are greatly indebted to the Special Issue editors, the late and wonderful Jose de la Torre and Peter Buckley, the journal editors Michael Leiblein and Jeff Reuer, as well as the anonymous reviewers who all helped us shape the final version. Agency Theory and Slack Resources: A Penrosean Analysis of Innovation Strategy, Strategic Management Review,  Vol. 5: No. 1-2, pp 75-90. https://lnkd.in/eVHDt3Ay In this paper, we describe the precise nature of Penrose's unique contribution and how it has been modified and improved over time in the specific context of innovation strategy. We develop an analytical model integrating her insights with agency theory. In so doing, we demonstrate that agency theorists' advocacy of strong corporate governance (to curb managerial opportunism) and minimization of slack have opportunity costs. These costs arise as restrictions on managerial freedom of action and access to liquid resources may simultaneously inhibit innovation efforts.

Just wrapped up a dynamic session in my Analysis of Corporate Policy class at FIU Chapman Graduate School of Business where we navigated the strategic contours of Wright's seminal 1987 paper. We explored how Wright reimagined Porter's iconic strategies to better fit the fast-paced and diverse terrain of today's business world. 🌐💼 Wright didn't just revise the roadmap; he gave us a GPS for strategic decision-making. He understood that a startup's agility and a multinational's might call for different navigational tools. We dissected how being cost-effective is more than just slashing prices – it's about smart investments in tech and processes. Differentiation isn't merely about standing out, but about telling a story that resonates. And focusing? It's about knowing your lane and owning it, ready to shift gears as the market evolves. 🚀 Today's class was more than just a lesson; it was a strategic awakening, reminding us that change is the only constant in business. Thanks to Lucia De Paz for capturing this moment of intellectual exploration – the energy in the room was electric! ⚡ Stay adaptable. Stay strategic. #BusinessStrategy #Wright1987 #StrategicManagement #InnovationInEducation #SaturdaySchool

🎓🌐Faculty Research Highlight! 📚💻 Check out the latest publication from Sorrell College of Business faculty members, Drs. Ying Schwarte and Ping He. Their research is published in the Journal of Management and Governance! Photo: Ping He (pictured left) and Ying Schwarte (pictured right). Publication: The effects of institutional investors and munificence on board chair orientations 🌟Purpose: To investigate how different behaviors among institutional investors influence the board chair-CEO relationship and how environmental munificence moderates these effects. 📋Design/Methodology: Analyzes the impact of dedicated vs. transient institutional investor ownership on board chair orientations and examines how resource abundance or scarcity alters these relationships. 🔍Findings: • High dedicated investor ownership leads board chairs to exhibit both control and collaboration with CEOs. • High transient investor ownership reduces board chair collaboration with CEOs. • Environmental munificence significantly modifies the impact of investor ownership structures on board chair orientations. This research enriches the understanding of corporate governance and offers practical insights for navigating the complex dynamics between institutional investors, board chairs, and CEOs. Read the full paper here: https://lnkd.in/dztefwcv #troyuniversity #sorrellcollegeofbusiness #sorrellgeeks

Just as strategy must change and adapt, so too must its practitioners determine when the strategy has run its course. The Strategy Bridge’s journal will remain online and it will remain free as it always has, a repository of the work of our community, as a resource for future research, and as a marker on the path to our community’s development and the development of those who will come next. https://lnkd.in/eci7EuCN

Business is only about future ready; this course helps me in ready for the future to understand the business complications and prepare accordingly to meet the business challenges to induce growth.