infonet-economy

A new study by the IfB-HSG and Roland Berger Strategy Consultants reveals how chief strategy officers deal with the current uncertainty. A leaner strategy process, long-term strategic planning, and cross-functional collaboration are particularly important.

When predicting the next outcome in a sequence of events, people often appear to expect streaky patterns, such as that sport players can develop a “hot hand,” even if the sequence is actually random. This expectation, referred to as positive recency, can be adaptive in environments characterized by resources that are clustered across space or time (e.g., expecting to find multiple…

This study report summarizes the results of the first systematic survey of chief strategy officers (CSOs) in Austria, Germany, and Switzerland, a research project jointly conducted by the University of St. Gallen and Roland Berger Strategy Consultants. The study aims at deepening our understanding of the CSO's roles, background, working relationships, strategic decision-making,…

By comparing Lucent Technologies and Cisco Systems over twenty years, one illustrates that a firm that outsources exploration through an Acquisition and Development (A&D) strategy of start-ups and exploitation specialization can be more innovative and competitive than an ambidextrous organization. The success of an A&D strategy depends on the embeddedness of the firm in the…

The choice overload hypothesis states that an increase in the number of options to choose from may lead to adverse consequences such as a decrease in the motivation to choose or the satisfaction with the finally chosen option. A number of studies found strong instances of choice overload in the lab and in the field, but others found no such effects or found that more choices may…

This paper examines whether the predictability of securitized real estate returns differs from that of stock returns. It also provides a cross-country comparison of securitized real estate return predictability. In contrast to most of the literature on this issue, the analysis is not based on a multifactor asset pricing framework as such analyses may bias the results.We use a time…