Now showing 1 - 3 of 3
  • Publication
    Do Corporate Initiatives Require Coordination?
    (SMS Strategic Management Society, 2011-11-09) ;
    Keil, Thomas
    ;
    Strategic initiatives are frequently touted as a mechanism to overcome structural inertial and create flexibility in multi-business firms. Yet, empirical research suggests that these initiatives frequently fail to reach their goals. In this paper we identify limits to the autonomy of strategic initiatives and argue that the coordination of corporate initiatives through corporate initiative programs (outside of the operating structure) is able to provide benefits beyond the reach of alternative approaches. We further argue that coordination of initiatives along several succinct dimensions improve their impact in creating cross-business synergies. Our arguments contribute to literatures on horizontal coordination, strategic initiatives, heterogeneous goals and multi-business firms more generally.
  • Publication
    Organizational Control and Strategic Growth Initiatives - A Contingency Perspective
    ( 2009-10-13) ; ;
    Cardinal, Laura
    This study focuses on formal and informal control modes used by organizations to manage their growth initiatives. Drawing on the literature on growth, organizational control, and contingency theory, we develop and empirically test a set of hypotheses aimed at explaining how different types of growth initiatives are controlled to achieve superior performance. Survey data collected from 201 corporations in six industries serve to test the hypotheses. Results of moderated regression analysis highlight the importance of adopting the control mode to the specific type of initiative. An initiative's degree of internal and external risk as well as exploration are found to moderate the relationships between formal and informal control and initiative performance.
  • Publication
    Strategic Initiatives and Control
    (Academy of Management (AOM), 2008-08-10) ; ;
    Cardinal, Laura
    Based on survey data of 201 firms in six industries, this paper examines the relationship between control mechanisms and the performance of strategic growth initiatives. We differentiate control along two dimensions: formality (formal, informal) and target of control (input, behavior, and output) to examine six control mechanisms. We formulate several hypotheses stating their relationship with initiative performance. The paper makes two major contributions. First, it contributes to a clearer conceptualization and operationalization of control mechanisms. The factor analysis results support distinct control mechanisms but suggest a more complex picture for our informal control mechanisms than initially proposed. Second, the findings from the regression analysis suggest distinct relationships between these control mechanisms and performance. These findings shed new light on the execution of strategic initiatives relevant to managers driving growth in their companies and points the way for future research in the area of corporate entrepreneurship and control research.