Now showing 1 - 10 of 26
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Auf dem Weg zum Stakeholder-Kapitalismus: Merkmale und Konsequenzen einer sich verändernden institutionellen Logik

2023 , Günter Müller-Stewens , Joachim Stonig , Artur Baldauf , Manfred Bruhn , Peter Gomez , Margit Osterloh , Dieter Pfaff , Wolfgang Stölzle , Georg von Krogh , Martin Wallmeier

Processes of institutionalization shape how decisions are made and actions are taken in companies. In recent years, calls for a change in the dominant institutional logic have become louder both in corporate practice and in the academic debate. Many are advocating for "stakeholder capitalism". In this overview article, we explain the background and characteristics of the stakeholder logic and distinguish it from the previous investor logic and corporate logic. In the second part, we analyze how a stakeholder logic is likely to affect the elements of organization design.

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Digitale Transformation: Werttreiber beim Aufbau plattformbasierter Ökosysteme in etablierten Unternehmen

2019 , Müller-Stewens, Günter , Stonig, Joachim

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Navigating the Shaping Paradox: A Longitudinal Study in the European Chemical Industry

2023 , Heinrich-Jakob Wild , Joachim Stonig , Karolin Frankenberger

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Organizational Structure and Managerial Role Conflict During Strategic Renewal: The Case of Digital Insurance

2022-09 , Stonig, Joachim , Miehé, Lucas

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From Product System to Ecosystem: How Firms Adapt to Provide an Integrated Value Proposition

2022 , Stonig, Joachim , Schmid, Torsten , Müller-Stewens, Günter

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Unternehmens-Ökosysteme und Plattformen:Auf dem Weg zu einem geteilten Verständnis

2019 , Müller-Stewens, Günter , Stonig, Joachim

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A Process Model of Incumbents’ Initiatives to Build New Complementary Assets

2023-05 , Joachim Stonig , Heinrich-Jakob Wild , Karolin Frankenberger

Many incumbent firms are confronted with technological changes that threaten their complementary assets. Alas, there is scant research about the intra-organizational processes that enable effective responses to this type of discontinuity. Our multiple case study in the European chemical industry illustrates how incumbents manage strategic initiatives that develop new complementary assets, namely digital platforms for selling and distributing chemicals. Drawing on research of strategy processes and complementary-asset discontinuities, we develop a multi-level process model of gradual uncoupling: to build novel complementary assets, initiatives must first uncouple from horizontal relationships with line and functional middle managers, and subsequently uncouple from top management control. We show that alternative incumbent outcomes, such as knowledge transfer and/or modifications of existing complementary assets, result from processes that fail to engage in uncoupling. Our main contributions are to (1) provide a process perspective on incumbent adaptation to complementary-asset discontinuities, (2) contextualize extant literature on strategy processes for this type of change, and (3) detail how incumbents can leverage their core business to build digital platform businesses.

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Business Ecosystems and Platforms:Towards a Shared Understanding

2019 , Müller-Stewens, Günter , Stonig, Joachim

Supplement to the special issue on "Business Ecosystems" in the journal "Die Unternehmung" (4/2019)

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Navigating the Challenges of Ecosystem Emergence: A Multi-Level Review of Leader and Complementor Strategies

2019 , Stonig, Joachim , Müller-Stewens, Günter

Business ecosystems are currently transforming many established sectors. Understanding how ecosystems emerge and influence strategic outcomes is thus an important concern for academics and managers of incumbent firms alike. Ecosystems result from configuration processes where an ecosystem leader aligns multiple independent but complementary organizations to offer an integrated solution to meet a specific and often complex customer need. In this review, we analyze empirical research on the processes and outcomes of ecosystem emergence. We structure our findings along three analytical levels, highlighting the changes that ecosystems engender in competitive dynamics, the inter-organizational relationships, and the required internal organization of the participating firms. Ecosystem participants, leaders and complementors have to navigate the creation phase dynamically and then develop the strategic activities suited to their eventual role in the ecosystem.

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Orchestrating Innovation Ecosystems: Performance Effects of Governance Mechanisms and the Moderating Role or Novelty

2023 , Joachim Stonig , Karolin Frankenberger