This study examines whether a firm's business strategy is an underlying determinant of downside risk in accounting earnings and its components. Based on organizational theory we predict that firms following an innovative “prospector” strategy exhibit lower profitability tendencies than firms...

As the strategic process is usually within a normative rational approach without taking into consideration the distribution of power inside the organization, this paper aims at clarifying how the distribution of power may affect strategy formulation and implementation effectiveness by...

The aim of this article is to compare the characteristics of the partnering model between the human resource management (HRM) area and line managers (LM) in national and multinational companies, highlighting significant differences, in particular those relating to professional competence. A...

This paper proposes a performance and cost measurement system that integrates the Economic Value Added criteria (EVA) with Process Based Costing (PBC). The EVA-PBC methodology allows us to implement the EVA management logic non only at the firm level, but also at lower levels of the...

Miles-Snow strategic typology has been successfully used in research, in strategy, and in organizational design. The key dimension underlying Miles-Snow typology is the organizational response to changing environmental conditions. In this paper, a new model is proposed with an extended...

The article presents a part of the results of research conducted by the Strategic Management Department of the Wrocław University of Economics. The study was conducted on a sample of 150 companies (3 separate samples [small, medium and large companies] each with N = 50 entities). The...

This paper deals with the impact of voluntary strategy disclosure in management reports on the cost of equity capital. Such an impact is not obvious, as investors might consider strategy information as “cheap talk” and therefore ignore it. We analyze a sample of 100 German listed firms from...

"Die traditionelle Budgetsteuerung ist überholt und verursacht mehr Schaden als Nutzen. Die klassische Budgetsteuerung ist zu zeitaufwändig, zu unflexibel, zu bürokratisch und verhindert heute die Nutzung des vollen Potentials eines Unternehmens". [Daum, H./2006]. Trotz dieser These findet...

Hidden Champions (HCs) are firms unknown to the wider public, but global leaders in the niche markets they serve. This paper looks at distinctive features of these firms, focusing on their dynamic capabilities. Employing a unique data base on German firms, we identify a representative sample of...