Suchergebnisse

A central premise of business groups is that controlling shareholders seize disproportionate control in excess of their ownership as a means of becoming and remaining competitive. We reexamine this axiom by exploring the relationship between excess control rights and performance outcomes in business groups. Using a sample of 106 Taiwanese business groups, we confirm that the effects of excess control in business groups are double edged, such that group-level excess control exhibits an inverted U-shaped relationship with group performance. At the same time, results show that when group-level excess control is high, there is a stronger negative relationship between firm-level excess control and firm performance. Moreover, the study indicates that the detrimental effect of excess control is less pronounced in business groups that are governed by family members or by professional managers. Findings offer a far deeper view than previously proposed on the excess control phenomenon in business groups, and the need to distinguish firm performance from group performance.

Growth in the sophistication of information technology (IT) has led to the increasing importance of information accessibility in the workplace. The pervasiveness of the resultant knowledgebased economy has centered attention on issues of employee group identity. In this article we explore how employee perceptions of group membership guide the change outcomes of an organization implementing new information technology. Using a social identity framework, we investigate the salient intergroup relationships of two groups of employees (management and IT implementation teams) and how employees use their different group memberships to reframe positions of authority or knowledge around technology change. We discuss the extent to which perceptions of social identity legitimate institutional structures already in place despite the potential of new technology.

Despite what we know about how organizations and their members respond to change, organizations continue to spend an inordinate amount of time confronting, mitigating, and dealing with failure during change. This special issue focuses on what happens when organizational change fails. Its goal is to enhance knowledge and advance theory regarding the processes and mechanisms that underlie the emergence of organizational change failure. In this editorial, we first take stock of the established perspectives on failure, and introduce an integrative approach to offer a more holistic account of the process of change failure. The framework constitutes a multilevel, interlocking strategy for future scholarship. It highlights how the evolving experience defines, creates, and enacts failure during change across three structures: the surface (i.e., context), intermediate (i.e., building block dimensions), and deep (i.e., enduring aspects) structures of failure. With this frame as its basis, the articles in the special issue prompt discussion of what exactly failure means for organizations and their members dealing with different accounts of change failure.