The Internet is changing the transaction pattern of B2B markets. One of the major concerns of IT knowledge-based companies is how to take advantage of B2B online markets. These companies believe that the only possible strategy for entering these markets is to launch independent websites, and they are usually reluctant to enter these markets due to the requirements such as financial resources an...

This study combines elements of the upper echelons and agency perspectives to resolve some of the ambiguity surrounding how corporate elites affect corporate strategy. We propose and test the notion that while differences in individual characteristics of corporate elites may imply different preferences for particular corporate strategies such as diversification and acquisitions, these basic pre...

Company strategy expresses a basic idea of how to reach company objectives. A whole range of models of strategic management are used in practice. The concept of strategic management should fulfill some basic requirements to make it applicable for both the typical, but also more specific company environment. The financial strategy plays an important role in corporate strategy. The paper develops...

The purpose of this paper is to investigate the relationship between corporate environmental strategy and firm value. The major finding of this study is that corporate performance with regard to environmental responsibility is related to overall firm value. Adopting an environmentally responsible strategy appears to significantly enhance corporate financial performance for all firms except thos...

Corporate strategy should direct the way we invest managerial resources such as people, capital and materials in order to achieve corporate intention. Historically speaking, strategy has been used within military terminology, exemplified by the ancient Sun Tzu’s ‘The Art of War’ or in more recent history, Carl von Clausewitz’s ‘On War’. Strategy has been argued for over 2300 years, since Sun Tz...

Corporate learning is at a crossroads. Existing courses and facilities are nearing the end of their useful lives, and there are new learning approaches and technologies to consider. A survey of the corporate learning plans and priorities of 69 organisations suggests there is widespread confusion and a lack of direction. Many courses are excessively general and fail to address particular require...

The prolonged recession in Japan today stands in contrast to its high growth from the mid 1950s through the early 1970s and its booming prosperity from the late 1970s through the 1980s. The growth rate of the economy has sputtered in the 1990s and was even negative in 1997 (Yokoyama 1997). During the first quarter of 1998 Japan's gross domestic product declined at an annual rate of 5.3 percent ...

We examine voluntary disclosures of information about corporate strategies. We develop a model in which managers choose whether to reveal their strategic plans only to some partners of the firm or also to the outside world. We show that managers face a tradeoff when deciding whether to disclose their private information to outsiders. On the one hand, by disclosing their intentions, managers bec...

The purpose of this paper is to develop a discrete-time model for optimal corporate business strategy that incorporates both endogenous and exogenous factors and is consistent with the value-based criterion for maximizing the shareholders wealth. The model is feasible for practical implementation.