Recently, Professor Chen Zhijun and PhD student Liu Xilu from the School of Management, together with Associate Researcher Wang Lin of the School of Innovation and Entrepreneurship published a paper titled “Decision Logic of Group Subsidiaries’ Value Co-Creation Based on Organizational Imprint Triggering: A Longitudinal Case Study of Hisense Juhaokan” in the 11th Issue of Journal of Management World 2023, a top Chinese journal in management (with a composite impact factor of 31.204 and a comprehensive impact factor of 22.557 in 2022). Professor Chen is the corresponding author of the paper, Associate Researcher Wang is the first author, and Shandong University is the first and only corresponding author affiliation.
The study is based on the following background: in the increasingly unpredictable business environment, it is difficult for enterprises to coordinate heterogeneous resources for value innovation on their own, so they need to collaborate with various value subjects for resource allocation and integration to achieve common growth and value co-creation. For subsidiaries, the dynamic complexity of resource linkages provides great potential for value co-creation, and puts a unique imprint on it, which is of great significance to the group’s high-quality development. On this basis, the study refines the unique decision-making logic and process mechanism of value co-creation in subsidiaries, to make a useful attempt for the theoretical innovation of Chinese enterprise group management.
The study adopts an exploratory longitudinal case study approach to investigate how the specific organizational imprints of subsidiaries at different stages of development trigger the decision-making logic of value co-creation. The study finds that in the “pioneering ox” stage, under the strategic guidance of the Group and the disadvantageous resource endowment of the subsidiaries, the subsidiary carries out value co-creation through the Entrepreneurial Patchwork strategy; in the “unicorn” stage, under the strategic layout of the Group and the advantageous resource endowment of the subsidiaries, the subsidiary carries out value co-creation through the Lean Startup strategy. At the same time, the study re-explains the decision logic of “effect” and “cause and result”, and concludes that the Entrepreneurial Patchwork strategy is a value co-creation strategy guided by the effect logic and the Lean Startup strategy is a value co-creation strategy guided by the cause and result logic. They deepen the understanding of the decision-making logic of value co-creation in subsidiaries in terms of organizational imprints, which is valuable in guiding subsidiaries to innovate value co-creation models and achieve business transition and upgrading.
Professor Chen Zhijun, Dean of the School of Continuing Education, Shandong University, and Professor of the School of Management, serves as an invited researcher of the Policy Research Office of the People’s Government of Shandong Province. He serves as the host of the national boutique course “Strategic Management”, and presides over more than 10 programs such as the General Program of the National Natural Science Foundation of China and the Humanities and Social Sciences Program of the Ministry of Education. He was awarded the honors of Outstanding Instructor of College Students Innovation and Entrepreneurship in Shandong Province, Baosteel Outstanding Teacher, and Outstanding Teacher, Outstanding Doctoral Dissertation Supervisor, and Model of Teaching and Educating in Shandong University. He has published more than 100 papers in Journal of Management World, China Industrial Economics, Nankai Business Review, Guangming Daily, etc. There are more than 10 academic papers among them have been reprinted by Renda Periodicals or extracted from the arguments of Xinhua Digest, which makes him one of the authors with the largest number of papers published in the field of domestic group research. The relevant achievements have won the second prize of National Teaching Achievement and the second and third prizes of Excellent Social Science Achievement of Shandong Province. His research areas include group company management, strategic management, and corporate governance.
link:
http://www.mwm.net.cn/web/xq?leafId=226&docId=5064
