Reflections on a decade of microfoundations research

Foss, Nicolai J.

doi:10.5700/rausp1227

Cited by 12 publications

(11 citation statements)

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“…The broader emergent literature on microfoundations in management has contributed to our understanding of the role of the individual decision maker (e.g., Felin et al, ; Foss, ) and the underlying cognitive processes, such as heuristics, that influence strategic decision‐making (Maitland & Sammartino, ; Molina‐Azorin, ). Bingham, Eisenhardt, and Furr (), p. 31) conceptualize heuristics as “cognitive structures that categorize stimuli.” These have been researched under two dominant perspectives: the heuristics‐and‐biases paradigm and the fast‐and‐frugal paradigm (Loock & Hinnen, ).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

“…We add to research on international locations decisions by providing a microfoundations perspective (e.g., Felin, Foss, Heimeriks, & Madsen, ; Foss, ; Gavetti, ) and exploring managers' perceptions of risk and return, that is, their decision heuristics. To advance our understanding of the decision heuristics managers apply in their location choice, we conducted discrete choice experiments (Louviere, Hensher, & Swait, ; Buckley et al, for a similar approach).…”

Section: Introductionmentioning

confidence: 99%

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How does de‐globalization affect location decisions? A study of managerial perceptions of risk and return

Ambos

Cesinger

Eggers

et al. 2019

Global Strategy Journal

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Research Summary Our understanding of how managers take international location decisions is still scarce. Building on the microfoundations view, we explore managers' perceptions of risk and return in a discrete choice experiment with 2,618 decisions in 2013 (a globalizing world) and 2017 (a de‐globalizing world). While managerial perceptions vary over time due to economic and political changes, such as the current de‐globalization trend, decision heuristics remain remarkably stable: locations perceived as least risky offer the highest expected returns. We also find that distance is a good proxy for managerial perceptions. Investigating the microfoundations of decision‐making we show that international experience, risk‐taking propensity, and shareholder status affect heuristics. In sum, our study provides novel insights into the microfoundations of location decisions and extends the behavioral perspective on internationalization. Managerial Summary While many researchers in the field of international business and global strategy have studied internationalization, surprisingly few of them put the actual decision maker in the spotlight. This study investigates the decision heuristics of managers who are confronted with international location decisions. We show that their perceptions of risk and return in the context of a globalizing world (in 2013) and in the context of a de‐globalizing world (in 2017) vary. However, the underlying heuristic—locations that are perceived as least risky offer the highest expected returns—remains stable. Our study also indicates that distance is a good proxy for managerial decisions and that managers' international experience, risk‐taking propensity, and shareholder status affect their decision‐making patterns.

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Section: Theoretical Backgroundmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

How does de‐globalization affect location decisions? A study of managerial perceptions of risk and return

Ambos

Cesinger

Eggers

et al. 2019

Global Strategy Journal

View full text Add to dashboard Cite

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“…This qualitative-empirical interview study intends to uncover and explain how the activities of the broader set of actors engaged in smart service innovation relate to uncertainty reduction in the overall smart service system. We approach this relationship through the theoretical lens of microfoundations (Foss, 2016;Haack et al, 2019;Storbacka et al, 2016), which helps us to explain how meso-level outcomes (i.e., the smart service system and related uncertainty) are linked to the activities of actors (i.e., organizations) at the micro-level. Accordingly, we pose the following research question: What are the microfoundations of uncertainty reduction in multi-actor smart service innovation?…”

Section: Introductionmentioning

confidence: 99%

Iterative uncertainty reduction in multi-actor smart service innovation

2021

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Smart service innovation is the process of reconfiguring resources, structures, and value co-creation processes in service systems that result in novel data-driven service offerings. The nature of such offerings requires the involvement of multiple actors, which has been investigated by a few studies only. In particular, little is known about the multiple actors’ efforts to manage uncertainty in the process of establishing smart service systems. Empirically grounded in data from 25 interviews with industry experts, we explore how organizations act and interact in smart service innovation processes. For our data analysis, we adopt a microfoundational view to derive a theoretical model that conceptualizes actor engagement as a microfoundation for iterative uncertainty reduction in the actor-to-actor network of the smart service system. Our study contributes to information systems research on service systems engineering and digital transformation by explaining smart service innovation from both a multi-actor and a multi-level perspective, drawing on service-dominant (S-D) logic and microfoundations as well-established theoretical lenses.

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“…Convergentemente, verifica-se ao longo da última década a intensificação da busca pelo desenvolvimento dos microfundamentos teóricos para a estratégia organizacional que vão além da lógica da teoria econômica de escolha. O propósito precípuo desse movimento é o de modelar a influência de fatores ambientais e históricos e de suas relações com os aspectos constitutivos imanentes às organizações (Foss, 2016). Neste sentido, essa linha de pesquisa possui escopo voltado às variáveis que condicionam a estratégia corporativa a partir do individualismo metodológico, incorporando assim, os fatores ambientais e sociais.…”

Section: Introductionunclassified

“…Nas últimas décadas os estudos sobre microfundamentos têm se tornados cada vez mais presentes no campo de estratégia das organizações. Esse movimento objetiva entender como as relações entre variáveis macros são mediadas por ações e interações micro, e como estas impactam as organizações em termos de desempenho (Felin, Foss & Plopyhart, 2015;Foss, 2016;Molina-Azorín, 2014;Helfat & Peteraf, 2015).…”

Section: Introductionunclassified

Semiótica e os microfundamentos da lógica de decisão individual

Macedo

Saes

2020

Organ. Soc.

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Resumo A abordagem desenvolvida visa contribuir aos estudos organizacionais proporcionando uma prescrição analítica adequada das propriedades microfundacionais dos framings comportamentais nas organizações. A concepção semiótica de Charles S. Peirce oferece meios para se combinar a gestação de representações individuais e as propriedades sociais emergentes, a partir da interação entre as instituições o ambiente competitivo e os modos de governança. A partir da abordagem semiótica, é proposto um modelo analítico dedutivo do processo de lógica de decisão individual nas organizações, identificando as contribuições de três dimensões fenomenológicas distintas: signos (instituições), objetos (ambiente competitivo) e interpretantes (estruturas de governança). Mediante a aplicação da abordagem semiótica, verifica-se o caráter holístico da interação destes três aspectos constitutivos para a emergência as representações individuais que determinam a lógica de decisão no ambiente corporativo.

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Reflections on a decade of microfoundations research

Cited by 12 publications

References 12 publications

How does de‐globalization affect location decisions? A study of managerial perceptions of risk and return

How does de‐globalization affect location decisions? A study of managerial perceptions of risk and return

Iterative uncertainty reduction in multi-actor smart service innovation

Semiótica e os microfundamentos da lógica de decisão individual

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