Research at TUM School of Management is dedicated equally to excellence in research and practical relevance. TUM Management Insights regularly presents the results of recent studies that will be of interest to a management audience looking to test new strategic approaches or to read about thought-provoking findings.
Prof. Dr. David Wuttke, Professor for Supply Chain Management at the TUM Campus Heilbronn, on the findings of the study: Does social media elevate supply chain importance? An empirical examination of supply chain glitches, Twitter reactions, and stock market returns.
In this video, Joachim Henkel, Professor at the Technical University of Munich, explains the importance of standards in the Internet of Things and discusses some open issues related to patent licensing in this context. He attended the Innovation Conference 'The Way Towards the Internet of Things: Open Standards vs Silos', organised by the Florence School of Regulation – Communications & Media (FSR C&M).
"Equity distribution and its impact on entrepreneurial teams" Holger Patzelt, Philipp Rathgeber & Nicola Breugst
Prof Dr. Oliver Alexy, professor of Strategic Entrepreneurship, talks about how businesses can deal effectively with unsolicited idea submissions within open innovation frameworks.
Dr. Hanna Hottenrott, professor of Economics of Innovation at TUM School of Management, talks about the efficiency of public subsidies spent on corporate research and development activities
Prof. Dr. Thomas Hutzschenreuter, Chair of International Management at TUM School of Management, explains how speed and different modes of learning determine and define corporate internationalization strategies. He also explains the need for companies to be quick in innovation and internationalization in the context of the role of globalization.
Prof. Dr. Frank-Martin Belz and Julia Binder, chair of Corporate Responsibility at TUM School of Management talk about the EU-InnovatE Project, which addresses the role of users in promoting the transitions towards sustainable lifestyles in Europe.
In this video, Prof. Henkel explains the concept of patent infringement and invalid patents, and how about 50% of all patents can be deemed invalid if challenged in a court of law. Then the professor dives into the detection of these invalid patents and its implication for the patent holders as well as other competitor companies.
Interview with Prof. Dr. Holger Patzelt, Chair of Entrepreneurship at TUM School of Management, where he sheds light on what is a project failure and how do the teams generally react from such set-backs.
Interview with Prof. Dr. Jürgen Ernstberger, Chair of Financial Accounting at TUM School of Management, on the topic of interlinkages between corporate reporting and managerial myopia. In this video, Dr. Ernsberger explains how new regulations regarding quarterly corporate reporting has negative consequences for the companies and leads to managers failing to see the bigger picture in terms of projects and the financial plannings.
Dr. Vernon L. Smith, Nobelz Prize in Economics 2002, speaks at TUM School of Management, Munich, Germany on Adam Smith and his contributions to the topic of economic trust games. Dr. Vernon L. Smith was awarded the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics. Dr. Smith has joint appointments with the Argyros School of Business & Economics and the Fowler School of Law, and he is part of a team that will create and run the new Economic Science Institute at Chapman.
Dr- Holger Patzelt explains his latest research titled "Perceived project transition support and employees' assessments of entrepreneurial project performance."
This study helps better understand gender dynamics in rewards-based crowdfunding. While prior work demonstrated that the diversity of backers and their activist ambitions support women in this context, this study shows that women can smartly build on this momentum. Specifically, women can actively further their campaign’s success if they choose campaign language promoting innovativeness of their products, especially in male-typed sectors like technology. By triggering gender expectancy violations, women can use language to work to their advantage.
Social crowdfunding platforms are an important innovation in combating poverty on a global scale. For example, Kiva—the world’s largest crowdfunded microfinance platform—brings together more than 2 million lenders who collectively back 3.9 million borrowers in developing economies with a total of 1.6 billion in loans. Kiva has been especially important in supporting women entrepreneurs.
Due to technical advancements in production, markets are increasingly characterized by standardized and impersonal offerings, alienating consumers from producers. In response, consumers are increasingly seeking alternative ways of making purchases, such as buying products directly from the producer. For example, in 2021, almost 100 million consumers bought handmade products on Etsy. Buying products on such online marketplaces where people sell their handmade creations can satisfy consumers’ need for unique and personal purchase experiences. Indeed, on these platforms, consumers have access to various information about individual producers, the most common and easy-to-detect one being the producers’ gender.
It is no secret that technology and startups play an important role in meeting sustainability goals. For example, most African countries’ populations keep growing while losing ever more medical professionals to migration.
Teamwork is important for the success of all businesses. When choosing team members, people have an implicit preference for others who are similar.
Designing appropriate incentive systems is an important, yet challenging task for organizations.
People are more honest when they can show off high-status expertise. In a recent article in Games and Economic Behavior, behavioral economists from Munich and Heidelberg show that people lie much less about history and literature than about yellow press gossip. This has important implications for understanding how human behavior is shaped by our image, i.e. by the concern for how we are perceived by others.
Founders are often portrayed as visionary individuals who draw on images of their ventures’ future to lead employees through the uncertainties of the entrepreneurial process. However, focusing on entrepreneurial visions as a tool for leading others insufficiently reflects founders’ personal and potentially secret desires and needs embedded in these visions, such as acquiring personal wealth or pursuing personal values.
Innovation is crucial in modern business environments, and successful innovation usually involves the pursuit of multiple projects.
Managing employees across projects – Implications for project success
Due to concerns about insurance companies posing systemic risks during financial crises, some of the largest global insurers have been classified as systemically important, alongside the banking sector, and are subject to additional prudential regulation.
Members of startup teams need to work interdependently under high levels of pressure and on unfamiliar tasks. In these challenging conditions, conflicts in the team are unavoidable.
Those who are homosexual are often stigmatized in society and at the work place. For some of them, becoming leaving employment and becoming an entrepreneur is the only way to be open about their sexual orientation without being stigmatized at work. What happens, however, if these entrepreneurs fail and their failure is perceived by the general public? Will they be stigmatized for both, the failure and their sexual orientation?
Organizations frequently wrestle with two questions: Is diversity helpful in a team? And, if so, under what circumstances? Diversity is defined here as creating a (work) team that is made up of individuals with a range of different characteristics.
Many criticize that the “quarterly capitalism” of managers, investment funds and of financial analysts is leading to short-term behavior at the cost of long-term welfare.
Jakob Assmann, a passionate hiker, had a personal awakening while climbing a mountain in the Bavarian Alps.
In the wake of the UN Paris climate summit (COP21) in December 2015, the need to quickly reduce greenhouse gas emissions is more obvious than ever. As one of the main sources of the world’s energy-related CO2 emissions, the road transport sector is an essential domain for analyzing potential reduction measures. Convincing people to drive more fuel-efficiently (“eco-driving”) can contribute substantially to both climate policy goals and to the transport industry’s efforts to cut fuel costs and increase corporate sustainability. While many companies are interested in implementing an eco-driving incentive system, studies show that few have actually implemented such a bonus scheme to date. One reason might be a lack of knowledge about effective incentive design.
Looking at entrepreneurial networks, some studies find differences in women’s and men’s network composition, structure and usage, while others fail to find any differences. Yet most sources seem to suggest that performance-wise, women entrepreneurs are still ‘behind’. For women entrepreneurs aspiring to get ahead, trying to mimic men’s network characteristics would seem to get them only so far. Even with the same network characteristics, it is not clear that performance effects for women would be the same as for men.
Since Asian economies are having an increasingly significant impact on the global economy, we need to learn more about the way business works in Asia. Although around the world women are being promoted into management positions, we know little about women in developing markets. What drives their careers and how do they exercise leadership?
Like the founders of Facebook who took each other to court over equity issues (and later settled this lawsuit for an unknown sum to one of the initial founders), many entrepreneurial teams struggle with the equity distribution in their start-up.
One of the hottest buzzword in today’s businesses is “Big Data”. Based on the new era of Facebook, Google and others, the main idea is to make as much use as possible of a company’s internal and external data, to gain knowledge and create a more informed decision making process. As it turns out, deriving useful information from this data is a tedious task and nowhere near as easy as it sounds.
When thinking about effective leadership, we often look to the business world for best practices. But are there also lessons to be learned from unusual leadership contexts like academia?
Firms seeking to take advantage of open innovation and outsourcing often face a tension between value creation and value capture.
“By providing sustainability disclosure, companies can increase their market value. However, this effect depends on the reliability of this disclosure, in particular when companies face a high information or investment risk or difficult economic conditions.”
