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Move to the Beat: Rhythms of Change and Firm Performance

Move to the Beat: Rhythms of Change and Firm Performance Patricia Klarner, LMU University of Munich Sebastian Raisch, HEC University of Geneva AoM Annual Meeting 2012. The Elevator Pitch. Move to the Beat: Rhythms of Change and Firm Performance.

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Move to the Beat: Rhythms of Change and Firm Performance

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  1. Move to the Beat:Rhythms of Change and Firm Performance Patricia Klarner, LMU University of MunichSebastian Raisch, HEC University of GenevaAoM Annual Meeting 2012

  2. The Elevator Pitch Move to the Beat: Rhythms of Change and Firm Performance • Organizations face a paradox between change and stability that is difficult to reconcile. • We argue that the rhythm of change is a means to manage the change-stability paradox. • We conducted an exploratory analysis of different change rhythms and then tested how they relate to firm performance (sample: 67 European insurance firms, 1995 - 2004). • Our findings show that regularly changing companies can better cope with the change-stability paradox.

  3. Methods Summary of Data Analyses Qualitative analysis: (1) ClustalW multiple sequence alignment method to categorize (binary) change data into similar event sequences;(2) Phase analysis to classify change and stability sequences into consistent change rhythms Categories of firms with similar change rhythms Quantitative analysis: OLS regression analysis for hypotheses testing

  4. Process Method ClustalW Multiple Sequence Alignment (1/2) a) b)

  5. Process Method ClustalW Multiple Sequence Alignment (2/2)

  6. AMJ Review Process Some Issues in the Review Process (1/3) • R: The detection of a particular pattern of rhythm seems to be • sensitive to how many years of data you are using. • A(1): Justification of period under investigation. • A (2): Additional data collection for an extended period of 15 years. • A (3): Discussion of potential censoring effects in limitations section.

  7. AMJ Review Process Some Issues in the Review Process (2/3) • R: Clarify the key dimensions of change (frequency, rhythm, timing, stability, magnitude). • I’m worried that you’ve created a false dichotomy between change and stability. • A (1): Better clarification of the process of interest. • A (2): Definition of specific events at the beginning of the paper. • A (3): Controlling for other dimensions of change in quantitative analysis. • A(4): Acknowledging in discussion section that findings relate to a specific type of change.

  8. AMJ Review Process Some Issues in the Review Process (3/3) • R: I would suggest that you rewrite thoroughly the description of the new method (text, appendix, andfigures), and present it to us in a way that is intuitively understandable. • A (1): Shorter explanation of the ClustalW method in the paper and a more detailed description in the Appendix. • A (2): Clarification of the underlying logic of eachanalysisstep. • A (3): Illustration ofthemethodwiththe same firm examples and a data extract from the program for each step.

  9. AMJ Review Process Lessons Learned: Publishing Process Research • Importance of defining very precisely which events are studied in process research. • It is essential to provide a clear and intuitive explanation of a new process method. • For hand-collected data, it is vital to anticipate the need to flexibly extend the data collection to longer periods and additional variables. • Importance of submitting process studies to the right outlets.

  10. Thank you for your attention – and best of luck for your own process research!

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