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Author = McNamara, Peter;
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Displaying Results 1 - 23 of 23 on page 1 of 1
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Achieving Post-Acquisition Success: The Role of Corporate Entrepreneurship
(2001)
Thomson, J. Neil; McNamara, Peter
Achieving Post-Acquisition Success: The Role of Corporate Entrepreneurship
(2001)
Thomson, J. Neil; McNamara, Peter
Abstract:
Corporate entrepreneurship can play a central role in the integration of mergers and acquisitions. This paper describes a study spanning seven years for six mergers and acquisitions that involved UK, US and Swedish acquisitions of East German firms. The authors used the respective strengths of corporate entrepreneurship to predict the likely success or failure of each M&A, with very accurate results when they revisited the companies in 2001. The authors draw further lessons from the study by linking corporate entrepreneurship to the learning organisation and providing practical lessons for managers.
http://mural.maynoothuniversity.ie/5482/
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Choices and Consequences: Impact of Mobility on Research-Career Capital and Promotion in Business Schools
(2019)
Ryazanova, Olga; McNamara, Peter
Choices and Consequences: Impact of Mobility on Research-Career Capital and Promotion in Business Schools
(2019)
Ryazanova, Olga; McNamara, Peter
Abstract:
We focus on the role that domestic and international mobility play in achieving a business academic’s career outcomes. We seek to advance existing research by taking a morenuanced approach to the study of mobility. Using a sample of 376 tenured faculty members from 20 highly research-visible European business schools in 10 countries, we explore different patterns of mobility and highlight their link to research-career capital and the speed of academic promotion. Our findings show that mobility has a positive impact on research-career capital, but multiple moves delay academic promotion. In making decisions about international mobility, it is important to know that moving internationally for one’s first post-PhD job undermines research productivity. However, moving internationally between year 2 and year 7 post-PhD is better than moving later on. The ability to move between countries is deeply rooted in gender, with female faculty less likely to access international mobility. Female ...
http://mural.maynoothuniversity.ie/11316/
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Competing Business Models, Value Creation and Appropriation in English Football
(2013)
McNamara, Peter; Peck, Simon I.; Sasson, Amir
Competing Business Models, Value Creation and Appropriation in English Football
(2013)
McNamara, Peter; Peck, Simon I.; Sasson, Amir
Abstract:
This article integrates the business model concept with an understanding of industry recipes to show how competing business models can co-exist in a competitive market. Drawing on data from the English Premier League, we show that alternative models – based on the acquisition of talent on one dimension and the internal development of shared team experience on the other – lead to differing value creation and value capture outcomes. Drawing on the time series nature of our data, we also show that transitioning between business models can involve a decline in performance (which may be temporary), and draw some implications for managers faced with the challenge of changing their business models.
http://mural.maynoothuniversity.ie/8789/
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Exploration and exploitation within and across intra-organisational domains and their reactions to firm-level failure
(2012)
Su, Peiran; McNamara, Peter
Exploration and exploitation within and across intra-organisational domains and their reactions to firm-level failure
(2012)
Su, Peiran; McNamara, Peter
Abstract:
This study examines the evolution of exploration and exploitation within intra-organisational domains, specifically, the technological and market knowledge domains in high-technology firms. It simultaneously tests the interaction between exploration and exploitation across domains. Furthermore, this paper examines the impact of firm-level failure experience on exploration and exploitation within each domain. Based on longitudinal analysis of crossnational panel data on drug development initiatives obtained from 191 biopharmaceutical firms from 1990 to 2008, we find a negative relationship between firms’ innovation experience and exploration orientation within domains. Technological exploration and market exploration are competing with each other. We further find that failure experience stimulates technological search but not market search. This work contributes to the exploration and exploitation literature by extending domain separation to the internal context of an organisation th...
http://mural.maynoothuniversity.ie/5609/
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Exploring a potential role for music therapy to promote positive communication and emotional change for couples: a single-session pilot case study
(2019)
McNamara, Peter; Wang, Ruyu; Moss, Hilary
Exploring a potential role for music therapy to promote positive communication and emotional change for couples: a single-session pilot case study
(2019)
McNamara, Peter; Wang, Ruyu; Moss, Hilary
Abstract:
This pilot case study explores a potential role for music therapy in relationship counselling by employing a case study design. It is contended that music therapy might support couples in understanding and communicating their relationship, affording opportunities for self-expression, emotional expression, communication (verbal and non-verbal) and social participation. The study was conceived with the objective of establishing a possible treatment or intervention which might stand alone or be included as part of a therapeutic service being offered to couples. Constructed around a single music therapy session with a married couple, the study comprised: an exploratory, semi-structured interview with the couple before the session; a music therapy session of 50 minutes’ duration; and a follow-up interview with the couple after the session. Four major themes emerged: (i) guarded, needy, things not meeting; (ii) happy together, venturing together; (iii) deep union; and (iv) transcendence. ...
http://hdl.handle.net/10344/8794
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Gaelic Athletic Association and the Irish Rugby Football Union: Competing Business Models
(2013)
McNamara, Peter; Ryazanova, Olga; Aherne, David
Gaelic Athletic Association and the Irish Rugby Football Union: Competing Business Models
(2013)
McNamara, Peter; Ryazanova, Olga; Aherne, David
Abstract:
This case study tells the story of the two largest and most influential sports organizations in Ireland - the Gaelic Athletic Association (GAA) and the Irish Rugby Football Union (IRFU). With a long history that started in the late 19th century, each organization represents a mix between a professional sports business and a community-centered volunteer movement that is closely knit with the local and national identities of Irish people. Although both organiszations represent unique indigenous cultural assets, their business models are different. In order to respond to a number of internal and external challenges facing the GAA and the IRFU in the environment of economic austerity, the organizations have to reinvent their business models.
http://mural.maynoothuniversity.ie/8792/
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Knowledge Based Strategic Alliances and Value Creation: A Study of Biotechnology Firms Quoted on the London Stock Exchange
(1998)
McNamara, Peter
Knowledge Based Strategic Alliances and Value Creation: A Study of Biotechnology Firms Quoted on the London Stock Exchange
(1998)
McNamara, Peter
Abstract:
Societies and economies are continuously transformed by the creation, integration and exploration of new knowledge. In delivering new knowledge intensive products, there is a key question of how firms should organise to achieve success. There is increasing dissatisfaction with the operations of the large hierarchical organisation, which appears to be unable to respond to the need not only for efficient and fast delivery of products in the global marketplace, but also the creation, integration, and exploration of new knowledge to create totally new, or significantly improved, products. It is here that new organsiational forms have arisen, particularly the knowledge based organisational network which links smaller firms with each other and with much large enterprises and institutions. Ar the heart of this network are a form of alliance, which I refer to as a knowledge based alliance. This form of alliance differs from many of its historical ancestors. In these alliances, it is knowled...
http://mural.maynoothuniversity.ie/11317/
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Large-Scale Events as Catalysts for Creating Mutual Dependence Between Social Ventures and Resource Providers
(2018)
McNamara, Peter; Pazzaglia, Federica; Sonpar, Karan
Large-Scale Events as Catalysts for Creating Mutual Dependence Between Social Ventures and Resource Providers
(2018)
McNamara, Peter; Pazzaglia, Federica; Sonpar, Karan
Abstract:
We examine the resource mobilization efforts undertaken by a social venture to organize the 2003 Special Olympics World Summer Games and bring about a change in social attitudes towards the cause of learning and intellectual disabilities. In contrast to previously advanced views of social ventures as powerless actors, we find instead that they are able to leverage the visibility afforded by large-scale events to create positions of mutual dependence, which allow them to access broad support bases and assert themselves in relationships with external parties. Specifically, we find that resource mobilization involves six distinct tactics rooted in the softer forms of power, namely, attraction and inducement. The use of these soft-power tactics depends upon the social venture’s goal at different moments of the relationship with its partners and the level of support available from each external party. Our elaborated theory highlights both the role and limitations of soft power in mobiliz...
http://mural.maynoothuniversity.ie/11318/
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Lessons from the Celltech Case: Balancing Knowledge Exploration and Exploitation in Organizational Renewal
(1999)
McNamara, Peter; Baden-Fuller, Charles
Lessons from the Celltech Case: Balancing Knowledge Exploration and Exploitation in Organizational Renewal
(1999)
McNamara, Peter; Baden-Fuller, Charles
Abstract:
This article applies the lens of the knowledge exploration/exploitation dilemma to the renewal of Celltech Plc. From a theoretical perspective it has often been argued that as a firm matures, exploitation of current organizational knowledge drives out exploration of new ideas, and that this increases the likelihood of firm failure. This same literature gives few clues as to how balance can be maintained, or decline reversed. Our case study documents the decline of Celltech, its rejuvenation from near bankruptcy in 1990, and its subsequent ability to prosper to become the eighth largest biotech firm in the EU in terms of market capitalization. Through the Celltech case we show empirically that renewal based on exploration is possible even in a firm where exploitation has come to dominate. This case also illustrates how a balance between exploration and exploitation can be maintained for over half a decade, despite the theoretical tendency stated in the literature for exploitation to ...
http://mural.maynoothuniversity.ie/5462/
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Outbound open innovation in bio-pharmaceutical out-licensing
(2015)
Hu, Yansong; McNamara, Peter; McLoughlin, Damien
Outbound open innovation in bio-pharmaceutical out-licensing
(2015)
Hu, Yansong; McNamara, Peter; McLoughlin, Damien
Abstract:
Our study investigates the outbound open innovation of firms engaged in technological venturing. Leveraging insights from the sociology theory and innovation literatures, we clarify whether social status helps entrepreneurial ventures overcome market imperfection and information asymmetry in out-licensing and illustrate the importance of specific aspects of social status building in this context. We also examine the effect of failure experiences on out-licensing. We take a dynamic view of desorptive capacity by studying an entrepreneurial venture’s learning process, both internally, in terms of its own technology trajectory, and externally, through inter-organizational alliances. We apply a negative binomial model to our novel panel of 180 firms studied over an 18-year period with controls for stocks of clinical development activities, patenting and prior licensing activities. Empirical analysis enables us to observe the impact which the firms’ technological and development status, ...
http://mural.maynoothuniversity.ie/8312/
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Project Suspensions and Failures in New Product Development: Returns for Entrepreneurial Firms in Co-Development Alliances
(2017)
Hu, Yansong; McNamara, Peter; Piaskowska, Dorota
Project Suspensions and Failures in New Product Development: Returns for Entrepreneurial Firms in Co-Development Alliances
(2017)
Hu, Yansong; McNamara, Peter; Piaskowska, Dorota
Abstract:
Entrepreneurial biotech and large pharmaceutical firms often form alliances to co-develop new products. Yet, new product development (NPD) is fraught with challenges that often result in project suspensions and failures. Considering this, how can firms increase the chances that their co-development alliances will create value? To answer this question, the authors build on insights from signaling theory to argue that prior project suspensions provide positive signals leading to an increase in value creation, while project failures have the opposite effect. In addition, drawing on insights from temporal construal theory, this research predicts that the strength of these effects is contingent on the stage along the exploration–exploitation continuum at which the alliance is formed. The authors undertook event study analyses of 248 alliances formed by 104 biotechnology firms from the United States and Europe listed on eight stock exchanges over an 8-year period between 1996 and 2003. Th...
http://mural.maynoothuniversity.ie/11319/
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Project suspensions and failures in new product development: Returns for entrepreneurial firms in co-development alliances
(2016)
Hu, Yansong; McNamara, Peter; Piaskowska-Lewandowska, Dorota Anna
Project suspensions and failures in new product development: Returns for entrepreneurial firms in co-development alliances
(2016)
Hu, Yansong; McNamara, Peter; Piaskowska-Lewandowska, Dorota Anna
Abstract:
Entrepreneurial biotech and large pharmaceutical firms often form alliances to co-develop new products. Yet, new product development (NPD) is fraught with challenges that often result in project suspensions and failures. Considering this, how can firms increase the chances that their co-development alliances will create value? To answer this question, the authors build on insights from signaling theory to argue that prior project suspensions provide positive signals leading to an increase in value creation, while project failures have the opposite effect. In addition, drawing on insights from temporal construal theory, this research predicts that the strength of these effects is contingent on the stage along the exploration-exploitation continuum at which the alliance is formed. The authors undertook event study analyses of 248 alliances formed by 104 biotechnology firms from the United States and Europe listed on eight stock exchanges over an 8-year period between 1996 and 2003. Th...
http://hdl.handle.net/10197/8014
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Proton Quest: A Biotech Group
(2001)
McKnight, Phillip J.; McNamara, Peter
Proton Quest: A Biotech Group
(2001)
McKnight, Phillip J.; McNamara, Peter
Abstract:
Abstract included in text.
http://mural.maynoothuniversity.ie/5483/
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Raising the returns to venture finance
(2006)
Baden-Fuller, Charles; Dean, Alison; McNamara, Peter; Hilliard, Bill
Raising the returns to venture finance
(2006)
Baden-Fuller, Charles; Dean, Alison; McNamara, Peter; Hilliard, Bill
Abstract:
Investors in ventures that threaten to disrupt the markets of incumbents can use the options markets to add value to their investments by purchasing put options on the stock of the disrupted rivals on the basis of their asymmetric knowledge. By making a profit on these derivative trades in the stock of the disrupted firms, the investor innovator is able to recapture from the market extra and immediate profits (equivalent to the value of the consumer surplus) generated by the innovation. These additional profits increase the incentive of investors to invest in disruptive ventures and so correct biases that have been observed against investing disruptive innovation. Our paper provides guidance as to how these effects arise and their value. It also explores the ethical, regulatory and practical constraints on undertaking the trades, pointing out that it is effective and the legality seems to be robust provided certain conditions are met.
http://mural.maynoothuniversity.ie/5655/
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Research performance as a quality signal in international labor markets: Visibility of business schools worldwide through a global research performance system
(2017)
Ryazanova, Olga; McNamara, Peter; Aguinis, Herman
Research performance as a quality signal in international labor markets: Visibility of business schools worldwide through a global research performance system
(2017)
Ryazanova, Olga; McNamara, Peter; Aguinis, Herman
Abstract:
Attracting talent with international capabilities is critical for the internationalization of business schools and other knowledge-intensive service-industry organizations. However, limited coverage beyond the top cohort of business schools in existing research-based rankings does not allow the majority of institutions to use these rankings as global signaling systems of their research performance. This is particularly detrimental to the development of younger research fields, such as International Business (IB). Our Global Research Performance (GRP) system affords visibility to 1029 institutions that publish in seven prominent IB journals and to a broader cohort of 3352 institutions that publish in 149 high-impact business and management journals. GRP empowers IB and other scholars to demonstrate their contribution to their organizations’ legitimacy and promotes a datadriven approach to international talent recruitment.
http://mural.maynoothuniversity.ie/11284/
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Scaling Up a Small Technology Firm: Business Model Innovation at HaylioMed
(2016)
Gross, Nicole; Connolly, Niall; McNamara, Peter
Scaling Up a Small Technology Firm: Business Model Innovation at HaylioMed
(2016)
Gross, Nicole; Connolly, Niall; McNamara, Peter
Abstract:
This case was prepared by the authors and is intended to be used as a basis for class discussion. The views represented here are those of the authors and do not necessarily reflect the views of the Society for Case Research. The views are based on professional judgment. Copyright © 2016 by the Society for Case Research and the authors. No part of this work may be reproduced or used in any form or by any means without the written permission of the Society for Case Research
http://mural.maynoothuniversity.ie/11320/
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Shareholder returns and the exploration–exploitation dilemma: R&D announcements by biotechnology firms
(2007)
McNamara, Peter; Baden-Fuller, Charles
Shareholder returns and the exploration–exploitation dilemma: R&D announcements by biotechnology firms
(2007)
McNamara, Peter; Baden-Fuller, Charles
Abstract:
We explore a financial returns dimension of the exploration–exploitation dilemma. Using 1277 R&D announcements by 178 listed bio-pharmaceutical firms, we examine whether investors are myopic along the continuum of exploration (patenting and preclinical trials) to exploitation (human clinical trials and NDA).We find that investors respond positively at every stage, but there are differences between small and large firms. For small firms exploration is favored, provided it is focused. For large firms, there is value in both exploration and exploitation. Projects which are part of an alliance are no more likely to generate abnormal returns. Policy implications are discussed.
http://mural.maynoothuniversity.ie/5530/
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Socialization and Proactive Behavior: Multilevel Exploration of Research Productivity Drivers in U.S. Business Schools
(2016)
Ryazanova, Olga; McNamara, Peter
Socialization and Proactive Behavior: Multilevel Exploration of Research Productivity Drivers in U.S. Business Schools
(2016)
Ryazanova, Olga; McNamara, Peter
Abstract:
We explore the joint relationship that organizational environment and individual proactive behavior have with the research performance of business school academics. We draw upon sociology of science research, “new careers” literature, and social capital research to build a multilevel model of individual research productivity emergence. The study looks at the interplay between organizational scripts and individual strategies as part of a microfoundations research program, and seeks to create consensus on the relative importance of each antecedent in supporting research outcomes. Our hypotheses are tested using a sample of 500 academics randomly selected from 25 research-intensive U.S. business schools ranked at the top of the University of Texas at Dallas ranking. The findings of the study demonstrate that both organizational environment and individual behavior influence the research performance of U.S. business school faculties, with collaboration behavior being the most important d...
http://mural.maynoothuniversity.ie/11285/
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Technological area experience, experience diversity and innovation
(2016)
Garzon-Vico, Antonio; Gibbons, Patrick; McNamara, Peter; Rosier, Jan
Technological area experience, experience diversity and innovation
(2016)
Garzon-Vico, Antonio; Gibbons, Patrick; McNamara, Peter; Rosier, Jan
Abstract:
One conclusion from the knowledge-based view is that firms develop knowledge from experience. This paper examines the conditions under which firms’ R&D experiences might have stronger or weaker effects on innovation capabilities. We posit that any potential benefit depends on the nature of this experience. In particular, we look at how technological area experience and experience diversity affects innovation capabilities. We further propose that, in order to leverage their experience, firms need to consider how the interactions of technological area experience and experience diversity affect performance. To test this model, we draw on a data set of 3034 drug development projects undertaken by 30 large pharmaceutical companies between 1980 and 2008.
http://mural.maynoothuniversity.ie/11321/
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The impact of failure and success experience in drug development
(2019)
Garzon-Vico, Antonio; Rosier, Jan; Gibbons, Patrick; McNamara, Peter
The impact of failure and success experience in drug development
(2019)
Garzon-Vico, Antonio; Rosier, Jan; Gibbons, Patrick; McNamara, Peter
Abstract:
It is unclear whether the common belief that experience benefits new product development performance is driven by decision-makers allocating more attention to success experience or more attention to failure experience. This paper differentiates between the two aforementioned types of experience in order to explore their separate effects on new product development performance. We find that only late-stage failure experience improves performance, that success experience is more beneficial than late-stage failure experience and that, while others’ related failure experience increases the likelihood of failure, others’ related success experience decreases it. We conducted our research in the context of drug development in the biotech industry and obtained our data from Pharma Projects.
http://mural.maynoothuniversity.ie/13454/
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The Impact of Failure and Success Experience on Drug Development
(2020)
Garzón‐Vico, Antonio; Rosier, Jan A.; Gibbons, Patrick T.; McNamara, Peter
The Impact of Failure and Success Experience on Drug Development
(2020)
Garzón‐Vico, Antonio; Rosier, Jan A.; Gibbons, Patrick T.; McNamara, Peter
Abstract:
It is unclear whether the common belief that experience benefits new product development is driven by decision‐makers allocating more attention to success experience or more attention to failure experience. This article differentiates between the two aforementioned types of experience in order to explore their separate effects on new product development. We find that only late‐stage failure experience improves new product development, that success experience is more beneficial than late‐stage failure experience and that, while others’ related failure experience increases the likelihood of failure, others’ related success experience decreases it. We conducted our research in the context of drug development in the biotech industry and obtained our data from Pharma Projects. We employ logistic regression analysis to model the likelihood that a drug development project results in failure.
University College Dublin Foundation
Perigo
http://hdl.handle.net/10197/11340
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Two-way learning in west/east mergers & acquisitions: Short term and long term viewpoints
(1998)
Thomson, J. Neil; McNamara, Peter
Two-way learning in west/east mergers & acquisitions: Short term and long term viewpoints
(1998)
Thomson, J. Neil; McNamara, Peter
Abstract:
This paper reviews the literature in the fields of learning, knowledge creation and storage in organisations and links the theories in these fields to mergers and acquisitions. Specifically, mergers and acquisitions (M&As) of East German ex-combines by western firms are examined from the viewpoint of - does the dominant culture always win or is it possible for two-way learning? The answer to these questions seems to depend upon the mode of acquisition, the level of acculturation and on the length of time elapsed. These three factors and others are combined into a model to predict potential results of M&As. The theory section is supported by data collected from six western M&As in East Germany where a total of 36 in-depth, open ended interviews were held. Dem vorliegenden Artikel wird ein Literaturüberblick zum organisationalen Lernen sowie der Wissenserzeugung und -speicherung von Wissen in Organisationen vorangestellt. Die entsprechenden Theorien werden auf das Spezialt...
http://mural.maynoothuniversity.ie/5458/
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Unpacking the effect of exploration during environmental uncertainty: Evidence from the information technology sector
(2016)
Shrivastava, Samir; Pazzaglia, Federica; Sonpar, Karan; McNamara, Peter
Unpacking the effect of exploration during environmental uncertainty: Evidence from the information technology sector
(2016)
Shrivastava, Samir; Pazzaglia, Federica; Sonpar, Karan; McNamara, Peter
Abstract:
Environmental uncertainty can render managerial decisionmaking about resource deployment particularly difficult. Integrating the knowledge-based view of the firm and the organizational learning literature, we make a case for deploying specific knowledge-based resources to cope with specific types of environmental uncertainty. We unbundle knowledge-based resources into technology-based and social-network-based resources and, using Milliken’s (1987) typology of environmental uncertainty, we hypothesize that (a) technological exploration will be more effective during state uncertainty and (b) while being generally beneficial, social exploration will prove more effective during response uncertainty. An analysis of the financial performance of information technology (IT) firms in the United States over the period 1995–2004 generally supports our hypotheses. L’incertitude environnementale peut rendre la prise de décision managériale concernant le déploiement des ressources particulièremen...
http://mural.maynoothuniversity.ie/11322/
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