2020 — 2021 |
Lee, Gwendolyn Wang, Mo |
N/AActivity Code Description: No activity code was retrieved: click on the grant title for more information |
Rapid: Effective Recovery For Organizations From the Covid-19: Optimizing Strategic Responses
How do business organizations recover from a crisis? Studies of crises show that human communities differ significantly in their responses; a crisis presents individual organizations and communities of organizations with a common problem, yet solutions may be elusive. This project will advance basic knowledge about the effectiveness of organizational recovery in response to the COVID-19 pandemic and global economic crisis. The project will help organizations and managers to better understand the conditions under which organizations responding to a crisis of unprecedented magnitude may recover more effectively. Results will equip organizations and managers with knowledge and skills about how to choose strategic responses to crisis, by highlighting the insights derived from study conditions. In collaboration with the University of Florida Entrepreneurship and Innovation Center, the project will disseminate results to business and scientific communities by providing free-of-charge webinars that explain to managers and researchers the strategic responses that can help organizations, particularly small-and-medium sized enterprises, to more effectively recover from the current crisis. Project findings and activities will help to ensure the economic competitiveness of the United States and promote our nation's safety and security. When crises occur, business organizations need to move strategically to recover, but leaders and managers may be unclear as to which actions to take. The project will provide prescriptive theoretical directions for the development of processes and actions toward effective recovery from the COVID-19 pandemic and global economic crisis. The project will classify, explain, and evaluate organizations? strategic responses to the current crisis for effective recovery and answer three research questions: First, among the multiple paths toward organizational recovery, which ones are more effective? Second, what organizational and environmental factors are most conducive to effective recovery? Third, would dynamic adaptation (e.g., switching resource allocation from the organization?s own rebuilding to community-based self-organizing efforts, and vice versa) be effective for recovery? Interview data will be used to inform, validate and improve a computational model designed to explain and evaluate the effectiveness of strategic responses of organizations. The project will use this model to compare a wide range of variation in responses, and probe the conditions under which certain responses could be more effective for organizational recovery. The project will produce: (1) a multi-level taxonomy of strategic responses to crisis for organizational recovery and (2) an explanation and evaluation of strategic responses to crisis for effective recovery. Using a mixed-method approach, the project will not only corroborate a computational model with interview data, but also use the model to extend understanding beyond case observations. Findings will inform theories of organization regarding business strategy, especially within the context of crises and extreme events.
This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.
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1 |
2021 — 2024 |
Wang, Mo Connally, Quinetta Hill, Aaron (co-PI) [⬀] |
N/AActivity Code Description: No activity code was retrieved: click on the grant title for more information |
Diversity as An Organizational Capability: a Multilevel Examination of Board Composition and Firm Effectiveness @ Michigan State University
In the midst of increasing legislation to diversify the boards of publicly held organizations, insight into why such diversity matters has remained relatively stagnant. Several states have instituted requirements that the boards of public companies become more diverse in terms gender, race, and sexual orientation or provide evidence of the company’s broader commitment to developing and maintaining board diversity. Yet, while researchers have explored the performance impacts of board demographic composition, the findings remain equivocal given little attention to the mechanisms through which such relationships occur. This project endeavors to fill this gap within the diversity and strategy literatures to advance insight into the value of and for diversity in corporate governance. With a central hypothesis that board demographic diversity impacts organizational performance through experience-based diversity, this project will examine the effects of director demographic and experienced-based characteristics on organizational strategic actions and financial performance.
The project will utilize data on director and board characteristics across approximately 1,500 publicly traded firms in the U.S. over a ten-year period from 2007-2017. These data along with data on firm governance quality, strategic choices and firm performance will be obtained from several databases, including BoardEx, CompuStat, the Institutional Shareholder Services (ISS), RavenPack News Analytics, and Morgan Stanley Capital International (MSCI). Director data will be aggregated and combined with firm-level data to estimate the effects of board diversity variables on firm organizational actions and performance. Overall, this project offers an integrative, process-based perspective for understanding value creation and capture as it pertains to board diversity. By encouraging and establishing a future research agenda for a more systemic approach to the study of board diversity and firm performance, this project has the potential for enhancing the explanatory power and practical usefulness of future firm-level diversity research. More broadly, project has the potential for building diversity-related partnerships between academia and industry and transforming the ways in which organizations approach diversity.
This award reflects NSF's statutory mission and has been deemed worthy of support through evaluation using the Foundation's intellectual merit and broader impacts review criteria.
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0.967 |