Artículos Economía y Negocios

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  • Ítem
    Measuring project team performance: a review and conceptualization
    (2022) Pavez, Ignacio; Gómez, Hugo; Liu, Cnlong; González, Vicente A.
    Performance measurement has been a central topic of study in project management research for many years. However, the literature on project team performance measurement is fragmented and underdeveloped. To address these limitations, we conducted a systematic literature review aimed at organizing the state-of-the art, providing a better conceptualization of project team performance measurement, and strengthening theory in the field. We used an inductive approach to synthesize the literature and, building upon the performance measurement design literature and the Input-Mediator-Outcome (IMO) model of team effectiveness, we propose a theoretical framework that organizes project team performance measures around two axes: the nature of performance (i.e., efficiency or effectiveness), and the nature of the measure (i.e., tangible or intangible). By combining these two axes, we propose a 2x2 performance measurement structure composed of four dimensions: (1) project team processes, (2) project team emergent states, (3) project team tangible outcomes, and (4) project team perceptual benefits. Our study advances theory by offering a comprehensive and integral understanding of project team performance measurement and providing an evidence-based framework that could help practitioners improve the design of performance measurement systems for project teams.
  • Ítem
    When Being Large Is Not an Advantage: How Innovation Impacts the Sustainability of Firm Performance in Natural Resource Industries
    (2022) Sevil, Angel; Cruz, Alfonso; Reyes, Tomás; Vassolo, Roberto
    This paper provides an in-depth study of how incremental innovation, a ubiquitous factor, affects the sustainability of performance of small- and large-sized firms differently. Specifically, this work examines the sustainability of firm growth in natural resource industries. In these industries, innovation is mainly based on processes in the form of incremental changes, and the adoption of innovations has significant sunk costs. We argue that, before incremental process innovation, firm performance is directly proportional to firm size. However, in the presence of incremental innovation events, firm performance is inversely proportional to firm size since smaller firms pose higher strategic flexibility and can adopt innovations faster. Our empirical findings highlight the relevance of incremental innovation as an inflection point of firm performance, creating a competitive opportunity window for small firms and a sustainability threat for large firms
  • Ítem
    Another case of the middle-income trap: Chile, 1900-1939
    (2022) Couyoumdjian, Juan Pablo; Larroulet, Cristián; Díaz, Diego A.
    This paper studies the evolution of the Chilean economy in the late 19th and early 20th century, a period when the country's convergence with developed countries came to an end. We analyse this problem in the context of the modern literature on the middle-income trap. The social, political and economic history of Chile between 1875 and 1939 is examined and the presence of most of the factors associated with the middle-income trap is found. We complement this narrative through a quantitative analysis based on the synthetic control method and argue that the process of state-led industrialisation undertaken in the country leading to the formation of CORFO was a key economic and political event. Our work presents some general lessons for developing countries facing a similar context.
  • Ítem
    Drivers and barriers for circular business model innovation
    (2022) Geissdoerfer, Martín; Santa-Maria, Tomás; Kirchherr, Julian; Pelzeter, Carla
    The circular economy concept is gaining traction in academia, industry and policy-making as a strategy to reduce resource depletion, waste and emissions. Many authors see business model innovation as a critical lever for the concept's implementation on the organisational level. Despite the importance of the topic, the drivers and barriers to different types of circular business model innovation remain unclear. We address this gap by comparing drivers and barriers for four generic circular business model innovation types: start-up, diversification, transformation and acquisition. Relying on a structured comparative literature review using cross-reference searches, we develop a theoretical framework of drivers and barriers that we apply to a multi-case study of 21 organisations covering three of the four types, with some additional insights on the fourth. We identify 25 barriers and 10 drivers, clustered into seven categories, and outline how they distinctively affect the innovation types. Start-ups and diversifications are more commonly driven by market and financial factors, while transformations are led by market and organisational factors. These three types are highly affected by legal and financial barriers; however, while start-ups are more prone to face value chain challenges, incumbents are more susceptible to market and organisational barriers. Our study provides novel empirical data that validate and complement previous research and offers an additional analysis perspective in the transition towards a more sustainable and circular economy.
  • Ítem
    The perils of lax economic policy: The case of Chile during the COVID-19 pandemic
    (2023) EspinosaLoyola, Víctor
    This paper examines the short- and long-term effects of lax economic policy in Chile during the COVID-19 pandemic and discusses whether they promoted or inhibited sustainable economic growth and development. The case of Chile is worth studying because it straightforwardly describes the effects of passive and active economic policy on the economy. It is argued that the active or lax economic policy generated a short-term boom period and a long-term recessive environment. Lax economic policy in Chile distorted the price system and the intertemporal allocation of resources, stimulating consumption and indebtedness. Investments became less capital intensive, stagnating labor productivity and reducing growth and development. Regardless of external factors, the research shows that the recession of the Chilean economy emerged from lax economic policies and institutional uncertainty. These findings recognize the causes of the recessive environment of emerging economies, offering new insights into promoting sustainable economic growth and development post-crisis.