Stephan Stubner

Handelshochschule Leipzig | HHL

Dynamic capabilities have typically been conceptualized as sensing, seizing, and transforming. This article explores the interplay of these procedural dimensions employing a longitudinal case study of Axel Springer, a leading media corporation that has exercised dynamic capabilities to convert from a print publisher to an internet company. Insightf...

A higher degree of digitalization in new ventures’ product/service offerings and their processes can lead to a faster time to market and the ability to rapidly scale. Hence, it has the possibility to significantly impact the performance. To increase the degree of digitalization in new ventures, they can implement a digital strategy. Currently there...

New ventures must rigorously manage their resources because they suffer from the liabilities of newness and smallness. Digitaliza-tion, traditionally associated with resource savings, higher operational efficiency and more flexibility, implies great benefits for new ventures; however, this effect has not been empirically proven. Implementing the re...

Kosten und Nutzen der Investitionen in die Digitalisierung entlang der Wertschöpfungskette können insbesondere für Start-ups häufig nur schwer abgeschätzt werden. Aufgrund der vergleichsweise geringen Größe dieser Firmen kann zudem bezweifelt werden, ob sie ähnlich wie etablierte Unternehmen aus der Nutzung digitaler Technologien gravierende Vortei...

Corporate accelerators have emerged rapidly over the last few years and have become a cross-industrial global phenomenon. Established companies interact with startups through these programmes in a structured approach. Recent academic research shows that programmes exist with diverse characteristics, providing various resources and services such as...

Purpose The purpose of this paper is to examine the effects of retailers’ organizational controls and controls of their boundary personnel on manufacturers’ outsourcing performance. It further assesses the moderating impact of information symmetry in this context. Design/methodology/approach Data were collected from 230 Indian apparel manufacturer...

Corporate venture capital (CVC) units help their ventures flourish by offering value-adding services. Effective CVC initiatives offer services that help ventures design, implement, and manage activities to create and capture value. Our qualitative multiple case study across 26 CVC units reveals a comprehensive set of value creation and value captur...

trivago is a leading travel meta-portal with EUR 754 million in revenue and a double-digit profit margin in 2016. Since its inception in 2004 and especially since 2009, the company’s founders have realized impressive growth rates with revenue doubling nearly every year. As of 2016, the company had more than 1,200 employees and offered access to mor...

Their paper “What BMW’s Corporate VC Offers That Regular Investors Can’t” examines a new approach that the German car manufacturer BMW pursues in order to optimize their collaboration with start-ups. Instead of funding start-ups with a typical corporate venture capital or corporate accelerator approach, BMW integrates selected start-ups as supplier...

Our study examines the role of board control tasks in mitigating self-control problems in controlling owner family businesses. We challenge the common perception that controlling owners do not require and use board control because of the concentration of ownership and management in a single individual. We argue that self-control problems, that is a...

Corporate accelerators have become a frequently used form of start-up engagement for established companies. However, little guidance on how to set up such a program based on the specific requirements of a company is available. When Media-Saturn-Holding GmbH, Europe´s leading consumer electronics retailer, decided to create a corporate accelerator,...

An increasing number of established companies have recently started to launch corporate accelerator programs to engage with entrepreneurial startups, making this a worldwide, cross-industrial phenomenon. Nevertheless, there is a lack of understanding of the various objectives and approaches adopted by companies. This article examines 13 in-depth ca...

Conference Presentation

Conference presentation

Conference presentation

The familiness concept was introduced into the discussion of family firm characteristics in 1999 and has since then received widespread attention. However, until today no common understanding on the definition, measurement or impact of familiness exists. The term is being used in a multitude of different contexts and accordingly the current discuss...

This article examines the relationship between long-term orientation, family involvement in the top management team (TMT), and family firm performance. On the basis of agency and stewardship theory, we propose that the inclusion of family members in the TMT only enhances firm performance if it induces a long-term orientation among management. An em...

In today's increasingly dynamic, volatile and complex business world, companies in many industries face new challenges when it comes to strategic planning. Scenario planning is a popular approach used by companies to meet these challenges. However, traditional approaches to scenario planning are complex and focus on the long term. Our solution is a...

Building on organisational learning theory and CEO-strategy fit research, we introduce the concept of position-specific knowledge of a new CEO and explore its impact on the learning process that new CEOs go through after taking office and on firm performance during their early tenure. We empirically test this concept using a sample of 59 CEO succes...

In our paper, we introduce the concept of organizational ambidexterity (OA) to family firm research and develop hypotheses regarding the impact family influence has on OA and on subsequent firm performance. We argue that as family influence increases family firms achieve higher degrees of OA and firm performance. We empirically test our hypotheses...

Der Beitrag stellt mit der szenario-basierten strategischen Planung einen Ansatz vor, der es Unternehmen erlaubt, Strategien für volatile Umfelder zu entwickeln. In Erweiterung zur traditionellen Szenarioplanung ermöglicht der Ansatz zudem eine klare Operationalisierung der Einflussfaktoren und stellt mit dem Szenario Cockpit ein Instrument zum str...

In extending leader life cycle theory (Hambrick and Fukutomi, 1991), the authors examine how structural power creation activities of a CEO influence firm performance over his time in office. On the basis of a sample of 118 CEOs in Germany's 83 largest companies, for an overall number of 717 tenure years, the paper shows that different structural po...

Research on family firms has proliferated in recent years. However, despite recurring scholarly calls, still little research is looking at the strategic management of family firms. In particular, the implications of strategic fit on the performance of family firms have been largely neglected thus far. Initially proposed for non-family firms, the co...

The Handbook on Legal Forms in Europe starts, in this chapter, with an introduction into the strategic need of looking at the subject. The authors Torsten Wulf and Stephan Stubner begin with an outline on the importance for each founder and founding company to critically evaluate the question about which legal form to use. As the evaluation of this...

The book "Founding a Company - Handbook of Legal Forms in Europe" provides an easily accessible overview of the most important information any entrepreneur or manager needs when deciding for a legal form of the business. This makes it especially interesting for companies that decide to enter new markets within Europe and need to understand which re...

We analyze the relationship between management support offered by venture capital firms and the performance of entrepreneurial start-ups. Based on the reasoning of the resource-based view, we use a sample of 106 German start-up companies to derive and empirically test several hypotheses. Our results show that the quality of management support offer...

Family firms represent the majority of businesses in most countries (Chrisman, Chua & Sharma, 2005) and accordingly an increasing body of research from various disciplines has focused on aspects regarding family firms (Habbershon & Williams, 1999). However, little research is yet available looking at the strategic management in family firms (e.g. S...