Download or read book Organizational Form and Risk Taking in the U S Cable Television Industry written by Thomas R. Eisenmann and published by . This book was released on 1998 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the relationship between a firm's organizational form and its strategic risk taking behavior, measured as its propensity to expand horizontally in the face of increasing levels of environmental turbulence. Multinomial logistic regression analysis of 1986-1995 data for 201 U.S. cable television companies indicates that after controlling for factors such as company scale, two dimensions of organizational form -- a firm's level of diversification, and its CEO's status as an agent versus owner-manager -- predict a company's propensity to either expand horizontally through acquisition or to exit the cable industry (which is interpreted as risk avoidance behavior). The relationship between management equity ownership and risk taking behavior is positive and unambiguous: as turbulence increases, compared to agent-led companies, owner-managed firms exhibit a greater propensity to expand horizontally and a reduced propensity to exit the cable industry. The relationship between diversification and risk taking behavior is more complex: as turbulence increases, compared to firms focused exclusively on the cable business, firms engaged in unrelated diversification outside of cable exhibit both a greater propensity to expand horizontally and a greater propensity to exit the cable industry. In other words, compared to focused firms, in the face of increasing turbulence, diversified companies are likely to take strategicaction of some sort; they are less likely to idle. Drawing on agency theory, hypotheses are advanced that may explain this somewhat counterintuitive finding.
Download or read book Governance and Risk Taking in the U S Cable Television Industry written by Thomas R. Eisenmann and published by . This book was released on 1998 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between governance structure and strategic risk taking behavior, measured as horizontal expansion in a turbulent environment, is explored through interviews with senior executives in eighteen cable television companies. The interviews reveal several mechanisms through which CEO equity ownership encourages risk taking behavior. First, while a failed expansion strategy may have serious personal consequences for both owner-managers (whose wealth is largely undiversified) and agent CEOs (who have reputations and hence human capital at stake), a successful strategy offers a substantially greater personal payoff for owner-managers. Second, secure in their positions by virtue of influence over their boards, owner-managers feel less obliged to justify risky expansion strategies to board members and other senior managers, and thus may gamble on intuition. By contrast, agent CEOs, who are held publicly accountable for their decisions, must marshal a persuasive case when sponsoring risky expansion strategies. Since doing so is difficult in a turbulent environment, agent CEOs may avoid such strategies. Third, owner-managers' strong emotional attachment to their companies often implies that proposals to sell their firms never receive serious consideration. Finally, outside investors2 risk preferences encourage aggressive expansion by owner-managed limited partnerships, and conservative behavior in agent-led firms owned by family trusts.
Download or read book Diversification and Risk Taking in the U S Cable Television Industry written by Thomas R. Eisenmann and published by . This book was released on 1998 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between diversification and strategic risk taking behavior, measured as horizontal expansion in a turbulent environment, is explored through interviews with senior executives in eighteen cable television companies. The interviews reveal three mechanisms through which diversification discouraged risk taking behavior. First, due to information processing constraints, corporate executives in companies engaged in unrelated diversification had lessknowledge of cable industry dynamics than their counterparts in focused firms, and consequently perceived a greater level of competitive risk. Second, consistent with a hypothesis that performance evaluation and reward systems in diversified companies encourage conservative behavior by risk averse division managers, cable division managers almost never championed aggressive expansion programs; when diversified companies undertook such programs, they invariably were initiated by the corporate office. Third, institutional survival was viewed as a paramount priority in most of the sample companies, but this had different implications for risk taking in focused and diversified firms. In focused firms, a desire to perpetuate the institution reduced the likelihood that the company would be sold. In diversified companies, only older segments in the portfolio were considered to be part of the
Download or read book United States Cable Television Industry written by Satish Kumar Moorthy and published by . This book was released on 2009 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States cable television industry is experiencing fierce competition from telephone companies and content providers, as well as new and possibly unknown entrants. As organizations in the industry are currently dealing with competitor firms' ability to enter the domains of media, entertainment, and communications bundled services, areas that were traditionally controlled by the cable companies. The commoditization of voice, video, and data networks has led cable companies to rethink how they are going organize to be able to compete, service customer needs, and keep competitors from entering their domains, while maintaining best-in-breed product differentiation. In order for the cable companies to maintain their dominant position, I argue in this thesis that the firms must change from being a single service cable company, to being multi-service operators (MSO). This change in operations requires a new organization structure.
Download or read book Strategic Uses of Organizational Form written by Tasneem Chipty and published by . This book was released on 1993 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Determinants of Cable System Product Diversification written by Fang Liu and published by . This book was released on 2006 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Public Policy Toward Cable Television written by Thomas W. Hazlett and published by American Enterprise Institute. This book was released on 1997 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the effectiveness of the federal government's vacillating regulatory policy toward the cable television industry.
Download or read book From Resource Allocation to Strategy written by Joseph L. Bower and published by OUP Oxford. This book was released on 2005-10-27 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Joseph L. Bower and Clark G. Gilbert have collected together some of the leading experts on strategy to examine how strategy is actually made by company managers across the several levels of an organization. Is strategy a coherent plan conceived at the top by a visionary leader, or is it formed by a series of smaller decisions, not always reflecting what top management has in mind? Often it is by examining how options for using resources are developed and selected, that we can see how a company's competitive position gets shaped. On the basis of this understanding, we can see better how these processes can be managed. The book's five sections examine how the resource allocation process works, how the way it works can lead a company into serious problems, how top management can intervene to fix these problem, and where the most recent thinking on these problems is headed. A fifth section contains assessments of this work by thought leaders in the fields of economics, competitive strategy, organizational behavior, and strategic management. The implications for those who study firms are considerable. Activity that is normally thought about in terms of substantive outcomes such as market share and revenue growth, or present value and internal rate of return, is seen to be inextricably related to organizational and administrative questions. The findings presented here should inform the research of economists, strategists, and behavioral scientists. Thoughtful executives and those who consult with them will also find the book provocative. The processes described are complex, but clear enough so that the way toward effective management is apparent. The models developed provide a basis for building the systems and organization necessary for today's competitive world.
Download or read book Cable Television Industry written by United States. Congress. House. Committee on Small Business. Subcommittee on SBA and SBIC Authority, Minority Enterprise, and General Small Business Problems and published by . This book was released on 1982 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Structure and Strategy written by Thomas R. Eisenmann and published by . This book was released on 1997 with total page 852 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic and Legal Foundations of Cable Television written by Leonard Ross and published by Sage Publications (CA). This book was released on 1974 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effects of Market Structure and Ownership on Prices and Service Offerings in the U S Cable Television Industry written by William M. Emmons and published by . This book was released on 1993 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This study provides empirical evidence concerning the effects of alternative market structures and ownership modes on prices and service offerings in the cable television industry. Drawing on data from 1983 and 1989, we analyze the underlying characteristics and behavior of competing versus monopoly operators on the one hand, and privately versus non-privately owned operators on the other. Our econometric results suggest that prices charged by competing or non-privately owned firms for basic cable television service are significantly lower than prices charged in comparable franchise areas by monopoly private operators. However, we do not find consistent statistically significant differences in quality (in terms of number of satellite signals included in basic service) to exist between monopoly operators and competing or non-privately owned systems. Overall, we conclude that while our results offer some support for the 'effective competition' standards of the Cable Television Consumer Protection and Policy Act of 1992, they raise important questions about the feasibility of relying on direct competition and/or non-private ownership as 'cure alls' for the alleged abuses of private monopoly operators."--Abstract.
Download or read book Cable Television written by Felix Chin and published by Springer. This book was released on 1978-04-01 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid expansion of the cable television industry during the past 25 years has stimulated an almost equally rapid incxease in the volume of cable television literature being produced each year. Moreover, the rate of gxowth of the number of publications is increasing: of about 7000 articles, studies, and. reports on cable TV published between 1950 and 1977, more than 5000 appeared in print after 1965. Needless to say, the quality and subject areas of all this material vary widely, as do the range of txeat ment and. degree of detail that characterize different publications. Because the array of infoxmation and sources available is so vast, and. because the usefulness of the published material is not uniformly high, this bibliography, while truly comprehensive in the range of topics covered, aims at judiCious selection rather than completeness. I have attempted to provide the reader with all the best material ever published on any topic related to one of the most active areas of broadcasting, cable television. The first section of the bibliography lists general reference materials such as cable television periodicals (including publish ers' names and addresses) and. cable television indexes to periodi cals and legal digests. The main body of the bibliography contains annotated citations arranged by topic under the following seven categories: general in formation and history, cable television regulation and policy, cable technology and channel capaCity, cable television finance and economics, uses of cable television, cable television and education, and community control and franchises.
Download or read book Media Management written by Ann Hollifield and published by Routledge. This book was released on 2015-08-11 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: Media Management: A Casebook Approach provides a detailed consideration of the manager’s role in today’s media organizations, highlighting critical skills and responsibilities. Using media-based cases that promote critical thinking and problem-solving, this text addresses topics of key concern to managers: diversity, group cultures, progressive discipline, training, and market-driven journalism, among others. The cases provide real-world scenarios to help students anticipate and prepare for experiences in their future careers. Accounting for major changes in the media landscape that have affected every media industry, this Fifth Edition actively engages these changes in both discussion and cases. The text considers the need for managers to constantly adapt, obtain quality information, and be entrepreneurial and flexible in the face of new situations and technologies that cannot be predicted and change rapidly in national and international settings. As a resource for students and young professionals working in media industries, Media Management offers essential insights and guidance for succeeding in contemporary media management roles.
Download or read book Constructing the Cable Television Market in Latin America written by John L. Sullivan and published by . This book was released on 2000 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Management of Science Intensive Organizations written by Ellie Okada and published by Springer Nature. This book was released on 2021-01-04 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines what mechanisms enable science-intensive organizations to broaden beneficiaries of science in urban settings. Focusing on organizations that constitute urban resilience systems and networks, it maps the contributions of academic institutions, established multinationals, and entrepreneur firms in environmental, material, and related life sciences. It then develops a model of strategy and governance for organizations to invest in and implement new environmental material science projects. This book provides researchers with a framework based on management theories of R&D and resource allocation for resolving urban issues.
Download or read book Encyclopedia of Television written by Horace Newcomb and published by Routledge. This book was released on 2014-02-03 with total page 2730 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Encyclopedia of Television, second edtion is the first major reference work to provide description, history, analysis, and information on more than 1100 subjects related to television in its international context. For a full list of entries, contributors, and more, visit the Encyclo pedia of Television, 2nd edition website.
