New product development and flawed cause-and-effect relations in strategy maps: Study Case

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New product development and flawed cause-and-effect relations in strategy maps: Study Case. / Lueg, Rainer.
In: European Journal of Management, Vol. 21, No. 1, 06.2021, p. 58-65.

Research output: Journal contributionsJournal articlesResearchpeer-review

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@article{bc17ad9d615d4f3d830eb25fda15c605,
title = "New product development and flawed cause-and-effect relations in strategy maps: Study Case",
abstract = "The case study deals with a division in an electronics-manufacturing corporation. The division follows a low-cost high quality strategy and uses target costing for new product development (NPD). The case illustrates how the division makes some mistakes in translating its insights from target costing into picking the right measures in the BSC. As a result, the BSC does not demonstrate the cause-and-effect relationships sought out in NPD. Several remedies relating to strategic alignment, a stricter customer focus as well as stronger application of people-related measures are suggestions how to deal with current problems. The case study offers the opportunity to discuss how the implemented strategy can be reflected by a code of conduct. The case study has been designed for teaching purposes and does not illustrate commendable or problematic corporate practices.",
keywords = "Management studies, target costing, Blanced Scorecard, code of conduct, instructional case study",
author = "Rainer Lueg",
year = "2021",
month = jun,
doi = "10.18374/ejm-21-1.4",
language = "English",
volume = "21",
pages = "58--65",
journal = "European Journal of Management",
issn = "1555-4015",
publisher = "International Academy of Business and Economics",
number = "1",

}

RIS

TY - JOUR

T1 - New product development and flawed cause-and-effect relations in strategy maps

T2 - Study Case

AU - Lueg, Rainer

PY - 2021/6

Y1 - 2021/6

N2 - The case study deals with a division in an electronics-manufacturing corporation. The division follows a low-cost high quality strategy and uses target costing for new product development (NPD). The case illustrates how the division makes some mistakes in translating its insights from target costing into picking the right measures in the BSC. As a result, the BSC does not demonstrate the cause-and-effect relationships sought out in NPD. Several remedies relating to strategic alignment, a stricter customer focus as well as stronger application of people-related measures are suggestions how to deal with current problems. The case study offers the opportunity to discuss how the implemented strategy can be reflected by a code of conduct. The case study has been designed for teaching purposes and does not illustrate commendable or problematic corporate practices.

AB - The case study deals with a division in an electronics-manufacturing corporation. The division follows a low-cost high quality strategy and uses target costing for new product development (NPD). The case illustrates how the division makes some mistakes in translating its insights from target costing into picking the right measures in the BSC. As a result, the BSC does not demonstrate the cause-and-effect relationships sought out in NPD. Several remedies relating to strategic alignment, a stricter customer focus as well as stronger application of people-related measures are suggestions how to deal with current problems. The case study offers the opportunity to discuss how the implemented strategy can be reflected by a code of conduct. The case study has been designed for teaching purposes and does not illustrate commendable or problematic corporate practices.

KW - Management studies

KW - target costing

KW - Blanced Scorecard

KW - code of conduct

KW - instructional case study

UR - https://www.mendeley.com/catalogue/9c059d53-64b2-3742-8a12-9d35aa975498/

U2 - 10.18374/ejm-21-1.4

DO - 10.18374/ejm-21-1.4

M3 - Journal articles

VL - 21

SP - 58

EP - 65

JO - European Journal of Management

JF - European Journal of Management

SN - 1555-4015

IS - 1

ER -

DOI

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