Stefano Garzella

This article aims to reconsider Fabio Besta's (1845–1922) research from new and competing points of view. The study follows a biographical research approach by critically discussing some of the principal writings and contributions of Fabio Besta, particularly La Ragioneria (Volumes I, II and III). Unlike prior studies on this topic, we adopt a (reverse) deductive theoretical approach. Starting from the analysis of the accounting model proposed by Fabio Besta, we highlight the still contemporary relevance slightly more than 100 years after his death of the concepts of the firm and wealth production. These are usually framed from a static and atomistic perspective. The article shows that Besta anticipated the conceptualisation of pivotal concepts, such as value creation and goodwill, in modern value-based theory and accounting systems. Moreover, the findings attempt to highlight insights into contexts such as business administration, business valuation and performance measurement with which accounting interacts.

Purpose: The paper aims to analyse the construct of business model innovation (BMI) in the digital and sustainable landscape, investigating the key role of boundary strategies. The paper advances a comprehensive framework aimed at further understanding the overlap among digitalization, sustainability and BMI development, by a “boundary approach”. Design/methodology/approach: The paper follows a theoretical approach based on an in-depth review of relevant literature on BMI, digitalization and sustainability as relevant megatrends and, boundary management. By critically integrating the literature, a framework is developed with the objective of supporting firms in the current transformation challenges. Findings: The paper highlights the interplay among BMIs, megatrends and boundary management. The pressures and opportunities driven by the technological changes have made even more relevant the management of resources placed in the boundary area. Our study shows how firms can rethink their BMs in the digital and sustainable landscape by providing a boundary-based framework. Practical implications: The framework offers insights and guidelines to help practitioners manage the change processes dictated by digitalization and sustainability. The authors encourage a focus on boundary resources/capabilities to increase the effective management of the digitalization and sustainability processes, to grasp the external stimuli driven by these two megatrends and to develop new/renewed BMIs. Originality/value: This study emphasizes the importance of developing new BMIs in the current digital and sustainable landscape starting from the analysis of firm’s boundaries. The paper enriches the BMI literature supporting the enhancement of boundary management, leading firms to overcome challenges in the digital and sustainable landscape.

Digitalization and sustainability are changing companies by transforming products, services and operations. While the growth of a digital and sustainable economy may increase firm performance, these new trends also raise potential challenges for companies pertaining to corporate governance structures. Companies are now faced with various alternatives regarding how digitalization and sustainability roles might be integrated into corporate governance structures. We aim to analyse how roles dedicated to digitalization and sustainability have been integrated into governance structures and how these changes impact corporate communication. We provide an explorative analysis in a sample of Italian, French and Spanish companies from the fashion and food sectors. These companies exhibit common features, analogous levels of success and critical factors and similar business models; moreover, fashion and food represent two of the main driving sectors of the selected countries’ economies. For these companies, the findings highlight a positive convergence regarding the inclusion of new corporate roles devoted to managing digitalization and sustainability processes. However, the analysis shows the different impacts of these roles on corporate governance structures and the different ways of externally communicating these impacts. In this sense, our study encourages the identification of governance models and different kinds of corporate communication that are able to promote digitalization processes and sustainable paths for companies. The paper contributes to the field of digitalization and sustainability studies and suggests insights to help practitioners manage related processes by promoting an evolution in the corporate governance structures and corporate communications of food and fashion companies.

Purpose: The aim of this paper is to investigate the role of boundary management when firms should implement open innovation.Design/methodology/approach: The relevant literature on strategic management, firm boundaries and open innovation fields is revised and critically assessed. An interpretive-qualitative methodology is applied to analyse empirical data obtained from a questionnaire and subsequent interviews of a sample of Italian listed firms. By critically integrating literature review and empirical analysis, a framework is provided with the objective of supporting open innovation implementation.Findings: The study shows that on the one hand, open innovation and many modern paths of growth are connected to a firm's boundaries and that on the other hand, boundary management plays a key role in the implementation of open innovation.Practical implications: The paper has implications for practitioners by driving them to shift the focus of open innovation implementation towards the management of boundaries, in which boundary capabilities and activities play a key role.Originality/value: This paper sheds light on the advantages and risks that can jeopardize a successful opening up innovation processes without the effective management of boundary studies. Thus, the authors identify and propose causes for reflection and tools maximizing potentiality and reducing risks in the implementation of such processes.

The digital era is radically changing our societies and how firms do business. Innovating the business model has become a fundamental capability to survive competition, particularly for small and medium-sized enterprises (SMEs). This study investigates the digital-era role of boundary management capabilities in the processes of Business Model Innovation (BMI) in SMEs. Structural Equation Modelling is adopted to analyse data from a survey of 250 Italian experts who possess direct research and consulting experience with SMEs. Our findings reveal that digitalisation and firms’ boundaries affect BMI in SMEs. Moreover, our results demonstrate how boundary management, specifically its technological and relational aspects, directly impacts BMI and mediates the relationship between boundary size and BMI. The study also offers important theoretical and practical insights, calling on scholars and managers to give more attention to the boundary management of SMEs in order to support BMI.

Purpose: The purpose of this paper is to examine some of the new capabilities that are required for the facilitation of business processes management (BPM) in the current political and technological landscape. Specifically, the goal is to investigate the role of firm boundaries, from a business processes perspective, in new contexts in which the affirmation of digitalization requires more integration across a complex network of partners.Design/methodology/approach: The paper is based on a review of relevant literature on BPM, firm boundaries and negotiation. By critically integrating this literature, a framework is developed with the objective of supporting the management of boundaries.Findings: BPM, new competitive contexts, and the technological landscape require the development and management of boundary capabilities. Among these capabilities, “boundary management” – how managers coordinate resources, activities and business processes on the boundaries of the firm – should play a key role. Moreover, as managers must continuously interact with multiple partners in digital supply chains, the organizational model of negotiation serves as a means of effectively managing firm boundaries.Practical implications: The framework offers insights and guidelines that can help practitioners manage the boundaries of business processes. The authors encourage a focus on business processes occurring at firm boundaries. Furthermore, the authors encourage the development of new capabilities in response to the needs of practitioners to ensure best practices of negotiation.Originality/value: This study shifts the emphasis of BPM from the boundaries of management to the management of boundaries. By shedding light on new capabilities required, this paper enriches the BPM literature and can assist, on the one hand, in reconfiguring business processes in the new political and technological landscape and, on the other hand, in facilitating effective negotiation.