More on adoption criteria of revolutionary business techniques: the case of ETFs
Abstract
Purpose
This paper aims to add further evidence to adoption criteria for “revolutionary” business techniques.
Design/methodology/approach
Adoption criteria for business techniques with a high degree of novelty have been developed earlier. The case of exchange-traded funds supports the earlier findings. The methodology applied is explicative.
Findings
The analysis supports findings that an effective response to a problem, the availability of a controllable procedure, the means to apply the procedure easily and the hardware jointly explain adopting “revolutionary” business techniques.
Research limitations/implications
The results of case studies, in general, do not permit induction. More research might identify additional adoption criteria or falsify the presently obtained results. Therefore, further research is invited.
Practical implications
Managers seeking or being introduced to new techniques in business administration might use the criteria outlined here for their evaluation.
Originality/value
The author believes this paper corroborates earlier findings on adopting “revolutionary” business techniques that draw on theoretically developed technologies.
Keywords
Acknowledgements
The author is grateful to Hartmut Schmidt, a retired professor from the University of Hamburg and one of the guardians of the historical Curt Eisfeld Library, for pointing him at Gustav Cohn and his work. The helpful advice by two anonymous referees is also gratefully acknowledged.
Citation
Brockhoff, K. (2023), "More on adoption criteria of revolutionary business techniques: the case of ETFs", Journal of Management History, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JMH-06-2023-0059
Publisher
:Emerald Publishing Limited
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