High-ranking business representatives used the WHU Campus for Corporate Transformation 2022 to exchange views at eye levelRead more
The Chair of Innovation and Corporate Transformation is committed to rigorous, interdisciplinary and relevant research in collaboration with business leaders. Our aim is to discover and share how companies can best adapt to changing environments and capitalize on new technologies, markets, and customers.
Professor Ozcan is also the Founding Director of WHU Campus for Corporate Transformation, a forum dedicated to exploring the challenges and opportunities of corporate transformation. He is also the co-host of the Leading Corporate Transformation: The WHU Podcast, powered by PwC, featuring inspiring transformational leaders from renowned European companies.
Our work has been published in prestigious research journals such as the Academy of Management Journal, Management Science, MIT Sloan Management Review, Organization Science, Journal of Management Studies, Journal of Business Venturing, and Strategic Organization.
Innovation on the move –
Keep up with the latest events and activities.
High-quality and innovative research –
Giving organizations a competitive edge.
We aim to inspire business leaders with our research results, developing effective management tools and best practices which inform public policy debate.
Our research focuses on three specific areas:
Organizations have recently emerged, such as new budget airlines, microbreweries, and organic supermarkets, that use radically different business models to successfully penetrate their relevant markets. On this track we discuss:
- Why, where and how do new business models and organizational forms emerge?
- How do new business models/new organizational forms compete with established models/forms, gain acceptance, diffuse and come to dominate?
- How do the processes of emergence, rivalry, diffusion and growth differ across base-of the pyramid countries, emerging markets and mature economies?
- How do new business models/organizational forms generate socio-economic change and reconfigure the basis of competition in industries?
Growth ecosystems are integral to start-up formation, scaling, talent development and technical and social progress. In such systems, venture capital (VC) and private equity (PE) play prominent roles. Our research investigates the inner workings of VC/PE firms, their operational mechanics, and their value creation.
We also investigate:
- What determines VC/PE activity in emerging markets?
- How does VC behavior differ in emerging markets?
- How much value/innovation does PE foster in emerging market economies?
- How do emerging market start-ups and firms deal with VC/PE?
- How do PE firms extract value from emerging market firms?
We look at how companies begin and evolve while remaining competitive and entrepreneurial. Some of the key questions we examine include:
- How do early choices regarding strategy, structure, and governance affect the way the company evolves, competes, and adapts?
- How can organizations remain nimble, flexible, responsive, innovative, and entrepreneurial while expanding?
- How should firms transform their identity as they grow and competition increases?
- How should mature firms identify, develop, and exploit new, innovative resource combinations and growth opportunities?
- What is the best way to acquire talent from rivals and deploy it strategically?
- How should firms design, develop, and manage corporate venture capital?
- How should companies execute corporate entrepreneurship through acquisitions in emerging markets?
- How can emerging market firms become innovation organizations?
- How should firms source and exploit emerging market innovations?
Opinions that matter –
View recent media coverage.
So handeln CFOs bessere M&A-Deals aus
How CFOs can pull their weight in M&A
Big Four: Wer ist die Nummer 1 im Restrukturierungsmarkt?
Academic Study Demonstrates that when Chinese Investors buy German Hidden Champions, their Profitability and Performance Drop
Professor Warns Against Bubble in Venture Market
Lots of Venture Capital for Danish Startups in 2019
German Companies Love Stability. That’s Becoming a Problem
CIOs learn leadership in digitalization.
Study shows German supervisory boards are too weak.
German supervisory boards: Too old, too numerous, too formal
Badly equipped, relatively useless, and all old guys: Study criticizes supervisory boards
What's wrong with Germany's supervisory boards?
Start-ups die faster following an investor turnover
B2B start-ups and business models
|Bloomberg International, Washington Post:|
Midea Touts Kuka Deal as Chinese Offer Hits German Hurdles
|Bloomberg International, Chicago Tribune, Beijing Bulletin:|
Salami Strategy: Why China Will Want More After Robot Maker Deal
What's wrong with Germany's supervisory boards?
Supervisory boards are useless
Our publications –
A selection of journal articles and cases.
Referrals among VCs and the length of due diligence: The effect of relational embeddedness
Günther, C., Ozcan, S., Sassmannshausen, D. (2022). Referrals among VCs and the length of due diligence: The effect of relational embeddedness. Journal of Business Venturing,Vol. 37 (5): 106-230.
How are competing logics combined in managerial teams?
Boone, C. , Ozcan, S. & Li, J. (2022). How are competing logics combined in managerial teams? The impact of branch founding team hybridity on the growth of Islamic bank branches in Turkey, 2002-2019, Journal of Management Studies, Vol. 59 (6): 1460-1492.
Variation in Organizational Practices: Are Startups Really Different?
M Feldman, S Özcan and T Reichstein 2021. Variation in Organizational Practices: Are Startups Really Different?, Journal of Evolutionary Economics 31(1): 1-31.
The Four Competencies Every IT Workforce Needs.
Oppositional logics and the antecedents of hybridization: A country-level study of the diffusion of Islamic banking windows, 1975-2017.
C Boone, S Özcan 2019. Oppositional logics and the antecedents of hybridization: A country-level study of the diffusion of Islamic banking windows, 1975-2017, Organization Science 31(4): 797-1051.
Falling not far from the tree: Entrepreneurs' prior employment and the transfer of organizational practices.
The ideological purity vs. hybridization trade-off: When do Islamic banks hire managers from conventional banking.
Strategic choices at entry and relative survival advantage of cooperatives vs. corporations in the US bio-ethanol industry.
C Boone, S Özcan 2016. Strategic choices at entry and relative survival advantage of cooperatives vs. corporations in the US bio-ethanol industry, 1978-2015, Journal of Management Studies, 53(7): 1109-1255.
Why do cooperatives emerge in a world dominated by corporations? The diffusion of cooperatives in the US bio-ethanol industry, 1978-2013.
C Boone, S Özcan 2014. Why do cooperatives emerge in a world dominated by corporations? The diffusion of cooperatives in the US bio-ethanol industry, 1978-2013, Academy of Management Journal, 57(4): 990-1012.
How does rivals' presence affect firms' decision to enter new markets? Economic and sociological explanations.
Transition to entrepreneurship from the public sector: Predispositional and contextual effects.
A cognitive model of stock market reactions to multi-firm alliance announcements.
Outsourcing innovative capabilities for IT‐enabled services.
V Mahnke, S Özcan, ML Overby, 2006. Outsourcing innovative capabilities for IT‐enabled services, Industry and Innovation, 13(2): 189-207.
S Özcan 2022. EnerjiSa Üretim: An Electrifying Transformation Following a Demerger
S Özcan 2020. TUI AG Starting With a Clean Slate in a Digital World
S Özcan 2020. Klöckner & Co: A Digital Old Economy Firm
S Özcan 2020. Thyssenkrupp: Stronger Than Steel?
The China Gambit: When Chinese VCs knock on a German start-up's door.
S Özcan 2020. ProSiebenSat.1 Media: Digital Diversification & Platform Wars
Awards and Accolades –
In recognition of excellence in research and teaching.
- Best Teacher award from WHU’s Full-Time MBA II Class (2018) (Prof. Ozcan)
- Best Paper Runner Up Prize, Coller Institute, Tel Aviv University, Annual Meeting in Hong Kong (2017) (Prof. Ozcan)
- The Danish Society for Education and Business Prize for Excellence in Teaching in Denmark (2012) (Prof. Ozcan)
- Best Paper Finalist, Israel Strategic Management Conference, Be'er Sheva, Israel (December 27-29, 2009) (Prof. Ozcan)
- Recognition for “outstanding” teaching and course coordination, Asian Studies Program, Copenhagen Business School (2007) (Prof. Ozcan)
- Winner of Robert J. Litschert Best Doctoral Student Paper at Business Policy Division, Academy of Management, Atlanta, USA (2006) (Prof. Ozcan)