1;Preface;5 2;Overview;7 3;Contents;10 4;List of Contributors;30 5;Part I: Introduction to Management;36 5.1;1 Managing in an International Environment;37 5.1.1;1.1 Introduction;38 5.1.2;1.2 Building a Global Talent Network;38 5.1.3;1.3 What Factors Contribute to an Optimal Climate for Coordinated Research and Development?;43 5.1.4;1.4 How Can External Areas of the Business - such as Partner Networks - Be Engaged to Support Globalization Efforts?;44 5.1.5;1.5 The Business Network Life Cycle;46 5.1.6;1.6 How Technology Can Support Business Network Transformation and Globalization;47 5.1.7;1.7 The Challenge for Management in the Era of Business Network Transformation;47 5.1.8;References;48 5.2;2 Superior Performance Through Value-based Management;49 5.2.1;Abstract;49 5.2.2;2.1 Introduction;50 5.2.3;2.2 Concepts of Value-based Management;51 5.2.4;2.3 Applications and Techniques of Value-based Management;56 5.2.5;2.4 Value Creation by Large German Firms;63 5.2.6;2.5 Value Creation by Large and Medium-sized German Utilities;66 5.2.7;References;69 5.3;3 Ways to Corporate Growth;71 5.3.1;Abstract;71 5.3.2;3.1 Growth Is a Strategic Necessity;72 5.3.3;3.2 Ways to Growth;75 5.3.4;3.3 Finding the Right Blend of External and Organic Growth;79 5.3.5;3.4 The Right Way to Organize Growth;83 5.3.6;References;87 5.4;4 Diversification and the Achievement of Scope Economies;88 5.4.1;Abstract;88 5.4.2;4.1 Introduction;89 5.4.3;4.2 Corporate Strategy and Diversification;89 5.4.4;4.3 Economies of Scope as an Imperative for Diversification;95 5.4.5;4.4 Diversification and the Achievement of Economies of Scope in the Utility Industry;99 5.4.6;4.5 Conclusion;101 5.4.7;References;102 5.5;5 Innovation and Technology Management;106 5.5.1;Abstract;106 5.5.2;5.1 Innovation - The Key to our Future;107 5.5.3;5.2 Innovation - an Essential Driver for Profitable Growth;109 5.5.4;5.3 Elements of Innovation Management;110 5.5.5;5.4 Innovation - a Cultural Issue;120 5.5.6;References;121 5.6;6 Entrepreneurial Orientation;122 5.6.1;Abstract;122 5.6.2;6.1 Introduction;123 5.6.3;6.2 The Concept of Entrepreneurial Orientation;123 5.6.4;6.3 The Dimensionality of Entrepreneurial Orientation;124 5.6.5;6.4 Entrepreneurial Orientation and Firm Performance;125 5.6.6;6.5 Contingency Theories;125 5.6.7;6.6 Environmental Variables;125 5.6.8;6.7 Organizational Variables;128 5.6.9;6.8 Combined Models of Venture Performance;129 5.6.10;6.9 Critique;130 5.6.11;6.10 Conclusions;131 5.6.12;References;132 5.7;7 New Paradigms in Organizational Design;137 5.7.1;Abstract;137 5.7.2;7.1 Introduction: Main Drivers Influencing the Organizational Framework of European Utilities;138 5.7.3;7.2 Keys to Reading the Current Organizational Framework of European Utilities;141 5.7.4;7.3 Challenges and Emerging Paradigms in Utilities Organizational Design;149 5.7.5;7.4 An Overview of US Utilities Organizational Trends;164 6;Part II: Fundamentals in Utility Management;166 6.1;8 An Industry Overview - Strategic Groups and Critical Success Factors;167 6.1.1;Abstract;167 6.1.2;8.1 Preface;168 6.1.3;8.2 An Industry Overview - Segmenting European Power Utilities;168 6.1.4;8.3 Critical Success Factors of Top-performing Utilities;173 6.1.5;8.4 Conclusion;175 6.2;9 The Utility Industry in 2020;177 6.2.1;Abstract;177 6.2.2;9.1 Introduction;178 6.2.3;9.2 Stakeholders in Utilities;182 6.2.4;9.3 Basic Drivers and Business Models;186 6.2.5;9.4 Evolutionary Scenario in the Utility Industry in 2020;190 6.2.6;9.5 Revolutionary Scenario in the Utility Industry in 2020;195 6.2.7;9.6 Conclusion;196 6.2.8;References;197 6.3;10 The Changing Structure of the Electric Utility Industry in Europe: Liberalisation, New Demands and Remaining Barriers;198 6.3.1;10.1 Introduction;199 6.3.2;10.2 The European Electricity Supply Industry in Pre-liberalisation Days;199 6.3.3;10.3 Restructuring of the European Electricity Supply Industry;200 6.3.4;10.4 Price Formation in a Liberalised Competitive Electricity Market;203 6.3.5;10.5 Perform