To read this content please select one of the options below:

Strategy-performance relationships: A comparative analysis of pure, hybrid, and reactor strategies

Jamil Anwar (Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan)
S.A.F. Hasnu (Department of Management Sciences, COMSATS Institute of Information Technology, Abbottabad, Pakistan)

Journal of Advances in Management Research

ISSN: 0972-7981

Article publication date: 2 October 2017

Issue publication date: 2 October 2017

1065

Abstract

Purpose

The extant literature has challenged the original idea that pure strategy leads to superior performance. This shift has raised the question whether pure strategy is still superior to hybrid strategy? The purpose of this paper is to investigate the strategy-performance relationship in this context and the performance of pure, hybrid, and reactor strategies is compared.

Design/methodology/approach

Scoring method is used for identification of strategic types. ANOVA, univariate, and multivariate regression models are applied for empirical analysis using seven-year financial data of 307 Pakistani joint stock firms from 12 industries.

Findings

The results show that firms in Pakistan practice hybrid and reactor strategies rather than pure strategies. Overall, defending and analyzing strategies perform better than the prospecting strategies. However, the performance of the strategic types varies among industries and firm size. Strategy and firm size are the better predictors of firm performance.

Originality/value

The proposed methodology can be replicated to identify strategic groups and strategic orientations proposed by typological classifications when longitudinal studies are carried out. The process for identification of pure, hybrid, flexible, consistent, and reactor strategies is a key contribution to the literature.

Keywords

Citation

Anwar, J. and Hasnu, S.A.F. (2017), "Strategy-performance relationships: A comparative analysis of pure, hybrid, and reactor strategies", Journal of Advances in Management Research, Vol. 14 No. 4, pp. 446-465. https://doi.org/10.1108/JAMR-07-2016-0056

Publisher

:

Emerald Publishing Limited

Copyright © 2017, Emerald Publishing Limited

Related articles