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1 – 10 of 872Jamil Anwar and SAF Hasnu
The purpose of this paper is to investigate the strategy-performance relationship in a multi-industry setting for joint stock firms operating in Pakistan using Miles and Snow…
Abstract
Purpose
The purpose of this paper is to investigate the strategy-performance relationship in a multi-industry setting for joint stock firms operating in Pakistan using Miles and Snow typology. The impact of firm size and industry on performance along with strategy is also investigated. The empirical research evidence on strategy-performance relationship for Miles and Snow typology is updated as well.
Design/methodology/approach
Scoring methodology is applied for identification of strategic types, including the reactor strategy. The consistency of the firms over time is also checked. Seven year archived financial data of 320 Pakistani joint stock firms from 12 industries are used for analysis. Descriptive statistics and analysis of variance is used for analysis.
Findings
Hybrid strategies are practiced by firms rather than pure strategies. The distribution of strategic types is uneven. There are mixed results for performance difference among strategic types for different industries and firm size. Defending and analyzing strategies are better than the prospecting strategies. Reactors performed better in some industries as well.
Originality/value
Proposed scoring methodology can be applied to identify all strategic types including reactors in the longitudinal studies. This can be replicated for other typologies or strategic group classifications. The process for identification of reactor strategy through a consistency check is a unique contribution to the literature, especially when archived financial data are used.
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Muhammad Tasleem, Nawar Khan and Asim Nisar
Corporate sustainability is an evolutionary strategic management concept that has now attained much attention both in literature and practice. In the present globalization and…
Abstract
Purpose
Corporate sustainability is an evolutionary strategic management concept that has now attained much attention both in literature and practice. In the present globalization and digital age, the competitive strengths of technology management (TM) and TQM practices are widely accepted but to what extent these strategies can interact and impact the sustainability performance is unknown. The purpose of this paper is to portray the significant role of TM and TQM in pursuing corporate sustainability performance (CSP) and to investigate their integrated relationship as a common framework.
Design/methodology/approach
This is a survey-based empirical research that has been carried out by means of development of a survey questionnaire and its distribution to multifaceted business organizations in a developing country. Random sampling technique was used for the data collection from companies registered with the Securities and Exchange Commission of Pakistan (SECP). Response from 209 companies was found useful for analysis in the study. After confirming the questionnaire items for reliability and validity (content, criterion-related and construct validity) correlation, regression, factor analysis, path analysis and mediation analysis were performed through SPSS and AMOS to assess the composition and causal association of factors.
Findings
Statistical results show that TQM does not only significantly impact CSP but also has an impact on each CSP dimension (economical, social and environmental sustainability performance), whereas TM has an insignificant direct effect on CSP and impacts economical sustainability dimension only. From nine hypotheses, two hypotheses are rejected suggesting that TM does not directly impact social and environmental sustainability. However, when mediation analysis was run by taking TQM as a mediator, the total effect of TM on CSP found significant suggesting that TQM significantly impacts the relationship.
Research limitations/implications
Paucity of response data can be a limitation for such empirical research. Due to practical limitations and risks in the data presentation of mixed cultural dimensions, the data was collected only from in country organizations. Moreover, respondents in the local country do not keenly participate in such surveys because of a gap between the industry and academia.
Practical implications
The study attempts to examine the practice and performance levels of CSP, TQM and TM among multi industries, thereby, extending a better understanding of the prevailing situation with regards to these concepts in a developing country. Though the results of the study confine local inferences but the findings can be generalized to other part of the world if further research is carried out with more data.
Social implications
The study outcomes draw the attention of the country’s executive leadership and the industrial boards toward the implementation of the most top-ranked agenda of sustainability performance in connection to quality and TM practices. One of the major findings reveals that local organizations are primarily more focused toward economical sustainability dimension, however, benefits of economical stability can be improvised to attain environmental and social sustainability performances with desired concentration on technology advancement and TQM culture and practice.
Originality/value
The study is unique in the prescribed scope which has been carried out in a developing country with focus on strategic concepts, and their interacted relationship, of CSP, TQM and TM in form of proposed research framework. This framework can be used or further investigated for validation, by practitioners and managers working to lead sustainability management in respective areas.
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Jochem T. Hummel and Nima Amiryany
This study focuses on intra-industry determinants of acquisition performance. Seven years of printed research on acquisitions from 10 top-tier business journals is categorized on…
Abstract
This study focuses on intra-industry determinants of acquisition performance. Seven years of printed research on acquisitions from 10 top-tier business journals is categorized on the basis of R&D intensity – that is, per industry classification: high-, medium-, and low-technology – and determinants of acquisition performance. Instead of broadly generalizing acquisition performance determinants across industries, this study focuses on how the practice of enhancing acquisition performance is different per industry classification and what acquiring firms need to take into account.
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Sebastian Arendt and Malte Brettel
The aim of this paper is to examine the effects of corporate social responsibility (CSR) on corporate identity, image and firm performance in a multi‐industry setting, in order to…
Abstract
Purpose
The aim of this paper is to examine the effects of corporate social responsibility (CSR) on corporate identity, image and firm performance in a multi‐industry setting, in order to support evidence that the effects of CSR differ in different industry settings.
Design/methodology/approach
The study, based on pre‐existing CSR scales, was tested using data collected from a sample of 389 European companies. Hypotheses are based on the examination of the moderating effects of CSR using a group comparison method.
Findings
Contingency models show that CSR triggers the corporate‐image‐building process and that its relationship to company success varies significantly based on company size, industry and marketing budget.
Research limitations/implications
This research was conducted within a specific region in the EU and as such these findings may or may not be generalized to other regions like Asia or the USA. In addition, the secondary data of the study did not include stakeholders other than customers and suppliers, suggesting that further analysis of the model should be made using data from additional stakeholders.
Practical implications
Previous research has shown mixed results from companies' efforts in the field of CSR. This paper triggers practitioners' discussion about the ability to pursue CSR, depending on their size, industry, and marketing budget, and helps them to set the right focus for their CSR efforts.
Originality/value
The study enriches the body of empirical research on CSR and provides support for research investigating under which conditions CSR is most effective. It is the first to analyze samples from different industries in this context.
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Arpan Kumar Kar and Ashis K. Pani
Supplier selection studies have used a wide variety of supplier evaluation criteria, due to the diversity of the purchasing context. The purpose of this study is to identify the…
Abstract
Purpose
Supplier selection studies have used a wide variety of supplier evaluation criteria, due to the diversity of the purchasing context. The purpose of this study is to identify the critical supplier selection criteria which are important across industries and across purchasing contexts, and subsequently estimate the importance of these criteria to the procurement practitioners.
Design/methodology/approach
First, a Delphi study has been conducted to identify the critical supplier selection criteria across manufacturing industries. Then, data were collected from 188 firms across 12 industries and analysed with fuzzy analytic hierarchy process for group decision making, to estimate the relative importance of these criteria.
Findings
Findings indicate that seven criteria are of critical importance to Indian manufacturing industries. Also evaluation criteria like product quality, delivery compliance and price have maximum criticality, while criterion like e-transaction capability is gaining in importance, with the increased adoption of e-procurement platforms.
Research limitations/implications
The study has been conducted in India, while focusing on Indian manufacturing industries. Similar study conducted in developed economies may produce different results.
Practical implications
Findings will be useful for practitioners for benchmarking supplier selection processes, not only in India, but also in similar emerging economies. Also, the outcome will provide insights for suppliers for developing systemic improvements.
Originality/value
There has been no study in recent years which has attempted to estimate the importance of supplier selection criteria, while taking a multi-industry approach. This study identifies the critical evaluation criteria and estimates their relative importance to procurement experts.
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Brigitte Wecker and Matthias Brauer
Misconduct allegations have been found to not only affect the alleged firm but also other, unalleged firms in form of reputational and financial spillover effects. It has remained…
Abstract
Misconduct allegations have been found to not only affect the alleged firm but also other, unalleged firms in form of reputational and financial spillover effects. It has remained unexplored, however, how the number of prior allegations against other firms matters for an individual firm currently facing an allegation. Building on behavioral decision theory, we argue that the relationship between allegation prevalence among other firms and investor reaction to a focal allegation is inverted U-shaped. The inverted U-shaped effect is theorized to emerge from the combination of two effects: In the absence of prior allegations against other firms, investors fail to anticipate the focal allegation, and hence react particularly negatively (“anticipation effect”). In the case of many prior allegations against other firms, investors also react particularly negatively because investors perceive the focal allegation as more warranted (“evaluation effect”). The multi-industry, empirical analysis of 8,802 misconduct allegations against US firms between 2007 and 2017 provides support for our predicted, inverted U-shaped effect. Our study complements recent misconduct research on spillover effects by highlighting that not only a current allegation against an individual firm can “contaminate” other, unalleged firms but that also prior allegations against other firms can “contaminate” investor reaction to a focal allegation against an individual firm.
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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…
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.
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Chunjuan Luan and Xiuping Wang
The purpose of this paper is to help China's science and technology (abbr. as S&T) managers and related policy makers to allocate S&T human resources, optimize organizational…
Abstract
Purpose
The purpose of this paper is to help China's science and technology (abbr. as S&T) managers and related policy makers to allocate S&T human resources, optimize organizational systems of laboratories, design and plan some grant projects, and manage other S&T‐related work in the field of nanoscience and nanotechnology, by measuring and mapping of technology‐fields correlation, with nanotechnology as an example.
Design/methodology/approach
Methodologies such as co‐occurrence analysis, correlation analysis, multidimensional scaling (abbr. as MDS) analysis, dendrogram (tree‐like) analysis, etc. are employed to measure and map technology‐fields correlation.
Findings
It is found that the exact relevance degree of any two technology‐fields exists among the top 33 technology‐fields with high frequencies. There are three industrial clusters in Multidimentional Scaling View, that is, nanotechnology used in bio‐medical industry, nanotechnology used in new material industry and nanotechnology used in electronic industry. Hierarchy of any two technology‐fields can be found out in the dendrogram view of the top 33 technology‐fields.
Originality/value
This paper could be of great significance to China's S&T managers and related policy makers, especially in the area of nanotechnology, in selecting and managing generic technology and the findings in this paper can be applied in some other fields of science and technology management in China. Both technology‐fields correlation analysis and MDS and dendrogram view analysis could benefit China's policy makers in managing nanotechnology research and development activities.
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Jamil Anwar and SAF Hasnu
Strategic typologies are applied to investigate strategy–performance relationship. The typology of Miles and Snow (1978) is one of them, but the methodology applied for…
Abstract
Purpose
Strategic typologies are applied to investigate strategy–performance relationship. The typology of Miles and Snow (1978) is one of them, but the methodology applied for identification of strategic types for archival financial data is questionable on three grounds: no standard procedure for categorization of strategic types; identification of reactor strategy is always ignored; and the behavior of firms’ strategic orientation over time is under-researched. Besides, the assumptions that viable strategies are expected to perform equally well, outperform reactors and distributed evenly are not overwhelmingly supported. The purpose of this paper is to address these issues.
Design/methodology/approach
A refined scoring methodology is developed and used for identification of all strategic types, including reactors, by investigating the consistency of the firms over time. Empirical analysis using seven years of data of 121 joint stock firms of the textile sector in Pakistan is performed to test the assumptions regarding presence, distribution and performance of strategic types.
Findings
There is significant difference in the distribution of the strategic types. Pure defenders and pure prospectors are non-existing, whereas a reasonable number of reactors are present. Overall difference in performance among strategies is generally insignificant and viable strategies outperformed reactors. The effect of size on performance is also insignificant. However, there is variation in performance of strategies with variation in size. Strategy is the better predictor of performance than size.
Originality/value
The transition of strategic stance of the firms over time and the identification of reactor strategy from archived financial data are the important outcomes of the proposed methodology. The proposed methodology can be used for any longitudinal study for identification of all possible strategic types and can also be used for any other typological research.
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Chethan D. Srikant and Atul Teckchandani
The purpose of this paper is to develop an integrative approach to help firms across multiple industries ensure operational continuity and manage ongoing climate-change related…
Abstract
Purpose
The purpose of this paper is to develop an integrative approach to help firms across multiple industries ensure operational continuity and manage ongoing climate-change related disruptions. It provides an implementation model that would first, help firms recognize this as an issue and second, start incorporating certain practices in their decision-making processes.
Design/methodology/approach
The analytical framework in this paper is based on the strategic management’s resource-based view. According to this view, certain resources provide sustainable competitive advantages because they score high on the following four dimensions: valuable, rare, inimitable and organized to exploit. This paper introduces a fifth dimension – the climate change resilience of the resource. Resources that are not always obvious choices for providing competitive advantages – air, freshwater, workspaces and customers – are evaluated. Each resource is analyzed through the perspective of two disparate industries.
Findings
This paper highlights to two important findings. First, resources that are rarely considered as providing competitive advantage can become important when the authors add the fifth dimension – climate change resilience. Second, location choices are critical to ensuring climate change resilience. When firms are location constrained, a contingency plan needs to be in place. These contingency plans could range from redesigning physical assets to redesigning human resources practices.
Originality/value
This paper illustrates the need and the utility of climate change resilience when assessing the sustainable competitive advantage of a resource. Using the above findings, this paper develops a model for implementing a location-based strategy, which firms in any industry could adopt to ensure the climate change resilience of their resources.
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