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Journal ArticleDOI

Strategy and environment as determinants of performance: Evidence from the Japanese machine tool industry

Suresh Kotha, +1 more
- 01 Jan 1995 - 
- Vol. 16, Iss: 7, pp 497-518
TLDR
The results indicate that both firm strategies and the environment play significant roles in influencing profitability and growth, and that capital expenditures and technological change are not negatively associated with profitability but technological change has a positive impact on firm growth.
Abstract
This study examines the roles played by the environment and realized strategies on firm-level performance in the Japanese machine tool industry. We examine the effect of environment and strategy on performance using longitudinal data on a sample of 25 Japanese machine tool firms over the period 1979-92. Our results indicate that both firm strategies and the environment play significant roles in influencing profitability and growth. More specifically, whereas both strategy and environmental variables are significantly related to firm profitability, only environmental variables are associated with firm growth. Additionally, in contrast to U.S. based studies, we find that capital expenditures and technological change are not negatively associated with profitability. Rather technological change has a positive impact on firm growth. We discuss the implications of these results for strategic management and provide suggestions for future research.

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Citations
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The impact of supply chain integration on performance: A contingency and configuration approach

TL;DR: The findings of both the contingency and configuration approach indicated that SCI was related to both operational and business performance, and indicated that internal and customer integration were more strongly related to improving performance than supplier integration.
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Does Stakeholder Orientation Matter? The Relationship Between Stakeholder Management Models and Firm Financial Performance

TL;DR: In this paper, the authors contributed to stakeholder theory development by deriving two distinct stakeholder management models from extant research, and testing the descriptive accuracy of these models, and including important variables from the strategy literature in the tested models.
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Exploratory Innovation, Exploitative Innovation, and Performance: Effects of Organizational Antecedents and Environmental Moderators

TL;DR: In this paper, the authors examined how environmental aspects (i.e., dynamism and competitiveness) moderate the effectiveness of exploratory and exploitative innovation and found that exploratory innovation is more effective in dynamic environments whereas exploiting competitive environments is more beneficial to a unit's financial performance.
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Exploratory Innovation, Exploitative Innovation, and Performance: Effects of Organizational Antecedents and Environmental Moderators

TL;DR: In this paper, the authors examined how environmental aspects (i.e., dynamism and competitiveness) moderate the effectiveness of exploratory and exploitative innovation and found that exploratory innovation is more effective in dynamic environments, whereas exploiting competitive environments is more beneficial to a unit's financial performance.
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A Contingent Resource-Based View of Proactive Corporate Environmental Strategy

TL;DR: In this article, the authors integrate perspectives from the literature on contingency, dynamic capabilities, and the natural resource-based view of the firm to propose how dimensions of the general competitive environment of a business will influence the development of a dynamic, proactive corporate strategy for managing the business-natural environment interface.
References
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Book

The theory of economic development

TL;DR: Buku ini memberikan infmasi tentang aliran melingkar kehidupan ekonomi sebagaimana dikondisikan oleh keadaan tertentu, fenomena fundamental dari pembangunan EKonomi, kredit, laba wirausaha, bunga atas modal, and siklus bisnis as mentioned in this paper.
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A Behavioral Theory of the Firm

TL;DR: In this paper, the authors present an overview of basic concepts in the Behavioral Theory of the Firm, and present a specific price and output model for a specific type of products. But they do not discuss the relationship between the two concepts.
Journal ArticleDOI

Organizational Strategy, Structure, and Process.

TL;DR: The proposed theoretical framework deals with alternative ways in which organizations define their product-market domains (strategy) and construct mechanisms (structures and processes) to pursue these strategies.
Book

Organizational Strategy, Structure, and Process

TL;DR: In this paper, a theoretical framework for organizational adaptation is proposed, which deals with alternative ways in which organizations define their product-market domains (strategies) and construct mechanisms (structures and processes) to pursue these strategies.
Journal ArticleDOI

Technological Discontinuities and Organizational Environments

TL;DR: In this article, the authors investigate the patterns of technological evolution and their impact on environmental conditions and find that technological change within a product class will be characterized by long periods of incremental change punctuated by discontinuities, and the locus of innovation will differ for competence destroying and competence-enhancing technological changes.