ACTIONS SPEAK LOUDER THAN MODES: ANTECEDENTS AND IMPLICATIONS OF PARENT IMPLEMENTATION CAPABILITIES ON BUSINESS UNIT PERFORMANCE

• 成果类型: Article
• 署名作者: Parmigiani, Anne; Holloway, Samuel S.
• 署名单位: University of Oregon; University of Portland
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.920
• 发表日期: 2011
• 页码: 457-485
• 关键词: governance choice; STRATEGY IMPLEMENTATION; resource-based view; capabilities; corporate strategy

摘要

Firm boundaries and strategic execution affect the firm's ability to generate rents, grow, and survive. Boundaries are determined through governance mode choices, such as whether to make or buy a particular good or activity. While significant work has addressed the performance implications of this fit, less attention has been directed toward strategic execution, or implementation. In particular, the impact of corporate parents has been understudied. We suggest that parent-level implementation capabilities of operating expertise gained through related experience and coordination from collocation combine with governance mode choices to jointly affect performance. By employing theories of organizational economics and testing predictions in casual dining chains, this paper unpacks the relationship between implementation, governance mode choice, and performance. Our findings suggest that parent capabilities may be more important than mode choice fit and that parent benefits are contingent upon mode choice and type of performance. Copyright (c) 2011 John Wiley & Sons, Ltd.