Strategic schemas, strategic flexibility, and firm performance: The moderating role of industry clockspeed

• 成果类型: Review
• 署名作者: Nadkarni, Sucheta; Narayanani, V. K.
• 署名单位: University of Nebraska System; University of Nebraska Lincoln; Drexel University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.576
• 发表日期: 2007
• 页码: 243-270
• 关键词: strategic schemas; STRATEGIC FLEXIBILITY; industry clockspeed

摘要

We examine the moderating effect of industry clockspeed on the relationship between strategic schemas, strategic flexibility and firm performance. We employ two key properties of strategic schemas: complexity and focus. Using a sample of 225 firms from 14 industries, we show that the pattern of relationships among the theoretical constructs is diffirent infast- and slow-clockspeed industries. The results suggest that complexity of strategic schemas promotes strategic flexibility, and success in fast clockspeed industries, whereas focus of strategic schemas fosters strategic persistence, which is effective in slow-clockspeed industries. Copyright (c) 2007 John Wiley & Sons, Ltd.