全球智库信息集成服务系统(G2TT): Business Strategy and the Management of Firms

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20846
来源ID	Working Paper 20846
	Business Strategy and the Management of Firms
	Mu-Jeung Yang; Lorenz Kueng; Bryan Hong
发表日期	2015-01-19
出版年	2015
语种	英语
摘要	Business strategy can be defined as a firm's plan to generate economic profits based on lower cost, better quality, or new products. The analysis of business strategy is thus at the intersection of market competition and a firm's efforts to secure persistently superior performance via investments in better management and organization. We empirically analyze the interaction of firms' business strategies and their managerial practices using a unique, detailed dataset on business strategy, internal firm organization, performance and innovation, which is representative of the entire Canadian economy. Our empirical results show that measures of business strategy are strongly correlated with firm performance, both in the cross-section and over time, and even after controlling for unobserved profit shocks exploiting intermediates utilization. Results are particularly striking for innovation, as firms with some priority in business strategies are significantly more likely to innovate than firms without any strategic priority. Furthermore, our analysis highlights that the relationship between strategy and management is driven by two key organizational trade-offs: employee initiative vs. coordination as well as exploration of novel business opportunities vs. exploitation of existing profit sources.
主题	Microeconomics ; Households and Firms ; Behavioral Economics ; Other ; Accounting, Marketing, and Personnel
URL	https://www.nber.org/papers/w20846
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/578521
推荐引用方式 GB/T 7714	Mu-Jeung Yang,Lorenz Kueng,Bryan Hong. Business Strategy and the Management of Firms. 2015.