Strategic consensus and performance: the role of strategy type and market-related dynamism
Article Abstract:
A study examined the concept of strategic consensus with the aim of investigating the impact of the type of strategy and dynamism in the environment on the relationship between consensus and performance. Data were collected from small business units in the US and Germany. Strategic consensus is defined in this analysis as the extent of agreement among top managers regrading the focus on a specific type of strategy. Findings revealed that the importance of consensus for business performance relies on the type of strategy, with consensus found to be a success factor in differentiation strategy but not in low-cost strategy. The results also demonstrated moderator effects on the consensus-performance relationship, with the consensus-performance relation found to be stronger in low market-related dynamism.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1999
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The choice among acquisitions, alliances, and divestitures
Article Abstract:
The study investigates the choice of some firms among acquisitions, alliances, and divestitures when expanding or contracting their boundaries. Findings suggests these theories to be highly related and complimentary, showing less consistent support for theories based on agency costs and asset indivisibilities where the role of firm attributes partly explain their pre-specification to pursue acquisitions, alliances, or divestitures as part of their corporate strategies.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2005
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