Team and organizational resources, strategic orientations, and firm performance in a transitional economy

Firms in transitional economies are learning to develop strategies to exploit new market opportunities though bounded by their lack of market experience and resources as well as institutional and cultural heritage. This paper examines the managerial orientations of top managers in the transitional e...

Full description

Saved in:
Bibliographic Details
Published in:Journal of business research 2011-12, Vol.64 (12), p.1344-1351
Main Author: Lau, Chung-Ming
Format: Article
Language:English
Subjects:
Core competencies
Cultural heritage
Institutions
Managerial cognition
Slack resources
Social network
Social networks
Strategic management
Strategic orientation
Studies
Transition economies
Transitional economy
Upper management
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Firms in transitional economies are learning to develop strategies to exploit new market opportunities though bounded by their lack of market experience and resources as well as institutional and cultural heritage. This paper examines the managerial orientations of top managers in the transitional economy of China by focusing on a firm's team and organizational resources. Specifically, the following antecedents motivate a firm to put more emphases on strategic orientations: the firm has an effective top management team, strong managerial competences, and when the firm has ample endowment of slack resources, social network, and support from the institutional environment. Empirical results support that team orientation, managerial competence, social network, and local institutional support are instrumental in developing market-focused strategic orientations. In addition, strategic orientations with heavy emphases on overall low costs and product innovation relate to higher firm performance.
ISSN:0148-2963
1873-7978
DOI:10.1016/j.jbusres.2011.01.001