Achieving requisite variety in modeling firms' strategy heterogeneities: Explaining paradoxical firm-market performances
This study responds to the view that the crucial problem in strategic management (research) is firm heterogeneity-why firms adopt different strategies and structures, why heterogeneity persists, and why competitors perform differently. The present study applies complexity theory tenets and a "n...
| Main Authors: | , , , , , |
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| Format: | Journal Article |
| Published: |
Elsevier
2017
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| Online Access: | http://hdl.handle.net/20.500.11937/53875 |
| _version_ | 1848759249087234048 |
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| author | Nagy, G. Megehee, C. Woodside, Arch Laukkanen, T. Hirvonen, S. Reijonen, H. |
| author_facet | Nagy, G. Megehee, C. Woodside, Arch Laukkanen, T. Hirvonen, S. Reijonen, H. |
| author_sort | Nagy, G. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This study responds to the view that the crucial problem in strategic management (research) is firm heterogeneity-why firms adopt different strategies and structures, why heterogeneity persists, and why competitors perform differently. The present study applies complexity theory tenets and a "neo-configurational perspective" in proposing firms' complex antecedent conditions affecting firms' complex outcome conditions. The complex outcome conditions include firms with high financial performances in declining markets and firms with low financial performances in growing markets-the study focuses on seemingly paradoxical firm-market outcomes. Based on an analysis of firm strategies and outcomes for separate samples of cross sectional data of 1120 Finish and Hungarian manufacturing firms, this study bridges theory and practice in strategic management of complex firm-orientation configurations and complex firm-performance-capabilities. The study contributes by showing how executives can use "computing-with-words" (CWW) (Zadeh, 1966) for achieving requisite variety in explaining and predicting paradoxical firm performance outcomes. |
| first_indexed | 2025-11-14T09:56:53Z |
| format | Journal Article |
| id | curtin-20.500.11937-53875 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T09:56:53Z |
| publishDate | 2017 |
| publisher | Elsevier |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-538752017-10-09T01:31:01Z Achieving requisite variety in modeling firms' strategy heterogeneities: Explaining paradoxical firm-market performances Nagy, G. Megehee, C. Woodside, Arch Laukkanen, T. Hirvonen, S. Reijonen, H. This study responds to the view that the crucial problem in strategic management (research) is firm heterogeneity-why firms adopt different strategies and structures, why heterogeneity persists, and why competitors perform differently. The present study applies complexity theory tenets and a "neo-configurational perspective" in proposing firms' complex antecedent conditions affecting firms' complex outcome conditions. The complex outcome conditions include firms with high financial performances in declining markets and firms with low financial performances in growing markets-the study focuses on seemingly paradoxical firm-market outcomes. Based on an analysis of firm strategies and outcomes for separate samples of cross sectional data of 1120 Finish and Hungarian manufacturing firms, this study bridges theory and practice in strategic management of complex firm-orientation configurations and complex firm-performance-capabilities. The study contributes by showing how executives can use "computing-with-words" (CWW) (Zadeh, 1966) for achieving requisite variety in explaining and predicting paradoxical firm performance outcomes. 2017 Journal Article http://hdl.handle.net/20.500.11937/53875 10.1016/j.indmarman.2017.04.004 Elsevier restricted |
| spellingShingle | Nagy, G. Megehee, C. Woodside, Arch Laukkanen, T. Hirvonen, S. Reijonen, H. Achieving requisite variety in modeling firms' strategy heterogeneities: Explaining paradoxical firm-market performances |
| title | Achieving requisite variety in modeling firms' strategy heterogeneities: Explaining paradoxical firm-market performances |
| title_full | Achieving requisite variety in modeling firms' strategy heterogeneities: Explaining paradoxical firm-market performances |
| title_fullStr | Achieving requisite variety in modeling firms' strategy heterogeneities: Explaining paradoxical firm-market performances |
| title_full_unstemmed | Achieving requisite variety in modeling firms' strategy heterogeneities: Explaining paradoxical firm-market performances |
| title_short | Achieving requisite variety in modeling firms' strategy heterogeneities: Explaining paradoxical firm-market performances |
| title_sort | achieving requisite variety in modeling firms' strategy heterogeneities: explaining paradoxical firm-market performances |
| url | http://hdl.handle.net/20.500.11937/53875 |