Strategic Dynamism, Internal Capabilities and Firm Performance

Alessandro Arrighetti, Stefano Costa, Stefano De Santis and Fabio Landini

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: The drivers of firm success in hyper-competitive markets have received growing attention by economic and management scholars. While earlier works paid particular attention to the analysis of firm strategic positioning in markets, most recent approaches emphasized the importance of internal capabilities. This paper combines these two views in a unified approach through a new conceptual construct, strategic dynamism, that we consider as “antecedent” of performance and “descendant” of capabilities. By using a large and unique survey carried out by the Italian Institute of Statistics we document that a) strategic dynamism explains performance differentials among firms, as captured by labor productivity growth and b) internal capabilities, measured as organizational and personnel capabilities, are important drivers of strategic dynamism. Managerial and policy implications are discussed.

Keywords: strategy; capabilities; performance; organizational capability; personnel capability (search for similar items in EconPapers)
JEL-codes: D21 D22 J24 (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-bec, nep-cse, nep-eff, nep-ent, nep-eur, nep-lma and nep-sbm
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:289628

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