Modeling The Dynamics of Strategic Fit : A Normative Approach to Strategic Change  

Oleh:

Kraatz, Matthew S. ; Zajac, Edward J. ; Bresser, Rudi K. F.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 21 no. 4 (2000), page 429-454.
Topik: STRATEGIC; strategic fit; strategic change; contingency theory; resources; performance

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

This study develops and tests a dynamic perspective on strategic fit. Drawing from contingency and resource - based arguments in the strategy and organizational theory lieratures, we propose a distinctive analytical approach to identify environmental and irganizational contingencies that should predict changes in a firm's strategy and the performance implications of such changes. We test our model using extensive longitudinal data from over 40000 U. S. savings and loan institutions during a period when many S & Ls considered changing strategic direction. The findings support our model of dynamic strategic fit. Specifically, we find that : 1. the timing, direction and magnitude of strategic changes can be logically predicted based on diffrences in specific environmental forces and organizational resources, and 2. organizations that deviated from our model's prediction of dynamic strategic fit (i. e. changed more or changed less than our model prescribed) experienced negative performance consequences. We conclude by discussing the implications of our approach and findings for future research on strategic fit and strategic change.

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