Market Position, Resource Profile, and Governance : Linking Porter and Williamson in The Context of International Courier and Small Package Service in Japan  

Oleh:

Nickerson, Jack A. ; Hamilton, Barton H. ; Wada, Tetsuo

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 22 no. 3 (2001), page 251-274.
Topik: market; asset specificity; information technology; positioning; strategy; transportation

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Two economic theories that have had an immense impact on modern strategic management research are porter's strategic positioning framework (SPF) and williamson's transaction cost economics (TCE). While both theories have contributed to our understanding of strategic management and to the choice of strategy and structure, each theory offers managerial prescriptions that are incomplete at best. We contend that if followed in isolation, each theory can lead to inferior performance. This paper, which studies the international courier and small package (IC & SP) services in japan, improves upon prescriptions from both theories by linking porter's and williamson's approaches. Our main proposition is contained in three relationships that predict a fit among three strategic choices : market proposition, resource profile, and organizational structure. We test our predictions with a three - stage, reduced -form, endogenous self - selection model. While our empirical methodolgy is complicated and relies on a multilevel analysis, the methodology is necessary both for analyzing a constellation of activities in the vertical chain and for assesing strategy, structure and performance when data can be drawn from only a limited number of firms. Our results suggest that a firm's market position, resource profile and organizational choice are related in ways predicted by a positioning - economizing perspective. To be sure, our study is ambitious and suffers from a number of limitations, nevertheless, it provides one of the first attempts to theoretically and empirically link porter's SPF and williamson's TCE.

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