標題: DOES FIRM PERFORMANCE REVEAL ITS OWN CAUSES? THE ROLE OF BAYESIAN INFERENCE
作者: Tang, Ying-Chan
Liou, Fen-May
經營管理研究所
Institute of Business and Management
關鍵字: sustainable competitive advantage;Bayesian epistemology;du Pont identity
公開日期: 1-一月-2010
摘要: A central problem in strategic management is how the inference 'sustainable competitive advantage generates sustainable superior performance' can be put into practice. In this article we develop a theoretical framework, to understand the causal relationships among (1) sustainable competitive advantage, (2) configuration, (3) dynamic capability, and (4) sustainable superior performance. We propose that a firm's competitive advantage, resource bundle configuration, and dynamic learning capability cannot be comprehended by outsiders. Its operational performance, however, can be captured by financial indicators. We promote an inductive Bayesian interpretation of the sustainable competitive advantage proposition. From this viewpoint, the presence or absence of competitive advantage may be reflected in the causal relationship between resource configuration, dynamic capability, and observable financial performance. We apply this theoretical framework to an example drawn from the global semiconductor industry, all area in which resource configuration and dynamic capability are essential to performance. The paper concludes with a summary of the proposed model and suggestions for future theoretical development of strategic management. Copyright (C) 2009 John Wiley & Sons, Ltd.
URI: http://dx.doi.org/10.1002/smj.799
http://hdl.handle.net/11536/14153
ISSN: 0143-2095
DOI: 10.1002/smj.799
期刊: STRATEGIC MANAGEMENT JOURNAL
Volume: 31
Issue: 1
起始頁: 39
結束頁: 57
顯示於類別:期刊論文


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  1. 000272534300003.pdf