Strategic Adjustment Capacity, Sustained Competitive Advantage, and Firm Performance: An Evolutionary Perspective on Bird Flocking and Firm Competition
Joint Authors
Chen, Shou
Wu, Shiyuan
Mao, Chao
Li, Boya
Source
Mathematical Problems in Engineering
Issue
Vol. 2017, Issue 2017 (31 Dec. 2017), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2017-06-19
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
Imitating the positioning rules in the bird flocking system, the strategic adjustment capacity is decomposed into three aspects, which are the organizational learning capacity from the top firms, the extent to which firms maintain or rely on the best operational capacity vector in history, and the ability to overcome the disadvantage while maintaining the advantage of the operational capacity vector from the previous years, respectively.
Financial vectors are constructed to represent the results of corporate strategic adjustment and listed firms in the China A stock are chosen as the samples.
As empirical analysis reveals, there is a positive correlation between the organizational learning capacity from the top firms and the firm performance and a U-shaped relation between the learning capability from the previous best operational capacity vector and the firm performance.
However, no significant correlation between the inertia control ability of the current operational capacity vector of the firms and their performance improvement can be observed.
This study verifies that the issue of corporate competitiveness and performance can be investigated by utilizing the principles of competition in nature.
Moreover, a firm can obtain a sustainable competitive advantage by improving its ability to learn from top firms in the industry.
American Psychological Association (APA)
Chen, Shou& Wu, Shiyuan& Mao, Chao& Li, Boya. 2017. Strategic Adjustment Capacity, Sustained Competitive Advantage, and Firm Performance: An Evolutionary Perspective on Bird Flocking and Firm Competition. Mathematical Problems in Engineering،Vol. 2017, no. 2017, pp.1-14.
https://search.emarefa.net/detail/BIM-1190273
Modern Language Association (MLA)
Chen, Shou…[et al.]. Strategic Adjustment Capacity, Sustained Competitive Advantage, and Firm Performance: An Evolutionary Perspective on Bird Flocking and Firm Competition. Mathematical Problems in Engineering No. 2017 (2017), pp.1-14.
https://search.emarefa.net/detail/BIM-1190273
American Medical Association (AMA)
Chen, Shou& Wu, Shiyuan& Mao, Chao& Li, Boya. Strategic Adjustment Capacity, Sustained Competitive Advantage, and Firm Performance: An Evolutionary Perspective on Bird Flocking and Firm Competition. Mathematical Problems in Engineering. 2017. Vol. 2017, no. 2017, pp.1-14.
https://search.emarefa.net/detail/BIM-1190273
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1190273