IDEAS home Printed from https://ideas.repec.org/a/bla/jomstd/v57y2020i3p537-568.html
   My bibliography  Save this article

Transformational Strategies and Productivity Growth: A Transformational‐Activities Perspective on Stagnation in the New‐Normal Business Landscape

Author

Listed:
  • Joseph A. Clougherty
  • Tomaso Duso
  • Jo Seldeslachts
  • Lorenzo Ciari

Abstract

Declines in productivity growth substantially explain new‐normal business stagnation; yet in order to address situations of slack productivity growth, firms can choose from six generic transformational strategies: retirement, renewal, retrenchment, replication, redeployment, and recombination. While the extant literature focuses on specific transformational strategies that particular firms, or industries, take in responding to productivity threats, questions regarding which transformational strategies are commonly employed and commonly successful have been neglected. Answering these broader questions allows factoring how firms might respond to new‐normal conditions; and yields normative implications regarding the transformational strategies – and policies – that enhance productivity growth and reverse new‐normal stagnation. Using cross‐industry panel data, we identify the transformational strategies that are both commonly employed and commonly successful. Our empirical results indicate that firms react to productivity threats via a variety of strategic responses; yet, engaging in renewal and recombination uniquely address such threats.

Suggested Citation

  • Joseph A. Clougherty & Tomaso Duso & Jo Seldeslachts & Lorenzo Ciari, 2020. "Transformational Strategies and Productivity Growth: A Transformational‐Activities Perspective on Stagnation in the New‐Normal Business Landscape," Journal of Management Studies, Wiley Blackwell, vol. 57(3), pages 537-568, May.
    • Handle: RePEc:bla:jomstd:v:57:y:2020:i:3:p:537-568
    DOI: 10.1111/joms.12519
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/joms.12519
    Download Restriction: no
    File URL: https://libkey.io/10.1111/joms.12519?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hejazi, Walid & Tang, Jianmin & Wang, Weimin, 2023. "Absorptive capacity, learning and profiting from outward FDI: Evidence from Canadian firms," Journal of World Business, Elsevier, vol. 58(3).
    2. Jae-Yoon Kwon & Ji-Suk Lee & Tae-Seung Park, 2022. "Analysis of Strategies to Increase User Retention of Fitness Mobile Apps during and after the COVID-19 Pandemic," IJERPH, MDPI, vol. 19(17), pages 1-12, August.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jomstd:v:57:y:2020:i:3:p:537-568. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-2380 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.