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Strategic orientation of high-technology firms in a transitional economy

  • Lau, Chung-Ming
  • Yiu, Daphne W.
  • Yeung, Ping-Kwong
  • Lu, Yuan
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    Strategic orientation is a critical factor for a firm's competitiveness in a transitional economy context but it is understudied in the current literature. This article examines the antecedents of strategic orientation from both the socio-cognitive and resource-based view perspectives. The study posits that the strategic orientations of firms in a transitional economy context are influenced by the top managers' cognitions and organizational resources. Based on a national survey of high-technology firms in China, the study finds that a stronger market-focused strategic orientation was facilitated by managerial cognitions about the future of the industry and current operation and performance of the firm, as well as organizational resources including an R&D infrastructure, technological alliance, and top managers' foreign experience. The study confirms that strategic orientations should be examined from multiple theoretical perspectives.

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    Article provided by Elsevier in its journal Journal of Business Research.

    Volume (Year): 61 (2008)
    Issue (Month): 7 (July)
    Pages: 765-777

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    Handle: RePEc:eee:jbrese:v:61:y:2008:i:7:p:765-777
    Contact details of provider: Web page: http://www.elsevier.com/locate/jbusres

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