Technological capabilities and firm performance: The case of small manufacturing firms in Japan |
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| Authors: | Takehiko Isobe Shige Makino David B Montgomery |
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| Institution: | (1) Graduate School of Business Administration, Keio University, 2-1-1 Hiyoshi-honcho, Kohoku-ku, Yokohama 223-8523, Japan;(2) Department of Management, The Chinese University of Hong Kong, Shatin, N.T., Hong Kong;(3) Graduate School of Business, Stanford University, Stanford, CA 94305, USA;(4) Lee Kong Chan School of Business, Singapore Management University, 469 Bukit Timah Road, Business Building, #03-29, 259756 Singapore, Singapore |
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| Abstract: | The purpose of this study is to investigate the relationship between technological capabilities and firm performance. We divide
technological capabilities into two types—refinement capability, which involves the improvement of the existing asset portfolio, and reconfiguration capability, which involves the restructuring of the asset portfolio through the integration of new assets. The results of an analysis
of a sample of 302 small and medium-sized manufacturing firms in Japan suggest that refinement capability relates more positively
to operational efficiency than does reconfiguration capability, and that reconfiguration capability relates more positively
to strategic performance than does refinement capability. The results also suggest that firms with superior refinement capability
tend to possess superior reconfiguration capability. Our findings show that both external and internal factors, such as technological
volatility, inter-firm collaboration, and firm age and size, are significantly associated with the level of refinement and
reconfiguration capabilities possessed by a firm.
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| Keywords: | Technological capabilities Competitive advantage Resource-based view Dynamic capability |
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