Strategic orientation of high-technology firms in a transitional economy |
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Authors: | Chung-Ming Lau Daphne W. Yiu Ping-Kwong Yeung Yuan Lu |
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Affiliation: | a Department of Management, The Chinese University of Hong Kong, Shatin, NT, Hong Kong b School of Business and Administration, The Open University of Hong Kong, Homantin, Kowloon, Hong Kong |
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Abstract: | 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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Keywords: | Strategic orientation High-technology firms Transitional economy, China |
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