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Title

The effect of industry life cycle stage on the strategy-making: firm performance relationship

Author(s)

Verreynne, Martie-Louise;  Meyer, Denny

Abstract

This paper argues that individual small firms just like large firms, place differing emphasis on strategy-making and may employ different approaches to strategy-making. This paper offers an explanation of the nature of these processes in small firms and hypothesizes how they relate to performance. It further examines how these relationships differ depending on the industry life cycle stage. It then describes the results of an empirical study of the strategy-making processes of small firms. Analysis of the data (n=320) identifies four such processes in small firms, indicating that the participative and adaptive approaches to strategy-making may have a significant effect on firm performance, but that the importance and impact of these relationships will change when accounting for the effects of industry life cycle stage.

Publication type

Conference paper

Research centre

Swinburne University of Technology. Faculty of Life and Social Sciences

Source

Proceedings of the 20th Australian and New Zealand Academy of Management Conference (ANZAM): Management: Pragmatism, Philosophy, Priorities, Brisbane, Queensland, Australia, 04-06 December 2006

Publication year

2006

FOR Code(s)

0806 Information Systems

Keyword(s)

Firm performance;  Industry life cycle stage;  Strategy-making process

Publisher

Australian and New Zealand Academy of Management

ISBN

1921047348

Publisher URL

http://www.anzam.org/

Copyright

Copyright © 2006 Martie-Louise Verreynne and Denny Meyer. Published version of this paper reproduced with the kind permission of the publisher.

Full text

Peer reviewed