Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Strategic agility and the effects of firm age and environmental turbulence

Strategic agility and the effects of firm age and environmental turbulence The purpose of this empirical paper is to operationalize the Doz and Kosonen (2010) model of strategic agility, consisting of three dimensions and 15 subfactors and to test its relationship with firm performance under multiple contingencies.Design/methodology/approachA CEO-level survey is conducted to collect a sample of 73 firms from three industries in the US state of Florida. Factor analysis and convergence with similar criterion are used to validate the strategic agility construct. Multiple regression is used to test hypothesized relationships.FindingsThe findings support construct validity of Doz and Kosonen's model. Moreover, firm age and environmental turbulence are found to be important contingency factors. Environmental turbulence is found to moderate the relationship between firm age and strategic agility. Firm age and environmental turbulence are found to jointly moderate the relationship between strategic agility and firm performance.Research limitations/implicationsIt is evident that firms may benefit from strategic agility depending on their age and environment. The results encourage future longitudinal research addressing causality.Originality/valueThe paper contributes to research by validating a more comprehensive model of strategic agility and identifying contingency factors that help to explain prior mixed results on the relationship between strategic agility and performance. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Strategy and Management Emerald Publishing

Strategic agility and the effects of firm age and environmental turbulence

Journal of Strategy and Management , Volume 14 (2): 21 – May 3, 2021

Loading next page...
 
/lp/emerald-publishing/strategic-agility-and-the-effects-of-firm-age-and-environmental-duNg0HsqjI

References (74)

Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1755-425X
DOI
10.1108/jsma-07-2020-0178
Publisher site
See Article on Publisher Site

Abstract

The purpose of this empirical paper is to operationalize the Doz and Kosonen (2010) model of strategic agility, consisting of three dimensions and 15 subfactors and to test its relationship with firm performance under multiple contingencies.Design/methodology/approachA CEO-level survey is conducted to collect a sample of 73 firms from three industries in the US state of Florida. Factor analysis and convergence with similar criterion are used to validate the strategic agility construct. Multiple regression is used to test hypothesized relationships.FindingsThe findings support construct validity of Doz and Kosonen's model. Moreover, firm age and environmental turbulence are found to be important contingency factors. Environmental turbulence is found to moderate the relationship between firm age and strategic agility. Firm age and environmental turbulence are found to jointly moderate the relationship between strategic agility and firm performance.Research limitations/implicationsIt is evident that firms may benefit from strategic agility depending on their age and environment. The results encourage future longitudinal research addressing causality.Originality/valueThe paper contributes to research by validating a more comprehensive model of strategic agility and identifying contingency factors that help to explain prior mixed results on the relationship between strategic agility and performance.

Journal

Journal of Strategy and ManagementEmerald Publishing

Published: May 3, 2021

Keywords: Firm performance; Firm size; Strategic agility; Environmental turbulence; Firm age

There are no references for this article.