Business Strategy And Business Model: Extending The Strategy-Structure-Performance Paradigm

Topics:
Strategic Alliance
Tags:
Business Model,
Business Strategy,
Human Resources,
Management,
Performance,
Performance Management,
Strategy,
University Of Pennsylvania,
Workforce Management
Source:
University of Pennsylvania

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Overview: We extend the strategy-structure-performance paradigm to highlight the interdependencies among a firm's product market strategy, the structure of transactions it enables with external stakeholders (its business model), and its performance. By developing a formal model, we are able to examine theoretically the contingent effects of product market strategy and business model design on firm performance. Using a unique manually collected data set, we find that novelty-centered business model design, coupled with product market strategies that emphasize differentiation, cost leadership, or early market entry, enhances firm performance.

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Format: PDF | Size: 1,116KB | Date: Aug 2004 | Pages: 32

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