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Technology-driven strategy and firm performance: Are strategic capabilities missing links?

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  • Hao, Shengbin
  • Song, Michael

Abstract

This empirical study of 146 U.S. new ventures examines how strategic capabilities mediate the effect of technology-driven strategy on firm performance. The results reveal that technology-driven strategy is positively related to technology capabilities and information technology capabilities, but negatively related to marketing capabilities and market-linking capabilities. Furthermore, all types of strategic capabilities are positively related to firm performance. The findings provide evidence that strategic capabilities play a mediating role between technology-driven strategy and firm performance and show that, like market-driven strategy, technology-driven strategy is also an important and successful founding strategy because it can exert great impact on firm performance through strategic capabilities.

Suggested Citation

  • Hao, Shengbin & Song, Michael, 2016. "Technology-driven strategy and firm performance: Are strategic capabilities missing links?," Journal of Business Research, Elsevier, vol. 69(2), pages 751-759.
    • Handle: RePEc:eee:jbrese:v:69:y:2016:i:2:p:751-759
    DOI: 10.1016/j.jbusres.2015.07.043
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