IDEAS home Printed from https://ideas.repec.org/a/ibn/jmsjnl/v7y2017i3p12-21.html
   My bibliography  Save this article

Strategic Actions to Environmental Changes: Act Ahead or React Upon?

Author

Listed:
  • Jai Joon Lee
  • Seung B. Bach

Abstract

This study investigates how firms proactively or reactively launch (Venkatraman & Prescott, 1990) their strategic actions in response to environmental changes, particularly to deregulatory and technological changes. Strategic initiatives including mergers and acquisitions to deal with firms¡¯ uncertain competitive environments have been regarded as key strategic actions. This study analyzes the nature of firms¡¯ willingness to take strategic actions in response to the key environmental changes in the telecom service industry. The natures of environmental changes, broadly defined as deregulatory and technological changes in this research¡¯s domain, trigger firms to take on strategic actions both proactively and reactively.

Suggested Citation

  • Jai Joon Lee & Seung B. Bach, 2017. "Strategic Actions to Environmental Changes: Act Ahead or React Upon?," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 7(3), pages 12-21, September.
    • Handle: RePEc:ibn:jmsjnl:v:7:y:2017:i:3:p:12-21
    as

    Download full text from publisher

    File URL: http://www.ccsenet.org/journal/index.php/jms/article/view/68276/38021
    Download Restriction: no
    File URL: http://www.ccsenet.org/journal/index.php/jms/article/view/68276
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Daniel A. Levinthal & James G. March, 1993. "The myopia of learning," Strategic Management Journal, Wiley Blackwell, vol. 14(S2), pages 95-112, December.
    2. Rebecca Henderson, 1993. "Underinvestment and Incompetence as Responses to Radical Innovation: Evidence from the Photolithographic Alignment Equipment Industry," RAND Journal of Economics, The RAND Corporation, vol. 24(2), pages 248-270, Summer.
    3. Hun Lee & Ken G. Smith & Curtis M. Grimm & August Schomburg, 2000. "Timing, order and durability of new product advantages with imitation," Strategic Management Journal, Wiley Blackwell, vol. 21(1), pages 23-30, January.
    4. David Webb & Andrew Pettigrew, 1999. "The Temporal Development of Strategy: Patterns in the U.K. Insurance Industry," Organization Science, INFORMS, vol. 10(5), pages 601-621, October.
    5. MB Sarkar & S Tamer Cavusgil & Preet S Aulakh, 1999. "International Expansion of Telecommunication Carriers: The Influence of Market Structure, Network Characteristics, and Entry Imperfections," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 30(2), pages 361-381, June.
    6. Birger Wernerfelt & Aneel Karnani, 1987. "Competitive strategy under uncertainty," Strategic Management Journal, Wiley Blackwell, vol. 8(2), pages 187-194, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Khaled Saleh Al-Omoush, 2022. "Understanding the Impact of Intellectual Capital on E-Business Entrepreneurial Orientation and Competitive Agility: An Empirical Study," Information Systems Frontiers, Springer, vol. 24(2), pages 549-562, April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jatinder S. Sidhu & Harry R. Commandeur & Henk W. Volberda, 2007. "The Multifaceted Nature of Exploration and Exploitation: Value of Supply, Demand, and Spatial Search for Innovation," Organization Science, INFORMS, vol. 18(1), pages 20-38, February.
    2. Srivastava, Abhishek & Lee, Hun, 2005. "Predicting order and timing of new product moves: the role of top management in corporate entrepreneurship," Journal of Business Venturing, Elsevier, vol. 20(4), pages 459-481, July.
    3. Caloghirou, Yannis & Giotopoulos, Ioannis & Kontolaimou, Alexandra & Korra, Efthymia & Tsakanikas, Aggelos, 2021. "Industry-university knowledge flows and product innovation: How do knowledge stocks and crisis matter?," Research Policy, Elsevier, vol. 50(3).
    4. Wagner, Marcus, 2011. "To explore or to exploit? An empirical investigation of acquisitions by large incumbents," Research Policy, Elsevier, vol. 40(9), pages 1217-1225.
    5. Christian Engau & Volker Hoffmann, 2011. "Corporate response strategies to regulatory uncertainty: evidence from uncertainty about post-Kyoto regulation," Policy Sciences, Springer;Society of Policy Sciences, vol. 44(1), pages 53-80, March.
    6. Marie-Laure Salles-Djelic & Antti Ainamo, 1999. "The Coevolution of New Organizational Forms in the Fashion Industry: A Historical and Comparative Study of France, Italy, and the United States," Post-Print hal-01892019, HAL.
    7. Andrea Fosfuri & Thomas Rønde, 2005. "Leveraging Resistance to Change and the Skunk Works Model of Innovation," CIE Discussion Papers 2007-10, University of Copenhagen. Department of Economics. Centre for Industrial Economics, revised Jun 2007.
    8. Winkelbach, Andreas & Walter, Achim, 2015. "The More Learning, the Better? The Curvilinear Relationship between Technological Learning and New Product Commercialization," EconStor Preprints 107018, ZBW - Leibniz Information Centre for Economics.
    9. He, Eric & Jacob, Martin & Vashishtha, Rahul & Venkatachalam, Mohan, 2022. "Does differential taxation of short-term relative to long-term capital gains affect long-term investment?," Journal of Accounting and Economics, Elsevier, vol. 74(1).
    10. Andrea Fosfuri & Thomas Rønde, 2009. "Leveraging Resistance to Change and the Skunk Works Model of Innovation," Post-Print hal-00699208, HAL.
    11. William P. Barnett & John Freeman, 2001. "Too Much of a Good Thing? Product Proliferation and Organizational Failure," Organization Science, INFORMS, vol. 12(5), pages 539-558, October.
    12. Marcus Wagner, 2007. "Determinants of the Acquisition of Smaller Firms by Larger Incumbents in High-Tech Industries: Are they related to Innovation and Technology Sourcing?," SFB 649 Discussion Papers SFB649DP2007-063, Sonderforschungsbereich 649, Humboldt University, Berlin, Germany.
    13. Claudio Giachetti & Ettore Spadafora, 2017. "Conformity or Nonconformity in Multinationality? Performance Implications for the Italian Ceramic Tile Manufacturers," Management International Review, Springer, vol. 57(5), pages 683-715, October.
    14. Bhussar, Manjot S. & Sexton, Jennifer C. & Zorn, Michelle L. & Song, Yue, 2022. "High-tech acquisitions: How acquisition pace, venture maturity, and founder retention influence firm innovation," Journal of Business Research, Elsevier, vol. 142(C), pages 620-635.
    15. Lampert, Curba Morris & Kim, Minyoung, 2019. "Going far to go further: Offshoring, exploration, and R&D performance," Journal of Business Research, Elsevier, vol. 103(C), pages 376-386.
    16. Eric T. Micheels & Andreas Boecker, 2017. "Competitive strategies among Ontario farms marketing direct to consumers," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 5(1), pages 1-23, December.
    17. Mary J. Benner, 2010. "Securities Analysts and Incumbent Response to Radical Technological Change: Evidence from Digital Photography and Internet Telephony," Organization Science, INFORMS, vol. 21(1), pages 42-62, February.
    18. Fosfuri, Andrea & Rønde, Thomas, 2009. "Leveraging resistance to change and the skunk works model of innovation," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 274-289, October.
    19. Stephan Hess & Roland Siegwart, 2013. "R&D Venture: proposition of a technology transfer concept for breakthrough technologies with R&D cooperation: A case study in the energy sector," The Journal of Technology Transfer, Springer, vol. 38(2), pages 153-179, April.
    20. Wim Vanhaverbeke & Victor Gilsing & Bonnie Beerkens & Geert Duysters, 2009. "The Role of Alliance Network Redundancy in the Creation of Core and Non‐core Technologies," Journal of Management Studies, Wiley Blackwell, vol. 46(2), pages 215-244, March.

    More about this item

    Keywords

    strategic actions; environmental changes; proactive actions; reactive actions;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:jmsjnl:v:7:y:2017:i:3:p:12-21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.