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Trends in Performance Research in Relation to Business Strategy: Bibliometric Analysis and Text Mining

Author

Listed:
  • Iveta Musilová
  • Jiří Dvořák
  • Jaroslav Jánský
  • Vladimír Bolek

Abstract

This literature review aims to assess the evolution of performance monitoring articles in relation to the business strategy based on an overview of articles indexed in the WoS and Scopus databases. The initial dataset of articles was obtained based on carefully developed keywords. In the second phase, we restricted the selection to business and management journal articles and reviews written in English before 2019. The authors simultaneously reviewed the abstracts of all 571 articles in the third phase of the study. These were subsequently re-read and limited; thus, the final dataset for further analysis includes 157 articles published between 1983 and 2019. The most important result is that the field of business strategy and performance is not subject to trends. While in the field of business strategy the literature is still dominated by generic strategies according to Porter and the strategy typology according to Miles and Snow, in the field of performance measurement we identified the market position (sales volume, growth in sales volume, etc.) and profitability (profit margin, return on assets, etc.) as the dominant method. Implications for Central European audience: Despite a considerable amount of work focusing on bibliographic analysis, there remains a lack of literature on the link between strategy and performance. The paper brings potential value for the Central European audience by drawing attention to the systematisation of knowledge in the field of performance articles and its trends in relation to the field of business strategy. The overview of the theoretical frameworks contributes to a better orientation of the current state of the art and creates opportunities for future research.

Suggested Citation

  • Iveta Musilová & Jiří Dvořák & Jaroslav Jánský & Vladimír Bolek, 2023. "Trends in Performance Research in Relation to Business Strategy: Bibliometric Analysis and Text Mining," Central European Business Review, Prague University of Economics and Business, vol. 2023(3), pages 143-174.
  • Handle: RePEc:prg:jnlcbr:v:2023:y:2023:i:3:id:323:p:143-174
    DOI: 10.18267/j.cebr.323
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    References listed on IDEAS

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    1. Donthu, Naveen & Kumar, Satish & Mukherjee, Debmalya & Pandey, Nitesh & Lim, Weng Marc, 2021. "How to conduct a bibliometric analysis: An overview and guidelines," Journal of Business Research, Elsevier, vol. 133(C), pages 285-296.
    2. Bianca Baditoiu & Munteanu Valentin Partenie & Buglea Alexandru, 2021. "Integrated Reporting And Performance. A Bibliometric Analysis," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 344-352, July.
    3. H. Kent Baker & Satish Kumar & Nitesh Pandey, 2020. "A bibliometric analysis of European Financial Managementʼs first 25 years," European Financial Management, European Financial Management Association, vol. 26(5), pages 1224-1260, November.
    4. Henry Mintzberg, 1978. "Patterns in Strategy Formation," Management Science, INFORMS, vol. 24(9), pages 934-948, May.
    5. repec:eme:mfppss:mf-06-2019-0277 is not listed on IDEAS
    6. Ming-Huang Wang & Te-Chen Yu & Yuh-Shan Ho, 2010. "A bibliometric analysis of the performance of Water Research," Scientometrics, Springer;Akadémiai Kiadó, vol. 84(3), pages 813-820, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Literature review; bibliometric analysis; text mining; performance; business strategy;
    All these keywords.

    JEL classification:

    • L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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