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Evaluating and developing resource-based operations strategy for competitive advantage: an exploratory study of Finnish high-tech manufacturing industries

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  • Yang Liu
  • Liting Liang

Abstract

Firms are struggling to achieve and maintain the competitive advantage in today’s turbulent business environment. How can we evaluate and (re)develop strategic initiatives that put into place operational capabilities to provide new sources of firm-level competitive advantage? This paper tries to explore the practical intersection of operations management and strategy from resource-based view by evaluating and developing the sustainability level of operational competitive advantage, that how well the resource-based strategy can support its operations. It develops a theoretical approach to integrate the core factors, which determine operational competitiveness performance – manufacturing strategy and its supporting resource allocation, into conceptual analytical models. The models utilise sense and respond (S&R) methodology for dynamic decision-making to detect and adjust resource allocation and in turn optimise the resource-based strategy in order to develop the operational competitive advantage in a sustainable manner. Eighteen case companies in Finnish high-tech manufacturing industries are selected for in-depth study and analysis with proposed models to conclude how the optimal adjustments of resource-based strategy by supporting its operations can lead to sustainable competitive advantage (SCA). Constantly optimising resource allocation aligning with resource-based operations strategy supported by the S&R idea of agile strategy implementations is proposed as the unique SCA.

Suggested Citation

  • Yang Liu & Liting Liang, 2015. "Evaluating and developing resource-based operations strategy for competitive advantage: an exploratory study of Finnish high-tech manufacturing industries," International Journal of Production Research, Taylor & Francis Journals, vol. 53(4), pages 1019-1037, February.
    • Handle: RePEc:taf:tprsxx:v:53:y:2015:i:4:p:1019-1037
    DOI: 10.1080/00207543.2014.932936
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    Cited by:

    1. Abiodun E. Alao & Adesoga D. Adefulu & Olalekan U. Asikhia & Olubisi G. Makinde, 2020. "Strategic Marketing and Competitive Advantage of Selected Petroleum Products Marketing Companies in Nigeria: The Moderating Role of Resource Capabilities," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 9(1), pages 12-23.
    2. Godinho Filho, Moacir & Marchesini, Antonio Gilberto & Riezebos, Jan & Vandaele, Nico & Ganga, Gilberto Miller Devós, 2017. "The application of Quick Response Manufacturing practices in Brazil, Europe, and the USA: An exploratory study," International Journal of Production Economics, Elsevier, vol. 193(C), pages 437-448.
    3. Annarelli, Alessandro & Nonino, Fabio, 2016. "Strategic and operational management of organizational resilience: Current state of research and future directions," Omega, Elsevier, vol. 62(C), pages 1-18.
    4. Dotun Adebanjo & Pei-Lee Teh & Pervaiz K Ahmed & Erhan Atay & Peter Ractham, 2020. "Competitive Priorities, Employee Management and Development and Sustainable Manufacturing Performance in Asian Organizations," Sustainability, MDPI, vol. 12(13), pages 1-22, July.
    5. Delin Zeng & Xiangfei Fu & Taohua Ouyang, 2018. "Implementing Green IT Transformation for Sustainability: A Case Study in China," Sustainability, MDPI, vol. 10(7), pages 1-16, June.
    6. Syed Manzur Quader & Mohammad Nayeem Abdullah, 2020. "How financial market in Bangladesh appraises efficiency?," Economic Change and Restructuring, Springer, vol. 53(3), pages 475-494, August.
    7. Tseng, Ming-Lang & Lim, Ming K. & Wu, Kuo-Jui, 2019. "Improving the benefits and costs on sustainable supply chain finance under uncertainty," International Journal of Production Economics, Elsevier, vol. 218(C), pages 308-321.
    8. Pérez Gilabert, Francisco Alejandro & Pena Acevedo, Jorge Luis, 2022. "The role played by supply chain strategies and supply chain integration in financial performance. An empirical study in Peru [El papel que juegan las estrategias y la integración de la cadena de su," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 33(1), pages 49-73, June.
    9. Shahab Sharfaei & Jeen Wei Ong & Adedapo O. Ojo, 2022. "The Impact of Industry Forces on International SME Performance in Iran: The Mediating Effect of Competitive Advantage," Administrative Sciences, MDPI, vol. 12(4), pages 1-16, October.
    10. Arana-Solares, Iván Andrés & Ortega-Jiménez, César H. & Alfalla-Luque, Rafaela & Pérez-Díez de los Ríos, José Luis, 2019. "Contextual factors intervening in the manufacturing strategy and technology management-performance relationship," International Journal of Production Economics, Elsevier, vol. 207(C), pages 81-95.
    11. Abiodun E. Alao & Adesoga D. Adefulu & Olalekan U. Asikhia & Olubisi G. Makinde, 2020. "Strategic Marketing and Competitive Advantage of Selected Petroleum Products Marketing Companies in Nigeria: The Moderating Role of Resource Capabilities," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 8(3), pages 108-119.
    12. Ayman Faisal Habtoosh & Mohi-Adden Y. Al-Qutop, 2021. "The Moderating Effect of Transformational Leadership on the Relationship between Organizational Culture and Organizational Effectiveness: An Empirical Study in Food Companies Listed at the Amman Stock," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(4), pages 157-157, July.

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