Strategic Orientations and Business Performance: Evidence from Republic of Yemen
Authors:
Jaynal Uddin Ahmed,
Abdullah Haider T. S.,
Format: Paperback | Genre : Business & Economics | Other Book Detail
Format: Paperback | Genre : Business & Economics | Other Book Detail
Business organizations in both service and industrial sector are facing several
challenges such as the lack of economies of scale, severe resource constraints,
limited geographic market presence, limited market image, scarcity of
professional managers, decision-making under imperfect information
conditions, little specialized management expertise and a mixture of business
and personal goals. Thus, in order to face these challenges, firms need to
develop strategic capabilities that ensure proactive identifying and exploiting
opportunities for acquiring and retaining profitable customers through
developing their innovative approaches to risk management, resource
leveraging, and value creation. A firm's strategic orientations are strategic
capabilities that can collectively enhance performance advantage. In other
words, firms that are able to align different strategic orientations over their
competitors achieve sustainable competitive advantages, enhancing
performance and growth. Entrepreneurial, market, learning, and networking
orientations are interrelated constructs with mutually dependent influence
on a firm's growth and performance. The present book is reinstated around
the fundamental issue to orient themselves in order to achieve and sustain
superior performance on the basis of strategic orientations of manufacturing
firms in Yemen and assessed the effects of these orientations on business
performance.
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