This study explores the changes in human resource management, which take place after a public company's privatisation and proposes a theoretical model of global analysis that covers relevant factors in the different performance areas of management (culture, management style, employee involvement and influence, remuneration, training and development, recruitment and selection, and job security/lay-offs). To confirm the theoretical propositions posed, contemporary multiple case studies are used as a research methodology, with a scientific analytical induction approach through the replication logic (analytical generalisation) and a partially deductive approach.
Competitive tactics play a key role in explaining different levels of organizational performance since they are the linkers between strategy formulation and implementation. This study focuses on two main competitive tactics, namely, Quality-Oriented Competitive Tactic (Quality) and Cost-Oriented Competitive Tactic (Cost), which are the ones that are closely related to Porter's generic competitive strategies. Apart from that, we will analyze two other important competitive tactics, namely, Innovation-Oriented Competitive Tactic (Innovation) and Marketing-Oriented Competitive Tactic (Marketing) which will mediate the relationship between the main tactics and performance. Hence, we try to adopt an integrative posture by viewing competitive tactics in the pharmaceutical industry as inextricably linked, forming the fundamental pillars on which sustainable competitive advantage could be established.
Our study examines the effect of business‐level strategy on performance. Past literature examining the aforementioned effect in the pharmaceutical industry is scarce. Furthermore, there is a lack of studies that analyze how competitive strategy is contingent on firm entry timing. Hence, to explore our understanding in this area, the present study was conducted in the German pharmaceutical industry. Two hundred valid responses were collected from CEOs. The data were analyzed using SPSS and partial least square (PLS) techniques. The findings indicate a surprising result that, while the differentiation strategy is significantly related to pharmaceutical companies' performance, cost leadership strategy is not.
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