Strategic thinking, strategic planning, strategic innovation and the performance of SMEs: The mediating role of human capital

AlQershi, Nagwan

doi:10.5267/j.msl.2020.9.042

Cited by 51 publications

(43 citation statements)

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“…Cooper (1984) also stated in his study that there is a relationship between corporate strategy and innovation performance and that well-defined corporate strategies and planning related to new technology are positively associated with the rate of innovation (Rothwell, 1992;Swan and Newell, 1995;Lau et al, 2010). In addition, there are studies (Ojha et al, 2020;AlQershi, 2021) which show that strategic planning capability has an impact on business performance. Accordingly, the following hypothesis is proposed: H 9 : Strategic planning capability has a positive effect on marketing performance.…”

Section: Strategic Planning Capability and Performance Relationshipmentioning

confidence: 99%

The effect of technological innovation capabilities on companies' innovation and marketing performance: A field study on Technopark companies in Turkey

Bil¹,

Özdemir²

2021

JLECON

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Purpose - The purpose of this study is to evaluate the effects of the technological innovation capabilities of companies carrying out R&D and innovation activities on product performance and marketing performance. Methodology - The main population of this study comprises a total of 4916 companies that carry out their activities within the body of 56 Technoparks in Turkey on April 2018. IBM SPSS 23 and IBM AMOS 23 package programs were used in the analysis. In the study, explanatory factor analysis, confirmatory factor analysis, and Structural Equation Modeling (SEM) analysis were performed to test the relationships in the proposed research model, respectively. Findings - As a result of the Structural Equation Modeling analysis, it was found that R&D capability has significant and positive effects on product performance and marketing performance over product performance; and the learning capability, marketing capability, and finally product performance directly on marketing performance. Originality/value - The main contribution of this study to the literature is that it not only explains the effects of some types of innovation on business performance but also deals with the relationship between innovation capabilities and business performance of companies in a more specific approach and reveals the effects of technological innovation capabilities on both product and marketing performance.

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Section: Strategic Planning Capability and Performance Relationshipmentioning

confidence: 99%

The effect of technological innovation capabilities on companies' innovation and marketing performance: A field study on Technopark companies in Turkey

Bil¹,

Özdemir²

2021

JLECON

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“…(6) Appropriate use of external knowledge-based networks, and (7) individual behavior as an inescapable variable in shaping the organization's total innovation capabilities. According to several research, an organization's innovativeness is a significant component in determining its performance [68,69]. Thus, organizational performance may be improved by technological and administrative innovation, as well as other components [70].…”

Section: Big Data Analytics Innovation Capabilitymentioning

confidence: 99%

The Value of Big Data Analytics Pillars in Telecommunication Industry

et al. 2021

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In the Big Data age, businesses in every industry must deal with vast volumes of data. Several experts and practitioners have lately emphasized the need of understanding how, why, and when Big Data Analytics (BDA) applications may be a valuable resource for businesses seeking a competitive edge. However, BDA pays off for some firms while failing to pay off for others due to the fact that investment in Big Data continues to present significant challenges due to the missing link between analytics capabilities and firm performance. According to a recent survey, many businesses spend the bulk of their time analyzing data, with only a tiny fraction employing Big Data Analytics to forecast outcomes and even fewer utilizing analytics apps to enhance processes and strategies. As a result, BDA is not widely used, and only a few companies have seen any benefit from it. To address this issue in the telecommunications domain and in light of the paucity of research on the subject, this study focused on the BDA Pillars (BDAP) in order to achieve benefits through increased revenues and cost savings. For the purpose of this research we have adopted qualitative approach with case study method, and technique of data collection includes semi-structure interview and document analysis. The Delphi technique and in-depth interviews conducted confirmed the existence of five critical elements that contribute to the sustainability of BDAPs and their impact on firm performance.

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“…Strategists/TMTs should possess the unique skill and abilities to connect the past and the present events so that they can predict the behavior of future events (AlQershi, 2019). There has not been a significant change in the definition of strategic thinking and its importance right from the first time (Hambrick, 1982;Miller and Toulouse, 1986;McCrae and Costa, 1987) has been defined and explained in the most recent studies (Alataliat et al, 2019;AlQershi, 2020;Srivastava and D'Souza, 2019;Ershadi and Dehdazzi, 2019), which also underline the importance of the strategic thinking and its positive impacts on the organizations and their performances. After thoroughly scanning through the past and the present literature on strategic thinking, a total of ten psychological traits have been considered for the study, which helps in understanding the thinking process of the TMTs.…”

Section: Literature Review 21 Theoretical Backgroundmentioning

confidence: 99%

Dynamic modeling of strategic thinking for top management teams and its impact on firm performance: a system dynamics approach

Shaik

Dhir

2021

JMD

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PurposeThe purpose of this study is to model the strategic thinking process, considering the different psychological traits of TMTs (top management teams) and how the technological dynamism affects the strategies framed together impacting the performance of the firm.Design/methodology/approachModeling and simulation are done in this study using the system dynamics (SD) tool. The data are extracted using social media analytics, and the same is given as an input for the SDmodel, which is used for modeling and simulation of the interdependencies between the psychological factors, technological dynamism and firm performance. The analysis decodes how a change in the thinking process of a TMT has an impact on the performance of the company in an automobile market.FindingsThe study has explained how different psychological traits affect the thinking process of a TMT and how the strategies framed with this thinking behavior have an impact on firm performance.Research limitations/implicationsThe study is limited only to the automobile industry in India, and only partial psychological constructs were considered to examine their impact on firm performance. This study can be further extended by analyzing the same to various other industries along with many other psychological constructs.Practical implicationsThe findings identify the change in behavior of the performance due to the thinking process and technological dynamism. This helps the top management to take into consideration different factors that affect the strategies framed for the company and what are the threshold points in the system that are to be focused on during the framing of a strategy.Originality/valueThe study fills the unattended gaps in the literature regarding how the psychological traits are interdependent and how their relationship is affecting the thinking process, which is going to have an impact on the behavior of the firm performance. It also adds to the literature of systems thinking.

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Strategic thinking, strategic planning, strategic innovation and the performance of SMEs: The mediating role of human capital

Cited by 51 publications

References 1 publication

The effect of technological innovation capabilities on companies' innovation and marketing performance: A field study on Technopark companies in Turkey

The effect of technological innovation capabilities on companies' innovation and marketing performance: A field study on Technopark companies in Turkey

The Value of Big Data Analytics Pillars in Telecommunication Industry

Dynamic modeling of strategic thinking for top management teams and its impact on firm performance: a system dynamics approach

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