2007
DOI: 10.1002/jsc.782
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Sustained superior performance in changing environments: towards a synthesis and a research agenda

Abstract: ᭹ Understanding how superior financial performance of firms could be sustained is of great importance to both practitioners and scholars given the increasing levels of environmental change. ᭹ Our review of the diverse theoretical perspectives on sustained superior performance suggests that greater appreciation of the assumptions about environmental change and market imperfections may provide opportunities for a synthesis. ᭹ We find empirical research to lag behind theoretical developments. To test the theoreti… Show more

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Cited by 4 publications
(5 citation statements)
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References 43 publications
(36 reference statements)
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“…The neoclassical perspective defies the existence of sustainable CA and affirms that under the condition of perfect market conditions, the competitive subtleties of supply and demand abolish the possibility of any kind of CA (Baaij, Reinmoeller, & Niepce, 2007). The structural school of thought wholeheartedly recognizes the presence of sustainable CA.…”
Section: Conceptualizing Team Resiliencementioning
confidence: 99%
“…The neoclassical perspective defies the existence of sustainable CA and affirms that under the condition of perfect market conditions, the competitive subtleties of supply and demand abolish the possibility of any kind of CA (Baaij, Reinmoeller, & Niepce, 2007). The structural school of thought wholeheartedly recognizes the presence of sustainable CA.…”
Section: Conceptualizing Team Resiliencementioning
confidence: 99%
“…Th e issue of building an eff ective response mechanism toward systemic upheavals has been of particular interest to scholars (Baaij et al, 2007). Th e literature on the sustainability of fi rms in high-velocity environments is diverse (see Table 1).…”
Section: Literature Reviewmentioning
confidence: 99%
“…According to that, the neoclassical school of thought affirms that sustainable competitive advantage is impossible due to the fact that under perfect market conditions, the competitive dynamics of supply and demand gradually yet steadily eliminate any possible type of competitive advantage or advanced performance and hence, above-normal profits (Baaij et al, 2007).…”
Section: Sustainability Of Firm's Competitive Advantagementioning
confidence: 99%