The causal relationship between strategy-making process capability and overall performance of firms : with focus on construction industry

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The causal relationship between strategy-making process capability and overall performance of firms : with focus on construction industry

 

Author: Chan, Dik-tai Dick
Title: The causal relationship between strategy-making process capability and overall performance of firms : with focus on construction industry
Degree: M.B.A.
Year: 2000
Subject: Construction industry -- China -- Hong Kong -- Management
Strategic planning -- China -- Hong Kong
Hong Kong Polytechnic University -- Dissertations
Department: Dept. of Management
Pages: v, 60 leaves ; 30 cm
Language: English
InnoPac Record: http://library.polyu.edu.hk/record=b1517811
URI: http://theses.lib.polyu.edu.hk/handle/200/4549
Abstract: The various concepts in defining ways to formulate strategy are in a broad sense and of non-unique styles. This paper employs Hart's (1992) integrative framework of strategy-making process to distinguish different types of strategy-making modes and the level of process capability. Further to the research done by Hart & Banbury (1994), higher capabilities was tested if they were linked to higher firm performance, particularly in a single industry. The chosen industry to study was construction sector and the hypothesis was checked if it was applicable under the environment in Hong Kong. Three contingency variables were identified as moderators in such relationship and were also tested to see if they were as influential as hypothesised. The results showed the trend of having higher firm performance when strategy-making capability was increased. The contingency variables may exert certain influence in the linkage but may not be in a particular pattern. In view of the strong process-performance linkage, the companies which want better firm performance were suggested to consider reviewing their ways that they make strategy and adding more strategy-making modes that not already present in the organisations.

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