Pure Versus Hybrid: Performance Implications of Porter's Generic Strategies

Kumar, Kundan; Subramanian, Ram; Yauger, Charles

doi:10.1097/00004010-199710000-00008

Cited by 43 publications

(49 citation statements)

References 43 publications

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“…The findings of this study concur with the findings of Thomas and William (2004), Kumar et al (1997), Power and Hahn (2004) and Dess and Devis (1984). Pure cost leadership strategy may be most effective when customers are sensitive to price and when strategic team members are more or less homogenous in composition.…”

Section: Effects Of Strategy On Performancesupporting

confidence: 92%

“…Among these strategic types, banks that follow a cost leadership strategy were found to perform better than banks that used the other generic strategies including stuck-in-the-middle strategy. Their findings are supported by Kumar et al (1997) that a cost leadership strategy is the best route to superior performance in a hospital.…”

Section: Effects Of Tmt Demographic Characteristics On Business Stratmentioning

confidence: 80%

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Top Management Team Demographic Diversities, Generic Strategy and Firm Performance in Marketing Social Research Association (MSRA) in Kenya

Yohannes¹,

Ayako²

2016

AFA

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This study investigated the relationship between Top Management Team (TMT) demographic diversities and firm performance using generic strategies as intervening variable in the Marketing and Social Research Association (MSRA) firms in Kenya. First, the relationship between TMT characteristics diversities and generic strategy was analyzed. Second, the link between generic strategy and firm performance was estimated. Mixed methods research design was used to critically investigate the relationship between the latent exogenous and endogenous variables of this study. The mixed research design used in this study was triangulation design, which was mainly transformation design model. The data were analyzed using structural equation modeling analysis, using IBM SPSS AMOS version 21. The study found out that the homogenous demographic diversities among the top management team members had statistically significant effect on cost leadership strategy (p = 0.012). Besides, cost leadership strategy showed a statistically significant positive relationship on firm performance (p = 0.005). The findings of this study implied that organizations need to know and develop the best composition of top management team based on their demographic diversities in relation to the environment. Besides, the organizations need to empower the TMT members using monetary and nonmonetary incentives to further improve performance. Last but not least, the compositions of TMT in marketing research firms need to embrace gender diversity.

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Section: Effects Of Strategy On Performancesupporting

confidence: 92%

Section: Effects Of Tmt Demographic Characteristics On Business Stratmentioning

confidence: 80%

Top Management Team Demographic Diversities, Generic Strategy and Firm Performance in Marketing Social Research Association (MSRA) in Kenya

Yohannes¹,

Ayako²

2016

AFA

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“…Accordingly, hospitals' strategic choices http://dx.doi.org/10.1016/j.healthpol.2014.06.006 0168-8510/© 2014 Elsevier Ireland Ltd. All rights reserved. may differ from the strategic choices of firms in other industries [6,8]. Depending on the structure of the industry's environment and the resources available to firms, strategic choices tend to be limited for certain firms or specific industries [9].…”

Section: Introductionmentioning

confidence: 99%

Extending Miles & Snow's strategy choice typology to the German hospital sector

Helmig

Hinz²,

Ingerfurth

2014

Health Policy

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“…13,14,[20][21][22] Yet, as firms attempt to enact a given strategy, firm behavior is constrained by various forces not the least of which are market-level forces in the form of competition and governmental policies.…”

Section: Competitionmentioning

confidence: 99%

In a Niche of Time

Poole

Davis

Gunby³

2013

The Health Care Manager

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Niche hospitals represent a growing segment in the health care industry. Niche facilities are primarily engaged in the treatment of cardiac or orthopedic conditions. The effectiveness of this strategy is of interest because niche hospitals focus on only the most profitable services. The purpose of this research was to assess the financial effectiveness of the niche strategy. We theorize that firm and market-level factors concomitantly with the strategy of the hospital-niche versus traditional-are associated with financial performance. This research used 2 data sources, the 2003 Medicare Cost Report and the 2003 Area Resource File. The sample was limited to only for-profit, urban, nongovernmental hospitals (n = 995). The data were analyzed using hierarchical least squares regression. Financial performance was operationalized using the hospital's return on assets. The principal finding of this project is that niche hospitals had significantly higher performance than traditional facilities. From the organizational perspective, the niche strategy leads to better financial performance. From a societal perspective, the niche strategy provides increased focus and efficiencies through repetition. Despite the limited focus of this strategy, patients who can access these providers may experience better outcomes than patients in more traditional hospitals.

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Pure Versus Hybrid: Performance Implications of Porter's Generic Strategies

Cited by 43 publications

References 43 publications

Top Management Team Demographic Diversities, Generic Strategy and Firm Performance in Marketing Social Research Association (MSRA) in Kenya

Top Management Team Demographic Diversities, Generic Strategy and Firm Performance in Marketing Social Research Association (MSRA) in Kenya

Extending Miles & Snow's strategy choice typology to the German hospital sector

In a Niche of Time

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