Title: SAILING THROUGH THE STORMS TOWARDS TREASURE ISLAND. THE RELATIONSHIPS BETWEEN STRATEGIES, OBSTACLES AND FIRM PERFORMANCE
Authors: DAMIOLI GIACOMODEL SORBO MARIAGHISETTI CLAUDIAVERTESY DANIELVEZZULLI ANDREA
Citation: RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI no. 1 p. 25-66
Publisher: UNIVERSITA CATTOLICA DEL SACRO CUORE
Publication Year: 2019
JRC N°: JRC116058
ISSN: 0035-676X (online)
URI: http://dx.doi.org/10.26350/000518_000024
http://publications.jrc.ec.europa.eu/repository/handle/JRC116058
DOI: 10.26350/000518_000024
Type: Articles in periodicals and books
Abstract: Companies devise strategies to successfully navigate an uncertain business environment. They need to tackle regulatory or market obstacles in order to succeed. This study focuses on the complex relationship between strategies, obstacles and firm performance. It uses regression techniques on a cross-national sample of 37,150 European companies in 14 Member States to study the correlation between: i) firms’ perceptions about the importance of strategies and obstacles, and ii) firms’ innovation and economic performance. The findings indicate that firms pursuing cost reduction strategies and perceiving the lack of demand and adequate finance as obstacles experience poor performances. By contrast, those pursuing adaptability strategies and perceiving the lack of qualified personnel as an obstacle grow faster, and those with explicit product innovation strategies innovate more. High-growth enterprises appear less sensitive about financial constraints, more interested in the availability of skilled labour and benefiting more from cooperation than the others.
JRC Directorate:Joint Research Centre Corporate Activities

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