The Relationship Between Strategic Choices and Performance in Italian Food SMEs: A Resource-based Approach
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
In the context of progressive rise of the competition among firms, due to the increasing
globalisation, it is interesting to understand the potential sources of competitive advantage in order to set up
a successful strategy. The theory of Resource-based View used in this framework examines the connection
among internal resources and strategic choices, and how the latter affect firm performance. The firm
strategy is determined by available resources and capabilities which are deployed to obtain a good
performance. Therefore, strategic choices act in between resources and performance. The purpose of the
paper is to evaluate the relationship between strategic choices and performance achieved by food SMEs,
based on a set of distinctive resources. This approach is assessed in food SMEs located in Italy, by applying
a Structural Equation Model. The results of the empirical analysis showed that, in the food sector, strategic
choices based on innovation, product positioning, and chain relationship development have positive effects
on performance, but only if distinctive resources and capabilities are considered. Innovation plays a capital
role because of its direct as well as indirect effects.