Journal of Economics and Economic Education Research (Print ISSN: 1533-3590; Online ISSN: 1533-3604)

Abstract

A Study of Strategic Relationships Based on Empirical Data

Author(s): Steven Chousa

The purpose of this analysis is to look at the relationships among strategy, flexibility, and performance within the offer chain context. The analysis relies on a quantitative approach employing a form survey and private interviews from a complete of and mediumâ??sized Canadian producing firms. The known constructs are used to check theoretical model victimization the trail analysis technique. First, the findings give proof of direct effects of strategy on flexibility and suppleness on performance. Second, innovative strategy corporations should invest time and resources in developing new product and delivery flexibility; whereas strategy corporations area unit needed to take a position heavily in developing sourcing, product, and delivery flexibility and follower strategy corporations want no investment in any specific style of flexibility. Third, results incontestable that Canadian makers should rethink however they use info technology to boost info systems flexibility and improve overall performance. The measures of flexibility and strategy dimensions wont to rate the provision chain organizations area units an attainable limitation of the analysis study. Managers got to assume seriously regarding which sort of flexibility they implement which they ought to not increase all dimensions of flexibility in their power; some dimensions of flexibility might not considerably contribute to the general performance. Considering that little that little enterprises have restricted resources, it's necessary for managers to rigorously assess their strategic desires before obtaining concerned in any flexibility program; otherwise the result will be competitively negative. No empirical study was found within the offer chain literature that specifically investigates the relationships among strategy, flexibility and performance within the offer chain context; the paper fills a vital gap within the offer chain literature.

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