Strategic schemas, strategic flexibility, and firm performance: the moderating role of industry clockspeed
Article first published online: 30 JAN 2007
Copyright © 2007 John Wiley & Sons, Ltd.
Strategic Management Journal
Volume 28, Issue 3, pages 243–270, March 2007
How to Cite
Nadkarni, S. and Narayanan, V. K. (2007), Strategic schemas, strategic flexibility, and firm performance: the moderating role of industry clockspeed. Strat. Mgmt. J., 28: 243–270. doi: 10.1002/smj.576
- Issue published online: 30 JAN 2007
- Article first published online: 30 JAN 2007
- Manuscript Revised: 11 JUL 2006
- Manuscript Received: 29 MAR 2004
- strategic schemas;
- strategic flexibility;
- industry clockspeed
We examine the moderating effect of industry clockspeed on the relationship between strategic schemas, strategic flexibility and firm performance. We employ two key properties of strategic schemas: complexity and focus. Using a sample of 225 firms from 14 industries, we show that the pattern of relationships among the theoretical constructs is different in fast- and slow-clockspeed industries. The results suggest that complexity of strategic schemas promotes strategic flexibility and success in fast clockspeed industries, whereas focus of strategic schemas fosters strategic persistence, which is effective in slow-clockspeed industries. Copyright © 2007 John Wiley & Sons, Ltd.