Rethinking business performance in global value chains

被引:20
作者
Mouzas, Stefanos [1 ]
Bauer, Florian [2 ]
机构
[1] Univ Lancaster, Mkt & Strategy, Massagement Sch, Lancaster, England
[2] Univ Lancaster, Management Sch, Strategy Entrepreneurship & Innovat, Lancaster, England
关键词
Global value chains; Performance; Covid-19; Resilience; REAL OPTIONS THEORY; FIRM PERFORMANCE; SUPPLY CHAIN; ORGANIZATIONAL-EFFECTIVENESS; OPERATIONAL EFFICIENCY; FINANCIAL RESILIENCE; COMPANY PERFORMANCE; SLOTTING ALLOWANCES; UNITED-STATES; MANAGEMENT;
D O I
10.1016/j.jbusres.2022.02.012
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper develops a theoretical foundation for rethinking business performance in global value chains amid the Covid-19 fallout. Specifically, we synthesize business performance into three potentially reinforcing but also conflicting performance systems: 1) operational efficiency, 2) market effectiveness and 3) financial resilience to examine their effect on a) profitability, b) growth and c) solvency. While some specific measures of business performance will suffice in times of stability and growth, they could make firms operating in global value chains vulnerable in times of adversity. Our comprehensive theoretical framework contributes to our understanding of the dynamic interplay of conflicting performance systems. We discuss implications for assessing business per-formance and provide directions for further research.
引用
收藏
页码:679 / 689
页数:11
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