We extend the M&A and alliances literature to include a temporal perspective focusing on when and under what conditions firms should accelerate or slow down their M&A and alliance initiatives. Using a social entrainment model, we explore the relationship between the temporal properties of variability, synchronization and firm performance. We test our model in the context of the U.S specialty pharmaceutical industry. We find a curvilinear relationship between the overall variability of strategic actions and performance. Establishing internal synchronization increases performance while external synchronization of variability with competitors reveals a more complex picture. Our study further opens the window for understanding the creation of competitive advantage by managing rhythm-type strategic actions against time.
| Identifer | oai:union.ndltd.org:PITT/oai:PITTETD:etd-06262008-143038 |
| Date | 29 September 2008 |
| Creators | Shi, Weilei (Stone) |
| Contributors | John E. Prescott, Suzanne Lane, John Hulland, Susan K.Cohen, Gregory G. Dess, Ravindranath Madhavan |
| Publisher | University of Pittsburgh |
| Source Sets | University of Pittsburgh |
| Language | English |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.library.pitt.edu/ETD/available/etd-06262008-143038/ |
| Rights | unrestricted, I hereby certify that, if appropriate, I have obtained and attached hereto a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to University of Pittsburgh or its agents the non-exclusive license to archive and make accessible, under the conditions specified below, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report. |
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