Environmental Uncertainty, Business Strategy, and Financial Performance: an Empirical Study of the U.S. Lodging Industry

Author:

Dev Chekitan S.1,Olsen Michael D.2

Affiliation:

1. Cornell University

2. Virginia Polytechnic Institute and State University

Abstract

A key premise in the normative literature is that an appropriate business strategy will favorably align an organization with its environment (Andrews, 1971; Hofer & Schendel, 1978; Porter, 1980). It is argued that the strategy that will produce the best results is dependent on existing environmental circumstances (Miles & Snow, 1978). This study investigated the tenet that, for firms in the lodging industry, there exists an optimal pattern or ''fit'' between the environment and the firm's business strategy that separates the more successful operations from the less successful ones. The findings of this study indicate that a "match" between the state of the environment facing an organization and its business strategy is required for high performance. The results obtained provide an invaluable planning and analysis tool for all levels of management involved in charting a firm's future.

Publisher

SAGE Publications

Subject

General Medicine

Reference35 articles.

Cited by 20 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. Versenystratégiák a szállodaiparban — A magyar szállodaipari vállalkozások gyakorlata;Vezetéstudomány / Budapest Management Review;2023-03-13

2. Conceptual framework of strategic leadership and organizational resilience for the hospitality and tourism industry for coping with environmental uncertainty;Journal of Hospitality and Tourism Insights;2022-05-12

3. Exploring the Environmental Scanning of the Hotel Industry in China;Journal of China Tourism Research;2016-10

4. Competitive intelligence practices in hotels;International Journal of Hospitality Management;2016-02

5. Strategic management research in hospitality and tourism: past, present and future;International Journal of Contemporary Hospitality Management;2014-07-08

同舟云学术

1.学者识别学者识别

2.学术分析学术分析

3.人才评估人才评估

"同舟云学术"是以全球学者为主线,采集、加工和组织学术论文而形成的新型学术文献查询和分析系统,可以对全球学者进行文献检索和人才价值评估。用户可以通过关注某些学科领域的顶尖人物而持续追踪该领域的学科进展和研究前沿。经过近期的数据扩容,当前同舟云学术共收录了国内外主流学术期刊6万余种,收集的期刊论文及会议论文总量共计约1.5亿篇,并以每天添加12000余篇中外论文的速度递增。我们也可以为用户提供个性化、定制化的学者数据。欢迎来电咨询!咨询电话:010-8811{复制后删除}0370

www.globalauthorid.com

TOP

Copyright © 2019-2024 北京同舟云网络信息技术有限公司
京公网安备11010802033243号  京ICP备18003416号-3