{"title":"Are We Competitive? A Firm Competitiveness Fit Scale","authors":"Marco Arraya, João J. Ferreira","doi":"10.1002/joe.22284","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>This study aims to develop and validate a comprehensive measure of <i>firm competitiveness fit</i>, a second-order composite construct consisting of seven strategic dimensions: vision, leadership, work passion, people-centric, customer-centric, infrastructural, and viability. These dimensions have been identified as critical factors that influence a firm's competitiveness; however, there is no widely accepted scale to evaluate them. Therefore, this study aims to provide a comprehensive scale that assesses a firm's competitiveness and links specific practices to improvements or decreases in competitiveness. This study used a mixed-method approach that included both qualitative and quantitative phases. The qualitative stage involved interviewing 10 C-suite executives to gain insights into the dimensions' impact on firm competitiveness and to generate items that reflect an understanding of the dimensions. The quantitative phase involved distributing a survey to 188 participants to measure the relationships between the strategic dimensions and <i>firm competitiveness fit</i> and to assess the scale's reliability, validity, and operability. To achieve this goal, PLS-SEM (partial least squares structural equation modeling) was used. The results reveal that <i>firm competitiveness fit</i> is a composite second-order construct, and the incorporation of the seven strategic dimensions into the model demonstrates its validity as a reliable predictor of firm competitiveness. This study has implications for theoretical and practical applications.</p>\n </div>","PeriodicalId":35064,"journal":{"name":"Global Business and Organizational Excellence","volume":"44 4","pages":"59-73"},"PeriodicalIF":0.0000,"publicationDate":"2024-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Global Business and Organizational Excellence","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/joe.22284","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"Business, Management and Accounting","Score":null,"Total":0}
引用次数: 0
Abstract
This study aims to develop and validate a comprehensive measure of firm competitiveness fit, a second-order composite construct consisting of seven strategic dimensions: vision, leadership, work passion, people-centric, customer-centric, infrastructural, and viability. These dimensions have been identified as critical factors that influence a firm's competitiveness; however, there is no widely accepted scale to evaluate them. Therefore, this study aims to provide a comprehensive scale that assesses a firm's competitiveness and links specific practices to improvements or decreases in competitiveness. This study used a mixed-method approach that included both qualitative and quantitative phases. The qualitative stage involved interviewing 10 C-suite executives to gain insights into the dimensions' impact on firm competitiveness and to generate items that reflect an understanding of the dimensions. The quantitative phase involved distributing a survey to 188 participants to measure the relationships between the strategic dimensions and firm competitiveness fit and to assess the scale's reliability, validity, and operability. To achieve this goal, PLS-SEM (partial least squares structural equation modeling) was used. The results reveal that firm competitiveness fit is a composite second-order construct, and the incorporation of the seven strategic dimensions into the model demonstrates its validity as a reliable predictor of firm competitiveness. This study has implications for theoretical and practical applications.
期刊介绍:
For leaders and managers in an increasingly globalized world, Global Business and Organizational Excellence (GBOE) offers first-hand case studies of best practices of people in organizations meeting varied challenges of competitiveness, as well as perspectives on strategies, techniques, and knowledge that help such people lead their organizations to excel. GBOE provides its readers with unique insights into how organizations are achieving competitive advantage through transformational leadership--at the top, and in various functions that make up the whole. The focus is always on the people -- how to coordinate, communicate among, organize, reward, teach, learn from, and inspire people who make the important things happen.