Documents de treball MEASURING SUSTAINED SUPERIOR PERFORMANCE AT THE FIRM LEVEL
نویسنده
چکیده
This paper proposes a two-dimensional Strategic Performance Measure (SPM) to evaluate the achievement of sustained superior performance. This proposal builds primarily on the fact that, under the strategic management perspective, a firm's prevalent objective is the pursuit of sustained superior performance. Three basic conceptual dimensions stem from this objective: relativity, sign dependence, and dynamism. These are the foundations of the SPM, which carries out a separate evaluation of the attained superior performance and of its sustainability over time. In contrast to existing measures of performance, the SPM provides: (i) a dynamic approach by considering the progress or regress in performance over time, and (ii) a cardinal measurement of performance differences and its changes over time. The paper also proposes an axiomatic framework that a measure of strategic performance should comply with to be theoretically and managerially sound. Finally, an empirical illustration of the Spanish banking sector during 1987-1999 is herein provided by discussing some relevant cases.
منابع مشابه
DOCUMENTS DE TREBALL DE LA FACULTAT D’ECONOMIA I EMPRESA Col.lecció d’Economia E11/261 Responses to a crisis: FASA-Renault in Spain during the 1970s
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