Organizational Resources, Industry Velocity, Attention Focus and Firm’s Performance: A Review of Literature
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Date
2018
Authors
Kimiti, Paul G.
Kilika, James M.
Journal Title
Journal ISSN
Volume Title
Publisher
Canadian Center of Science and Education
Abstract
The study addressed the diverse views on the role of organizational resources in firm performance in high
velocity industry context. It adopted a multidisciplinary approach to examine the linkage among organizational
resources, industry velocity, attention focus and firm performance. It found that resource based advantages are
rather transient in highly dynamic environments hence need to constantly adapt the internal factors through firm
capabilities. The influence of the external environment on resource application decisions is however partial as
only a portion of the environment is actually perceived and interpreted by strategic decision makers through the
selective cognitive process of attention focus. These findings have implications for a better understanding of the
constructs and how they are related as contained in the proposed theoretical framework. The paper proposes that
future studies be based on wider multidisciplinary approaches and the proposed theoretical framework be applied
in guiding empirical research in high velocity industries.
Description
Research Article
Keywords
Organizational resources, Performance, Industry velocity, High velocity industry context