Title :
The impact of technology strategy on firm performance
Author :
Pegels, C. Carl ; Thirumurthy, M.V.
Author_Institution :
Sch. of Manage., State Univ. of New York, Buffalo, NY, USA
fDate :
8/1/1996 12:00:00 AM
Abstract :
This study focuses on the link between research and development (R&D) expenditures and two firm technology measures: technological cycle time; and technological strength. The subsequent focus is on the two firm technology measures and firm performance while controlling for firm size and productivity. An empirical test on 49 firms across several industries revealed that the first link was quite weak, possibly caused by the inclusion of much engineering on ongoing operations being included in R&D. However, the overall model results were quite strong, showing that 45% of the variation in firm performance, measured by operating profits, was explained by the comprehensive three-stage model
Keywords :
economics; human resource management; management science; product development; research and development management; empirical test; engineering; firm performance; firm size; management; operating profits; productivity; research and development expenditure; technological cycle time; technological strength; technology strategy; three-stage model; Costs; Investments; Law; Legal factors; Marketing and sales; Productivity; Research and development; Research and development management; Size measurement; Testing;
Journal_Title :
Engineering Management, IEEE Transactions on
