A non-parametric analysis of competitiveness efficiency: the relevance of firm size and the configuration of competitive pillars

This study employs a DEA model with a single constant input to analyze the competitiveness performance of a unique sample of 103 knowledge-intensive business service (KIBS) firms from Hungary, Spain, Colombia and Costa Rica for the year 2017. Also, we assess how the configuration of competitive pill...

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Autores:
Lafuente, Esteban
Leiva, Juan Carlos
Moreno-Gómez, Jorge
Laszlo, Szerb
Tipo de recurso:
Article of journal
Fecha de publicación:
2019
Institución:
Corporación Universidad de la Costa
Repositorio:
REDICUC - Repositorio CUC
Idioma:
eng
OAI Identifier:
oai:repositorio.cuc.edu.co:11323/6198
Acceso en línea:
https://hdl.handle.net/11323/6198
https://repositorio.cuc.edu.co/
Palabra clave:
Competitiveness
System dynamics
DEA
Benchmarking
Competitividad
Dinámica del sistema
DEA
Benchmarking
Rights
embargoedAccess
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id RCUC2_b169004cb0b619c57c37a05933e295ea
oai_identifier_str oai:repositorio.cuc.edu.co:11323/6198
network_acronym_str RCUC2
network_name_str REDICUC - Repositorio CUC
repository_id_str
dc.title.spa.fl_str_mv A non-parametric analysis of competitiveness efficiency: the relevance of firm size and the configuration of competitive pillars
dc.title.translated.spa.fl_str_mv Un análisis no paramétrico de la eficiencia de la competitividad: la relevancia del tamaño de la empresa y la configuración de los pilares competitivos.
title A non-parametric analysis of competitiveness efficiency: the relevance of firm size and the configuration of competitive pillars
spellingShingle A non-parametric analysis of competitiveness efficiency: the relevance of firm size and the configuration of competitive pillars
Competitiveness
System dynamics
DEA
Benchmarking
Competitividad
Dinámica del sistema
DEA
Benchmarking
title_short A non-parametric analysis of competitiveness efficiency: the relevance of firm size and the configuration of competitive pillars
title_full A non-parametric analysis of competitiveness efficiency: the relevance of firm size and the configuration of competitive pillars
title_fullStr A non-parametric analysis of competitiveness efficiency: the relevance of firm size and the configuration of competitive pillars
title_full_unstemmed A non-parametric analysis of competitiveness efficiency: the relevance of firm size and the configuration of competitive pillars
title_sort A non-parametric analysis of competitiveness efficiency: the relevance of firm size and the configuration of competitive pillars
dc.creator.fl_str_mv Lafuente, Esteban
Leiva, Juan Carlos
Moreno-Gómez, Jorge
Laszlo, Szerb
dc.contributor.author.spa.fl_str_mv Lafuente, Esteban
Leiva, Juan Carlos
Moreno-Gómez, Jorge
Laszlo, Szerb
dc.subject.spa.fl_str_mv Competitiveness
System dynamics
DEA
Benchmarking
Competitividad
Dinámica del sistema
DEA
Benchmarking
topic Competitiveness
System dynamics
DEA
Benchmarking
Competitividad
Dinámica del sistema
DEA
Benchmarking
description This study employs a DEA model with a single constant input to analyze the competitiveness performance of a unique sample of 103 knowledge-intensive business service (KIBS) firms from Hungary, Spain, Colombia and Costa Rica for the year 2017. Also, we assess how the configuration of competitive pillars—strengths and weaknesses—impacts efficiency and how firm size moderates this relationship. The mean efficiency scores by which the competitiveness output can be optimized is 47.43%. The results suggest that the configuration of competitive pillars has important implications for efficiency analyses. For small businesses, competitive-enhancing actions should focus on mitigating competitive weaknesses that are detrimental to efficiency. Also, a configuration of competitive pillars in which one or various competitive strengths prevail is more beneficial for small businesses. Managerial tools such as the proposed competitiveness measure may offer useful information on what strategic actions can contribute to optimize business competitiveness.
publishDate 2019
dc.date.issued.none.fl_str_mv 2019-02-07
dc.date.accessioned.none.fl_str_mv 2020-04-16T02:47:26Z
dc.date.available.none.fl_str_mv 2020-04-16T02:47:26Z
dc.type.spa.fl_str_mv Artículo de revista
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dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.content.spa.fl_str_mv Text
dc.type.driver.spa.fl_str_mv info:eu-repo/semantics/article
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dc.type.version.spa.fl_str_mv info:eu-repo/semantics/acceptedVersion
format http://purl.org/coar/resource_type/c_6501
status_str acceptedVersion
dc.identifier.issn.spa.fl_str_mv 23409444
dc.identifier.uri.spa.fl_str_mv https://hdl.handle.net/11323/6198
dc.identifier.doi.spa.fl_str_mv doi.org/10.1016/j.brq.2019.02.002
dc.identifier.instname.spa.fl_str_mv Corporación Universidad de la Costa
dc.identifier.reponame.spa.fl_str_mv REDICUC - Repositorio CUC
dc.identifier.repourl.spa.fl_str_mv https://repositorio.cuc.edu.co/
identifier_str_mv 23409444
doi.org/10.1016/j.brq.2019.02.002
Corporación Universidad de la Costa
REDICUC - Repositorio CUC
url https://hdl.handle.net/11323/6198
https://repositorio.cuc.edu.co/
dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.references.spa.fl_str_mv Aral and Weill, 2007 S. Aral, P. Weill IT assets, organizational capabilities, and firm performance: how resource allocations and organizational differences explain performance variation Organ. Sci., 18 (5) (2007), pp. 763-780
R.J. Arend The definition of strategic liabilities, and their impact on firm performance J. Manage. Stud., 41 (6) (2004), pp. 1003-1027
Arora and Cohen, 2015 A. Arora, W.M. Cohen Public support for technical advance: the role of firm size Ind. Corp. Change, 24 (4) (2015), pp. 791-802
Atkinson, 2008 K.E. Atkinson An introduction to Numerical Analysis John Wiley & Sons (2008)
Barney, 1991 J.B. Barney Firm resources and sustained competitive advantage J. Manage., 17 (1) (1991), pp. 99-120
Barney, 2001 J.B. Barney Resource-based theories of competitive advantage: a ten-year retrospective on the resource-based view J. Manage., 27 (6) (2001), pp. 643-650
Belderbos and Sleuwaegen, 2005 R. Belderbos, L. Sleuwaegen Competitive drivers and international plant configuration strategies: a product-level test Strategic Manage. J., 26 (2005), pp. 577-593
Cherchye et al., 2004 L. Cherchye, W. Moesen, T. Van Puyenbroeck Legitimately diverse, yet comparable: on synthesizing social inclusion performance in the EU J. Common Market St., 42 (2004), pp. 919-955
Cherchye et al., 2007 L. Cherchye, W. Moesen, N. Rogge, T. Van Puyenbroeck An introduction to ‘benefit of the doubt’composite indicators Soc. Indic. Res., 82 (1) (2007), pp. 111-145
Cooper et al., 2011 W.W. Cooper, L.M. Seiford, J. Zhu Handbook on Data Envelopment Analysis (2nd edition), Springer, New York (2011)
Cusumano et al., 2015 M.A. Cusumano, S.J. Kahl, F.F. Suarez Services, industry evolution, and the competitive strategies of product firms Strategic Manage. J., 36 (4) (2015), pp. 559-575
Douglas and Ryman, 2003 T.J. Douglas, J.A. Ryman Understanding competitive advantage in the general hospital industry: evaluating strategic competencies Strategic Manage. J., 24 (4) (2003), pp. 333-347
European Commission, 2012 European Commission Knowledge-Intensive (Business) Services in Europe Publications Office of the European Union, Luxembourg (2012)
Fang et al., 2016 H.C. Fang, R.V. Randolph, E. Memili, J.J. Chrisman Does size matter? The moderating effects of firm size on the employment of nonfamily managers in privately held family SMEs Entrep. Theory Pract., 40 (5) (2016), pp. 1017-1039
Fernhaber and Patel, 2012 S. Fernhaber, P. Patel How do young firms manage product portfolio complexity? The role of absorptive capacity and ambidexterity Strategic Manage. J., 33 (2012), pp. 1516-1539
Fuchs and Kirchain, 2010 E. Fuchs, R. Kirchain Design for location? The impact of manufacturing offshore on technology competitiveness in the optoelectronics industry Manage. Sci., 56 (2010), pp. 2323-2349
Greene, 2003 W. Greene Econometric Analysis (5th edition), Upper Saddle River, New Jersey (2003)
Grifell-Tatjé and Lovell, 2015 E. Grifell-Tatjé, C.A.K. Lovell Productivity Accounting: The Economics of Business Performance Cambridge University Press, New York (2015)
Julien and Ramangalahy, 2003 P.A. Julien, C. Ramangalahy Competitive strategy and performance of exporting SMEs: an empirical investigation of the impact of their export information search and competencies Entrep. Theory Pract., 27 (3) (2003), pp. 227-245
Karagiannis and Lovell, 2016 G. Karagiannis, C.A.K. Lovell Productivity measurement in radial DEA models with a single constant input Eur. J. Oper. Res., 251 (1) (2016), pp. 323-328
Kingsley and Malecki, 2004 G. Kingsley, E.J. Malecki Networking for competitiveness Small Bus. Econ., 23 (1) (2004), pp. 71-84
Lafuente et al., 2016 E. Lafuente, L. Szerb, A. Rideg A system dynamics approach for assessing business competitiveness Working Paper presented at the 30th RENT Conference, Belgium, November 16th–18th, University of Antwerp (2016)
Lafuente et al., 2018 E. Lafuente, Y. Vaillant, J.C. Leiva Sustainable and traditional product innovation without scale and experience, but only for KIBS! Sustainability, 10 (4) (2018), p. 1169
Lafuente et al., 2017 E. Lafuente, Y. Vaillant, F. Vendrell-Herrero Territorial servitization: exploring the virtuous circle connecting knowledge-intensive services and new manufacturing businesses Int. J. Prod. Econ., 192 (2017), pp. 19-28
Lazear, 2004 E.P. Lazear Balanced skills and entrepreneurship Am. Econ. Rev., 94 (2) (2004), pp. 208-211
Lederer et al., 2013 M. Lederer, P. Schott, S. Huber, M. Kurz Strategic business process analysis: a procedure model to align business strategy with business process analysis methods S-BPM ONE-Running Processes, Springer, Berlin Heidelberg (2013), pp. 247-263
Liu et al., 2011 W.B. Liu, D.Q. Zhang, W. Meng, X.X. Li, F. Xu A study of DEA models without explicit inputs Omega, 39 (2011), pp. 472-480
Lo, 2010 S.-F. Lo The differing capabilities to respond to the challenge of climate change across annex parties under the Kyoto protocol Environ. Sci. Policy, 13 (2010), pp. 42-54
Lovell and Pastor, 1999 C.A.K. Lovell, J.T. Pastor Radial DEA models without inputs or without outputs Eur. J. Oper. Res., 188 (1) (1999), pp. 46-51
Lovell et al., 1995 C.A.K. Lovell, J.T. Pastor, J.A. Turner Measuring macroeconomic performance in the OECD: a comparison of European and non-European countries Eur. J. Oper. Res., 87 (1995), pp. 507-518
Man et al., 2002 T.W.Y. Man, T. Lau, K.F. Chan The competitiveness of small and medium enterprises: a conceptualization with focus on entrepreneurial competencies J. Bus. Venturing, 17 (2002), pp. 123-142
Miller, 1986 D. Miller Configurations of strategy and structure: towards a synthesis Strategic Manage. J., 7 (1986), pp. 233-249
Miller, 1996 D. Miller Configurations revisited Strategic Manage. J., 17 (1996), pp. 505-512
Miller and Whitney, 1999 D. Miller, J.O. Whitney Beyond strategy: configuration as a pillar of competitive advantage Bus. Horiz. (1999), pp. 5-17 May-June
Mizobuchi, 2014 H. Mizobuchi Measuring world better life frontier: a composite indicator for OECD better life index Soc. Indic. Res., 118 (2014), pp. 987-1007
Newbert, 2007 S. Newbert Empirical research on the resource-based view of the firm: an assessment and suggestions for future research Strategic Manage. J., 28 (2) (2007), pp. 121-146
Newbert, 2008 S. Newbert Value, rareness, competitive advantage, and performance: a conceptual-level empirical investigation of the resource-based view of the firm Strategic Manage. J., 29 (7) (2008), pp. 745-768
Nunnally and Bernstein, 1994 J.C. Nunnally, I.H. Bernstein Psychometric Theory McGraw-Hill, New York (1994)
O’Cass and Weerawardena, 2010 A. O’Cass, J. Weerawardena The effects of perceived industry competitive intensity and marketing-related capabilities: drivers of superior brand performance Ind. Market. Manage., 39 (4) (2010), pp. 571-581
Odeck, 2006 J. Odeck Identifying traffic safety best practice: an application of DEA and Malmquist indices Omega, 34 (2006), pp. 28-40
Opresnik and Taisch, 2015 D. Opresnik, M. Taisch The value of big data in servitization Int. J. Prod. Econ., 165 (2015), pp. 174-184
Prahalad and Hamel, 1990 C.K. Prahalad, G. Hamel The core competence of the corporation Harv. Bus. Rev., 68 (May–June) (1990), pp. 79-91
Priem and Butler, 2001 R. Priem, J. Butler Is the resource-based ‘view’ a useful perspective for strategic management research? Acad. Manage. Rev., 26 (2001), pp. 22-40
Robinson and Simmons, 2018 C.V. Robinson, J.E. Simmons Organising environmental scanning: exploring information source, mode and the impact of firm size Long Range Plann., 51 (4) (2018), pp. 526-539 (in press)
Sirmon et al., 2010 D.G. Sirmon, M.A. Hitt, J.L. Arregle, J.T. Campbell The dynamic interplay of capability strengths and weaknesses: investigating the bases of temporary competitive advantage Strategic Manage. J., 31 (13) (2010), pp. 1386-1409
Soares de Mello et al., 2009 J.C.C.B. Soares de Mello, L. Angulo-Meza, B.P. Branco da Silva A ranking for the Olympic games with unitary input DEA models IMA J. Manage. Math., 20 (2009), pp. 201-211
Tarabusi and Guarini, 2013 E.C. Tarabusi, G. Guarini An unbalance adjustment method for development indicators Soc. Indic. Res., 112 (1) (2013), pp. 19-45
Wernerfelt, 1984 B. Wernerfelt A resource-based view of the firm Strategic Manage. J., 5 (2) (1984), pp. 171-180
West and De Castro, 2001 G.P. West, J. De Castro The Achilles heel of firm strategy: resource weakness and distinctive inadequacies J. Manage. Stud., 38 (3) (2001), pp. 417-442
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spelling Lafuente, EstebanLeiva, Juan CarlosMoreno-Gómez, JorgeLaszlo, Szerb2020-04-16T02:47:26Z2020-04-16T02:47:26Z2019-02-0723409444https://hdl.handle.net/11323/6198doi.org/10.1016/j.brq.2019.02.002Corporación Universidad de la CostaREDICUC - Repositorio CUChttps://repositorio.cuc.edu.co/This study employs a DEA model with a single constant input to analyze the competitiveness performance of a unique sample of 103 knowledge-intensive business service (KIBS) firms from Hungary, Spain, Colombia and Costa Rica for the year 2017. Also, we assess how the configuration of competitive pillars—strengths and weaknesses—impacts efficiency and how firm size moderates this relationship. The mean efficiency scores by which the competitiveness output can be optimized is 47.43%. The results suggest that the configuration of competitive pillars has important implications for efficiency analyses. For small businesses, competitive-enhancing actions should focus on mitigating competitive weaknesses that are detrimental to efficiency. Also, a configuration of competitive pillars in which one or various competitive strengths prevail is more beneficial for small businesses. Managerial tools such as the proposed competitiveness measure may offer useful information on what strategic actions can contribute to optimize business competitiveness.Este estudio emplea un modelo DEA con una sola entrada constante para analizar el desempeño competitivo de una muestra única de 103 empresas de servicios comerciales intensivos en conocimiento (KIBS) de Hungría, España, Colombia y Costa Rica para el año 2017. Además, evaluamos cómo La configuración de los pilares competitivos (fortalezas y debilidades) impacta la eficiencia y cómo el tamaño de la empresa modera esta relación. El puntaje promedio de eficiencia por el cual se puede optimizar la producción de competitividad es 47.43%. Los resultados sugieren que la configuración de pilares competitivos tiene implicaciones importantes para los análisis de eficiencia. Para las pequeñas empresas, las acciones de mejora competitiva deberían centrarse en mitigar las debilidades competitivas que son perjudiciales para la eficiencia. Además, una configuración de pilares competitivos en la que prevalecen una o varias fortalezas competitivas es más beneficiosa para las pequeñas empresas. Las herramientas de gestión, como la medida de competitividad propuesta, pueden ofrecer información útil sobre qué acciones estratégicas pueden contribuir a optimizar la competitividad empresarial.Lafuente, Esteban-will be generated-orcid-0000-0001-5889-7656-600Leiva, Juan Carlos-will be generated-orcid-0000-0001-9653-4629-600Moreno-Gómez, Jorge-will be generated-orcid-0000-0002-8828-4284-600Laszlo, Szerb-will be generated-orcid-0000-0002-6964-7422-600engBRQ Business Research QuarterlyCC0 1.0 Universalhttp://creativecommons.org/publicdomain/zero/1.0/info:eu-repo/semantics/embargoedAccesshttp://purl.org/coar/access_right/c_f1cfCompetitivenessSystem dynamicsDEABenchmarkingCompetitividadDinámica del sistemaDEABenchmarkingA non-parametric analysis of competitiveness efficiency: the relevance of firm size and the configuration of competitive pillarsUn análisis no paramétrico de la eficiencia de la competitividad: la relevancia del tamaño de la empresa y la configuración de los pilares competitivos.Artículo de revistahttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1Textinfo:eu-repo/semantics/articlehttp://purl.org/redcol/resource_type/ARTinfo:eu-repo/semantics/acceptedVersionAral and Weill, 2007 S. Aral, P. Weill IT assets, organizational capabilities, and firm performance: how resource allocations and organizational differences explain performance variation Organ. Sci., 18 (5) (2007), pp. 763-780R.J. Arend The definition of strategic liabilities, and their impact on firm performance J. Manage. Stud., 41 (6) (2004), pp. 1003-1027Arora and Cohen, 2015 A. Arora, W.M. Cohen Public support for technical advance: the role of firm size Ind. Corp. Change, 24 (4) (2015), pp. 791-802Atkinson, 2008 K.E. Atkinson An introduction to Numerical Analysis John Wiley & Sons (2008)Barney, 1991 J.B. Barney Firm resources and sustained competitive advantage J. Manage., 17 (1) (1991), pp. 99-120Barney, 2001 J.B. Barney Resource-based theories of competitive advantage: a ten-year retrospective on the resource-based view J. Manage., 27 (6) (2001), pp. 643-650Belderbos and Sleuwaegen, 2005 R. Belderbos, L. Sleuwaegen Competitive drivers and international plant configuration strategies: a product-level test Strategic Manage. J., 26 (2005), pp. 577-593Cherchye et al., 2004 L. Cherchye, W. Moesen, T. Van Puyenbroeck Legitimately diverse, yet comparable: on synthesizing social inclusion performance in the EU J. Common Market St., 42 (2004), pp. 919-955Cherchye et al., 2007 L. Cherchye, W. Moesen, N. Rogge, T. Van Puyenbroeck An introduction to ‘benefit of the doubt’composite indicators Soc. Indic. Res., 82 (1) (2007), pp. 111-145Cooper et al., 2011 W.W. Cooper, L.M. Seiford, J. Zhu Handbook on Data Envelopment Analysis (2nd edition), Springer, New York (2011)Cusumano et al., 2015 M.A. Cusumano, S.J. Kahl, F.F. Suarez Services, industry evolution, and the competitive strategies of product firms Strategic Manage. J., 36 (4) (2015), pp. 559-575Douglas and Ryman, 2003 T.J. Douglas, J.A. Ryman Understanding competitive advantage in the general hospital industry: evaluating strategic competencies Strategic Manage. J., 24 (4) (2003), pp. 333-347European Commission, 2012 European Commission Knowledge-Intensive (Business) Services in Europe Publications Office of the European Union, Luxembourg (2012)Fang et al., 2016 H.C. Fang, R.V. Randolph, E. Memili, J.J. Chrisman Does size matter? The moderating effects of firm size on the employment of nonfamily managers in privately held family SMEs Entrep. Theory Pract., 40 (5) (2016), pp. 1017-1039Fernhaber and Patel, 2012 S. Fernhaber, P. Patel How do young firms manage product portfolio complexity? The role of absorptive capacity and ambidexterity Strategic Manage. J., 33 (2012), pp. 1516-1539Fuchs and Kirchain, 2010 E. Fuchs, R. Kirchain Design for location? The impact of manufacturing offshore on technology competitiveness in the optoelectronics industry Manage. Sci., 56 (2010), pp. 2323-2349Greene, 2003 W. Greene Econometric Analysis (5th edition), Upper Saddle River, New Jersey (2003)Grifell-Tatjé and Lovell, 2015 E. Grifell-Tatjé, C.A.K. Lovell Productivity Accounting: The Economics of Business Performance Cambridge University Press, New York (2015)Julien and Ramangalahy, 2003 P.A. Julien, C. Ramangalahy Competitive strategy and performance of exporting SMEs: an empirical investigation of the impact of their export information search and competencies Entrep. Theory Pract., 27 (3) (2003), pp. 227-245Karagiannis and Lovell, 2016 G. Karagiannis, C.A.K. Lovell Productivity measurement in radial DEA models with a single constant input Eur. J. Oper. Res., 251 (1) (2016), pp. 323-328Kingsley and Malecki, 2004 G. Kingsley, E.J. Malecki Networking for competitiveness Small Bus. Econ., 23 (1) (2004), pp. 71-84Lafuente et al., 2016 E. Lafuente, L. Szerb, A. Rideg A system dynamics approach for assessing business competitiveness Working Paper presented at the 30th RENT Conference, Belgium, November 16th–18th, University of Antwerp (2016)Lafuente et al., 2018 E. Lafuente, Y. Vaillant, J.C. Leiva Sustainable and traditional product innovation without scale and experience, but only for KIBS! Sustainability, 10 (4) (2018), p. 1169Lafuente et al., 2017 E. Lafuente, Y. Vaillant, F. Vendrell-Herrero Territorial servitization: exploring the virtuous circle connecting knowledge-intensive services and new manufacturing businesses Int. J. Prod. Econ., 192 (2017), pp. 19-28Lazear, 2004 E.P. Lazear Balanced skills and entrepreneurship Am. Econ. Rev., 94 (2) (2004), pp. 208-211Lederer et al., 2013 M. Lederer, P. Schott, S. Huber, M. Kurz Strategic business process analysis: a procedure model to align business strategy with business process analysis methods S-BPM ONE-Running Processes, Springer, Berlin Heidelberg (2013), pp. 247-263Liu et al., 2011 W.B. Liu, D.Q. Zhang, W. Meng, X.X. Li, F. Xu A study of DEA models without explicit inputs Omega, 39 (2011), pp. 472-480Lo, 2010 S.-F. Lo The differing capabilities to respond to the challenge of climate change across annex parties under the Kyoto protocol Environ. Sci. Policy, 13 (2010), pp. 42-54Lovell and Pastor, 1999 C.A.K. Lovell, J.T. Pastor Radial DEA models without inputs or without outputs Eur. J. Oper. Res., 188 (1) (1999), pp. 46-51Lovell et al., 1995 C.A.K. Lovell, J.T. Pastor, J.A. Turner Measuring macroeconomic performance in the OECD: a comparison of European and non-European countries Eur. J. Oper. Res., 87 (1995), pp. 507-518Man et al., 2002 T.W.Y. Man, T. Lau, K.F. Chan The competitiveness of small and medium enterprises: a conceptualization with focus on entrepreneurial competencies J. Bus. Venturing, 17 (2002), pp. 123-142Miller, 1986 D. Miller Configurations of strategy and structure: towards a synthesis Strategic Manage. J., 7 (1986), pp. 233-249Miller, 1996 D. Miller Configurations revisited Strategic Manage. J., 17 (1996), pp. 505-512Miller and Whitney, 1999 D. Miller, J.O. Whitney Beyond strategy: configuration as a pillar of competitive advantage Bus. Horiz. (1999), pp. 5-17 May-JuneMizobuchi, 2014 H. Mizobuchi Measuring world better life frontier: a composite indicator for OECD better life index Soc. Indic. Res., 118 (2014), pp. 987-1007Newbert, 2007 S. Newbert Empirical research on the resource-based view of the firm: an assessment and suggestions for future research Strategic Manage. J., 28 (2) (2007), pp. 121-146Newbert, 2008 S. Newbert Value, rareness, competitive advantage, and performance: a conceptual-level empirical investigation of the resource-based view of the firm Strategic Manage. J., 29 (7) (2008), pp. 745-768Nunnally and Bernstein, 1994 J.C. Nunnally, I.H. Bernstein Psychometric Theory McGraw-Hill, New York (1994)O’Cass and Weerawardena, 2010 A. O’Cass, J. Weerawardena The effects of perceived industry competitive intensity and marketing-related capabilities: drivers of superior brand performance Ind. Market. Manage., 39 (4) (2010), pp. 571-581Odeck, 2006 J. Odeck Identifying traffic safety best practice: an application of DEA and Malmquist indices Omega, 34 (2006), pp. 28-40Opresnik and Taisch, 2015 D. Opresnik, M. Taisch The value of big data in servitization Int. J. Prod. Econ., 165 (2015), pp. 174-184Prahalad and Hamel, 1990 C.K. Prahalad, G. Hamel The core competence of the corporation Harv. Bus. Rev., 68 (May–June) (1990), pp. 79-91Priem and Butler, 2001 R. Priem, J. Butler Is the resource-based ‘view’ a useful perspective for strategic management research? Acad. Manage. Rev., 26 (2001), pp. 22-40Robinson and Simmons, 2018 C.V. Robinson, J.E. Simmons Organising environmental scanning: exploring information source, mode and the impact of firm size Long Range Plann., 51 (4) (2018), pp. 526-539 (in press)Sirmon et al., 2010 D.G. 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