Integrating the theoretical perspectives of resource orchestration and relational capital, this research examines how the managerial capability involved in resource bundling approaches (i.e., stabilizing, enriching, and pioneering) affect the speed of strategic change, and how managerial ties (i.e., government ties, customer ties and supplier ties) as external resources influence the effects of resource bundling capabilities on strategic change speed. Using data from 508 Chinese firms, we demonstrate that the stabilizing bundling process is negatively related to the speed of strategic change, and enriching and pioneering bundling processes are positively related to the speed of strategic change. Importantly, we find that specific effects of resource bundling on strategic change speed are influenced by different types of external social relationships. These results suggest that managerial capabilities and external ties affect the speed with which strategic change can be implemented.
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All interaction effects were graphed and the interpretations fit well with the results on the graphs. The graphs were not included for reasons of length but they are available upon request from the authors.
This is a subsample (subgroup) of 88 firms on which the objective data were available. To examine the representativeness of this subsample to the total sample, we ran a t-test to ascertain any differences in terms of SSC and found no statistically significant differences (SSC: Levene’s Test for Equality of Variances, F = 2.946, p = .087; t-test for Equality of Means: (1) equal variances assumed t = −.893, p = .372; (2) equal variances not assumed t = −.992, p = .323). Thus, we can use this 88-firm dataset to compare the relationship between three bundling measurements and the objective indictors Li et al., 2010a.
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We would like to thank the Editor and the anonymous reviewers for their insightful and constructive comments. This research was supported by the National Natural Science Foundation of China (NSFC No. 71272135, 71132006, 72572142).
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Yi, Y., Li, Y., Hitt, M.A. et al. The influence of resource bundling on the speed of strategic change: Moderating effects of relational capital. Asia Pac J Manag 33, 435–467 (2016). https://doi.org/10.1007/s10490-016-9458-z