Strategizing by the government: : Can industrial policy create firm-level competitive advantage?

• Autores: Segio G. Lazzarini
• Localización: Strategic management journal, ISSN 0143-2095, Vol. 36, Nº 1, 2015, págs. 97-112
• Idioma: inglés
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• Dialnet Métricas: 4 Citas
• Resumen

  • Despite the prevalence of governmental action devised to foster firms and industries, the link between industrial policy (IP) and competitive advantage has received scant attention in strategic management. I propose a model where such a link is mediated by the accumulation and churning of local resources and capabilities. I also introduce the concept of support-adjusted sustainable competitive advantage (SASCA), which occurs if a firm's observed performance is superior to the expected performance of competitors had they received the same array of policies. I argue that achieving SASCA through IP is a difficult endeavor and requires the interplay of three conditions: insertion in global production networks, geographical specificity, and governmental capability. Thus, the model expands the potential determinants of competitive advantage into the context of governmental intervention.