Business strategy, technology policy and firm performance

Shaker A. Zahra, Jeffrey G. Covin

Research output: Contribution to journalArticlepeer-review

528 Scopus citations


This paper presents a study of the relationships among select business strategy dimensions, technology policy dimensions, and firm performance. The research sought to identify how these variables interrelate at the bivariate and multivariate levels. Data were collected from 103 manufacturing‐based firms representing 28 mature industries. Results show that technology policy choices vary widely across firms with different business strategies, and that business strategy affects the strength of the relationship between firm performance and particular technology policies.

Original languageEnglish (US)
Pages (from-to)451-478
Number of pages28
JournalStrategic Management Journal
Issue number6
StatePublished - Sep 1993


  • Technology policy
  • business strategy
  • company performance
  • fit
  • mature industries


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