Abstract
This paper develops a theoretical foundation for rethinking business performance in global value chains amid the Covid-19 fallout. Specifically, we synthesize business performance into three potentially reinforcing but also conflicting performance systems: 1) operational efficiency, 2) market effectiveness and 3) financial resilience to examine their effect on a) profitability, b) growth and c) solvency. While some specific measures of business performance will suffice in times of stability and growth, they could make firms operating in global value chains vulnerable in times of adversity. Our comprehensive theoretical framework contributes to our understanding of the dynamic interplay of conflicting performance systems. We discuss implications for assessing business performance and provide directions for further research.
Original language | English |
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Pages (from-to) | 679-689 |
Number of pages | 11 |
Journal | Journal of Business Research |
Volume | 144 |
DOIs | |
Publication status | Published - May 2022 |
Bibliographical note
Publisher Copyright:© 2022 Elsevier Inc.
Keywords
- Covid-19
- Global value chains
- Performance
- Resilience