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Record W3138701892 · doi:10.1002/cjas.1609

Risky business: How strategy relates to survival

2021· article· en· W3138701892 on OpenAlexafffundvenue
Stewart Thornhill, Roderick E. White, Michael E. Raynor

Bibliographic record

VenueCanadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l Administration · 2021
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicFirm Innovation and Growth
Canadian institutionsWestern University
FundersSocial Sciences and Humanities Research Council of Canada
KeywordsRobustness (evolution)AdaptabilityBusiness failureLongitudinal dataStrategic managementFunction (biology)BusinessActuarial scienceEconomicsOperations managementMarketingComputer scienceManagementFinanceData mining

Abstract

fetched live from OpenAlex

Abstract This research explores the relationship between business strategy and survival. Seven annual panels of longitudinal data enable us to study riskiness (likelihood of failure) as a function of business strategy. We find failure rates are higher for those businesses with purer strategy positions. Two mechanisms are offered as potential explanations for this result: robustness and adaptability. While prior research has found pure strategies have higher returns, our findings suggest that pursuing a hybrid strategy may be an entirely reasonable choice, balancing risk and return.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.003
metaresearch head score (Gemma)0.030
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.006
Threshold uncertainty score0.020

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0030.030
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0000.001
Scholarly communication0.0030.002
Open science0.0010.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0060.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.150
GPT teacher head0.297
Teacher spread0.147 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations3
Published2021
Admission routes3
Has abstractyes

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