Practice makes profit: Business practices and firm success

Small Business Economics

Volumn 29, Issue 4, 2007, Pages 383-399

  Fabling, Richard B ^a   Grimes, Arthur ^b  

^a Ministry of Economic Development   (New Zealand)

^b MOTU ECONOMIC AND PUBLIC POLICY RESEARCH   (New Zealand)

Author keywords

Business practices; Firm performance; Firm success; HR practices; Innovation

Indexed keywords

EID: 35648945293     PISSN: 0921898X     EISSN: 15730913     Source Type: Journal    
DOI: 10.1007/s11187-006-9000-7     Document Type: Article

References (40)

1. Aghion P., P. Howitt (1998) Endogenous Growth Theory. MIT Press, Cambridge, MA
2. Amit R., Shoemaker P. J. H. (1993) "Strategic Assets and Organisational Rent". Strategic Management Journal 14(1):33-46
3. Ansoff H. I. (1987) Corporate Strategy, Revised Edition. Penguin Books, Harmondsworth
4. Australian Manufacturing Council, 1994, Leading the Way - A Study of Best Manufacturing Practices in Australia and New Zealand, Melbourne
5. Barney J. B. (2002) Gaining and Sustaining Competitive Advantage 2nd edition. Prentice Hall, New Jersey
6. Barney J. B., Arikan A. M. (2001) The Resource-Based View: Origins and Implications. In: Hitt M. A., et al (eds). The Blackwell Handbook of Strategic Management. Blackwell, Oxford
7. Baumol W. (2002) The Free-Market Innovation Machine. Princeton University Press, Princeton
8. Bertrand M., Mullainathan S. (2001) "Do People Mean What They Say? Implications for Subjective Survey Data". American Economic Review (Papers and Proceedings) 91(2):67-72
9. Bloom, N., S. Dorgan, J. Dowdy, J. Van Reenan and T. Rippin, 2005, Management Practices Across Firms and Nations, Centre for Economic Performance, London School of Economics
10. Bresnahan, T. F., E. Brynjolfsson and L.M. Hitt, 1999, Information Technology, Workplace Organisation, and the Demand for Skilled Labour, NBER Working Paper No. 7136, Cambridge Mass: NBER
11. Campbell-Hunt, C., J. Brocklesby, S. Chetty, L. Corbett, S. Davenport, D. Jones and P. Walsh, 2001, World Famous in New Zealand: How New Zealand's Leading Firms Became World Class Competitors, Auckland: Auckland University Press
12. Day G. S. (1990) Market Driven Strategy: Processes for Creating Value. The Free Press, New York
13. Eisenhardt K. M., Martin J. A. (2000) Dynamic Capabilities: What are They?. Strategic Management Journal 21(10):1105-1121
14. Fabling, R. and A. Grimes, 2003, Practice Makes Profit: Business Practices for Firm Success, Paper presented to New Zealand Association of Economists Conference, Auckland
15. Grant R. M. (1998) Contemporary Strategy Analysis 3rd edition. Blackwell, Oxford
16. Griliches Z. (1994) R&D and Productivity: The Econometric Evidence. University of Chicago Press, Chicago
17. Haltiwanger J., J. Lane, J. Speltzer (1999) "Productivity Differences Across Employers: The Roles of Employer Size, Age, and Human Capital". American Economic Review 89(2):94-98
18. Haltiwanger, J., J. Lane and J. Speltzer (2000) Wages, Productivity, and the Dynamic Interaction of Businesses and Workers, NBER Working Paper No. 7994, Cambridge Mass: NBER
19. Hewitt-Dundas N., S. Roper (2001) Strategic Re-Engineering: Small Firms' Tactics in a Mature Industry. Small Business and Enterprise Development 8(3):317-336
20. Ichniowski C., K. Shaw, G. Prennushi (1997) The Effects of Human Resource Management Practices on Productivity: A Study of Steel Finishing Lines. American Economic Review 87(3 June):291-313
21. Kelejian, H.H. and S.W. Black (1970), 'A Macro Model of the US Labor Market', Econometrica 38(5), September
22. Knuckey, S., J. Leung-Wai and M. Meskill, 1999, Gearing Up: A Study of Best Manufacturing Practice in New Zealand, Wellington: Ministry of Commerce
23. Knuckey, S., H. Johnston, C. Campbell-Hunt, K. Carlaw, L. Corbett and C. Massey, 2002, Firm Foundations: A Study of New Zealand Business Practices & Performance, Wellington: Ministry of Economic Development, www.med.govt.nz/ irdev/ind_dev/firm-foundations/firm-foundations.pdf
24. Lazear Edward (2000) Performance Pay and Productivity. American Economic Review 90(5):1346-1361 December
25. Makadok R. (2001) Toward a Synthesis of the Resource-Based and Dynamic Capability Views of Rent Creation. Strategic Management Journal 22:387-401
26. Ministry of Economic Development, 2003, SMEs in New Zealand: Structure and Dynamics, September, Wellington
27. Mintzberg H., Ahlstrand B., Lampel J. (1998) Strategy Safari: A Guided Tour Through the Wilds of Strategy Management. Prentice Hall, London
28. Nickell S. and D. Nicolitsas, 2000, "Human Capital, Investment and Innovation: What are the Connections?" in R. Barrell, G. Mason and M. O'Mahony (eds.), Productivity, Innovation and Economic Performance, Cambridge: Cambridge University Press
29. Penrose E. T. (1959) The Theory of the Growth of the Firm. Basil Blackwell, Oxford
30. Porter M. E. (1980) Competitive Strategy: Techniques for Analyzing Industries and Competitors. The Free Press, New York
31. Porter M. E. (1985) Competitive Advantage: Creating and Sustaining Superior Performance. The Free Press, New York
32. Reserve Bank of New Zealand, 2005, Monetary Policy Statement, June, Wellington
33. Roper S. (1998) Entrepreneurial Characteristics, Strategic Choice and Small Business Performance. Small Business Economics 11(1):11-24
34. Spanos Y. E., Lioukas S., (2001) An Examination into the Causal Logic of Rent Generation: Contrasting Porter's Competitive Strategy Framework and the Resource-Based Perspective. Strategic Management Journal 22:907-934
35. Statistics New Zealand, 2002, Business Practices Survey: Technical Report, Wellington
36. Syverson C., (2004) "Product Substitutability and Productivity Dispersion". Review of Economics and Statistics 86:534-550
37. Teece D. J., Pisano G., Shuen A., (1997) Dynamic Capabilities and Strategic Management. Strategic Management Journal 18(7):509-533
38. UK Treasury, 2000, Productivity in the UK: The Evidence and the Government's Approach, November, London
39. Varadarajan P. R., Jayachandran S. (1999) Marketing Strategy: An Assessment of the State of the Field and Outlook. Journal of Marketing Science 27(2):120-143
40. Wernefelt B., (1984) A Resource-Based View of the Firm. Strategic Management Journal 5:171-180