POSTULATING THEORY SYNTHESIZATION FOR STRATEGIC ALLIANCE AND COMPETITIVE ADVANTAGE SUCCESS IN NIGERIA

Henry Sonna Ojukwu

Abstract


Irrespective of country and economy, organizations around the globe are constantly scanning for ways to enhance their competitive position for sustained industry performance amidst heightened competition. Rather than competing against each other, these firms view themselves as strategic partners for long-term industry relationships. To this end, the study analyzed how theoretical Synthesization would greatly influence the positional standing of aligning firms. To achieve the study intent, the scoping review approach was employed. Study materials were mainly journal articles sourced from academic search engines and institutional databases. The study clearly states that regarding strategic alliance and competitive advantage, the essence of possessing rare, uncopiable, and non-substitutability organizational resources should be for inter-organizational purposes rather than individualist exploitation.


Keywords


Strategic Alliance; Competitive Advantage; Resource Based-View Theory; Resource Dependence Theory; Resource-Based-Dependence Theory



DOI: http://dx.doi.org/10.19166/ms.v4i2.7950

Full Text:

PDF

References


Adekunle, O., & Owolabi, B. (2022). RCE based theory on entrepreneurship in Nigeria. International Journal of Management Science and Business Analysis, 24(7), 159–174.

Akewushola, R. O., Tijani, A. A., & Adelekan, S. A. (2018). Strategic alliance and firm performance: A focus on service industry. Crawford Journal of Business & Social Sciences, 8(2), 84–91.

Asante, B. E., & Adu-Damoah, M. (2018). The impact of a sustainable competitive advantage on a firm’s performance: Empirical evidence from Coca-Cola Ghana limited. Global Journal of Human Resource Management, 6(5), 30–46. http://www.eajournals.org/

Chang, H., Fernando, G. D., Srinivasan, D., & Triparty, A. (2020). Productivity spillovers in supply chain networks. International Journal of Accounting Auditing and Performance Evaluation, 16, 230–248. https://doi.org/10.1504/IJAAPE.2020.112713

Chen, R. R., Chen, K., & Ou, C. X. J. (2023). Facilitating inter-organizational trust in strategic alliances by leveraging blockchain-based systems: Case studies of two Eastern Banks. International Journal of Information Management, 68, 102–521 https://doi.org/10.1016/j.ijinfomgt.2022.102521

Chen, Y. (2022). The impact of strategic alliance on corporate performance: Evidence from Tesla. ICEMED: Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development 2022, 219, 206–212 https://doi.org/10.2991/aebmr.k.220603.036

Chinyoka, S. (2020). The effects of resource dependence and resource-based theories on bricolage in social enterprises. International Journal of Economics, Business and Management Research, 4(1), 85–95.

Collier, Z. A., Wood, M. D., & Henderson, D. A. (2022). Balancing risk and trust for strategic alliance formation decisions. Journal of Strategy and Management, 15(4), 509–523. https://doi.org/10.1108/JSMA-03-2021-0067

Ezenwa, J. (2023, Agustus 23). Strategic alliance. Linkedln. https://www.linkedin.com/pulse/strategic-alliance-joseph-ezenwa/

Fu, Q. (2022). How innovation is created: A conceptual framework from a knowledge-based view. Proceedings of the 23rd European Conference on Knowledge Management, ECKM 2022, 23 (1), 406–414. http://dx.doi.org/10.34190/eckm.23.1.629

Gómez-Prado, R., Alvarez-Risco, A., Cuya-Velásquez, B. B., Arias-Meza, M., Campos-Dávalos, N., Juarez-Rojas, L., Anderson-Seminario, M. D. LM., Del-Aguila-Arcentales, S., & Yáñez, J. A. (2022). Product innovation, market intelligence and pricing capability as a competitive advantage in the international performance of startups: case of Peru. Sustainability, 14(17), 1–21. https://doi.org/10.3390/su141710703

Heatly, S. (2018, November 21). The low-down on resource dependence theory. Perkbox. https://www.perkbox.com/uk/resources/blog/the-low-down-on-resource-dependence-theory

Holdford, D. A. (2018). Resource-based theory of competitive advantage – a framework for pharmacy practice innovation research. National Library of Medicine, 16(3), 1–11. https://doi.org/10.18549%2FPharmPract.2018.03.1351

HRZone. (n.d.). What is Resource Dependence Theory (RDT)? Resource Dependence Theory (RDT) definition. https://hrzone.com/glossary/what-is-resource-dependence-theory-rdt/

Ikpoto. E. (2023, October 06). SMEs closing shops on daily basis, says NASSI. PUNCH. https://punchng.com/smes-closing-shops-on-daily-basis-says-nassi/

Intribe. (2022, July 13). Brand fails: The worst partnership ever. Intribe. https://www.intribe.co/blog/brand-fails-the-worst-partnerships-ever

Janse, B. (2023, August 29). Resource dependence theory (RDT). Toolshero. https://www.toolshero.com/management/resource-dependence-theory-rdt/

Junaidu, A. S., Bature, G., & Zuru, L. N. (2019). Strategic alliance and performance of textile industry: Empirical evidence from Kano, Nigeria. International Journal of Research and Scientific Innovation, 6(5), 238–245. https://rsisinternational.org/journals/ijrsi/digital-library/volume-6-issue-5/238-245.pdf

Kalia, V. (2019, August 13). Strategic alliance: What is it, types, benefits & why you need it. WorkSpan. https://www.workspan.com/blog/strategic-alliance-definition

Kanagaretnam, K., &Thevaranjan, A. (2021). The value of trust and fairness in alliances: An economic perspective. Theoretical Economics Letters, 11(2), 166–185. http://dx.doi.org/10.4236/tel.2021.112012

Khouroh, U., Abdullah, F., & Handayani, K. (2019). The role of strategic alliance in mediating the relationship between conservational dynamism and sustainable competitive advantage. International Journal of Scientific & Technology Research, 8(9), 469–475. http://www.ijstr.org/final-print/sep2019/The-Role-Of-Strategic-Alliance-In-Mediating-The-Relationship-Between-Environmental-Dynamism-And-Sustainable-Competitive-Advantage.pdf

Lopez, I. (2024, April 8). What is a strategic alliance? How to make it work. ReferralRock. https://referralrock.com/blog/strategic-alliances/

Lubis, N. W. (2022). Resource based view (RBV) in improving company strategic capacity. Research Horizon, 2(6), 587–596. https://doi.org/10.54518/rh.2.6.2022.587-596

Mathuki, P. M., Ogutu, M., Ndemo, B., & Pokhariyal, G. P. (2019). The link between strategic alliances and performance of Kenyan manufacturing firms in the East African community market. International Journal of Contemporary Applied Research, 6(6), 67–91. https://ijcar.net/assets/pdf/Vol6-No6-June2019/8.-THE-LINK-BETWEEN-STRATEGIC-ALLIANCES-AND-PERFORMANCE-OF-KENYAN-MANUFACTURING-FIRMS-IN-THE-EAST-AFRICAN-COMMUNITY-MARKET.pdf

Michael, I., & Chika, C. A. (2018). Small and medium scale enterprises and industrial growth in Nigeria. International Journal of Small Business and Entrepreneurship Research, 6(6), 1–13. http://dx.doi.org/10.36108/unizikjb/8102.10.0290

Muteshi, D. C., & Awino, Z. B. (2018). Strategic alliances and performance of food and beverage manufacturing companies in Kenya. DBA Africa Management Review, 8(1), 86–98. http://journals.uonbi.ac.ke/damr

Muthoka, R., Kilika, J., & Muathe, S. (2021). Strategic alliance among small and medium enterprises: Firm-based motives in the manufacturing sector in Kenya. International Journal of Economics, Commerce and Management, 9(11), 334–359.

Nagle, F., Seamans, R., & Tadelis, S. (2021). Transaction cost economics in the digital economy: A research agenda. Harvard Business School. https://www.hbs.edu/ris/Publication%20Files/21-009_93af5aea-aa7e-4985-8d7a-7cb65cb51c7a.pdf

Nicky, N. (2020, March 26). Resource Dependence Theory (RDT). Prezi. https://prezi.com/3am9urmfnjse/resource-dependence-theory-rdt/

Nwafor, A. (2024, June 17). Multinationals exit costs Nigeria N94tn in five years. PUNCH. https://punchng.com/multinationals-exit-costs-nigeria-n94tn-in-five-years/

Nwokocha, V., & Madu, I. A. (2020). Strategic alliance and its influence on the performance of small- and medium-scale enterprises in enugu state, Nigeria. Global Journal of Emerging Market Economies, 12(1), 1–18. http://dx.doi.org/10.1177/0974910119896634

Obioma, O. (2017). Review of public administration and management aligning small and medium enterprises for competitiveness in Nigeria: The role of strategic alliance. Review of Public Administration and Management, 5(2), 1–8. http://dx.doi.org/10.4172/2315-7844.1000215

Oketcho, W. (2023, December 9). Resource dependency theory explained. Research Consultant Uganda. https://researchconsultuganda.com/2023/12/09/resource-dependency-theory-explained/

Okwara, E. C. (2023). A review of the implications of brain drain on nigeria’s health and educational systems. Mediterranean Journal of Social Sciences, 14(5), 8–15. http://dx.doi.org/10.36941/mjss-2023-0028

Salam, A. M., Ali, M., & Kan, K. O. S. (2017). Analyzing supply chain uncertainty to deliver sustainable operational performance: Symmetrical and asymmetrical modeling approaches. Sustainability, 9 (12), 1–17. http://dx.doi.org/10.3390/su9122217

Sayyadi, M., & Provitera, M. J. (2023, March 5). Resource-based and knowledge-based theory of competitive advantage: How to compete on resources. The European Financial Review. https://www.europeanfinancialreview.com/resource-based-and-knowledge-based-theory-of-competitive-advantage-how-to-compete-on-resources/

Silindile, N. (2024). Scoping reviews. https://ched.uct.ac.za/sites/default/files/content_migration/ched_uct_ac_za/1072/files/Scoping%2520reviews.pdf

Sohrabi, R., Rahmani, M., & Roshani, S. (2021). Strategic alliance and partnership in organizations: An overview of foundations. Turkish Journal of Computer and Mathematics, 12(1), 546–562

Stijn, M. (n.d.). Transaction cost economics. Open Educational Resources Collective. https://oercollective.caul.edu.au/principles-strategic-management-accounting/chapter/chapter-2-transaction-cost-economics/

Sukma, A. (2018). Perspektif the resource based view (RBV) dalam membangun competitive advantage. Ad-Deenar: Jurnal Ekonomi dan Bisnis Islam, 1(1), 75–89. http://dx.doi.org/10.30868/ad.v1i01.229

The Nigerian Business Weekly. (2024, March 10). In Nigeria, 767 manufacturing businesses closed operation, leaving N350 billion worth of unsold goods in 2023. Linkedin. https://www.linkedin.com/pulse/nigeria-767-manufacturing-businesses-closed-1x3qf/

Tomasco, R. (2024, Januari 30). Unlocking global growth: The power of strategic alliances and partner relationships. Reesmarxglobal. https://reesmarx.com/blog-post/unlocking-global-growth-the-power-of-strategic-alliances-and-partner-relationships/

Ugwu J. N., Maduagwu, E. N., & Onoh, N. C. S. (2018). Leveraging strategic alliance in partnering for competitiveness: The place of small businesses in Nigeria. Journal of Multidisciplinary Discoveries, 26(26), 43–49. https://europub.co.uk/articles/-A-324276

University of Sunderland. (2021, March 12). Bounded rationality: To jab or not to jab. Bounded Rationality. https://london.sunderland.ac.uk/about/news-home/research-news/bounded-rationality/

Utami, H., & Alamanos, E. (2023). Resource-based theory: A review. In S. Papagiannidis (Eds.), TheoryHub Book (pp. 93–108). https://open.ncl.ac.uk/ISBN:9781739604400

Vaidya, D. (2024, May 24). Strategic alliances. WallStreetMojo https://www.wallstreetmojo.com/strategic-alliances/

Valentinov, V., & Roth, S. (2024).Relationality in transaction cost economics and stakeholder theory: A new conceptual framework. Business Ethics, The Environment & Responsibility, 33(5), 535–546. http://dx.doi.org/10.1111/beer.12652

Yuga, A., & Widjaja, A. W. (2020). Is the RBV theory important for MSMEs?: Competitive advantage analysis of tokopedia seller with resource based theory views. SSRN, 20, 1–14. https://dx.doi.org/10.2139/ssrn.3581838

Zehir, C., Findikli, M., & Çeltekligil, K. (2019). Resource dependence theory, firm performance and producers-suppliers relationships. The European Proceedings of Social & Behavioural Sciences, 160–172 https://dx.doi.org/10.15405/epsbs.2019.01.02.14


Refbacks

  • There are currently no refbacks.


Copyright (c) 2024 Henry Sonna Ojukwu

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

favicon  Fakultas Ekonomi dan Bisnis | Universitas Pelita Harapan | Kampus Universitas Pelita Harapan | Gedung F Lt. 12 | Lippo Karawaci, Tangerang - 15811 | Telp 021-5460901 | Fax 54210992

Flag Counter
slot gacor slot gacor hari ini slot gacor 2025 demo slot pg slot gacor slot gacor