2021
The Paradox of Success: Fact or Fiction?
ŠIROKÁ, Pavlína, Róbert MUDROŇ a Michal JIRÁSEKZákladní údaje
Originální název
The Paradox of Success: Fact or Fiction?
Autoři
ŠIROKÁ, Pavlína, Róbert MUDROŇ a Michal JIRÁSEK
Vydání
Reading, Proceedings of the 16th European Conference on Innovation and Entrepreneurship, od s. 910-919, 10 s. 2021
Nakladatel
Academic Conferences International
Další údaje
Jazyk
angličtina
Typ výsledku
Stať ve sborníku
Obor
50204 Business and management
Stát vydavatele
Velká Británie a Severní Irsko
Utajení
není předmětem státního či obchodního tajemství
Forma vydání
tištěná verze "print"
Organizační jednotka
Ekonomicko-správní fakulta
ISBN
978-1-914587-09-2
Klíčová slova anglicky
replication; Paradox of success; strategic decision making; airline industry; deregulation
Příznaky
Mezinárodní význam, Recenzováno
Změněno: 13. 10. 2021 08:23, Ing. Michal Jirásek, Ph.D.
Anotace
V originále
The relationship between past performance, strategic change, and subsequent performance presents an important behavioral mechanism. Research in the past has identified that past success encourages strategic persistence supporting future success. However, this sequence breaks when environmental conditions change. This is described by a so-called Paradox of success. The paradox represents a situation in which the history of past successes induces strategic persistence that is – under a major environmental change, such as the deregulation – detrimental to subsequent firm performance as the firm fails to adapt its strategy. In our research, we looked at Audia et al.’s (2000) who empirically studied the Paradox of success. One of their studies focused on the U.S. airlines’ behavior during the industry’s deregulation in the ’70s and the early ‘80s. In our research, we attempted to replicate the original study as closely as the availability of data and the description of the methodology allowed us. In this attempt, we experienced some difficulties and were unable to gather a full data sample nor clearly identify some steps taken by the authors. Besides the actual replication, we also conducted several additional analyses that provide further insights and partially contradict the original findings. We created boxplots for the data and conducted Welch Two Sample T-tests to analyze if the findings could be attributed to regression to the mean. However, the results still provide some indication of the mechanisms hypothesized by Audia et al. (2000). Therefore, from our perspective, the actual existence of the Paradox of success remains an open question.