The Paradox of Success: Fact or Fiction?

D 2021

The Paradox of Success: Fact or Fiction?

ŠIROKÁ, Pavlína, Róbert MUDROŇ a Michal JIRÁSEK

Základní 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.

Citovat

ŠIROKÁ, Pavlína, Róbert MUDROŇ a Michal JIRÁSEK. The Paradox of Success: Fact or Fiction? In Florinda Matos, Maria de Fátima Ferreiro, Álvaro Rosa, Isabel Salavisa. Proceedings of the 16th European Conference on Innovation and Entrepreneurship. Reading: Academic Conferences International, 2021, s. 910-919. ISBN 978-1-914587-09-2.

@inproceedings{1790933,
   author = {Široká, Pavlína and Mudroň, Róbert and Jirásek, Michal},
   address = {Reading},
   booktitle = {Proceedings of the 16th European Conference on Innovation and Entrepreneurship},
   editor = {Florinda Matos, Maria de Fátima Ferreiro, Álvaro Rosa, Isabel Salavisa},
   keywords = {replication; Paradox of success; strategic decision making; airline industry; deregulation},
   howpublished = {tištěná verze "print"},
   language = {eng},
   location = {Reading},
   isbn = {978-1-914587-09-2},
   pages = {910-919},
   publisher = {Academic Conferences International},
   title = {The Paradox of Success: Fact or Fiction?},
   year = {2021}
}

TY  - JOUR
ID  - 1790933
AU  - Široká, Pavlína - Mudroň, Róbert - Jirásek, Michal
PY  - 2021
TI  - The Paradox of Success: Fact or Fiction?
PB  - Academic Conferences International
CY  - Reading
SN  - 9781914587092
KW  - replication
KW  - Paradox of success
KW  - strategic decision making
KW  - airline industry
KW  - deregulation
N2  - 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.
ER  -

ŠIROKÁ, Pavlína, Róbert MUDROŇ a Michal JIRÁSEK. The Paradox of Success: Fact or Fiction? In Florinda Matos, Maria de Fátima Ferreiro, Álvaro Rosa, Isabel Salavisa. \textit{Proceedings of the 16th European Conference on Innovation and Entrepreneurship}. Reading: Academic Conferences International, 2021, s.~910-919. ISBN~978-1-914587-09-2.

Podrobný výpis o publikaci