Empirical Analysis Of The Relationship Between The Strategic Flexibility And The Operational Performance

Enterprises' achievement is the important part of business administration, but how to carry out enterprise achievement' s valuation and how to improve the performance by modulating the influencing factors are the problems requiring us to study. Recently, a lot of scholars have already paid close attention to influence of the enterprise strategy flexibility to the enterprises' achievement, and taken it as an important study item on how to improve enterprises' quality. But because of the variability and uncertainty of the environment of enterprises' operation, and the too many affecting factors to the enterprises' performance, the estimating of the result thereby also has some differences.With the change of operational environment and the improvement of management ideas, the strategic management method is also correspondingly developing unceasingly. Meanwhile the enterprise' s strategy flexibility is regarded highly by enterprise director or decision-maker. Under the currently globalization background, the competition among enterprises has being become extraordinarily fierce. So it is the key factor to the enterprises that how they adapt to outside environment changes rapidly. So they are able to do out by higher strategy flexibility to uncertain environment. The key of strategy lies in resource integrating and optimization deploying, so the enterprise strategy flexibility builds up by the resources they own, namely operational strategy flexibility and financial strategy flexibility.After the study of the documents about the enterprises' operational performance and the enterprises' strategy flexibility, the thesis takes our country' s listed companies as the study sample, because their high grade is able to satisfy the requirements comparatively to the study at present because of the listed companies are that their administration is relatively more standard, assets is relatively better and more facility to wield strategy operation compared to other enterprises of our country; Another aspect , the financial information of listed companies are all the results which audited by the accounting firms, therefore also comparatively more trustable to other unlisted companies. The thesis chooses the primary financial indexes from the financial information of the sample based in the need of enterprises' decision-maker, and set the indexes of enterprises' strategy flexibility and the operational performance. After concentrating variables by the factor analysis and weighs them by the difference analysis to carry out comprehensive analysis on strategy flexibility, and wielding clustering and difference analysis to evaluate the performance indexes and distinguish the performance of sample into three kinds: excellent , medium and bad grades, the thesis set the correlativity models between the strategy flexibility and operational management performance, and wield the methods of multi-variant return, correlativity checkout, parameter checkout and verification analysis on the model and the hypothesis. The result of the study indicates that, the index clustering and method difference analysis of the indexes of the operational performance can pin up excellent, medium or bad enterprises' achievement , at the same time, the relation between the enterprises' strategy flexibility indexes and their operational performance indexes exists reverses U type nonlinear correlativity; Enterprises' operational management strategy flexibility indexes have strong notable correlativity between achievement. In all, it can help the enterprises' directors recognize to raise the ability of assets' operation in daily and make full use of the resources they own, hold certain resource rationally, and keep appropriate strategy flexibility as to improve the enterprise performance.