Case Study: The Spanish Wine Industry
This scholarly article assesses the elements of competitive advantage in the Spanish wine industry. Strategy, resources, capability, and managerial ability all affect a firm's competitive advantage.
Results
Results for cooperatives
In Table 18 the study reports the regression values for cooperatives. To establish conclusions the significance level is set at 0.05. The adjusted has a value of 0.260 in the full model and shows the overall significance. The results show that
the control variable "internal rivalry" has the highest beta value (0.502) and a high significance level (0.012). With regard to strategies, there are none that explain performance, however the authors find a negative value for the innovation strategy,
with a significance level of 0.049. In terms of resources and capabilities in relation to performance, technological capabilities has a beta value of 0.414 and a statistical significance of 0.022, the managerial capabilities variable is not statistically
significant. Thus, for cooperatives, the study confirms hypothesis 1 but rejects hypothesis 2, 3.1 and 3.2.
Table 18. Regression analysis for cooperative wineries.
Variables | Base model | Base model + strategy | Full model | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
β | t | sig | sd | β | t- | sig | sd | β | t- | sig | sd | |
(1) Internal Rivalry | .173 | 1.200 | .237 | .109 | .345 | 1.732 | .092 | .152 | .502 | 2.662 | .012 | .143 |
(2) Assets | .284 | 1.967 | .056 | .092 | .207 | 1.252 | .219 | .104 | .171 | 1.084 | .286 | .115 |
(3) Efficiency Strategy | .099 | .589 | .559 | .108 | -.176 | -1.007 | .321 | .112 | ||||
(4) Marketing Strategy | .053 | .298 | .768 | .153 | .047 | .318 | .753 | .150 | ||||
(5) Innovation Strategy | -.121 | -.663 | .512 | .148 | -.400 | -2.051 | .049 | .159 | ||||
(6) Low Price Strategy | .104 | .624 | .537 | .158 | -.005 | -.030 | .977 | .146 | ||||
(7) Small Market and Product Strategy | .233 | 1.455 | .155 | .148 | .228 | 1.497 | .144 | .141 | ||||
(8) Technological Capability | .414 | 2.402 | .022 | .169 | ||||||||
(9) Managerial Capability | .200 | 1.231 | .227 | .148 | ||||||||
R2 | 0.126 | 0.238 | 0.423 | |||||||||
Adjusted R2 | 0.086 | 0.086 | 0.260 | |||||||||
Change in R2 | 0 | 0.174 |