In the evolution of the Taiwanese steel industry, the behavior of steel firms - both in the micro-perspective of firm-level behavior and in the macro-perspective of industry-level behavior - has played a complicated role in ensuring the effectiveness of the government's industrial policies....

Although the importance of strategy for firm performance has been studied, little evidence has been offered regarding this linkage in hostile environments characterized by a lack of exploitable market opportunity and fiercer competition. This study aims to examine the viability of strategic...