The Impact of Resources on the Adaptability of State Forest Companies. Some Evidence from the State Forests National Forest Holding

Abstract

Structural, economic, and climate changes human activity and the growing complexity of the business environment significantly affect the forestry sector, which faces the need to adapt to the dynamically changing environment by strategic development of appropriate resources and skills. In this paper, we attempted to take on the managerial lens of dynamic capabilities, i.e., the abilities to adapt to the changes in the business environment to analyze whether the forestry sector is able to strategically develop resources that influence adaptability. We have attempted to demonstrate how the resources of the forest enterprises affect the adaptability described by the dynamic capabilities construct. Bearing in mind the importance of State Forests, we collected data from 129 forest districts in Poland and applied the ordered logistic regression to identify models that show the impact of specific categories of resources onto the forestry sector adaptability, described by the construct of dynamic capabilities. The results suggest that the forest districts strategically investing in technological, as well as human resources and skills, have higher chances of maintaining and developing the ability to adapt to the constantly changing economic environment. At the same time, our findings show that financial, reputational, and marketable resources and skills have no impact on the adaptability of the State Forests National Forest Holding.