How Does Strategic Choice Affect Business Results? A Case Study of Mutual Guarantee Societies

Pedro Núñez-Cacho Utrilla, Félix Angel Grande Torraleja, Agustín Muñoz Vázquez, Manuel Aranda Ogáyar


We analyzed the relationship between various strategies and the results for certain strategic variables for Mutual
Guarantee Societies (MGSs). After performing a factor analysis, three types of strategies were
identified. Subsequently, cluster analysis allowed us to group the MGSs into four clusters. The information
obtained from this analysis suggests that MGS results are conditioned by their strategies.

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