Competitive Strategy
While the pursuit of novel technological ideas is the driving force of sustained competitive advantage, managers often reject novel ideas in favor of more familiar ones. How then can managers…
Read More about Quantum leaps or baby steps?Why do some new technologies emerge and quickly supplant incumbent technologies while others take years or decades to take off? We explore this question by presenting a framework that considers…
Read More about Value creation in innovation ecosystemsWithin the capabilities‐based view of the firm, there is debate about the relative importance of ordinary and dynamic capabilities for firm performance and about the extent to which their performance…
Read More about Karna, Richter, & Riesenkampff – Capabilities & the environmentWe examine how reducing search frictions in secondary markets affects the value appropriated by firms in primary markets. We characterize two effects on primary-market firms caused by intermediaries entering secondary…
Read More about Bennett, Seamans, & Zhu – Cannibalization & option values in secondary marketsResearch streams on competition and cooperation are central to the field of strategic management but have evolved independently. The emerging literature on coopetition has brought attention to the phenomenon of…
Read More about Uriel Stettner & Dovev Lavie on ambidexterityAn established and leading firm, such as Encyclopædia Britannica, would seem to have enormous advantages over its competitors in a new market. Why would a successful firm come to have…
Read More about Shane Greenstein on the Decline of Encyclopedia BritannicaWhat determines firm outcomes in terms of acquisition, dissolution, and survival? This article answers this crucial question of strategy and elaborates on the extent to which the outcome is under…
Read More about The Nanoeconomics of FirmLevel DecisionMaking and Industry EvolutionPlatform ecosystems have spurred new products and services, sparked innovation, and improved economic efficiency in various industries and technology sectors. A distinctive feature of the platform architecture is its modular…
Read More about Platform Ecosystems as MetaorganizationsThis study examines whethersmall firms that offer health insurance to theiremployees have better performance outcomes. Eventhough health insurance is a costly investment for smallfirms, there has been scant strategy- and…
Read More about Health insurance benefits as a labor market frictionFirms that compete with business units owned by larger corporate parents face additional considerations. Such subsidiary competitors can be motivated by broader corporate considerations, shifting their objectives, and consequently, their…
Read More about Victor Bennett & Lamar Pierce on competition in complementary product markets