The Two Faces of Competition: Dynamic Resourcefulness and the Hypercompetitive Shift
Competition in the American economy has fundamentally changed over the last few decades, from static to dynamic. This study labels this important change the hypercompetitive shift , and documents it across 200 industries of the US manufacturing sector during I958 to 1991. For industries that undergo...
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| Veröffentlicht in: | Organization science (Providence, R.I.) R.I.), 1996-05, Vol.7 (3), p.221-242 |
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| container_title | Organization science (Providence, R.I.) |
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| creator | Thomas, L.G., III |
| description | Competition in the American economy has fundamentally changed over the last few decades, from static to dynamic. This study labels this important change the hypercompetitive shift , and documents it across 200 industries of the US manufacturing sector during I958 to 1991. For industries that undergo a hypercompetitive shift, there is an increase in the cross-firm variance in performance and a rotation in the value-rivalry relationship from a negative association to an inverted-U. As a consequence of these competitive changes, the strategic focus of firms shifts from careful exploitation of given, highly durable strategic assets to the steady creation of many new, rapidly depreciable ones.
The key driver of hypercompetitive shift is the dynamic resourcefulness of an industry, or the ease with which new strategic assets can be created. Determinants of dynamic resourcefulness include the dynamism of related transactors (notably consumers and suppliers). the knowledge base of the industry, and structural conditions that promote easy entry. |
| doi_str_mv | 10.1287/orsc.7.3.221 |
| format | Article |
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The key driver of hypercompetitive shift is the dynamic resourcefulness of an industry, or the ease with which new strategic assets can be created. Determinants of dynamic resourcefulness include the dynamism of related transactors (notably consumers and suppliers). the knowledge base of the industry, and structural conditions that promote easy entry.</description><identifier>ISSN: 1047-7039</identifier><identifier>EISSN: 1526-5455</identifier><identifier>DOI: 10.1287/orsc.7.3.221</identifier><identifier>CODEN: ORSCEZ</identifier><language>eng</language><publisher>Linthicum: INFORMS</publisher><subject>Business strategies ; Business structures ; Competition ; Competitive advantage ; dynamic competition ; Dynamic models ; dynamic resourcefulness ; Economic competition ; Extractive industries ; hypercompetitive shift ; Industrial concentration ; Industrial economics ; Industrial growth ; Industrial market ; Management ; Management science ; Manufacturing ; Organization theory ; Regression analysis ; Rivalry ; Schumpeterian competition ; Statistical variance ; Stock markets ; Studies ; U.S.A</subject><ispartof>Organization science (Providence, R.I.), 1996-05, Vol.7 (3), p.221-242</ispartof><rights>Copyright 1996 Institute for Operations Research and the Management Sciences</rights><rights>Copyright Institute for Operations Research and the Management Sciences May/Jun 1996</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c379t-4d28ce741bcbc56ff27360914e86ed0c5e48713a004b0b50119738e1e2adfaf3</citedby></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://pubsonline.informs.org/doi/epdf/10.1287/orsc.7.3.221$$EPDF$$P50$$Ginforms$$H</linktopdf><linktohtml>$$Uhttps://pubsonline.informs.org/doi/full/10.1287/orsc.7.3.221$$EHTML$$P50$$Ginforms$$H</linktohtml><link.rule.ids>314,780,784,803,3692,27924,27925,58017,58250,62616,62618</link.rule.ids></links><search><creatorcontrib>Thomas, L.G., III</creatorcontrib><title>The Two Faces of Competition: Dynamic Resourcefulness and the Hypercompetitive Shift</title><title>Organization science (Providence, R.I.)</title><description>Competition in the American economy has fundamentally changed over the last few decades, from static to dynamic. This study labels this important change the hypercompetitive shift , and documents it across 200 industries of the US manufacturing sector during I958 to 1991. For industries that undergo a hypercompetitive shift, there is an increase in the cross-firm variance in performance and a rotation in the value-rivalry relationship from a negative association to an inverted-U. As a consequence of these competitive changes, the strategic focus of firms shifts from careful exploitation of given, highly durable strategic assets to the steady creation of many new, rapidly depreciable ones.
The key driver of hypercompetitive shift is the dynamic resourcefulness of an industry, or the ease with which new strategic assets can be created. 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The key driver of hypercompetitive shift is the dynamic resourcefulness of an industry, or the ease with which new strategic assets can be created. Determinants of dynamic resourcefulness include the dynamism of related transactors (notably consumers and suppliers). the knowledge base of the industry, and structural conditions that promote easy entry.</abstract><cop>Linthicum</cop><pub>INFORMS</pub><doi>10.1287/orsc.7.3.221</doi><tpages>22</tpages></addata></record> |
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| identifier | ISSN: 1047-7039 |
| ispartof | Organization science (Providence, R.I.), 1996-05, Vol.7 (3), p.221-242 |
| issn | 1047-7039 1526-5455 |
| language | eng |
| recordid | cdi_proquest_journals_213829743 |
| source | INFORMS PubsOnLine; Business Source Complete; JSTOR Archive Collection A-Z Listing; EBSCOhost Education Source |
| subjects | Business strategies Business structures Competition Competitive advantage dynamic competition Dynamic models dynamic resourcefulness Economic competition Extractive industries hypercompetitive shift Industrial concentration Industrial economics Industrial growth Industrial market Management Management science Manufacturing Organization theory Regression analysis Rivalry Schumpeterian competition Statistical variance Stock markets Studies U.S.A |
| title | The Two Faces of Competition: Dynamic Resourcefulness and the Hypercompetitive Shift |
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