Why Do Firms Imitate Each Other?

Why Do Firms Imitate Each Other?

Scholars from diverse disciplines have proposed numerous theories of business imitation. We organize these theories into two broad categories: (1) information-based theories, where firms follow others that are perceived as having superior information, and (2) rivalry-based theories, where firms imit...

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Veröffentlicht in:The Academy of Management review 2006-04, Vol.31 (2), p.366-385
Hauptverfasser: Lieberman, Marvin B., Asaba, Shigeru
Format: Artikel
Sprache:eng
Schlagworte:
Business management
Business strategies
Business studies
Competitive advantage
Cultural imitation
Economic networks
Firm theory
Organization theory
Organizational behavior
Studies
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Zusammenfassung:Scholars from diverse disciplines have proposed numerous theories of business imitation. We organize these theories into two broad categories: (1) information-based theories, where firms follow others that are perceived as having superior information, and (2) rivalry-based theories, where firms imitate others to maintain competitive parity or limit rivalry. We describe conditions under which each type of imitation is most likely and offer guidance on identifying imitation in practice. Amplification effects and other performance implications of imitation are also addressed. [PUBLICATION ABSTRACT]
ISSN:0363-7425
1930-3807
DOI:10.5465/AMR.2006.20208686