The Role of Competitive Action in Market Share Erosion and Industry Dethronement: A Study of Industry Leaders and Challengers

Market share erosion and dethronement of market leaders are examined through the lens of "Austrian" economics. Our results suggest that leaders are more likely to experience market share erosion and/or dethronement when--relative to industry challengers--they are less competitively aggress...

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Veröffentlicht in:	Academy of Management journal 1999-08, Vol.42 (4), p.372-388
Hauptverfasser:	Ferrier, Walter J., Smith, Ken G., Grimm, Curtis M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Aggression Austria Behavior Competition Competitiveness Corporate strategies Economic competition Economic concentration Entrepreneurship Extractive industries Hypotheses Industrial concentration Industrial economics Industrial market Industrial research Leadership Market erosion Market positioning Market segments Market share Market shares Market structure Market theory Modeling Polyesters Rivalry Statistical analysis Strategic management Strategic planning Studies
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Beschreibung
Zusammenfassung:	Market share erosion and dethronement of market leaders are examined through the lens of "Austrian" economics. Our results suggest that leaders are more likely to experience market share erosion and/or dethronement when--relative to industry challengers--they are less competitively aggressive, carry out simpler repertoires of actions, and carry out competitive actions more slowly. These findings, based on seven years of data collected in 41 industries, contribute to research on hypercompetition, organizational decline, and competitive dynamics.
ISSN:	0001-4273 0000-1427 1948-0989
DOI:	10.5465/257009