Varieties of Competitive Parity  

Oleh:

Powell, Thomas C.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 24 no. 1 (2003), page 61-86.
Topik: competitiveness; strategy; performance; competitive dominance; competitive parity

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.11 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Strategy research explains why some firms outperform others, typically using profit rates, shareholder returns, and other continuous dependent variables. This paper investigates winning as the dependent variable, as measured by distributions of annual industry leadership in profits and returns to investors. This shift in dependent variable introduces alternative nullmodels of competitive parity, including skew distributions derived from the natural sciences, and empirical distributions from non business domains suchh as chess, politics, sports and beauty pageants. An empirical study of 20 - year leadership in U. S. industries shows that performance distributions in business follow statistical power laws resembling those in natural phenomena, and closely reseble distributions found in sports, politics and other non business domains. The results support a presumption of persistent performance advantages in business, but show that business outcomes are indistinguishable from outcomes in the wider scientific and competitive landscape, and are amenable to explanation using relatively simple heuristics. The paper shows how the choice of null model shapes firm performance explanations, and explores the consequences of a more inclusive approach to null models in strategy research.

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