Same As it Ever Was : The Search for Evidence of Increasing Hypercompetition  

Oleh:

McNamara, Gerry ; Vaaler, Paul M. ; Devers, Cynthia E.

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 24 no. 3 (2003), page 261-278.
Topik: hypercompetition; hypercompetition; performance stability; sustainable advantage

Ketersediaan

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

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Isi artikel

Some strategy scholars and practitioners content that markets have become increasingly hypercompetitive in recent years. We examine this contention by analyzing industry and business performance patterns in a broad sample of firms drawn form the compustat industry segment database for the 1978 - 97 period. We find little suport for the argument that markets have become more hypercompetitive. From the late 1970s to the late 1980s we observe decreased performance and market stability increase. For strategy research, our results suggest that hypercompetitive perspectives are important but no more so now than they were in recent years. For practice, our results suggest that managers today face markets no more dynamic and opportunities to gain and sustain competitive advantage no more challenging than in the past. Accordingly, they should continue developing a portfolio of skills to manage businesses whether conditions are increasingly stable or unstable.

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