Journal
STRATEGIC MANAGEMENT JOURNAL
Volume 36, Issue 5, Pages 758-775Publisher
WILEY
DOI: 10.1002/smj.2245
Keywords
competitive dynamics; competition-cooperation; strategic management; stakeholder theory; competitive strategy
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Funding
- Batten Institute
- Darden Foundation of the University of Virginia
- Social Sciences and Humanities Research Council of Canada
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Competitive dynamics research, despite progress, lacks a conceptual framework that can extend the field's reach to address today's environment. Increasing stakeholder power and globalization are but two of the organizational and economic forces compelling a broader conceptualization of competition. Our framework expands competitive dynamics along five dimensionsaims of competition, mode of competing, roster of actors, action toolkit, and time horizon of interactionthat prove useful for contrasting the rivalrous and competitive-cooperative modes and a new approach we call relational competition. We draw conjectures about the moderators, such as industry and culture, that determine the appropriateness of these forms of interaction, and conclude by relating our method to three discrete perspectives: the configurational, transaction cost, and stakeholder views. Copyright (c) 2014 John Wiley & Sons, Ltd.
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