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| 001 | 1082309512237 | ||
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| 005 | 20190211175603.0 | ||
| 008 | 110823s2010 xx ||||gr |0|| 0 eng d | ||
| 100 | 1 |
_aPACHECO-DE-ALMEIDA, Gonçalo _945410 |
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| 245 | 1 | 0 | _aErosion, time compression, and self-displacement of leaders in hypercompetitive environments |
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_aU.S.A : _bWiley-Blackwell, _cdec. 2010 |
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| 520 | 3 | _aThis article examines how leader firms should respond to the erosion of competitive advantages caused by rapid imitation and innovation in hypercompetitive environments. On the one hand, shorter-lived advantages induce leaders to develop new advantages faster. On the other hand, hypercompetition also erodes the expected returns from new advantagesreducing leaders' incentives to accelerate investments. Since investing faster also raises costs, this article shows that leaders often prefer to renew competitive advantages more slowly in more hypercompetitive industriesthereby increasing the probability of being displaced by competitors. This phenomenon is dubbed self-displacement. Firms' decision to self-displace themselves from industry leadership with greater probability is deliberate and rationalnot a result of leaders' inability to respond to competitive threats, as previously assumed in the literature. This article also shows that leaders' rule of thumb in more hypercompetitive environments should be to accelerate the development of advantages with high competitive value but low market value. This study is based on a theoretical model and numerical analysis grounded on stylized empirical facts that govern industry competitive macrodynamics and firm investment microdynamics in most industries. Because the model builds on empirically observable constructs, its theoretical propositions are amenable to large sample testing. | |
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_912917 _aLiderança |
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_aAlta Administração _914212 |
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| 650 | 4 |
_aCompetitividade _911999 |
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| 650 | 4 |
_aComportamento Organizacional _912914 |
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| 650 | 4 |
_912884 _aInovação |
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| 773 | 0 | 8 |
_tStrategic Management Journal : Special Issue _g31, 13, p. 1498-1526 _dU.S.A : Wiley-Blackwell, dec. 2010 _xISSN 01432095 _w |
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| 998 |
_a20110823 _b0951^b _cFernanda |
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_a20111103 _b1429^b _cKeicielle |
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_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c40262 _d40262 |
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| 041 | _aeng | ||