Abstract
By defining strategy as a sequence of competitive actions carried out over time, I develop and test a dynamic process model of competitive interaction among firms. Results based on a sample of thousands of competitive actions carried out by rivals competing in 16 different industries over a seven-year period suggest that characteristics of firms' sequences of competitive actions account for differences in their relative performance. The findings also suggest that a firm's sequence of competitive actions is influenced by top management team heterogeneity, past performance, slack, and three important industry characteristics.
| Original language | English |
|---|---|
| Pages (from-to) | 858-877 |
| Number of pages | 20 |
| Journal | Academy of Management Journal |
| Volume | 44 |
| Issue number | 4 |
| DOIs | |
| State | Published - Aug 2001 |
ASJC Scopus subject areas
- Business and International Management
- General Business, Management and Accounting
- Strategy and Management
- Management of Technology and Innovation