Abstract
Market share erosion and dethronement of market leaders are examined through the lens of "Austrian" economics. Our results suggest that leaders are more likely to experience market share erosion and/or dethronement when - relative to industry challengers - they are less competitively aggressive, carry out simpler repertoires of actions, and carry out competitive actions more slowly. These findings, based on seven years of data collected in 41 industries, contribute to research on hypercompetition, organizational decline, and competitive dynamics.
Original language | English |
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Pages (from-to) | 372-388 |
Number of pages | 17 |
Journal | Academy of Management Journal |
Volume | 42 |
Issue number | 4 |
DOIs | |
State | Published - Aug 1999 |
ASJC Scopus subject areas
- Business and International Management
- General Business, Management and Accounting
- Strategy and Management
- Management of Technology and Innovation