Strategy As Action Competitive Dynamics and Competitive Advantage

by Grimm, Curtis M.; Lee, Hun; Smith, Ken G.

• ISBN13: 9780195161441
• ISBN10: 0195161440
• Format: Hardcover
• Copyright: 2005-08-25
• Publisher: Oxford University Press

Summary

The twenty-first century has seen an increasingly competitive and hostile global business environment. More and more often, competitive advantage is rapidly eroded and overcome by voracious competitors. In this landscape of disruptive competition, complex innovations are brought to the marketplace at an ever-faster pace, and the number and speed of competitive actions that rivals undertake with regard to one another are ever more frequent and warlike. Indeed, rivals may respond aggressively to competitive actions taken in many markets, both near and far, within days. In Strategy as Action, Curt Grimm, Hun Lee, and Ken Smith describe this new competitive landscape, analyze existing strategic paradigms for developing competitive advantage that have been offered by others, and present an innovative, action-based, dynamic model of competitive advantage that integrates and extends prior viewpoints.

Table of Contents

Part I. The New Competitive Advantage
1: Disruptive Competition: Intensifying Actions and Reactions in the Twenty-First Century	5	(26)
Part II. Strategic Paradigms of Competitive Advantage
2: Economic Theories of Competition and Competitive Advantage: Neoclassical, Industrial Organization, Game Theory, Schumpeterian, and Evolutionary Economics	31	(17)
3: Knowing Your Relative Market Position	48	(20)
4: Knowing Your Relative Resource Position	68	(15)
Part III. Action-Based Dynamic Model of Competitive Advantage
5: An Action-Reaction Framework for Building Competitive Advantage	83	(18)
6: Avoiding Rivals with Entrepreneurial Actions: Exploiting Competitive Uncertainty and Blind Spots	101	(28)
7: Engaging Rivals with Ricardian Actions: Exploiting Ownership of Superior Resources	129	(27)
8: Defending against Rivals as a Dominant Firm: The Role of Deterrent Actions	156	(24)
9: Winning the Peace: Taking "Co-optive" Actions in the Absence of Resource Advantage	180	(22)
10: Using the Action Model: Predicting the Behavior of Rivals	202	(21)
11: Strategy as Action: Integration and Evolution of Resource Positions	223	(16)
Notes	239	(30)
Index	269