Competitive dynamics, strategic consistency, and organizational survival

Juha‐Antti Lamberg · Henrikki Tikkanen · Tomi Samuli Nokelainen · H. Suur-Inkeroinen

143 citations0/0 files storedStrategic Management Journal

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Abstract

Abstract This study investigates strategic consistency in competitive behavior. We construct a logically consistent evolutionary model, providing a causal argument to link a level of strategic consistency to long‐term organizational survival. According to our results, strategic consistency seems to be related to both organizational survival and the most efficient change over time concerning the key elements of a firm's strategy. One of the benefits of the model is that some of the components and processes may be manipulated through experimental or simulation interventions. This means that the model can be formally tested in future studies and managers can use it to fine‐tune patterns of competitive behavior. Copyright © 2008 John Wiley & Sons, Ltd.

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References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1997Dynamic capabilities and strategic management 1977Institutionalized Organizations: Formal Structure as Myth and Ceremony 1991Exploration and Exploitation in Organizational Learning 1983An Evolutionary Theory of Economic Change.1980Competitive Strategy: Techniques for Analyzing Industries and Competitors 2011External Control of Organizations: Resource Dependence Perspective 1980Agency Problems and the Theory of the Firm

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