Strategic and organizational requirements for competitive advantage

被引:35
|
作者
Lei, D [1 ]
Slocum, JW [1 ]
机构
[1] So Methodist Univ, Edwin L Cox Sch Business, Dallas, TX 75275 USA
来源
ACADEMY OF MANAGEMENT EXECUTIVE | 2005年 / 19卷 / 01期
关键词
D O I
10.5465/AME.2005.15841949
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Formulating an effective business strategy for a firm is a complex task. How best to compete in an industry is one of the major determinants that influence managers' choices of business strategy. The life cycle stages of the industry and the rate of technological change are two drivers that have significant impact on industry evolution. We develop a typology of four types of industry environments: Fast Growth; Wild, Wild West; Steady Evolution; and Creative Destruction. Each of these generates a different set of strategic imperatives for managers. To operate effectively in each type of industry environment, managers may select among four business strategies: Concept Drivers, Pioneers, Consolidators, and Concept Learners. We present the various strengths and challenges posed by each strategy and how managers can overcome these.
引用
收藏
页码:31 / 45
页数:15
相关论文
共 50 条
  • [21] Organizational capital as competitive advantage of the firm
    Martin-de-Castro, Gregorio
    Emilio Navas-Lopez, Jose
    Lopez-Saez, Pedro
    Alama-Salazar, Elsa
    JOURNAL OF INTELLECTUAL CAPITAL, 2006, 7 (03) : 324 - +
  • [22] Competitive Strategy, Strategic Human Capital and Sustained Competitive Advantage
    Zhang Yan-li
    Gao Su-ying
    Zhang Jin
    2011 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING - 18TH ANNUAL CONFERENCE PROCEEDINGS, VOLS I AND II, 2011, : 524 - 531
  • [23] STRATEGIC ORIENTATIONS, COMPETITIVE ADVANTAGE, AND BUSINESS PERFORMANCE
    WRIGHT, P
    KROLL, M
    PRAY, B
    LADO, A
    JOURNAL OF BUSINESS RESEARCH, 1995, 33 (02) : 143 - 151
  • [24] Strategic lean actions for sustainable competitive advantage
    Hallam, Cory R. A.
    Valerdi, Ricardo
    Contreras, Carolina
    INTERNATIONAL JOURNAL OF QUALITY & RELIABILITY MANAGEMENT, 2018, 35 (02) : 481 - 509
  • [25] Strategic risk and competitive advantage: an integrative perspective
    Fiegenbaum, Avi
    Thomas, Howard
    EUROPEAN MANAGEMENT REVIEW, 2004, 1 (01) : 84 - 95
  • [26] Strategic virtues: Humility as a source of competitive advantage
    Vera, D
    Rodriguez-Lopez, A
    ORGANIZATIONAL DYNAMICS, 2004, 33 (04) : 393 - 408
  • [27] STRATEGIC HRM IN CHINA: CONFIGURATIONS AND COMPETITIVE ADVANTAGE
    Chow, Irene H.
    Huang, Jia-Chi
    Liu, Shanshi
    HUMAN RESOURCE MANAGEMENT, 2008, 47 (04) : 687 - 706
  • [28] STRATEGIC-SKILL POOLS AND COMPETITIVE ADVANTAGE
    NAUGLE, DG
    DAVIES, GA
    BUSINESS HORIZONS, 1987, 30 (06) : 35 - 42
  • [29] Benefits Management Enhances the Organizational Competitive Advantage
    Gomes, Jorge
    Romao, Mario
    NEW PERSPECTIVES IN INFORMATION SYSTEMS AND TECHNOLOGIES, VOL 1, 2014, 275 : 137 - 150