Author: Johannes Konstantin SchmalzPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Three Essays in Competitive Strategy
Author: Johannes Konstantin SchmalzPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Three Essays on Strategic Competition and Exit
Author: Silviano Esteve PérezEssays on Competitive Strategy and Innovation Management
Author: Richard Dick WangPublisher:
ISBN:
Category :
Languages : en
Pages : 170
Book Description
This dissertation examines product positioning and development strategies by firms. Product strategies not only determine a firm's performance, but they also influence the types of goods that are available in the market. I conduct empirical evaluations on how rivalries shape product decisions, and propose a framework that guides firms to devise incentive schemes to spur new ideas which are vital to the development of innovative products. I begin by focusing on product differentiation strategy among rivals. I develop a theoretical model on programming choice by rival broadcasters in the media industry. The model predicts that the level of product differentiation is determined by the relative strengths of the rivals. I test this model using data from the Chinese satellite television industry. I analyze dynamic product positioning activities of 30 satellite television channels with respect to their dominant rival. Consistent with theory, the empirical evidence shows that weaker firms are more responsive when compared to the stronger ones to differentiate their products from the dominant rival. In a second study, I focus on product imitation strategy among rivals. I empirically examine whether rivals imitate each other when they operate in uncertain market environments. Using data from the Chinese satellite television industry, I analyze product spatial distances between the satellite television channels before and after the commercialization of the dominant rival. I find that rivals cluster in product space when they are attacked by the dominant rival. Moreover, the level of clustering is most intense immediately following the industry shock, and less so as time progresses. I find mixed evidence on firms selectively cluster with rivals that are perceived to possess superior market information. In the final essay, co-authored with John Morgan, we propose how firms may employ tournament incentive schemes to stimulate innovations which are essential to creating new products. Governments and foundations have successfully harnessed tournaments to generate innovative ideas. Yet this tool is not widely used by firms. We offer a framework for managers seeking to organize tournaments for ideas. We present the theoretical underpinnings of tournaments. We then connect the theory with three recent business concepts - the power of the network, the wisdom of crowds, and the leverage of intrinsic motivations - that boost the effectiveness of tournaments.
Three Essays on Competition and Interactions
Author: Jaesoo KimPublisher:
ISBN:
Category : Competition
Languages : en
Pages : 212
Book Description
Three Essays on Strategic and Tactical Issues in Product Design
Author: Matthew McCloud SelovePublisher:
ISBN:
Category :
Languages : en
Pages : 151
Book Description
This dissertation consists of three essays on strategic and tactical issues in product design. The first essay presents a dynamic investment game in which firms that are initially identical develop assets which are specialized to different market segments. The model assumes there are increasing returns to investment in a segment, for example, due to word-of-mouth or learning curve effects. In equilibrium, firms that are only slightly different focus all of their investment in different segments, causing small random differences to expand into large permanent differences. Even though firms do not cooperate and do not make threats to punish each other, in the long run they divide the market, reaching the same outcome that they would if they cooperated to maximize joint profits. This second essay develops a model in which an incumbent has expertise in an old business format (e.g., running a full service airline), and a new firm enters the market with the possibility of using a new business format (e.g., running a "no frills" airline). Firms play a dynamic investment game in which the incumbent can invest in the new format and the entrant can invest in either format. If brand and format preferences are strong, and if it is easy to implement a format, then a firm already using one format does not invest in the other format, since such an attack would be met with swift retaliation. In this case, the entrant invests in the new format, while the incumbent avoids investing in order to retain the threat of investment as a punishment mechanism. The third essay shows that improved accuracy in conjoint analysis has important strategic implications. Even if two models provide unbiased part-worths, competitive game theory shows that the more accurate model (with lower error variance in an HB CBC model) implies that differentiation from competitors is more profitable. On the other hand, a less accurate model implies that each firm should forego differentiation and choose feature levels that provide customers the greatest utility (adjusting for marginal cost). I illustrate the theory by varying accuracy in a student-apparel application.
Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation
Author: Iván Blanco Publisher: Ed. Universidad de Cantabria
ISBN: 8481028770
Category : Business & Economics
Languages : en
Pages : 90
Book Description
Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.
Three Essays on Marketing Strategy Elements and the Brand Life Cycle in the Pharmaceutical Industry
Author: Erin CavusgilPublisher:
ISBN:
Category : Gastrointestinal agents
Languages : en
Pages : 260
Book Description
Summary of "Competitive Strategy: Techniques for Analyzing Industries and Competitors" by M.E. Porter
Author: Friederike BergPublisher: GRIN Verlag
ISBN: 3346091589
Category : Business & Economics
Languages : en
Pages : 5
Book Description
Literature Review from the year 2018 in the subject Economics - International Economic Relations, grade: 4.0, Harris University (Harrisburg University of Science & Technology), language: English, abstract: The book "Competitive strategy: techniques for analyzing industries and competitors: with a new introduction" by Michael E. Porter (New York: Free Press, c1980. 396pp.) is the epitome of competitive strategies. The author explains the dynamism of competition within the industry. Furthermore, he developed analyzing tools step by step to examine a branch on the basis of practical examples. The author, Michael E. Porter, was born in 1947 and is a professor at the Harvard Business School where he has the Institute for Strategy and Competitiveness.
Author: Hyun-soo Ahn
Author: Daniel Nepelski