Skip to main content

Competitive advantage strategies in times of adversity

Buy Article:

$24.32 plus tax (Refund Policy)

Abstract:

In "boom" times, firms can be successful without clearly developed strategies, without the benefit of a clearly conceived concept of competitive advantage, and without a foundational understanding of the process of competition and the role of institutions in that process. However, in times of adversity, managers should understand how the different approaches to strategy development apply in different contexts, understand the process of real-world competition, understand the many dimensions of competitive advantage, and understand the role of institutions in competition. This article discusses how a recently developed theory of competition, the resource-advantage (R-A) theory of competition, (1) provides a perspective for managers that shows how competition is a dynamic process, (2) explicates in detail the concept of competitive advantage, (3) explains how institutions affect the process of competition, and (4) integrates the fragmented strategy literature.

Keywords: COMPETITION; COMPETITIVE ADVANTAGE; RESOURCE-ADVANTAGE THEORY; STRATEGY

Document Type: Research Article

DOI: http://dx.doi.org/10.1362/147539209X459769

Publication date: June 1, 2009

More about this publication?
westburn/jcb/2009/00000008/00000002/art00004
dcterms_title,dcterms_description,pub_keyword
6
5
20
40
5

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more