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Cited by 397

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Competitive strategy under uncertainty

Wernerfelt, Birger, Karnani, Aneel·1987·Strategic Management Journal

Abstract

Competitive strategy under uncertainty involves a trade‐off between acting early and acting later after the uncertainty is resolved, and another trade‐off between focusing resources on one scenario and spreading resources on several scenarios, thus maintaining flexibility. This paper analyzes both these trade‐offs taking into consideration the nature of uncertainty, industry economics, intensity of competition, and the position of a firm relative to its competitors.

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Metadata

Authors
Wernerfelt, B., & Karnani, A.
Venue
Strategic Management Journal
Publisher
Wiley
Published
1987-03
Volume
8
Issue
2
Pages
187-194
ISSN
  • 0143-2095 (ISSN-L)
  • 1097-0266
OpenAlex
W2153486113
Cited by
397
References
0
FWCI
4.36
Type
journal article
Language
en
Open access
closed

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.