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Schumpeter's ghost: Is hypercompetition making the best of times shorter?
Abstract
At the center of Schumpeter's theory of competitive behavior is the assertion that competitive advantage will become increasingly more difficult to sustain in a wide range of industries. More recently, this assertion has resurfaced in the notion of hypercompetition. This research examines two large longitudinal samples of firms to discover which industries, if any, exhibit performance that is consonant with Schumpeterian theory and the assertions of hypercompetition. We find support for the argument that over time competitive advantage has become significantly harder to sustain and, further, that the phenomenon is limited neither to high‐technology industries nor to manufacturing industries but is seen across a broad range of industries. We also find evidence that sustained competitive advantage is increasingly a matter not of a single advantage maintained over time but more a matter of concatenating over time a sequence of advantages. Copyright © 2005 John Wiley & Sons, Ltd.
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Cites
Firm Resources and Sustained Competitive Advantage
Barney, J. (1991) · Journal of Management · doi:10.1177/014920639101700108 · Cited by 48,334
Competitive Strategy: Techniques for Analyzing Industries and Competitors
(1980) · Journal of Sustainable Competitive Intelligence · doi:10.24883/iberoamericanic.v2i2.38 · Cited by 16,592
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Dynamic Capabilities: A Review of Past Research and an Agenda for the Future
Barreto, I. (2010) · Journal of Management · doi:10.1177/0149206309350776 · Cited by 1,948
Best-practice recommendations for defining, identifying, and handling outliers
Aguinis, H., Gottfredson, R. K., & Joo, H. (2013) · Organizational Research Methods · doi:10.1177/1094428112470848 · Cited by 1,341
Kapoor, R., & Agarwal, S. (2017) · Organization Science · doi:10.1287/orsc.2017.1122 · Cited by 453
Strategizing by the government: Can industrial policy create firm‐level competitive advantage?
Lazzarini, S. G. (2015) · Strategic Management Journal · doi:10.1002/smj.2204 · Cited by 276
Garrison, G., Wakefield, R. L., & Kim, S. (2015) · International Journal of Information Management · doi:10.1016/j.ijinfomgt.2015.03.001 · Cited by 250
Metadata
- Authors
- Wiggins, R. R., & Ruefli, T. W.
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 2005-08-25
- Volume
- 26
- Issue
- 10
- Pages
- 887-911
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- OpenAlex
- W1967929303
- Cited by
- 458
- References
- 2
- FWCI
- 35.54
- Type
- journal article
- Language
- en
- Open access
- closed
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