Cited by 728Business Strategies and InnovationInnovation and Knowledge ManagementFirm Innovation and Growth

High Profit Strategies in Mature Capital Goods Industries: A Contingency Approach.

Hambrick, D. C.·1983·Academy of Management Journal

Abstract

High profit and low profit strategic “gestalts” in two different types of mature capital goods industries are examined. Multiple avenues to high profits are found within both types, but they differ...

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Crossref · 10.2307/255916

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  • Stable environments often allow firms to sell existing products profitably without much alteration, making a new product development capability relatively less central to competitive advantage.

    “Whereas new product launches and product overhauls are critical to firms' competitive advantage when contextual conditions change relatively frequently (Song et al., 2005), stable environments often allow firms to sell existing products profitably without much alteration (Hambrick, 1983), making a new product development capability relatively less central to competitive advantage.”

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Authors
Hambrick, D. C.
Affiliations
Columbia University (US)
Corresponding author
Hambrick, D. C.
Venue
Academy of Management Journal
Published
1983-12-01
Volume
26
Issue
4
Pages
687-707
ISSN
  • 0001-4273 (ISSN-L)
  • 1948-0989
OpenAlex
W2082751831
Cited by
728
References
0
Citations by year
2026: 5 · 2025: 7 · 2024: 13 · 2023: 17 · 2022: 13 · 2021: 11 · 2020: 18 · 2019: 17 · 2018: 17 · 2017: 20 · 2016: 21 · 2015: 25 · 2014: 27 · 2013: 26 · 2012: 27
FWCI
45.95
Type
journal article
Language
en
Open access
closed
Locations
Academy of Management Journal (publishedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Business Strategies and Innovation
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Firm Innovation and Growth
Keywords
mature industries, capital goods industry, contingency theory, industry structure, competitive strategy

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