High Profit Strategies in Mature Capital Goods Industries: A Contingency Approach.
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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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.”
From On the contingent value of dynamic capabilities for competitive advantage: The nonlinear moderating effect of environmental dynamism (2014) · cites this paper as Hambrick, 1983
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- Authors
- Hambrick, D. C.
- Affiliations
- Columbia University (US)
- Corresponding author
- Hambrick, D. C.
- ORCID
- Hambrick, D. C.
- Venue
- Academy of Management Journal
- Publisher
- Academy of Management
- 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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