First-Mover Advantages Marvin B. Lieberman; David B. Montgomery Strategic Management Journal‚ Vol. 9‚ Special Issue: Strategy Content Research. (Summer‚ 1988)‚ pp. 41-58. Stable URL: http://links.jstor.org/sici?sici=0143-2095%28198822%299%3C41%3AFA%3E2.0.CO%3B2-2 Strategic Management Journal is currently published by John Wiley & Sons. Your use of the JSTOR archive indicates your acceptance of JSTOR ’s Terms and Conditions of Use‚ available at http://www.jstor.org/about/terms.html. JSTOR ’s Terms
Free Empiricism Barriers to entry Research
lacks empirical evidence to support his conclusion. In contrast‚ RBV is central to much empirical research. In middle of 1990s‚ a four-year longitudinal study of 2800US firms showed that‚ whilst industry conditions explained 4% of profitability variation‚ individual firm resources explained 44% of profitability variation across firms (Data Systems International‚ 2007) RBV is concerned with Ricardian rents resulting from the scarcity of superior resources. Porter talks of monopoly type rents as the
Premium Strategic management Firm Management
Research in the area of operational management cites flexibility as a strategic imperative that will enable firms cope up with uncertainty (Gerwin‚ 1987) and (Sethi and Sethi‚ 1990). De Toni and Tonchia (1998) provide two general perspectives on flexibility: flexibility as a filter‚ and flexibility as a dampener. As a filter‚ flexibility is an uncertainty absorber‚ which shields a firm from external disturbances and provides them internal stability in the face of exogenous changes through homeostatic
Premium Strategic management Management Firm
a small computer firm that specializes in developing software for management tasks. Derek was a primary contributor in designing an innovative software system for customer services. This software system is essentially the "lifeblood" of the firm. The small computer firm never asked Derek to sign an agreement that software designed during his employment there becomes the property of the company. However‚ his new employer did. Derek is now working for a much larger computer firm. Derek’s job is in
Premium Customer service Firm System software
WACC‚ discount each cashflow back to it present value‚ obtain the terminal value through an application of terminal value multiple‚ using DCF method‚ Martin calculates the price of Cox’s share to be $54.29. Multiple Valuation; Identify comparable firms that have growth‚ cashflow and risks similar to those of targetfirm whose value is in
Premium Discounted cash flow Firm
Balanced Growth rate subject to managerial and financial constraints. He defines firm’s Balanced Growth rate(G) as G = GD = GC Where GD = growth rate of demand for firms product GC = growth rate of capital supply to the firm. In simple words‚ a firm’s growth rate is balanced when demand for its product and supply of capital to the firm increases at the same rate.the two growth rates according to Marris‚ translated into two utility functions: i. Manager’s utility function ii. Owner’s utility
Premium Economics Profit maximization Management
consulting firm and design venders‚ who play a significant role to support it and the government must encourage its industry. On the contrary in the military point of view‚ new company establishment in that industry often causes regional frictions. Of course long-term investment such as R&D and periodical gap between industrialization and commercialization in this industry also request a government long-term support. On the other hand‚ negative factor to subsidize that kind of firm by government
Premium Sovereign state Government European Union
do not yield a competitive advantage. In fact‚ a competitive advantage is generally based on the unique bundling of several resources. For example‚ www.Ocado.com combined service and distribution resources to develop its competitive advantages. The firm started as an online retailer‚ directly shipping orders from the product range of Waitrose‚ a leading UK retailer to customers. It quickly grew and established a distribution network through which it could deliver groceries to customers’ doorsteps
Premium Resource Management Strategic management
ABOUT THE FIRM The California Lemon Law Group‚ Inc.‚ is a law firm dedicated to the enforcement of the Song-Beverly Consumer Warranty Act‚ popularly known as the California Lemon Law‚ to protect the rights of California’s consumers. The California Lemon Law Group‚ Inc.‚ has offices located throughout the state of California and represents consumers statewide. The California Lemon Law attorney who founded this law firm has extensive experience with the California Lemon Law and she is considered to
Premium Automobile Money Multiplication
behaviour that this case illustrates. The Organizational Behaviour between the two firms were very different and identifiable. Tony Stark started working at O’Grady and things had been great there. The firm made sure that people who worked there‚ their personal goals be met and broadened their perspective towards work thereafter. O’Grady was a decentralized firm giving everybody a chance to grow and feel like a part of the firm as their opinion would be incorporated while the managers did decision making
Premium Organizational studies Business Management