Abstracts » Economics

The concept of strategic groups: theoretical construct or analytical convenience

Article Abstract:

A study was done to analyze the theoretical development of strategic groups. Theories of spatial competition and cognitive taxonomies were applied to competing strategic groups. The validity of strategic groups is questioned because since such groups are ideal, firms should not act differently. Another criticism against strategic groups is that firms which have different strategies will not be grouped effectively. Results show that strategic groups are not merely tools of analysis but are theoretically possible.

Analysis, Strategic alliances (Business)

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Competition under continuous technological change

Article Abstract:

Any technological innovation changes the economic market and consequently, firm competition. Optimal timing should be considered before firms react to technological change because it may have adverse effects in the long run. Continuous technological improvement creates and changes asymmetry between firms. Strategy planners should weigh the advantages and disadvantages of technological investments in choosing whether to replace or retain existing technology.

Models, Capital investments, Technological innovations

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