Competitive Pressure: Competitive Dynamics as Reactions to Multiple Rivals

Zucchini, Leon; Kretschmer, Tobias

doi:10.2139/ssrn.1919509

Cited by 6 publications

(7 citation statements)

References 58 publications

(96 reference statements)

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“…Firms from previously adjacent industries are crossing industry borders resulting in intense competitive interactions. The dyadic relationship between a focal firm and its main rival is not sufficient for explaining the competitive behaviour of firms in a 3D world (Zucchini and Kretschmer, 2011), as stressed by historical competitive dynamics models with their reference to action/reaction dyads (e.g. Chen, 1996).…”

Section: Discussionmentioning

confidence: 99%

“…This is so because 3D printing is not confined to a single industry, but brings together companies in competitive, collaborative and complementary relationships from different industries (Chen and Miller, 2012;. The dyadic relationship between a focal firm and its main rival is no longer sufficient for explaining the firm's competitive behaviour (Zucchini and Kretschmer, 2011) as 3D printing is, in some settings, confronting firms and individuals with new opportunities and challenges (Prahalad and Ramaswamy, 2004).…”

Section: Insert Figure 3 About Herementioning

confidence: 99%

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Building the layers of a new manufacturing taxonomy: How 3D printing is creating a new landscape of production eco-systems and competitive dynamics

Kapetaniou

Rieple

Pilkington

et al. 2018

Technological Forecasting and Social Change

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Recent innovations in 3D printing technologies and processes have influenced how products are designed, built and delivered. However, there is a significant gap in our knowledge of how 3D printing is impacting on manufacturing ecosystems within different industries and contexts. Drawing inspiration from earlier manufacturing taxonomies as well as the competitive dynamics literature which provides insights into industries' moves from straightforwardly rivalrous frameworks, through competitive-cooperative exemplars, into the more recent relational-based competition. Basing our analysis on a systematic review of organisations' use of 3D printing, we develop a new taxonomy explaining the many areas the technology can impact. In addition to offering a comprehensive framework to conceptualise the impact of 3D printing, we emphasise the role of users in co-creation and personalisation. While 3D printing has been touted as disruptive, we suggest that our new taxonomy offers a richer understanding of the ways firms can operate in a 3D printing context. We furthermore apply the relational competition category of the competitive dynamics model to our taxonomy, showing how 3D printing influences the modes and aims of competition, roster of actors and action toolkits within the different industry sectors.

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Section: Discussionmentioning

confidence: 99%

Section: Insert Figure 3 About Herementioning

confidence: 99%

Building the layers of a new manufacturing taxonomy: How 3D printing is creating a new landscape of production eco-systems and competitive dynamics

Kapetaniou

Rieple

Pilkington

et al. 2018

Technological Forecasting and Social Change

View full text Add to dashboard Cite

show abstract

“…Research has evolved since the original analysis of whether rivalry is greater between members of different groups than between members of the same group (e.g., Porter, 1980), until other studies which analyze how groups act competitively (e.g., Smith et al, 1997). Competitive movements of group members, through the analysis of the exchange of actions and responses, are the basis of competitive dynamics research Chen, 1996;Zucchini and Kretschmer, 2011), which uses the 'Awareness-Motivation-Capability' framework, by suggesting that competitors will react to rivals' actions if three conditions are met: they must be aware of the moves, motivated to respond to them and they must possess the necessary capabilities to do so. Recently, some works found an asymmetric rivalry within and between strategic groups, which depends on the size of the firms (see Mas-Ruiz et al, 2014).…”

Section: Prior Work and Hypothesesmentioning

confidence: 99%

How Strategic Groups Act Competitively Within and Across Markets

Mas‐Ruiz

Ruiz‐Moreno

2017

Manage Decis Econ

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Our study analyzes rivalry within and across markets of size-defined strategic groups in the banking industry. We consider that, owing to group-level effects, like efficiency and funding, the degree of rivalry of size-defined strategic groups depends on whether the competitor is acting in the same or in a different market and whether the competing firms are within the same strategic group or in different groups. We estimate the effect of group interactions within and across loans and deposits markets on firm performance in the Spanish banking industry. We find evidences of rivalry as described in our hypotheses.

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“…Competitive pressure arises from the interaction of firms with their competitors in the marketplace regardless of whether the competition is dyadic or multiple. Since firms perceive the sum of all rival actions in the market jointly, managers of the firm feel the necessity to react on the basis of their own evaluation of multiple rivals’ actions (Zucchini and Kretschmer, 2012). It is usually assumed that competitive pressure has a close relationship with the importance of the market (e.g.…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

“…Yang and Meyer (2015), using data collected from a self-reported survey in China, find that competitive pressure determines the type and speed of strategic actions of firms. Using data on tariff setting in the German mobile telephone market, Zucchini and Kretschmer (2012) discover that the magnitude of firms’ strategic behaviors depends on the intensity of perceived competitive pressures and in particular, becomes stronger for the rivals who are strategically similar. Based on firm-level data from World Bank in research and development (R&D) intensity, Lee (2009) pinpoints that competitive pressure is one of the most critical factors determining the corporate strategic choices such as firms’ efforts in R&D. Through survey targeting MNE subsidiaries in Sweden, Hallin and Holmström Lind (2012) demonstrate that competitive pressure has a positive impact on local firms’ adoption of innovation introduced by MNE subsidiaries.…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Knowledge spillovers from inward foreign direct investment in the banking industry

Kim

Park

2017

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Purpose The purpose of this paper is to pinpoint key conduits promoting knowledge spillovers through inward foreign direct investment in the banking sector. Design/methodology/approach The data were obtained by a survey. The survey data were collected from managers of five major local banks in Korea. The survey was conducted during May 10-June 30, 2015 with a total of 581 self-administered responses finally collected at the end (response rate: 60.5 percent). Findings Based on the survey data collected from the survey, the results indicate that knowledge spillovers from foreign to local banks occur in the Korean context. Demonstration effect, worker mobility and absorptive capacity of local banks are found to be effective conduits for knowledge spillovers. In addition, the authors have also found that competitive pressure negatively influences worker mobility leading to knowledge spillovers while two other elements (i.e. demonstration effect and absorptive capacity) positively mediate the relationship between competitive pressure and knowledge spillovers. Practical implications It is essential for the managers of multinational banks vigorously consider placing a strong emphasis on security of internal information and management of own personnel as the knowledge outflow through the demonstration effect and worker mobility is critical. For the managers of local banks, the discoveries suggest that active investment in human resources to maximize knowledge spillovers through the demonstration effect and through absorptive capacity is heightened by building an internal knowledge base. Originality/value The study contributes to the extant literature in the field of international business in two key ways. First, it examines the knowledge spillovers in the banking sector, a regulated industry, in Korea where empirical research is sparse. This paper’s second contribution is the finding of the key conduits of knowledge spillover phenomena by predicting and identifying the elements which affect the magnitude of knowledge flows from foreign to local banks.

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Competitive Pressure: Competitive Dynamics as Reactions to Multiple Rivals

Cited by 6 publications

References 58 publications

Building the layers of a new manufacturing taxonomy: How 3D printing is creating a new landscape of production eco-systems and competitive dynamics

Building the layers of a new manufacturing taxonomy: How 3D printing is creating a new landscape of production eco-systems and competitive dynamics

How Strategic Groups Act Competitively Within and Across Markets

Knowledge spillovers from inward foreign direct investment in the banking industry

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