Competitive pressure: competitive reactions at the group-level

Zucchini, Leon; Böhmer-Horländer, Stephan; Kretschmer, Tobias

doi:10.1080/13662716.2018.1526666

Cited by 16 publications

(9 citation statements)

References 61 publications

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“…For high n or low µ, firms will rationally join a Windfall Clause even when their donation enmity is higher than their enmity (red line). about their capabilities, a result backed up by the literature on rivalry (Bar, 2006;Chen et al, 2017;Zucchini et al, 2019;Hutzschenreuter et al, 2021). In line with our above findings, if firms anticipate they will have public information rather than private or no information, then they believe that on average that the race is more dangerous.…”

Section: Firms Are More Likely To Join a Windfall Clause As The Compe...supporting

confidence: 79%

Safe Transformative AI via a Windfall Clause

Bova¹,

Emanuel²,

Harack³

2021

Preprint

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Society could soon see transformative artificial intelligence (TAI). Models of competition for TAI show firms face strong competitive pressure to deploy TAI systems before they are safe. This paper explores a proposed solution to this problem, a Windfall Clause, where developers commit to donating a significant portion of any eventual extremely large profits to good causes. However, a key challenge for a Windfall Clause is that firms must have reason to join one. Firms must also believe these commitments are credible. We extend a model of TAI competition with a Windfall Clause to show how firms and policymakers can design a Windfall Clause which overcomes these challenges. Encouragingly, firms benefit from joining a Windfall Clause under a wide range of scenarios. We also find that firms join the Windfall Clause more often when the competition is more dangerous. Even when firms learn each other's capabilities, firms rarely wish to withdraw their support for the Windfall Clause. These three findings strengthen the case for using a Windfall Clause to promote the safe development of TAI.

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Section: Firms Are More Likely To Join a Windfall Clause As The Compe...supporting

confidence: 79%

Safe Transformative AI via a Windfall Clause

Bova¹,

Emanuel²,

Harack³

2021

Preprint

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“…3.5.1 Moderating role of competitive pressure intensity (CPI). CPI refers to external forces from the market, rivals, and customers that influence strategic business and operational priority decisions (Haraguchi et al, 2018;Zucchini et al, 2019). Competitive pressure is an essential external influencing factor between DMC and shared goals practices (Mason, 2007;Medhi and Allamraju, 2022).…”

Section: Moderating Relationshipsmentioning

confidence: 99%

Dynamic market complexity and service value advantage: an empirical investigation of business process management

Hong

Hejazi²,

Deng³

et al. 2022

BPMJ

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PurposeHaving complexity theory as the overarching conceptual rationale, this paper presents a research model that defines external drivers, strategic and internal business practices and performance outcomes in service firm contexts.Design/methodology/approachUsing an original survey instrument, the authors empirically examine business process management (1) adopting the mediating roles of shared goal practices and technology imperative practices (2) involving moderating roles of competitive market environments and joint implementation practices.FindingsIn response to dynamic market complexity, firms implement business process management through shared goal practices and technology imperative practices for achieving customer service outcomes. The findings also suggest the moderating roles of competitive pressure and joint implementation practices.Research limitations/implicationsGeneralizations here are limited to service firms. Increasing customer service expectations (e.g. simplicity, convenience, visual images and rapid responses) require firms to involve cross-functional work throughout their organizational processes.Practical implicationsIn digital environments, business process management requires socio-technological synergy through shared goal practices and technology imperative practices.Originality/valueBuilding on a theory-driven research model, a survey instrument provides tools to examine business process management of service firms that sense dynamic market complexity challenges and translate them to achieve desirable customer service outcomes.

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“…In fact, any gains from sales effort may be offset completely by competitors' responses. Competitors respond because they witness a decline in sales and attribute them to the focal firm's competitive actions (D'Aveni 1994, Ferrier et al 1999, Zucchini et al 2018. Competitor responses need not mirror the initial competitive action and can include a range of reactions, such as a shop facelift or a marketing campaign to restore or even improve their competitiveness.…”

Section: The Competitor Response Effectmentioning

confidence: 99%

Market Competition and the Effectiveness of Performance Pay

Khashabi

Heinz

Zubanov

et al. 2021

Organization Science

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It is well established that the effectiveness of pay-for-performance (PfP) schemes depends on employee- and organization-specific factors. However, less is known about the moderating role of external forces such as market competition. Our theory posits that competition generates two counteracting effects—the residual market and competitor response effects—that vary with competition and jointly generate a curvilinear relationship between PfP effectiveness and competition. Weak competition discourages effort response to PfP because there is little residual market to gain from rivals, whereas strong competition weakens incentives because an offsetting response from competitors becomes more likely. PfP hence has the strongest effect under moderate competition. Field data from a bakery chain and its competitive environment confirm our theory and let us refute several alternative interpretations.

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Competitive pressure: competitive reactions at the group-level

Cited by 16 publications

References 61 publications

Safe Transformative AI via a Windfall Clause

Safe Transformative AI via a Windfall Clause

Dynamic market complexity and service value advantage: an empirical investigation of business process management

Market Competition and the Effectiveness of Performance Pay

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