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Author: | Fiegenbaumen, H. Thomas |
Title: | Industry and strategic group dynamics. Competitive strategy in the insurance industry 1970-1984 |
Journal: | Journal of Management Studies
1993 : JAN, VOL. 30:1, p. 69-105 |
Index terms: | |
Freeterms: | UNTERNEHMENSSTRATEGIE, KONKURRENZFORSCHUNG, VERSICHERUNGSBETRIEBE |
Language: | eng |
Abstract: | This article focuses upon dynamic aspects of strategic groups in the USA insurance industry from 1970-1984. It examines the structure of strategic groups and identifies the strategic patterns followed over time. Three dominant groups are present throughout the period while other group positions emerge/disappear over time. It is suggested that the quantum theory of strategic adaptation models the processes of strategic group change. A low level of firm mobility is found between strategic groups consistent with the presence of inertia and mobility barriers. |
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