Rivalry, strategic groups and firm profitability
Strategic Management JournalPublished 1 January 1993
Karel Cool, Ingemar Dierickx
Citations299
SJR quartileQ1
SJR score10.18
SNIP3.84
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Abstract
Abstract An analysis of the U.S. pharmaceutical industry during the period 1963–82 finds that a substantial decline in industry profitability is not explained by changes in the number and size distribution of firms, in segment interdependence and in strategic distance. In contrast, declining industry profitability is strongly associated with increasing rivalry. This increasing rivalry is associated with changes in strategic group structure and a concomitant shift from within group rivalry to between group rivalry.
Keywords
Economics, Econometrics and FinanceBusiness, Management and Accounting
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