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Global StrategyGlobal StrategyMike W. PengMike W. Peng
• Industry characteristics and collusion vis-à-vis competition Concentration ratio Industry price leader Homogeneous products Stability of demand, supply, and technology High-frequency, low-value orders Friendly social relationships among rival managers
High entry barriers High market commonality (mutual forbearance)
A Framework for Competitor Analysis Between a Pair of Rivals
Figure 8.4
Sources: Adapted from (1) M. Chen, 1996, Competitor analysis and interfirm rivalry: Toward a theoretical integration (p. 108), Academy of Management Review, 21: 100–134 and (2) J. Gimeno & C. Y. Woo, 1996, Hypercompetition in a multimarket environment: The role of strategic similarity and multimarket contact in competitive de-escalation (p. 338), Organization Science, 7: 322–341.
Figure 8.6Source: Adapted from R. G. McGrath, M. Chen, & I. C. MacMillan, 1998, Multimarket maneuvering in uncertain spheres of influence: Resource diversion strategies (p. 729), Academy of Management Review, 23: 724–740.
Figure 8.7Source: Adapted from R. G. McGrath, M. Chen, & I. C. MacMillan, 1998, Multimarket maneuvering in uncertain spheres of influence: Resource diversion strategies (p. 731), Academy of Management Review, 23: 724–740.
Figure 8.9Source: Adapted from N. Dawar & T. Frost, 1999, Competing with giants: Survival strategies for local companies in emerging markets (p. 122), Harvard Business Review, March-April: 119–129.
• Strategy versus IO economics and Antitrust Policy Antitrust laws were created to deal with old realities
In global competition, when foreign antitrust laws are more permissive, US antitrust laws hurt US firms
Anticompetitive or hypercompetitive? US antitrust laws create strategic confusion US antitrust laws, which combat “unfair” practice, may be unfair, especially to large US firms
Competition versus Antidumping “Fair trade laws” (such as antidumping laws) in one country - regarded as “unfair” trade laws elsewhere