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Industry And Strategic Group Dynamics: Competitive Strategy In The Insurance Industry, 1970–84

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  • Avi Fiegenbaum
  • Howard Thomas

Abstract

This article focuses upon dynamic aspects of strategic groups in the context of the US insurance industry from 1970–84. It examines the longitudinal structure of industry strategic groups and identifies the strategic patterns followed by these strategic groups over time. the mobility rates of firms between strategic groups are also assessed. It appears that three dominant groups are present throughout the period of the study while other group positions emerge and disappear over time. the evidence suggests that the quantum theory of strategic adaptation (i.e. dramatic and concerted change) satisfactorily models the processes of strategic group change. And, a low level of firm mobility is found to exist between strategic groups consistent with the presence of inertia and mobility barriers.

Suggested Citation

  • Avi Fiegenbaum & Howard Thomas, 1993. "Industry And Strategic Group Dynamics: Competitive Strategy In The Insurance Industry, 1970–84," Journal of Management Studies, Wiley Blackwell, vol. 30(1), pages 69-105, January.
    • Handle: RePEc:bla:jomstd:v:30:y:1993:i:1:p:69-105
    DOI: 10.1111/j.1467-6486.1993.tb00296.x
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    1. Cheng, Shu-Ling & Chang, Hae-Ching, 2009. "Performance implications of cognitive complexity: An empirical study of cognitive strategic groups in semiconductor industry," Journal of Business Research, Elsevier, vol. 62(12), pages 1311-1320, December.
    2. Iraizoz, Belen & Gorton, Matthew & Davidova, Sophia, 2007. "Segmenting farms for analysing agricultural trajectories: A case study of the Navarra region in Spain," Agricultural Systems, Elsevier, vol. 93(1-3), pages 143-169, March.
    3. Travassos Rosário, Albérico & Carrizo Moreira, António & Macedo, Pedro, 2021. "Competitive dynamics of strategic groups in the Portuguese banking industry," Cuadernos de Gestión, Universidad del País Vasco - Instituto de Economía Aplicada a la Empresa (IEAE).
    4. Gunardi, Hery & Primiana, Ina & Effendi, Nury & Herwany, Aldrin & Satyakti, Yayan, 2020. "Risk and Competition in the Indonesian Private Banking Market: An Asymmetric Rivalry Within and Between Strategic Groups," MPRA Paper 98451, University Library of Munich, Germany.
    5. Davidova, Sophia & Gorton, Matthew & Ratinger, Tomas & Zawalinska, Katarzyna & Iraizoz, Belen & Kovacs, Barna & Mizo, Tamas, 2002. "Variations in Farm Performance: Evidence from the CEECs and Existing EU Member States," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24906, European Association of Agricultural Economists.
    6. Kyung Min Park, 2007. "Antecedents of Convergence and Divergence in Strategic Positioning: The Effects of Performance and Aspiration on the Direction of Strategic Change," Organization Science, INFORMS, vol. 18(3), pages 386-402, June.
    7. Gisele Walczak Galilea & William Eid Junior, 2017. "The Competitive Structure and Strategic Positioning of the Bank Industry in the Face of Major Environmental Disturbances: A Study of Brazilian Banks," Brazilian Business Review, Fucape Business School, vol. 14(4), pages 368-384, July.
    8. Garcia, Luis & Laepple, Doris & Dillon, Emma & Thorne, Fiona, 2020. "The role of hired labor in transient and persistent technical efficiency on Irish dairy farms," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304395, Agricultural and Applied Economics Association.
    9. Kim, Youngbae & Lee, Byungheon, 2002. "Patterns of technological learning among the strategic groups in the Korean Electronic Parts Industry," Research Policy, Elsevier, vol. 31(4), pages 543-567, May.
    10. Matthew Gorton & Elodie Douarin & Sophia Davidova & Laure Latruffe, 2006. "Attitudes to farming and agricultural policy in the context of 2003 CAP reform: A comparison of farmers in selected established and new Member States," Post-Print hal-02283469, HAL.
    11. Hałaj, Grzegorz & Żochowski, Dawid, 2006. "Strategic groups in Polish banking sector and financial stability," MPRA Paper 326, University Library of Munich, Germany.

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