Measuring Industry Dynamics: Towards a Comprehensive Concept
AbstractWe present a detailed literature-based analysis of the correct composition of the industry dynamics construct and an empirical test of the formative multidimensional character we propose. By providing a comprehensive definition and measurement concept of industry dynamics with the utmost degree of content validity, we supply the base necessary for future empirical research on that topic. Based on this measurement concept, advanced research methods such as structural equation modeling can exploit their full potential. Furthermore, we equip managers with a valuable tool that can assist them to better understand their industry environment and benchmark it against other industries.
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Bibliographic InfoArticle provided by LMU Munich School of Management in its journal Schmalenbach Business Review.
Volume (Year): 63 (2011)
Issue (Month): 4 (October)
Content Validity; Environmental Dynamism; Multidimensional Measurement Concept; Task Environment;
Find related papers by JEL classification:
- C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
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