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Hybrid strategic groups

Author

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  • Wayne S. DeSarbo
  • Rajdeep Grewal

Abstract

The notion of strategic groups has recently emerged as a critical perspective for uncovering firms' strategic postures/recipes and competitive market structures. Firms within strategic groups generally adopt similar strategic recipes and compete more intensely than firms across strategic groups. Building on recent research, the authors develop the concept of hybrid strategic groups, which blend the strategic recipes of more than one group, in contrast to existing conceptualizations of strategic groups, where either firms tightly follow the recipes of a strategic group (i.e., core firms) or firms loosely follow the recipes of a strategic group (i.e., secondary firms). Thus, competition among firms depends not only on the strategic group but also on the overlap of that strategic group with other strategic groups. The authors devise a combinatorial optimization‐based classification procedure utilizing a bilinear model that accommodates multiple variable batteries that can estimate hybrid strategic groups. The proposed methodology is illustrated by using archival data on public banks. For this illustration, the hybrid strategic group solution outperforms ordinary cluster analyses and offers critical insights into the nature of competition among firms. Copyright © 2007 John Wiley & Sons, Ltd.

Suggested Citation

  • Wayne S. DeSarbo & Rajdeep Grewal, 2008. "Hybrid strategic groups," Strategic Management Journal, Wiley Blackwell, vol. 29(3), pages 293-317, March.
    • Handle: RePEc:bla:stratm:v:29:y:2008:i:3:p:293-317
    DOI: 10.1002/smj.658
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    Cited by:

    1. Rodolphe Durand & Robert M. Grant & Tammy L. Madsen & Gino Cattani & Joseph F. Porac & Howard Thomas, 2017. "Categories and competition," Strategic Management Journal, Wiley Blackwell, vol. 38(1), pages 64-92, January.
    2. Yi Tang & Cuili Qian & Guoli Chen & Rui Shen, 2015. "How CEO hubris affects corporate social (ir)responsibility," Strategic Management Journal, Wiley Blackwell, vol. 36(9), pages 1338-1357, September.
    3. Matteo Farnè & Angelos T. Vouldis, 2021. "Banks’ business models in the euro area: a cluster analysis in high dimensions," Annals of Operations Research, Springer, vol. 305(1), pages 23-57, October.
    4. Eun-Hee Kim & Yoo Na Youm, 2017. "How Do Social Media Affect Analyst Stock Recommendations? Evidence from S&P 500 Electric Power Companies' Twitter Accounts," Strategic Management Journal, Wiley Blackwell, vol. 38(13), pages 2599-2622, December.
    5. Richard A. Bettis & Constance E. Helfat & J. Myles Shaver & Arturs Kalnins, 2016. "Beyond Manhattan: Localized competition and organizational failure in urban hotel markets throughout the United States, 2000–2014," Strategic Management Journal, Wiley Blackwell, vol. 37(11), pages 2235-2253, November.
    6. Mavroudi, Eva & Kesidou, Effie & Pandza, Krsto, 2023. "Effects of ambidextrous and specialized R&D strategies on firm performance: The contingent role of industry orientation," Journal of Business Research, Elsevier, vol. 154(C).
    7. Bolívar, Fernando & Duran, Miguel A. & Lozano-Vivas, Ana, 2023. "Business model contributions to bank profit performance: A machine learning approach," Research in International Business and Finance, Elsevier, vol. 64(C).
    8. Vikas Anand & Mahendra Joshi & Anne M. O'Leary-Kelly, 2013. "An Organizational Identity Approach to Strategic Groups," Organization Science, INFORMS, vol. 24(2), pages 571-590, April.
    9. Paul F. Skilton & Ednilson Bernardes, 2022. "Normal misconduct in the prescription opioid supply chain," Journal of Supply Chain Management, Institute for Supply Management, vol. 58(4), pages 6-29, October.
    10. Bernardo P. Marques & Carlos F. Alves, 2020. "Using clustering ensemble to identify banking business models," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 27(2), pages 66-94, April.
    11. Peter Ebbes & Rajdeep Grewal & Wayne DeSarbo, 2010. "Modeling strategic group dynamics: A hidden Markov approach," Quantitative Marketing and Economics (QME), Springer, vol. 8(2), pages 241-274, June.
    12. Schotter, Andreas P.J. & Buchel, Olha & Vashchilko (Lukoianova), Tatiana, 2018. "Interactive visualization for research contextualization in international business," Journal of World Business, Elsevier, vol. 53(3), pages 356-372.
    13. Antonio Gozzi & Roberta Scarsi & Riccardo Spinelli, 2015. "Un?analisi dei raggruppamenti strategici nella fornitura di servizi logistici," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2015(2), pages 231-257.
    14. Kazan, Erol & Tan, Chee-Wee & Lim, Eric T.K & Sørensen, Carsten & Damsgaard, Jan, 2018. "Disentangling digital platform competition: the case of UK mobile payment platforms," LSE Research Online Documents on Economics 86345, London School of Economics and Political Science, LSE Library.
    15. 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).
    16. Ratinho, Tiago & Amezcua, Alejandro & Honig, Benson & Zeng, Zhaocheng, 2020. "Supporting entrepreneurs: A systematic review of literature and an agenda for research," Technological Forecasting and Social Change, Elsevier, vol. 154(C).
    17. Pankaj Patel & Sherry Thatcher & Katerina Bezrukova, 2013. "Organizationally-relevant configurations: the value of modeling local dependence," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(1), pages 287-311, January.
    18. Jonathan Sims & Victor P. Seidel, 2017. "Organizations coupled with communities: the strategic effects on firms engaged in community-coupled open innovation," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(4), pages 647-665.
    19. Zhi Tang & Jintong Tang, 2016. "The Impact of Competitors–Firm Power Divergence on Chinese SMES’ Environmental and Financial Performance," Journal of Business Ethics, Springer, vol. 136(1), pages 147-165, June.
    20. Malcolm J. Beynon & Rhys Andrews & George A. Boyne, 2015. "Evidence-based modelling of hybrid organizational strategies," Computational and Mathematical Organization Theory, Springer, vol. 21(1), pages 1-23, March.

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