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Modeling strategic group dynamics: A hidden Markov approach

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  • Peter Ebbes
  • Rajdeep Grewal
  • Wayne DeSarbo

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  • 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.
    • Handle: RePEc:kap:qmktec:v:8:y:2010:i:2:p:241-274
    DOI: 10.1007/s11129-010-9081-0
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    References listed on IDEAS

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    2. Rosen, Sherwin, 2007. "Studies in Labor Markets," National Bureau of Economic Research Books, University of Chicago Press, number 9780226726304, December.
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    4. Oded Netzer & James M. Lattin & V. Srinivasan, 2008. "A Hidden Markov Model of Customer Relationship Dynamics," Marketing Science, INFORMS, vol. 27(2), pages 185-204, 03-04.
    5. John McGee & Howard Thomas, 1986. "Strategic groups: Theory, research and taxonomy," Strategic Management Journal, Wiley Blackwell, vol. 7(2), pages 141-160, March.
    6. Joseph F. Porac & Howard Thomas & Charles Baden‐Fuller, 1989. "Competitive Groups As Cognitive Communities: The Case Of Scottish Knitwear Manufacturers," Journal of Management Studies, Wiley Blackwell, vol. 26(4), pages 397-416, July.
    7. Deepika Nath & Thomas S. Gruca, 1997. "Convergence across alternative methods for forming strategic groups," Strategic Management Journal, Wiley Blackwell, vol. 18(9), pages 745-760, October.
    8. Smith, Aaron & Naik, Prasad A. & Tsai, Chih-Ling, 2006. "Markov-switching model selection using Kullback-Leibler divergence," Journal of Econometrics, Elsevier, vol. 134(2), pages 553-577, October.
    9. Pam Lewis & Howard Thomas, 1990. "The linkage between strategy, strategic groups, and performance in the U.K. retail grocery industry," Strategic Management Journal, Wiley Blackwell, vol. 11(5), pages 385-397, September.
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    12. Serrano-Cinca, C., 1996. "From Financial Information to Strategic Groups: A Self-Organizing Neural Network Approach," Papers 96-125, University of Southampton - Department of Accounting and Management Science.
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    16. Wayne S. DeSarbo & Rajdeep Grewal, 2008. "Hybrid strategic groups," Strategic Management Journal, Wiley Blackwell, vol. 29(3), pages 293-317, March.
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    19. D. Sudharshan & Howard Thomas & Avi Fiegenbaum, 1991. "Assessing Mobility Barriers In Dynamic Strategic Groups Analysis," Journal of Management Studies, Wiley Blackwell, vol. 28(5), pages 429-438, September.
    20. Wernerfelt, Birger & Montgomery, Cynthia A, 1988. "Tobin's q and the Importance of Focus in Firm Performance," American Economic Review, American Economic Association, vol. 78(1), pages 246-250, March.
    21. Briance Mascarenhas & David A. Aaker, 1989. "Mobility barriers and strategic groups," Strategic Management Journal, Wiley Blackwell, vol. 10(5), pages 475-485, September.
    22. Avi Fiegenbaum & Howard Thomas & Ming-Je Tang, 2001. "Linking hypercompetition and strategic group theories: strategic maneuvering in the US insurance industry," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 22(4-5), pages 265-279.
    23. Amel, Dean F & Rhoades, Stephen A, 1988. "Strategic Groups in Banking," The Review of Economics and Statistics, MIT Press, vol. 70(4), pages 685-689, November.
    24. Anil Nair & Larry Filer, 2003. "Cointegration of firm strategies within groups: a long‐run analysis of firm behavior in the Japanese steel industry," Strategic Management Journal, Wiley Blackwell, vol. 24(2), pages 145-159, February.
    25. Scott S. L., 2002. "Bayesian Methods for Hidden Markov Models: Recursive Computing in the 21st Century," Journal of the American Statistical Association, American Statistical Association, vol. 97, pages 337-351, March.
    26. Ken G. Smith & Curtis M. Grimm & Greg Young & Stefan Wally, 1997. "Strategic Groups And Rivalrous Firm Behavior: Towards A Reconciliation," Strategic Management Journal, Wiley Blackwell, vol. 18(2), pages 149-157, February.
    27. Robert C. Blattberg & Kenneth J. Wisniewski, 1989. "Price-Induced Patterns of Competition," Marketing Science, INFORMS, vol. 8(4), pages 291-309.
    28. Gerry McNamara & David L. Deephouse & Rebecca A. Luce, 2003. "Competitive positioning within and across a strategic group structure: the performance of core, secondary, and solitary firms," Strategic Management Journal, Wiley Blackwell, vol. 24(2), pages 161-181, February.
    29. James J. Heckman, 1981. "Heterogeneity and State Dependence," NBER Chapters, in: Studies in Labor Markets, pages 91-140, National Bureau of Economic Research, Inc.
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    Citations

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    Cited by:

    1. Kappe, Eelco & Stadler Blank, Ashley & DeSarbo, Wayne S., 2018. "A random coefficients mixture hidden Markov model for marketing research," International Journal of Research in Marketing, Elsevier, vol. 35(3), pages 415-431.
    2. Shingo Yoshida & Hironori Yagi & Akira Kiminami & Guy Garrod, 2019. "Farm Diversification and Sustainability of Multifunctional Peri-Urban Agriculture: Entrepreneurial Attributes of Advanced Diversification in Japan," Sustainability, MDPI, vol. 11(10), pages 1-21, May.
    3. Peter Ebbes & Oded Netzer, 2022. "Using Social Network Activity Data to Identify and Target Job Seekers," Management Science, INFORMS, vol. 68(4), pages 3026-3046, April.
    4. Amirali Kani & Wayne S. DeSarbo & Duncan K. H. Fong, 2018. "A Factorial Hidden Markov Model for the Analysis of Temporal Change in Choice Models," Customer Needs and Solutions, Springer;Institute for Sustainable Innovation and Growth (iSIG), vol. 5(3), pages 162-177, December.
    5. Chen, Xian & Bai, Shuotian & Wei, Yongqin & Zhao, Yanhui & Yan, Peng & Jiang, Hai, 2023. "Passenger engagement dynamics in ride-hailing services: A heterogeneous hidden Markov approach," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 171(C).
    6. Lucas Lopes Ferreira de Souza & Francesca Bassi & Ana Augusta Ferreira de Freitas, 2021. "Longitudinal analysis of microfinance borrowers in Brazil: A dynamic market segmentation," Journal of International Development, John Wiley & Sons, Ltd., vol. 33(6), pages 1063-1083, August.
    7. 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).

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    More about this item

    Keywords

    Strategic groups; Competition; Dynamic analysis; Hidden Markov models; Banking strategy; Marketing strategy; C11; L22; G21;
    All these keywords.

    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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