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Industry Dynamics with Knowledge-Based Competition

2014
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Release : 2014
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Book Synopsis Industry Dynamics with Knowledge-Based Competition by : Myong-Hun Chang

Download or read book Industry Dynamics with Knowledge-Based Competition written by Myong-Hun Chang. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: I propose a computational model of industry evolution capable of matching many stylized facts. It views the firm as a myopic but adaptive entity whose survival depends on its ability to perform various activities with greater efficiency than its rivals. In this model, the shakeout pattern arises naturally in the early stage of industrial development. I provide a full comparative dynamics analysis of how various industry-specific factors determine the numbers and the rates of entries and exits over time as well as the ages of the exiting firms.

Knowledge-Based Dynamic Capabilities

2019-06-29 Business & Economics
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Release : 2019-06-29
Genre : Business & Economics
Kind : eBook
Book Rating : 497/5 ( reviews)

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Book Synopsis Knowledge-Based Dynamic Capabilities by : Vaneet Kaur

Download or read book Knowledge-Based Dynamic Capabilities written by Vaneet Kaur. This book was released on 2019-06-29. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a knowledge-based view to the dynamic capabilities in an organization. The author integrates two existing views on gaining competitive advantage: the Knowledge View which suggests that the capability of organizations to learn faster than competitors is the only source of competitiveness; and the Dynamic Capability View which speculates that a firm’s competitive advantage rests on dynamic capabilities which enable a firm to constantly renew the stock of ordinary organizational capabilities in accordance with the changes in the business environment. Using the IT sector in India as a case study, this book provides and tests a new framework--Knowledge-Based Dynamic Capabilities—in the prediction of competitive advantage in organizations.

A Computational Model of Industry Dynamics

2015-01-09 Business & Economics
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Release : 2015-01-09
Genre : Business & Economics
Kind : eBook
Book Rating : 846/5 ( reviews)

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Book Synopsis A Computational Model of Industry Dynamics by : Myong-Hun Chang

Download or read book A Computational Model of Industry Dynamics written by Myong-Hun Chang. This book was released on 2015-01-09. Available in PDF, EPUB and Kindle. Book excerpt: The economics literature on industry dynamics contains a wide array of empirical works identifying a set of stylized facts. There have been several attempts at constructing analytical models to explain some of these regularities. These attempts are highly stylized and limited in scope to keep the analyses tractable. A general model of industry evolution capable of generating firm and industry behaviour that can match the data is needed. This book endeavours to explain many well-documented aspects of the evolution of industries over time. It uses an agent-based computational model in which artificial industries are created and grown to maturity in silico. While the firms in the model are assumed to have bounded rationality, they are nevertheless adaptive in the sense that their experience-based R&D efforts allow them to search for improved technologies. Given a technological environment subject to persistent and unexpected external shocks, the computationally generated industry remains in a perennial state of flux. The main objective of this study is to identify patterns that exist in the movements of firms as the industry evolves over time along the steady state in which the measured behaviour of the firms and the industry stochastically fluctuate around steady means. The computational model developed in this book is able to replicate many of the stylized facts from the empirical industrial organization literature, particularly as the facts pertain to the dynamics of firm entry and exit. Furthermore, the model allows examination of cross-industry variations in entry and exit patterns by systematically varying the characteristics of the market and the technological environment within which the computationally generated industry evolves. The model demonstrates that the computational approach based on boundedly rational agents in a dynamic setting can be useful and effective in carrying out both positive and normative economic analysis.

Sustaining Competitive Advantage via Business Intelligence, Knowledge Management, and System Dynamics

2015-10-07 Business & Economics
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Release : 2015-10-07
Genre : Business & Economics
Kind : eBook
Book Rating : 637/5 ( reviews)

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Book Synopsis Sustaining Competitive Advantage via Business Intelligence, Knowledge Management, and System Dynamics by : Mohammed Quaddus

Download or read book Sustaining Competitive Advantage via Business Intelligence, Knowledge Management, and System Dynamics written by Mohammed Quaddus. This book was released on 2015-10-07. Available in PDF, EPUB and Kindle. Book excerpt: Volume 22 includes two main chapters in both Part A and B. It appears in two parts because all chapters offer great depth in coverage of core issues senior executives must address for long-term survival of the firm: business intelligence, knowledge management, and understanding of the systems dynamics of interfirm behavior.

A focussed Issue on Competence Perspectives on New Industry Dynamics

2012-10-05 Business & Economics
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Release : 2012-10-05
Genre : Business & Economics
Kind : eBook
Book Rating : 833/5 ( reviews)

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Book Synopsis A focussed Issue on Competence Perspectives on New Industry Dynamics by : Ron Sanchez

Download or read book A focussed Issue on Competence Perspectives on New Industry Dynamics written by Ron Sanchez. This book was released on 2012-10-05. Available in PDF, EPUB and Kindle. Book excerpt: The papers in volume 6 of Research in Competence-Based Management identify, elaborate theoretically, and investigate empirically a number of new kinds of dynamics in industries and product markets.

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