Sequencing and timing of strategic responses after industry disruption: evidence from post-deregulation competition in the U.S. railroad industry
Accepted version
Peer-reviewed
Repository URI
Repository DOI
Change log
Authors
Pettus, M
Kor, YY
Mahoney, J
Michael, S
Abstract
This paper examines the sequencing and timing of firms’ strategic responses after significant industry disruption. We show that it is not the single strategic choice or response per se, but the sequencing and patterns of consecutive strategic responses that drive a firm’s adaptation and survival in the aftermath of a shift in the industry. We find that firms’ renewal efforts involved differential adaptability in finding balance at the juxtaposition of responding to demand-side pressures and choosing a path of new capability acquisition efficiently. Our study underscores the importance of taking a sequencing approach to studying strategic responses to industry disruption.
Description
Keywords
35 Commerce, Management, Tourism and Services, 3507 Strategy, Management and Organisational Behaviour, 9 Industry, Innovation and Infrastructure
Journal Title
Strategic Organization
Conference Name
Journal ISSN
1476-1270
1741-315X
1741-315X
Volume Title
16
Publisher
SAGE