To examine the importance of the strategic group concept to the Strategic Management of firms, the following research questions were addressed in the context of the U.S. pharmaceutical industry for the period 1963-1982: (1) What is "strategic" about strategic groups? (2) Do strategic groups...

The focus of this paper is on three major questions: (1) what is the theoretical rationale for the strategic group concept?; (2) does strategic group membership have performance implications?; and (3) are strategic groups and membership in strategic groups stable characteristics of industries? A...

We examine how time-consuming resource accumulation influences the classic strategy trade-off between commitment and flexibility. In particular, using data from the worldwide petrochemical industry during the period 1975 to 1995, we study the impact of new plants’ time-to-build on firms’...