IDEAS home Printed from https://ideas.repec.org/a/bla/stratm/v11y1990i3p197-215.html
   My bibliography  Save this article

Strategic groups and performance: The U.S. insurance industry, 1970–84

Author

Listed:
  • Avi Fiegenbaum
  • Howard Thomas

Abstract

The concept of strategic groups has been accepted as an important unit of analysis in understanding competitive strategy (Porter, 1980; McGee and Thomas, 1986; Hatten and Hatten, 1987). This study builds upon previous research (Hatten et al., 1978; McGee and Thomas, 1986; Harrigan, 1985; Cool, 1985; Cool and Schendel, 1987, 1988) and provides a general framework for the formation of strategic groups based upon important aspects of firm strategy. This framework is applied to the insurance industry over the 1970–84 time period and strategic implications are drawn. The empirical findings demonstrate that some performance differences exist among strategic groups, and also indicate that the structure of strategic groups (both in terms of the number, and the membership) changes over time. The use of this framework for understanding competitive positioning and developing dynamic theories of strategic group movement is also discussed.

Suggested Citation

  • Avi Fiegenbaum & Howard Thomas, 1990. "Strategic groups and performance: The U.S. insurance industry, 1970–84," Strategic Management Journal, Wiley Blackwell, vol. 11(3), pages 197-215, March.
    • Handle: RePEc:bla:stratm:v:11:y:1990:i:3:p:197-215
    DOI: 10.1002/smj.4250110303
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/smj.4250110303
    Download Restriction: no
    File URL: https://libkey.io/10.1002/smj.4250110303?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mas-Ruiz, Francisco J. & Ruiz-Conde, Enar & Calderón-Martínez, Aurora, 2018. "Strategic group influence on entry mode choices in foreign markets," International Business Review, Elsevier, vol. 27(6), pages 1259-1269.
    2. Rhonda K. Reger & Anne Sigismund Huff, 1993. "Strategic groups: A cognitive perspective," Strategic Management Journal, Wiley Blackwell, vol. 14(2), pages 103-123, February.
    3. Patrycja Chodnicka -Jaworska & Piotr Jaworski, 2019. "Insurance Companies – What Determinates Their Credit Ratings," Faculty of Management Working Paper Series 52019, University of Warsaw, Faculty of Management.
    4. María Agustí & Francisco Velasco & José L. Galán, 2021. "The dynamic slack‐performance relationship from an efficiency perspective," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(4), pages 850-862, June.
    5. Slawomir Bukowski & Marzanna Lament, 2021. "Market Structure and Financial Effectiveness of Life Insurance Companies," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 502-514.
    6. J. Vineesh Prakash & D. K. Nauriyal, 2020. "Automotive Components Industry and Profitability Factors: Evidence from India," Vision, , vol. 25(2), pages 209-223, June.
    7. Pasi Kuusela & Thomas Keil & Markku Maula, 2017. "Driven by aspirations, but in what direction? Performance shortfalls, slack resources, and resource-consuming vs. resource-freeing organizational change," Strategic Management Journal, Wiley Blackwell, vol. 38(5), pages 1101-1120, May.
    8. Paradi, Joseph C. & Zhu, Haiyan & Edelstein, Barak, 2012. "Identifying managerial groups in a large Canadian bank branch network with a DEA approach," European Journal of Operational Research, Elsevier, vol. 219(1), pages 178-187.
    9. Day, Diana L. & Lewin, Arie Y. & Li, Hongyu, 1995. "Strategic leaders or strategic groups: A longitudinal data envelopment analysis of the U.S. brewing industry," European Journal of Operational Research, Elsevier, vol. 80(3), pages 619-638, February.
    10. Marc Dressler, 2023. "Sustainable Business Model Design: A Multi-Case Approach Exploring Generic Strategies and Dynamic Capabilities on the Example of German Wine Estates," Sustainability, MDPI, vol. 15(5), pages 1-19, February.
    11. Guannan Xu & Weijie Hu & Yuanyuan Qiao & Yuan Zhou, 2020. "Mapping an innovation ecosystem using network clustering and community identification: a multi-layered framework," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(3), pages 2057-2081, September.
    12. Jordi Surroca & Diego Prior & Josep A. Tribó Giné, 2016. "Using panel data dea to measure CEOs' focus of attention: An application to the study of cognitive group membership and performance," Strategic Management Journal, Wiley Blackwell, vol. 37(2), pages 370-388, February.
    13. Lu, Wen-Min & Liu, John S. & Kweh, Qian Long & Wang, Chung-Wei, 2016. "Exploring the benchmarks of the Taiwanese investment trust corporations: Management and investment efficiency perspectives," European Journal of Operational Research, Elsevier, vol. 248(2), pages 607-618.
    14. Kim, Youngbae & Lee, Byungheon, 2002. "Patterns of technological learning among the strategic groups in the Korean Electronic Parts Industry," Research Policy, Elsevier, vol. 31(4), pages 543-567, May.
    15. Prior, Diego & Surroca, Jordi, 2006. "Strategic groups based on marginal rates: An application to the Spanish banking industry," European Journal of Operational Research, Elsevier, vol. 170(1), pages 293-314, April.
    16. Yamawaki, Hideki, 2002. "Price reactions to new competition: A study of US luxury car market, 1986-1997," International Journal of Industrial Organization, Elsevier, vol. 20(1), pages 19-39, January.
    17. Robson, Julie & van der Heijden, Hans, 2016. "Senior management perceptions of aspirational groups: A study of the UK general insurance market," Journal of Business Research, Elsevier, vol. 69(8), pages 2731-2738.
    18. Johannes Luger & Sebastian Raisch & Markus Schimmer, 2018. "Dynamic Balancing of Exploration and Exploitation: The Contingent Benefits of Ambidexterity," Organization Science, INFORMS, vol. 29(3), pages 449-470, June.
    19. Farrukh Mahmood & Robert M. Kunst, 2023. "Modeling nonlinear in Bowman’s paradox: the case of Pakistan," Empirical Economics, Springer, vol. 64(5), pages 2357-2372, May.
    20. Juan Jose Duran & Nuria Bajo, 2014. "Institutions as Determinant Factors of Corporate Responsibility Strategies of Multinational Firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 21(6), pages 301-317, November.
    21. Martinez, Marian Garcia & Poole, Nigel D., 2004. "Analysing Linkages between Strategy, Performance, Management Structure and Culture in the Spanish Fresh Produce Industry," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 7(4), pages 1-24.
    22. Xie, En & Huang, Yuanyuan & Stevens, Charles E. & Lebedev, Sergey, 2019. "Performance feedback and outward foreign direct investment by emerging economy firms," Journal of World Business, Elsevier, vol. 54(6), pages 1-1.
    23. Garcia-Pont, Carlos, 2006. "Alliances and industry analysis," IESE Research Papers D/649, IESE Business School.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:stratm:v:11:y:1990:i:3:p:197-215. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1111/0143-2095 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.