IDEAS home Printed from https://ideas.repec.org/a/bla/stratm/v24y2003i10p1027-1041.html
   My bibliography  Save this article

Scanning dynamic competitive landscapes: a market‐based and resource‐based framework

Author

Listed:
  • Margaret A. Peteraf
  • Mark E. Bergen

Abstract

Heterogeneity among rivals implies that each firm faces a unique competitive set, despite overlapping market domains. This suggests the utility of a firm‐level approach to competitor identification and analysis, particularly under dynamic environmental conditions. We take such an approach in developing a market‐based and resource‐based framework for scanning complex competitive fields. By facilitating a search for functional similarities among products and resources, the framework reveals relevant commonalities in an otherwise heterogeneous competitive set. Beyond its practical contribution, the paper also advances resource‐based theory as a theory of competitive advantage. Most notably, we show that resource substitution conditions not only the sustainability of a competitive advantage, but the attainment of competitive advantage as well. With equifinality among resources of different types, the rareness condition for even temporary competitive advantage must include resource substitutes. It is not rareness in terms of resource type that matters, but rareness in terms of resource functionality. Copyright © 2003 John Wiley & Sons, Ltd.

Suggested Citation

  • Margaret A. Peteraf & Mark E. Bergen, 2003. "Scanning dynamic competitive landscapes: a market‐based and resource‐based framework," Strategic Management Journal, Wiley Blackwell, vol. 24(10), pages 1027-1041, October.
    • Handle: RePEc:bla:stratm:v:24:y:2003:i:10:p:1027-1041
    DOI: 10.1002/smj.325
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/smj.325
    Download Restriction: no
    File URL: https://libkey.io/10.1002/smj.325?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
    ---><---

    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:24:y:2003:i:10:p:1027-1041. 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.