Abstract/Details

Strategy and luck: Exploring the theory of strategic configuration and market evolution by simulating dynamic competitive markets as a complex adaptive system


2000 2000

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Abstract (summary)

This dissertation explores competitive market dynamics and firm configurations of resources and capabilities as a complex adaptive system using a computer simulation. The work is an extension of the broad literature on strategy-environment alignment, integrating concepts from the organizational literature about strategic types, organizational evolutionary dynamics, the resource-based theory of the firm, microeconomics, and artificial intelligence to create a simulation system that makes the process of market evolution with heterogeneous agents available for experimentation. The work provides a means to model and study complex dynamic systems, such as evolving agents and markets, and reveals how such chaotic systems can support and undermine strategic actions initiated by agents. Results both corroborate and diverge from received theory concerning competitive advantage and luck.

Indexing (details)


Subject
Business costs;
Economics;
Demographics;
Economic theory;
Simulation;
Studies
Classification
0505: Business costs
0501: Economics
0938: Demographics
Identifier / keyword
Social sciences, Competitive markets, Complex adaptive system, Luck, Market evolution, Strategic configuration
Title
Strategy and luck: Exploring the theory of strategic configuration and market evolution by simulating dynamic competitive markets as a complex adaptive system
Author
Wilson, James M., III
Number of pages
349
Publication year
2000
Degree date
2000
School code
0118
Source
DAI-A 61/07, Dissertation Abstracts International
Place of publication
Ann Arbor
Country of publication
United States
ISBN
9780599845213, 059984521X
Advisor
Stubbart, Charles I.
University/institution
University of Massachusetts Amherst
University location
United States -- Massachusetts
Degree
Ph.D.
Source type
Dissertations & Theses
Language
English
Document type
Dissertation/Thesis
Dissertation/thesis number
9978573
ProQuest document ID
304605092
Copyright
Database copyright ProQuest LLC; ProQuest does not claim copyright in the individual underlying works.
Document URL
http://search.proquest.com/docview/304605092
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