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- W2044284989 abstract "Current models of organizational development, particularly the punctuated equilibrium model, explore how industry conditions and trends shape the evolution of firms or business units within that industry over time. From this perspective, firms evolve from entrepreneurial strategies, informal structure and radical innovation towards increasingly competitive strategies stressing a focus on efficiency through formalized structures, tight managerial control systems and incremental innovation (Abernathy & Clark, 1985; Moore & Tushman, 1982; Tushman & Romanelli, 1985) as the industry matures. As a result, periods of radical product innovation are perceived as a short-lived phenomenon or as a temporary aberration from more normative patterns of stability during periods of industrial discontinuity and chaos. However, this description of an environmental-strategy fit is functional primarily for large organizations in relatively stable industries. Research on strategic fit in environments characterized by high degrees of demand uncertainty and technological instability reveals that some organizations consistently choose alternative strategies based on a focus on creativity and innovation. This paper examines how the punctuated equilibrium model can be adapted to describe these environments characterized by high uncertainty, and to explain how certain firms proactively pursue strategies, structures, and managerial styles consistent with ongoing radical innovation across developmental stages as a viable source of competitive advantage. The paper concludes by exploring how strategy theory can be integrated with the punctuated disequilibrium model to account for this unexpected range of strategic variation." @default.
- W2044284989 created "2016-06-24" @default.
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- W2044284989 date "1992-03-01" @default.
- W2044284989 modified "2023-09-27" @default.
- W2044284989 title "Entrepreneurial strategies and radical innovation: A punctuated disequilibrium approach" @default.
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- W2044284989 doi "https://doi.org/10.1016/1047-8310(92)90005-m" @default.
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