Keeping both eyes on the competition: Strategic adjustment to multiple targets in the UK mobile phone industry
研究了企业如何同时以行业集体决策和市场领导者为参照目标进行战略调整，利用1997-2008年英国14家公司的570款手机模型数据检验假设。
Research suggests that firms avoid excessive differentiation or conformity by using industry competitors as reference targets in a process that Snow and Hambrick call ‘strategic adjustment’. To date explanations of strategic adjustment have focused on the influence of one of two sources: (1) firms base targets on the collective strategic decisions of other firms in the industry; and (2) firms base targets on the strategic decisions of the market leader. This article explores how both these sources influence strategic adjustment by looking at the product portfolio strategies of firms in industries where competitive positions depend on periodically launching models with multiple features and functionalities. The authors develop hypotheses on when firms use targets based on collective industry product decisions and/or the market leader product decisions. These hypotheses are tested using data on 570 mobile phone models launched in the UK by 14 firms from 1997 to 2008.