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Why Do Firms Imitate Each Other?
Scholars from diverse disciplines have proposed numerous theories of business imitation. We organize these theories into two broad categories: (1) information-based theories, where firms follow others that are perceived as having superior information, and (2) rivalry-based theories, where firms imit...
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Published in: | The Academy of Management review 2006-04, Vol.31 (2), p.366-385 |
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container_title | The Academy of Management review |
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creator | Lieberman, Marvin B. Asaba, Shigeru |
description | Scholars from diverse disciplines have proposed numerous theories of business imitation. We organize these theories into two broad categories: (1) information-based theories, where firms follow others that are perceived as having superior information, and (2) rivalry-based theories, where firms imitate others to maintain competitive parity or limit rivalry. We describe conditions under which each type of imitation is most likely and offer guidance on identifying imitation in practice. Amplification effects and other performance implications of imitation are also addressed. |
doi_str_mv | 10.5465/AMR.2006.20208686 |
format | article |
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subjects | Business management Business strategies Business structures Business studies Competitive advantage Corporate strategies Cultural imitation Economic competition Economic networks Economic resources Economic theory Financial investments Firm theory Information theory Internet Observational learning Organization theory Organizational behavior Rivalry Studies |
title | Why Do Firms Imitate Each Other? |
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