The predictive validity of the Karnani and Wernerfelt model of multipoint competition

Faye I. Smith and Rick L. Wilson

Strategic Management Journal, 1995, vol. 16, issue 2, 143-160

Abstract: This study is the first to examine the predictive validity of the Karnani and Wernerfelt theoretical model. We developed measures for four variables, and explored whether they successfully operationalized the dimensions in the theoretical model. The model proposed four response strategies, and six were observed in the data. Incumbent firms most frequently did not respond at all to another firm's entry, even though a counterattack response was predicted by the model. Since the independent variables did not predict responses as proposed by the model, exploratory analyses identified “best” predictors of responses.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:bla:stratm:v:16:y:1995:i:2:p:143-160

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