What Does Firm Shaping of Markets Really Mean?

Constance E. Helfat ()
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Constance E. Helfat: Tuck School of Business at Dartmouth, Hanover, New Hampshire 03755

Strategy Science, 2021, vol. 6, issue 4, 360-370

Abstract: This paper seeks to enhance our understanding of the shaping of a market by a firm or set of firms competing in that market. The analysis draws on evolutionary economics and incorporates insights from prior research on shaping that has relied on a socio-cognitive perspective. The approach taken here can provide a means to more clearly distinguish shaping from adaptation and search and has implications for organization–environment coevolution and the evolution of competitive advantage.

Keywords: shaping; evolutionary economics; adaptation; search; competitive advantage; coevolution; markets; history-friendly models; innovation (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:inm:orstsc:v:6:y:2021:i:4:p:360-370

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