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    Using the weapons you have: the role of resources and competitor orientation as enablers and inhibitors of competitive reaction to new products

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    Publication type
    Vlerick strategic journal article
    Author
    Debruyne, Marion
    Frambach, Ruud
    Moenaert, Rudy
    Publication Year
    2010
    Journal
    Journal of Product Innovation Management
    Publication Volume
    27
    Publication Issue
    2
    Publication Begin page
    161
    Publication End page
    178
    
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    Abstract
    It is a well‐accepted notion that to respond to competitive attacks firms need the necessary resources to do so. However, the presence of resources may not be a sufficient condition to enhance competitive responsiveness. Following a managerial decision‐making approach, the present paper investigates how the availability of resources affects decision makers' assessment of a competitor's new product and their subsequent reaction to it. This study posits that competitive reaction follows from a decision maker's assessment of a competitive action. This assessment contains a motivation dimension and an ability dimension. The effect of three types of resources—financial, marketing, and technological—are examined. A quasi‐experiment with the Markstrat business game as an empirical setting provided 339 questionnaires containing information on 29 different new product introductions. The motivation and ability dimensions are confirmed as important antecedents explaining reaction behavior. The results show that resources possess a dual, and opposing, role in influencing competitive reaction to new products. On the one hand, resources enhance decision makers' belief that they are able to react effectively to competitive attacks, but the presence of resources also makes them less motivated to react. The paper introduces two explanations for this: the liability‐of‐wealth hypothesis and the strong‐competitor hypothesis. The addition of competitor orientation as a moderator allows us to discern between the two competing rationales for the existence of a negative effect of resources on the expected likelihood of success of a competitive new product introduction, supporting the liability‐of‐wealth hypothesis. The paper demonstrates the key role of competitor orientation and formulates implications from that.
    Knowledge Domain/Industry
    Marketing & Sales
    DOI
    10.1111/j.1540-5885.2010.00708.x
    URI
    http://hdl.handle.net/20.500.12127/2934
    ae974a485f413a2113503eed53cd6c53
    10.1111/j.1540-5885.2010.00708.x
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