Download Competitive Dynamics in the Global Insurance Industry: by Markus Schimmer PDF

By Markus Schimmer

This thesis investigates the aggressive dynamics within the international coverage from 1999 to 2008. After reviewing the present kingdom of the educational debate on interfirm contention, it derives a study time table spanning varied degrees of research and phenomena of curiosity. particularly, the thesis explores (1) how and why organizations always modify their strategic profiles within the presence of an industry's strategic staff constitution, (2) no matter if industry shocks (namely 9-11 and storm Katrina) briefly switch the decision-logic underlying aggressive offerings, and (3) even if inventory markets reply in a different way to aggressive strikes that stick with a basically said strategic rationale.​

Show description

Read or Download Competitive Dynamics in the Global Insurance Industry: Strategic Groups, Competitive Moves, and Firm Performance PDF

Similar dynamics books

Economic Dynamics: Theory and Computation

This article presents an advent to the fashionable conception of financial dynamics, with emphasis on mathematical and computational concepts for modeling dynamic structures. Written to be either rigorous and fascinating, the publication indicates how sound knowing of the underlying thought results in potent algorithms for fixing genuine international difficulties.

Cities and Regions as Self-organizing Systems: Models of Complexity (Environmental Problems & Social Dynamics Series, Vol 1)

A transparent methodological and philosophical advent to complexity conception as utilized to city and nearby structures is given, including a close sequence of modelling case reviews compiled over the past couple of many years. according to the recent complicated structures considering, mathematical types are constructed which try to simulate the evolution of cities, towns, and areas and the advanced co-evolutionary interplay there is either among and inside of them.

Relativistic Fluid Dynamics

Pham Mau Quam: Problèmes mathématiques en hydrodynamique relativiste. - A. Lichnerowicz: Ondes de choc, ondes infinitésimales et rayons en hydrodynamique et magnétohydrodynamique relativistes. - A. H. Taub: Variational rules more often than not relativity. - J. Ehlers: normal relativistic kinetic idea of gases.

Lithosphere Dynamics and Sedimentary Basins: The Arabian Plate and Analogues

This e-book will represent the complaints of the ILP Workshop held in Abu Dhabi in December 2009. it's going to contain a reprint of the eleven papers released within the December 2010 factor of the AJGS, including eleven different unique papers.

Extra info for Competitive Dynamics in the Global Insurance Industry: Strategic Groups, Competitive Moves, and Firm Performance

Sample text

Measures Dependent Variable Strategic cOllvergence-diverg~"cl!. With reference to its own strategic group, a focal finn's repositioning can either take the form of convergence or divergence. Following prior research (Carroll, Pandian, & Thomas, 1994; Chen & Hambrick, 1995; Cool & Dierickx, 1993; Gimeno & Woo, 1996; Park, 2007), we operationalize a finn's degree of convergence or divergence using a distance measure which quaotifies the strategic distance a firm covers during each year within the strategic space of the industry vis-a-vis its own strategic group.

Both stopping rules suggested a five cluster solution for all years, which is in line with the experts' assessment To further validate our clustering results, we triangulated our results with the initial clustering of our industry experts. In particular, we searched for the "ideal type" firms chosen by the industry experts and found them in the correct strategic Convergence-Divergence Within Strategic Groups 41 groups. , 2003; Thomas & Venkatramao, 1988). In doing so, we fouod that our cluster solutions cleanly discriminated between P&L aod Life insurers, two natorally occurring groups within the insuraoce industry (Nair & Kotha, 2001), as well as between firms that focus on private or corporate customers.

When firms perform below their managers' aspiration levels, prior research found that managers opt for riskier choices (Fiegenbaum, 1990; Fiegenbaum & Thomas, 1986, 1988; Lehner, 2000; Park, 2007). Though this finding could also be related to the characteristics of problemistic search processes (Cyer! & March, 1963), most prior studies refer to Kahncman and Tversky's (1979) prospect theory for an explanation. Rooted in psycbological research on how rationally bounded decision-makers evaluate the distributional properties of payoffs of alternative choices ("prospects") in dependence on wbether they bave already accrued a gain or loss (Kshncman & Tversky, 1979,2000), prospect theory is based on more realistic assumptions on human decision makers than prior theories on risk preferences (von Neumann & Morgenstern, 1953).

Download PDF sample

Download Competitive Dynamics in the Global Insurance Industry: by Markus Schimmer PDF
Rated 4.46 of 5 – based on 8 votes