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Publication Details
AFRICAN RESEARCH NEXUS
SHINING A SPOTLIGHT ON AFRICAN RESEARCH
business, management and accounting
Escaping the red queen effect in competitive strategy: Sense-testing business models
European Management Journal, Volume 23, No. 1, Year 2005
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Description
Most business models are based on traditional ways of strategy formulation and implementation, leading to incremental and not disruptive change in the nature of business and industry practices. The 'red queen effect' refers to the red queen's advice in Lewis Carroll's Through the Looking Glass in which she says, in order to stay in a (competitive) place you have to run very hard, whereas to get anywhere you have to run even harder. In today's knowledge and mobile environments we know that businesses cannot survive by just running harder, but rather by running differently and 'smarter' than competitors. The article suggests a sense-testing tool for managers to enable disruptive innovation of business models through corporate examples and case study evidence. © 2005 Elsevier Ltd. All rights reserved.
Authors & Co-Authors
Voelpel, Sven C.
Germany, Bremen
Constructor University
Leibold, Marius
South Africa, Stellenbosch
Stellenbosch University
Tekie, Eden B.
South Africa, Stellenbosch
Stellenbosch University
Von Krogh, Georg
Switzerland, St Gallen
University of St. Gallen
Statistics
Citations: 156
Authors: 4
Affiliations: 3
Identifiers
Doi:
10.1016/j.emj.2004.12.008
ISSN:
02632373
Study Design
Case Study
Study Approach
Qualitative