Many Facets of Leadership, The

Chapter 31. Competitive Dynamics, Strategy, and Competence Development: The Rise of Value Confederations in Fast-Change Industries

David Lei

Over the past decade, much research has focused on the sources and conditions of approaches to building and sustaining competitive advantage. As companies compete in increasingly hypercompetitive environments, managers need to engage in multiple sets of activities (e.g., product development, entry into new markets, innovating new technologies), while simultaneously reducing the costs and risks associated with these strategic activities.^[1]

As part of their effort to learn about evolving market trends and new technological innovations, firms are establishing closer relationships and strategic alliances with ...