Managing competition risk: a critical realist philosophical exploration
Managing competition risk: a critical realist philosophical exploration
Research tends to put forward the notion that firms adapt solely to meet the challenges brought about by their competitive environments and ensuring risk. At the same time, earlier perceptual and objective critics of how firm adapt to competition have assumed that firms respond in a uniform way to risk. We use philosophical thesis of critical realism, in line with risk literatures to explore important ontological and epistemological issues surrounding ‘competition risk’. Blending a risk ontology framed within critical realism, our findings draw inspiration from military theory and practice. We argue that firms still have a lot to learn from the military on how to develop appropriate techniques for dealing with both ‘regular’ and ‘irregular’ forms of ‘competition risk’.
130-149
Ojiako, Udechukwu
ba4aa342-5408-48d7-b71d-8197388bbb80
Marshall, Alasdair
93aa95a2-c707-4807-8eaa-1de3b994b616
Luke, Michelle
01ebd476-0d8c-4fba-97c3-38ccf2ac0c78
Chipulu, Max
12545803-0d1f-4a37-b2d2-f0d21165205e
2012
Ojiako, Udechukwu
ba4aa342-5408-48d7-b71d-8197388bbb80
Marshall, Alasdair
93aa95a2-c707-4807-8eaa-1de3b994b616
Luke, Michelle
01ebd476-0d8c-4fba-97c3-38ccf2ac0c78
Chipulu, Max
12545803-0d1f-4a37-b2d2-f0d21165205e
Ojiako, Udechukwu, Marshall, Alasdair, Luke, Michelle and Chipulu, Max
(2012)
Managing competition risk: a critical realist philosophical exploration.
Competition and Change, 16 (2), .
Abstract
Research tends to put forward the notion that firms adapt solely to meet the challenges brought about by their competitive environments and ensuring risk. At the same time, earlier perceptual and objective critics of how firm adapt to competition have assumed that firms respond in a uniform way to risk. We use philosophical thesis of critical realism, in line with risk literatures to explore important ontological and epistemological issues surrounding ‘competition risk’. Blending a risk ontology framed within critical realism, our findings draw inspiration from military theory and practice. We argue that firms still have a lot to learn from the military on how to develop appropriate techniques for dealing with both ‘regular’ and ‘irregular’ forms of ‘competition risk’.
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Published date: 2012
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Local EPrints ID: 204751
URI: http://eprints.soton.ac.uk/id/eprint/204751
ISSN: 0024-6301
PURE UUID: 6c3d3379-b739-48b9-8094-8616efa80684
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Date deposited: 01 Dec 2011 14:06
Last modified: 11 Dec 2021 04:22
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Author:
Udechukwu Ojiako
Author:
Michelle Luke
Author:
Max Chipulu
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