Agglomeration efects and strategic orientations: Evidence from the US lodging industry

• 成果类型: Article
• 署名作者: Canina, L; Enz, CA; Harrison, JS
• 署名单位: Cornell University; University of Richmond
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• 发表日期: 2005
• 页码: 565-581
• 关键词: MANHATTAN HOTEL INDUSTRY; externalities; KNOWLEDGE; networks; clusters; DYNAMICS

摘要

This study provides evidence regarding the strategic dynamics of competitive clusters. Firms that agglomerate (co-locate) may benefit from the differentiation of competitors without making similar differentiating investments themselves. Alternatively, co-locating with a high percentage of firms with low-cost strategic orientations reduces performance for firms pursuing high levels of differentiation. Further, the lowest-cost providers with the greatest strategic distance from the norm of the competitive cluster reap the greatest benefit from co-location with differentiated firms. We find empirical support for these ideas using a sample of 14,995 U.S. lodging establishments, and controlling for a number of key demand-shaping factors.