The Model of Forming Competitive Strategy of an Enterprise under the Conditions of Oligopolic Market
The Model of Forming Competitive Strategy of an Enterprise under the Conditions of Oligopolic Market
Author(s): Romualdas Ginevičius, Algirdas Krivka, Jolita ŠimkūnaitėSubject(s): Economy
Published by: Vilnius Gediminas Technical University
Keywords: competitive strategy; oligopolic market; model; multicriteria evaluation; SAW; TOPSIS; VIKOR
Summary/Abstract: The article presents the original and scientifically brand new model of forming the integrated competitive strategy of an enterprise under the conditions of oligopolic market, followed by the cases of empirical application. The integrated competitive strategy of oligopolic enterprise is considered to be the concerted set of partial (detailed) competitive strategies targeting the certain elements of internal and external environment of an enterprise, determining its strategic position and influencing performance. The complex assessment of the estimated impact of partial competitive strategies on performance criteria is implemented (multicriteria evaluation methods are applied) in order to indicate the detailed strategies, having the highest potential influence on enterprise performance (to be selected to form the integrated competitive strategy), and to determine their scales (weights in the structure of the integrated strategy). The results of empirical application of the model are proposed to be employed to set up long-term goals and choose the main directions of business strategy of an enterprise, to distribute financial, human and other resources for strategic actions to be designed and implemented.
Journal: Journal of Business Economics and Management
- Issue Year: 2010
- Issue No: 3
- Page Range: 367-395
- Page Count: 29
- Language: English