scholarly journals Product Strategies and Survival in Schumpeterian Environments: Evidence from the US Security Software Industry

2007 ◽  
Vol 28 (6) ◽  
pp. 909-929 ◽  
Author(s):  
Marco S. Giarratana ◽  
Andrea Fosfuri

This paper seeks to explore the drivers of survival in environments characterized by high rates of entry and exit, fragmented market shares, rapid pace of product innovation and proliferation of young ventures. The paper aims to underscore the role played by post-entry product strategies, along with their interaction, after carefully controlling for `at entry' factors and demographic conditions. Based on a population of 270 firms that entered the US security software industry between 1989 and 1998, we find evidence that surviving entities are those that are more aggressive in the adoption of versioning and portfolio broadening strategies. In particular, focusing on any one of these two strategies leads to a higher probability of survival as opposed to adopting a mixed strategy.

2013 ◽  
pp. 109-128 ◽  
Author(s):  
C. Rühl

This paper presents the highlights of the third annual edition of the BP Energy Outlook, which sets out BP’s view of the most likely developments in global energy markets to 2030, based on up-to-date analysis and taking into account developments of the past year. The Outlook’s overall expectation for growth in global energy demand is to be 36% higher in 2030 than in 2011 and almost all the growth coming from emerging economies. It also reflects shifting expectations of the pattern of supply, with unconventional sources — shale gas and tight oil together with heavy oil and biofuels — playing an increasingly important role and, in particular, transforming the energy balance of the US. While the fuel mix is evolving, fossil fuels will continue to be dominant. Oil, gas and coal are expected to converge on market shares of around 26—28% each by 2030, and non-fossil fuels — nuclear, hydro and renewables — on a share of around 6—7% each. By 2030, increasing production and moderating demand will result in the US being 99% self-sufficient in net energy. Meanwhile, with continuing steep economic growth, major emerging economies such as China and India will become increasingly reliant on energy imports. These shifts will have major impacts on trade balances.


2018 ◽  
Vol 10 (0) ◽  
pp. 1-6
Author(s):  
Anrieta Dudoit ◽  
Jonas Stankūnas

Aviation is one of the types of transport which has a crucial role in the modern world and develops with unprecedent speed. As the number of flights tends to increase, the Air Traffic Management (ATM) system has to ensure the safety of these flights and effectiveness of them. The design and use of the European routes and use of the air route network are considered to be a major causal factor of flight inefficiencies in the continent. The present ATM system needs to be reorganised to satisfy airspace operator needs and maintain safety levels, because of the recent and future predicted traffic growth and not always satisfactory indicators of the efficiency of the ATM system.The airspace is currently fragmented along national borders that is why the efficiency of flights is not assured i.e. to perform flights along optimal trajectories avoiding delays, excessive fuel burn and emissions. One of the conditions for ATM system to be more effective is connection of the airspace blocks, into Functional Airspace Blocks (FAB), within which more efficient flight could be conducted based on more direct routes connecting entry and exit points of the FAB. According to the analysis on European and US ATM systems, where the European ATM system is the sum total of a large number of separate Air Navigation Service Providers (ANSP) whereas the US system is operated by a single ANSP, it was analysed and stated that the less fragmentation there is, the more efficient flights are.The focus of this paper is to show the differences between fixed routes and direct trajectories (Great Circle) in the Baltic FAB in terms of flight distance, fuel burn and emission. The airspace is currently fragmented along national borders that is why the efficiency of flights is not assured i.e. to perform flights along optimal trajectories avoiding delays, excessive fuel burn and emissions. One of the conditions for ATM system to be more effective is connection of the airspace blocks, into Functional Airspace Blocks (FAB), within which more efficient flight could be conducted based on more direct routes connecting entry and exit points of the FAB. According to the analysis on European and US ATM systems, where the European ATM system is the sum total of a large number of separate Air Navigation Service Providers (ANSP) whereas the US system is operated by a single ANSP, it was analysed and stated that the less fragmentation there is, the more efficient flights are. The focus of this paper is to show the differences between fixed routes and direct trajectories (Great Circle) in the Baltic FAB in terms of flight distance, fuel burn and emission. Santrauka Aviacija – viena iš greitai augančių transporto šakų, kuri yra svarbi šiuolaikiniame moderniajame pasaulyje. Kadangi skrydžių nuolatos daugėja, oro eismo valdymo (OEV) sistema turi užtikrinti skrydžių saugą ir efektyvumą. Europos oro maršrutų išdėstymas ir naudojimas laikomi svarbiausiais skrydžių neefektyvumo veiksniais žemyne. Dėl esamo ir numatomo oro eismo augimo ir ne visados patenkinamų OEV sistemos efektyvumo rodiklių esama OEV sistema turi būti reorganizuota, siekiant užtikrinti oro erdvės naudotojų poreikius ir palaikyti reikalingą saugos lygį.Šiuo metu oro erdvė yra sudalyta pagal kiekvienos šalies valstybines ribas, dėl to skrydžių efektyvumas nėra optimalus, t. y. atliekami skrydžiai nevykdomi pagal optimalias trajektorijas vengiant užlaikymų, mažinant naudojamo kuro sąnaudas ir emisijas. Viena sąlyga, siekiant OEV sistemą padaryti efektyvesnę, – sujungti oro erdvės blokus į funkcinius oro erdvės blokus (FOEB), kur skrydžiai būtų vykdomi tiesesniais maršrutais tarp įskridimo ir išskridimo į FOEB taškų.Atlikus Europos OEV ir JAV sistemų analizę matyti, kad Europos OEV sistema susideda iš daugybės atskirtų oro navigacijos paslaugų teikėjų, o JAV sistemą valdo vienas oro navigacijos paslaugų teikėjas. Konstatuota, kad ten, kur fragmentacija mažesnė, skrydžių efektyvumas didesnis.Straipsnio tikslas – parodyti skirtumus tarp fiksuotųjų ir laisvųjų maršrutų Baltijos funkciniame oro erdvės bloke skrydžių atstumo, sunaudojamo kuro ir emisijų faktoriais.


Author(s):  
V. Pruzhansky

The article briefly outlines key economic principles that are used for merger appraisal in Europe and the US. We consider three most typical cases: horizontal, vertical and conglomerate mergers. We explain the main positive and negative effects that typically arise in each case. We point that the analysis of structural factors (levels of industry concentration and market shares) and barriers to entry can serve only as a starting point of the merger appraisal process. Other indicators such as closeness of competition, countervailing buyer power and customer switching, counter-reactions of rivals, levels of profitability, cost savings are far more important for the analysis of merger effects on consumers and competition. In addition, we describe general economic principles with regards to merger remedies.


2018 ◽  
Vol 30 (10) ◽  
pp. 1182-1194
Author(s):  
KwangWook Gang ◽  
Min Jeong ◽  
Minseok Park

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