Business group or corporate group is a set of enterprises acting in a given sector that implement a similar competitive strategy. This similar strategy can be determined by key success factors common for a given industry (such as specialization, brand, distribution channels, product quality, technical leadership, vertical integration, services, price, etc.), although they occur in individual companies in a different form. The characteristics of closer and further competitors allow them to be qualified as business group. However, business groups are not stable entity, in time competition for dominance on the market is constantly going on and new actors can enter the business group of leave them. Main factors considered during business group identification are:
- resources and skills possessed by the members of the group
- risk attitude and business goals
- barriers of mobility
- structural changes in the sector
- Carney, M., Gedajlovic, E. R., Heugens, P. P., Van Essen, M., & Van Oosterhout, J. (2011). Business group affiliation, performance, context, and strategy: A meta-analysis. Academy of Management Journal, 54(3), 437-460.
- Friedman, J., & Rowlands, M. J. (1977). The Evolution ofSocial Systems (pp. pp-201). Duckworth: London.
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