Abstract: In this study we will introduce a hybrid model to describe competition in a constantly developing market environment. A hybrid model referred here is a model that has both system dynamic and agent-based elements. Modeling effort begins from a literature review to strategic management and management of technology. From this background we build a model combining the theories from multiple theory tracks. The model is used to test the effects of more rapid strategy process to firm’s profitability. To test the results we use statistical methods to analyze the data gathered from sensitivity runs. Our model founds support for the proposition that increasing agility increases also the competitive advantage of the firm. We also conclude that hybrid modeling is a strong research tool, but it comes with drawbacks of high hardware requirements and challenging more complex modeling tools.

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Date created

• 2009 July 26-2009 July 30

Type

• Document

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• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

License

• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

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4818cb531cdd68d6ec6af3f291216fc7

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Part of

b3584c6b53c3f58e0202549d7d851f84

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Part of

23d738ba88f8333bc39725f9cb5bd0b8

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Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives