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The rise and fall of a market leader: Frozen foods in the U.K.
Author(s) -
Heil Oliver,
Geroski Paul,
Vlassopoulos Tassos
Publication year - 1991
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250120607
Subject(s) - argument (complex analysis) , control (management) , economics , cold war , market economy , political science , management , law , politics , biochemistry , chemistry
This paper explores the nature of competitive assets that are based on control of part of a market's infrastructure using a case study of the U.K. frozen food market. Following an argument due to Stigler, the thesis of the paper is that such assets are inherently transitory, and that positions of market leadership based on them tend to erode. This argument is consistent with the experiences of Birds Eye during the post‐War period.