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SCHUMPETER S GHOST - wiggo.com

SCHUMPETER S GHOST : IS HYPERCOMPETITION MAKING THE BEST OF TIMES SHORTER? by Robert R. Wiggins Fogelman College of Business and Economics University of Memphis Memphis, TN 38152 (901) 678-5719 and Timothy W. Ruefli Department of Management Science and Information Systems McCombs School of Business and IC2 Institute University of Texas at Austin Austin, TX 78712 (512) 471-9454 Accepted for publication in Strategic Management Journal Pre-press version: Please do not quote or cite until publication Manuscript May 5, 2005 2 SCHUMPETER S GHOST : IS HYPERCOMPETITION MAKING THE BEST OF TIMES SHORTER?

SMJ03-5327.FINAL 2 SCHUMPETER’S GHOST: IS HYPERCOMPETITION MAKING THE BEST OF TIMES SHORTER? ABSTRACT At the center of Schumpeter’s theory of competitive behavior is the assertion that competitive advantage will become increasingly more difficult to sustain in a wide range of industries.

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