A Multidimensional Conceptualization of Environmental Velocity
Academy of Management Review, Vol. 35, No. 4, 604-626, 2010
23 Pages Posted: 15 Dec 2013
Date Written: October 23, 2010
Environmental velocity has emerged as an important concept but remains theoretically underdeveloped, particularly with respect to its multidimensionality. In response, we develop a framework that examines the variations in velocity across multiple dimensions of the environment (homology) and the causal linkages between those velocities (coupling). We then propose four velocity regimes based on different patterns of homology and coupling and argue that the conditions of each regime have important implications for organizations.
Keywords: high-velocity, environmental velocity, dynamism, innovation, fashion, biotechnology, homology, coupling, temporal, monochronic, polychronic, strategic change, entrainment
JEL Classification: L10, L20, M10, M20, M10
Suggested Citation: Suggested Citation