Factor Market Rivalry, Factor Market Myopia, and Strategic Blind Spots: The Case of the Truck Driver Labor Market
This article explores the relationships among factor market rivalry, factor market myopia, and strategic blind spots in the context of the labor market for truck drivers. Levitt (1960) developed the concept of market myopia to explain how managers often overlooked key competitors in product markets. Trucking managers might do the same thing in looking at competition for truck drivers. Factor market myopia and strategic blind spots help to explain how this happens, and how it becomes more severe in the context of factor market rivalry. In the trucking industry, factor market myopia and strategic blind spots may mean that managers overlook competition for workers who not only can drive trucks, but can also do many other jobs. The authors find that the labor market for truck drivers offers important lessons on the practical and theoretical ways in which these ideas interact.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/oclc/22177955
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Supplemental Notes:
- ©2020 Stephen A. LeMay et al.
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Authors:
- LeMay, Stephen A
- McMahon, Dave
- Batchelor, John
- Keller, Batchelor
- Publication Date: 2020
Language
- English
Media Info
- Media Type: Web
- Features: References; Tables;
- Pagination: pp 9-22
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Serial:
- Journal of Transportation Management
- Volume: 31
- Issue Number: 1
- Publisher: Wayne State University
- ISSN: 1058-6199
- Serial URL: https://digitalcommons.wayne.edu/jotm/
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Publication flags:
Open Access (libre)
Subject/Index Terms
- TRT Terms: Competition; Human resources management; Labor market; Truck drivers; Trucking
- Subject Areas: Administration and Management; Motor Carriers;
Filing Info
- Accession Number: 01846103
- Record Type: Publication
- Files: TRIS
- Created Date: May 23 2022 2:35PM