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Co-Evolution of Firm Capabilities and Industry Competition: Investigating the Music Industry, 1877-1997

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TLDR
In this paper, an integrated analysis of these search processes at both firm and industry levels of analysis shows how their interaction makes industries and firms co-evolve over time, through competitive dynamics among new entrants and incumbent firms and manifests itself in the simultaneous emergence of new business models and new organizational forms.
Abstract
This paper proposes that rival firms not only search for new capabilities within their organization, but also for those that rest in their competitive environment. An integrated analysis of these search processes at both firm and industry levels of analysis shows how their interaction makes industries and firms co-evolve over time. To contribute to an enhanced understanding of the concept of co-evolution, a dynamic and integrative framework crossing meso and micro levels of analysis is constructed. This framework is applied to a longitudinal study of the music industry with a time-span of 120 years. The first part, a historical study, covers the period 1877-1990. The second part, a multiple-case study, covers the period 1990-1997. We conclude that search behaviour drives co-evolution through competitive dynamics among new entrants and incumbent firms and manifests itself in the simultaneous emergence of new business models and new organizational forms.

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Journal ArticleDOI

PERSPECTIVE---Absorbing the Concept of Absorptive Capacity: How to Realize Its Potential in the Organization Field

TL;DR: It is argued that realizing the potential of the absorptive capacity concept requires more research that shows how “micro-antecedents” and “macro-antechedents" influence future outcomes such as competitive advantage, innovation, and firm performance.
Journal ArticleDOI

Absorbing the Concept of Absorptive Capacity: How to Realize Its Potential in the Organization Field

TL;DR: In this article, the authors present an integrative model that identifies the multi-level antecedents, process dimensions, and outcomes of absorptive capacity as well as the contextual factors that affect absorptive capacities.
Journal ArticleDOI

Management Innovation: Management as Fertile Ground for Innovation

TL;DR: In this article, the authors define management innovation as "changing a firm's organizational form, practices and processes in a way that is new to the firm and/or industry, and results in leveraging the firm's technological knowledge base and its performance in terms of innovation, productivity and competitiveness".
Journal ArticleDOI

The Cluster as Market Organisation

TL;DR: In this article, the authors view clusters as a specific spatial configuration of the economy suitable for the creation, transfer and usage of knowledge, and investigate how the modern exchange-economy becomes orga...
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Cognitive Dynamics of Capability Development Paths

TL;DR: The effects of managerial cognition can be detected at three distinct levels of capability development, and the role of managerial foresight influences the way in which a firm's capability constellation morphs over time.
References
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Book

Case Study Research: Design and Methods

Robert K. Yin
TL;DR: In this article, buku ini mencakup lebih dari 50 studi kasus, memberikan perhatian untuk analisis kuantitatif, membahas lebah lengkap penggunaan desain metode campuran penelitian, and termasuk wawasan metodologi baru.
Book ChapterDOI

Firm Resources and Sustained Competitive Advantage

TL;DR: In this article, the authors examined the link between firm resources and sustained competitive advantage and analyzed the potential of several firm resources for generating sustained competitive advantages, including value, rareness, imitability, and substitutability.
Journal ArticleDOI

Building theories from case study research

TL;DR: In this paper, the authors describe the process of inducting theory using case studies from specifying the research questions to reaching closure, which is a process similar to hypothesis-testing research.
Journal ArticleDOI

Dynamic capabilities and strategic management

TL;DR: The dynamic capabilities framework as mentioned in this paper analyzes the sources and methods of wealth creation and capture by private enterprise firms operating in environments of rapid technological change, and suggests that private wealth creation in regimes of rapid technology change depends in large measure on honing intemal technological, organizational, and managerial processes inside the firm.
Journal ArticleDOI

Building theories from case study research.

TL;DR: In this paper, the authors define a leadership event as a perceived segment of action whose meaning is created by the interactions of actors involved in producing it, and present a set of innovative methods for capturing and analyzing these contextually driven processes.
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