Journal ArticleDOI
First-mover (dis)advantages: Retrospective and link with the resource-based view
TLDR
The first-mover-advantages (FMA) concept was introduced in the 1990s by as mentioned in this paper and has been widely used in strategic management, marketing, and economics.Abstract:
This article reflects upon and updates our prize-winning paper, ‘First-mover advantages,’ which was published in SMJ 10 years ago. We discuss the evolution of the literature over the past decade and suggest opportunities for continuing research. In particular, we see benefits from linking empirical findings on first-mover advantages with the complementary stream of research on the resource-based view of the firm.© 1998 John Wiley & Sons, Ltd. We were honored to receive the 1996 prize of the Strategic Management Society (in cooperation with John Wiley & Sons) for our 1988 paper, ‘First-Mover Advantages.’ It is customary for the award recipients to write a brief article reflecting on the original work. As our paper aimed to provide a unified conceptual framework and critical assessment of the literature, we have chosen to write a somewhat longer piece to update our survey and suggest opportunities for continuing research. Our prize-winning paper began as a series of healthy disagreements between the authors, which took place over brown bag lunches during the summer of 1986. ‘First-mover advantage’ (FMA) was a term widely invoked in strategic management, marketing, and economics. We found, however, that our interpretations of the concept differed greatly. We wondered if our disagreements stemmed from the contrast in our disciplinary backgrounds, or if they reflected a broader lack of consensus among business scholars. During a sabbatical at Northwestern University,read more
Citations
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Journal ArticleDOI
Value Creation in Innovation Ecosystems: How the Structure of Technological Interdependence Affects Firm Performance in New Technology Generations
Ron Adner,Rahul Kapoor +1 more
TL;DR: It is proposed that the effectiveness of vertical integration as a strategy to manage ecosystem interdependence increases over the course of the technology life cycle.
Journal ArticleDOI
Value creation in innovation ecosystems: how the structure of technological interdependence affects firm performance in new technology generations
Ron Adner,Rahul Kapoor +1 more
TL;DR: In this article, the authors characterize the external environment according to the structure of interdependence and show that the success of an innovating firm often depends on the efforts of other innovators in its environment.
Open Innovation: A New Paradigm for Understanding Industrial Innovation
Henry Chesbrough,Walter A. Haas +1 more
Journal ArticleDOI
The birth of capabilities: market entry and the importance of pre-history
TL;DR: In this paper, the authors analyze the birth of capabilities and resources within organizations and within industries, and their historical antecedents, at the time of market entry and find a consistent theme: the greater the similarity between pre-entry firm resources and the required resources in an industry, the higher the likelihood that a firm will enter that particular industry, and the more likely that the firm will survive and prosper.
Journal ArticleDOI
Knowledge transfer through inheritance: spin- out generation, development, and survival
TL;DR: In this article, the authors investigated how the knowledge capabilities of industry incumbents affected the generation, development, and performance of "spin-outs" (entrepreneurial ventures of ex-employees).
References
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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
A Resource-Based View of the Firm
TL;DR: In this paper, the authors explore the usefulness of analyzing firms from the resource side rather than from the product side, in analogy to entry barriers and growth-share matrices, the concepts of resource position barrier and resource-product matrices are suggested.
Book ChapterDOI
The Core Competence of the Corporation
C. K. Prahalad,Gary Hamel +1 more
TL;DR: The most powerful way to prevail in global competition is still invisible to many companies as discussed by the authors, which is why the concept of the corporation itself has not yet been recognized as a powerful competitive advantage.
Journal ArticleDOI
The cornerstones of competitive advantage: A resource‐based view
TL;DR: In this article, the underlying economics of the resource-based view of competitive advantage is elucidated, and existing perspectives are integrated into a parsimonious model of resources and firm performance.
Journal ArticleDOI
Asset stock accumulation and sustainability of competitive advantage
Ingemar Dierickx,Karel Cool +1 more
TL;DR: Barney as mentioned in this paper showed that the sustainability of a firm's asset position depends on how easily assets can be substituted or imitated, and that imitability is linked to the characteristics of the asset accumulation process: time compression diseconomies, asset mass efficiencies, interconnectedness, asset erosion and causal ambiguity.