Journal ArticleDOI
How Organizational Resources Affect Strategic Change and Performance in Turbulent Environments: Theory and Evidence
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TLDR
The authors examined how historical resource endowments and competencies affect strategic change and its outcomes in an industry context characterized both by substantial resource heterogeneity and environmental turbulence and found that organizations possessing greater stocks of historically valuable resources were much less likely to engage in adaptive strategic change, but also that this resource-driven disinclination towards change tended to have a benign or even beneficial effect on performance.Abstract:
This study examines how historical resource endowments and competencies affect strategic change and its outcomes amid environmental turbulence. Drawing from both behavioral and economics-based literatures, we develop four distinct perspectives regarding the likely effect of resources on strategic change. These four perspectives offer alternative predictions about how and why resource endowments should affect the likelihood or magnitude of strategic change, and how and why they should moderate the relation between strategic change and performance. We examine the predictive power of these four alternative arguments using extensive longitudinal data from a single industry context characterized both by substantial resource heterogeneity and environmental turbulence. Results indicate that organizations possessing greater stocks of historically valuable resources were much less likely to engage in adaptive strategic change, but also that this resource-driven disinclination towards change tended to have a benign or even beneficial effect on performance. We discuss the implications of our theory and findings for the strategic change literature and also for the literature on the resource-based view of the firm.read more
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Journal ArticleDOI
Dynamic Capabilities: A Review of Past Research and an Agenda for the Future
TL;DR: The dynamic capabilities view, by addressing the question of how firms can cope with changing environments, has gained increasing attention in the management literature in recent years, not only in the concept's original domain (strategic management) but also in many other areas within business administration as mentioned in this paper.
Journal ArticleDOI
What are dynamic capabilities and are they a useful construct in strategic management
Véronique Ambrosini,Cliff Bowman +1 more
TL;DR: This synthesis first highlights, that dynamic capabilities are shaped by enabling and inhibiting variables within and outside the firm, including the perceptions and motivations of managers; secondly, it identifies processes that create dynamic capabilities; and thirdly, it explains thatynamic capabilities do not automatically lead to performance improvements.
Posted Content
A Capabilities Perspective on the Effects of Early Internationalization on Firm Survival and Growth
TL;DR: In this paper, the authors argue that internationalization has differing effects on firm survival and growth, moderated by organizational age, managerial experience, and resource fungibility, and provide insights into the evolution of capabilities across borders and may be tested and built upon by researchers.
Journal ArticleDOI
A Capabilities Perspective on the Effects of Early Internationalization on Firm Survival and Growth
TL;DR: In this article, the authors argue that internationalization has differing effects on firm survival and growth, moderated by organizational age, managerial experience, and resource fungibility, and provide insights into the evolution of capabilities across borders and may be tested and built on by organization researchers.
Journal ArticleDOI
Guest editors\' introduction to the special issue: why is there a resource-based view? Toward a theory of competitive heterogeneity
TL;DR: It is suggested that a more expansive discussion of sustained differences among firms and thereby develop a broad theory of competitive heterogeneity is suggested.
References
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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
Social Capital in the Creation of Human Capital
TL;DR: In this paper, the concept of social capital is introduced and illustrated, its forms are described, the social structural conditions under which it arises are examined, and it is used in an analys...
Journal ArticleDOI
Absorptive capacity: a new perspective on learning and innovation
TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
Posted Content
An Evolutionary Theory of Economic Change
TL;DR: In this paper, the authors developed an evolutionary theory of the capabilities and behavior of business firms operating in a market environment, including both general discussion and the manipulation of specific simulation models consistent with that theory.
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.