Journal ArticleDOI
Strategic flexibility in product competition
TLDR
In this paper, a concept of strategic flexibility in product competition is developed in which flexibility depends jointly on the resource flexibility of the product creation resources avaialble to a firm and the coordination flexibility of a firm in using its available resources in product markets.Abstract:
This paper investigates competition in dynamic product markets from combined resource base and strategic flexibility perspectives. A concept of strategic flexibility in product competition is developed in which flexibility depends jointly on (1) the resource flexibility of the product creation resources avaialble to a firm and (2) the coordination flexibility of the firm in using its available resources in product markets. Two recent technological innovations affecting product creation processes—CADD/CIM systems and modular product design—are argued to have greatly increased the potential flexibilities of key product creation resources. Managerial innovations in the use of these technologies have also led to important new coordination flexibilities. The combination of recently achievable resource and coordination flexibilities is argued to have transformed the competitive environments of many product markets, leading to new kinds of product strategies, new organizational forms, and a new dominant logic for competing in dynamic product markets.read more
Citations
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Journal ArticleDOI
A Resource-Based Theory of the Firm: Knowledge Versus Opportunism
TL;DR: In this article, the authors develop a resource-based knowledge-based theory of why firms are formed, based on irreducible knowledge differences between individuals rather than the threat of purposeful cheating or withholding of information.
Journal ArticleDOI
Managing Firm Resources in Dynamic Environments to Create Value: Looking Inside the Black Box
TL;DR: In this paper, the authors address current criticisms of the RBV (overight of dynamism, environmental contingencies, and managers' role) by linking value creation in dynamic environmental contexts to the management of firm resources.
Journal ArticleDOI
Modularity, flexibility, and knowledge management in product and organization design
Ron Sanchez,Joseph T. Mahoney +1 more
TL;DR: In this article, the authors investigate the ability of strindicated interfcices between components in product design to embed coordination of product development processes and develop concepts of modularity in product and organization designs based on nearly decoffnposable systems.
Journal ArticleDOI
Dynamic capabilities: A review and research agenda
TL;DR: In this paper, a research model is developed encompassing antecedents and consequences of dynamic capabilities in an integrated framework, and several issues surrounding its conceptualization remain ambivalent, and the authors identify three component factors which reflect the common features of dynamic capability across firms and which may be adopted and further developed into a measurement construct in future research.
Posted Content
Strategy Research in Emerging Economies: Challenging the Conventional Wisdom
TL;DR: A review and introduction to the Special Issue on Strategy Research in Emerging Economies as mentioned in this paper considers the nature of theoretical contributions thus far on strategy in emerging economies and classify the research through four strategic options: (1) firms from developed economies entering emerging economies; (2) domestic firms competing within emerging economies, (3), firms from emerging economies entering other emerging economies.
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
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.
Journal ArticleDOI
The Economic Institutions of Capitalism
TL;DR: The Economic Institutions of Capitalism as mentioned in this paper is a seminal work in the field of economic institutions of capitalism. Journal of Economic Issues: Vol. 21, No. 1, pp. 528-530.
Book
The theory of the growth of the firm
TL;DR: In this article, the authors studied the role of large and small firms in a growing economy and found that large firms are more likely to acquire and merge smaller firms in order to increase their size.
Journal ArticleDOI
Knowledge of the Firm, Combinative Capabilities, and the Replication of Technology
Bruce Kogut,Udo Zander +1 more
TL;DR: In this paper, the authors argue that what firms do better than markets is the sharing and transfer of the knowledge of individuals and groups within an organization, and that knowledge is held by individuals but is also expressed in regularities by which members cooperate in a social community (i.e., group, organization, or network).