Toward A Synthesis of The Resource - Based and Dynamic - Capability Views of Rent Creation  

Oleh:

Makadok, Richard

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 22 no. 5 (2001), page 387-402.
Topik: resources; economic rent; economic profit; resources and capabilities; resource - based view; dynamic - capability view

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

Two distinct causal mechanism, resource - picking and capability - building, have been proposed in the strategic management literature about how firms create economic rents. Under the resource - picking mechanism, managers gather information and analysis to outsmart the resource market in picking resources, similar to the way that a mutual fund manager tries to outsmart the stock market in picking stocks. Under the capability - building mechanism, manager design and construct organizational systems to enhance the productivity of whatever resources the firm acquires. These two rent - creation mechanisms are certainly not mutually exclusive, and it is likely that firms generally used both of them. It is therefore important to consider the interaction between these two rent - creation mechanisms : Do they complement each other ? Or are they substitutes for each other ? In other words, do they enhance each other's value or detract from each other's value ? Answering these questions is a necessary precondition to understanding how firms should allocate their time and effort between these two rent - creation mechanisms. The present paper develops a basic theoretical model to address these questions and derives testable hypotheses from the model. The model predicts that the two rent - creation mechanisms are complementary in some circumstances but substitutes in others.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali