ON THE ORIGINS OF COMPETITIVE ADVANTAGE: STRATEGIC FACTOR MARKETS AND HETEROGENEOUS RESOURCE COMPLEMENTARITY

• 成果类型: Article
• 署名作者: Adegbesan, J. Adetunji
• 刊物名称: ACADEMY OF MANAGEMENT REVIEW
• ISSN/ISSBN: 0363-7425
• DOI: 10.5465/AMR.2009.40632465
• 发表日期: 2009
• 页码: 463-475
• 关键词: ASSET STOCK ACCUMULATION; view; PERSPECTIVE; ECONOMICS; firm; sustainability; acquisitions; INFORMATION

摘要

Strategic factor market theory suggests that. excluding luck, superior expectations are necessary for firms to appropriate gains from valuable resources. I argue that this is only true in the absence of heterogeneous resource complementarity. Extending factor market theory, I show that firms can profit when they exhibit superior complementarity to target resources, and I determine the components of appropriated value in such markets. I thus demonstrate the power and simplicity of coalitional analysis while shedding light on central issues in strategic management.