Investing in Capabilities: The Dynamics of Resource Allocation

• 成果类型: Article
• 署名作者: Coen, Corinne A.; Maritan, Catherine A.
• 署名单位: University System of Ohio; Case Western Reserve University; Syracuse University
• 刊物名称: ORGANIZATION SCIENCE
• ISSN/ISSBN: 1047-7039
• DOI: 10.1287/orsc.1090.0524
• 发表日期: 2011
• 页码: 99-117
• 关键词: dynamic capabilities; INVESTMENT; computer simulation; agent-based model; resource allocation; factor market

摘要

In this research, we examine the dynamic capability of resource allocation to invest in operational capabilities. Using a computer simulation, we model a process of firms competing in factor markets for opportunities to invest in existing capabilities and acquire new ones. Based on the simulation results, we derive a set of propositions about the conditions under which there are and are not performance benefits from possessing a superior ability to search for new capabilities. Because the definition of what constitutes a new capability is based on a firm's preexisting capabilities, we also incorporate differences in initial endowments into the analysis. We find that endowment and search ability both matter, and that in many circumstances, the effects of possessing a superior endowment dominate the effects of superior search ability.