Creating Economic Value Through Social Values: Introducing a Culturally Informed Resource-Based View

• 成果类型: Article
• 署名作者: Maurer, Cara C.; Bansal, Pratima; Crossan, Mary M.
• 署名单位: Western University (University of Western Ontario); University Western Ontario Hospital
• 刊物名称: ORGANIZATION SCIENCE
• ISSN/ISSBN: 1047-7039
• DOI: 10.1287/orsc.1100.0546
• 发表日期: 2011
• 页码: 432-448
• 关键词: RBV; culturally informed RBV; ECONOMIC VALUE; social values; Firm strategy; culture; social issues; organizational field populations; social movements

摘要

The resource-based view (RBV) has historically privileged the firm's internal resources and capabilities, often at the exclusion of its institutional context. In this paper, we introduce a culturally informed RBV that explains how cultural elements in the firm's institutional context shape the economic value associated with a firm's strategy. We posit that a firm's institutional context may create or destroy economic value. If the strategy inadvertently becomes associated with a social issue, it poses a risk for the firm. Firms that recognize the dynamic interplay between their resources and their institutional context in the face of social issues can engage in important cultural work, and thereby preserve their strategy's economic value.