THE RATE AND POTENTIAL OF CAPABILITY DEVELOPMENT TRAJECTORIES

• 成果类型: Review
• 署名作者: Rockart, Scott F.; Dutt, Nilanjana
• 署名单位: University of North Carolina; University of North Carolina Chapel Hill; Bocconi University
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.2202
• 发表日期: 2015
• 页码: 53-75
• 关键词: Capabilities; experience; investment banking; PROFESSIONAL SERVICES; Organizational learning

摘要

This paper examines differences in the rate and potential of firms' capability development trajectories. Capability development trajectories are the paths over which firms' capabilities change with experience and other activities. While prior research focused on factors affecting capability development rate (the fraction of the gap between a firm's current and potential capability eliminated with each unit of activity), we argue that capability development trajectories also differ in potential (the maximum capability level a firm could achieve through repeating a given set of activities over time). We develop and estimate a formal model of capability development, showing that larger underwriting projects lead to a lower rate of improvement toward higher potential capabilities, and derive implications for research on industry dynamics and the nature of competitive advantage. Copyright (c) 2013 John Wiley & Sons, Ltd.