COMPETITIVE ADVANTAGE AND PERFORMANCE: THE IMPACT OF VALUE CREATION AND COSTLINESS OF IMITATION

• 成果类型: Article
• 署名作者: Grahovac, Jovan; Miller, Douglas J.
• 署名单位: University of Illinois System; University of Illinois Urbana-Champaign
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.778
• 发表日期: 2009
• 页码: 1192-1212
• 关键词: COMPETITIVE ADVANTAGE; performance; imitation; resource-based view

摘要

We create an industrial organization hype model to relate resources to the spread between product market demand and marginal cost. We define competitive advantage as the cross-sectional differential. ill this spread, and performance as the longitudinal differential between what a firm appropriates in the product market and what it paid ill the factor market. With factor markets imposing different costs oil the innovator and potential imitator(s), competitive advantage, performance, and high resource value do not necessarily coincide. Also, the interaction between resource value and the cost of imitation is complex and affected by the number of firms ill the industry. Copyright (C) 2009 John Wiley & Sons, Ltd.