-
作者:Krakowski, Sebastian; Luger, Johannes; Raisch, Sebastian
作者单位:Stockholm School of Economics; Copenhagen Business School; University of Geneva
摘要:Research Summary We apply a resource-based view to investigate how the adoption of Artificial Intelligence (AI) affects competitive capabilities and performance. Following prior work on using chess as a controlled setting for studying competitive interactions, we compare the same players' capabilities and performance across conventional, centaur, and engine chess tournaments. Our analysis shows that AI adoption triggers interrelated substitution and complementation dynamics, which make humans'...
-
作者:Giustiziero, Gianluigi; Kretschmer, Tobias; Somaya, Deepak; Wu, Brian
作者单位:Frankfurt School Finance & Management; University of Munich; Centre for Economic Policy Research - UK; University of Illinois System; University of Illinois Urbana-Champaign; University of Michigan System; University of Michigan
摘要:Research Summary Digital firms tend to be both narrow in their vertical scope and large in their scale. We explain this phenomenon through a theory about how attributes of firms' resource bundles impact their scale and specialization. We posit that highly scalable resource bundles entail significant opportunity costs of integration (vs. outsourcing), which simultaneously drive hyperspecialization and hyperscaling in digital firms. Using descriptive theory and a formal model, we develop several...
-
作者:Helfat, Constance E.; Kaul, Aseem; Ketchen, David J.; Barney, Jay B.; Chatain, Olivier; Singh, Harbir
作者单位:University of Minnesota System; University of Minnesota Twin Cities; Auburn University System; Auburn University; Utah System of Higher Education; University of Utah; Hautes Etudes Commerciales (HEC) Paris; University of Pennsylvania
摘要:The resource-based view is an enduring and impactful mainstay of research within strategic management and beyond. This editors' introduction to the special issue on new directions for the resource-based view accomplishes two main tasks. First, we describe the contributions offered by the seven articles contained in the special issue. Second, we explain the potential value to research of incorporating into resource-based inquiry new contexts (artificial intelligence and digitization, distribute...
-
作者:Wibbens, Phebo D.
作者单位:INSEAD Business School
摘要:Research Summary This article introduces a formal framework for long-term resource dynamics under uncertainty. Firms' resource positions are identified with states in a stochastic Markov process. Two stylized examples implementing the framework illustrate how it can yield new strategic insights. One such insight is the attractiveness paradox. Shorter-lived resources might seem less attractive for the simple reason that they will yield returns for a shorter time period. However, the model in th...
-
作者:Felin, Teppo; Kauffman, Stuart; Zenger, Todd
作者单位:Utah System of Higher Education; Utah State University; University of Oxford; Institute for Systems Biology (ISB); Utah System of Higher Education; University of Utah
摘要:Research Summary The search for new resources is costly and difficult within the resource-based view. Because search is costly, a common prescription is for firms to focus on their endowments-the resources they already possess. However, is there a way for firms to somehow find value amongst the vast reservoirs of external resources? We review existing forms of resource search and then suggest an alternative. Extending arguments from biology, we develop the idea of a firm-specific search image ...
-
作者:Stoelhorst, J. W.
作者单位:University of Amsterdam
摘要:Research Summary This article goes back to first principles to develop a stakeholder resource-based theory grounded in a team production view of the firm. First, the firm is conceptualized as a governance structure to facilitate stakeholder cooperation in team production and innovation. Second, value creation, value appropriation, rent, and profit are defined in ways that explicitly acknowledge the collective and dynamic nature of value creation. The resulting framework is used to explain how ...
-
作者:Kim, Jongsoo; Makadok, Richard
作者单位:Hong Kong Baptist University; Purdue University System; Purdue University
摘要:Research Summary: An underresearched and undertheorized factor in the resource-based view's VRIO acronym is the O: organizational deployment. Exploiting a rule change that exogenously shifted the workflow interdependence of NBA basketball teams, we examine how the benefit provided by a resource depends upon the way it is deployed in an organization's workflow. We also examine how workflow interdependence influences the relative effectiveness of two capabilities for obtaining resources-external...
-
作者:Karadag, Reha; Poppo, Laura
作者单位:University of Nebraska System; University of Nebraska Lincoln
摘要:Research Summary The isolating mechanisms of strategic resources ensure their robustness against external factors. However, resources are also internally dynamic: Natural resources are depleted, employees retire, and patents expire. We develop a theoretical framework about the limitations to the sustainability of resource-driven competitive advantage and posit that most strategic resources endogenously lose their value-creating potential due to two factors, time and deployment, through what we...