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WHERE DO RESOURCES COME FROM? THE ROLE OF IDIOSYNCRATIC SITUATIONS.
- Source :
- Strategic Management Journal (John Wiley & Sons, Inc.) - 1980 to 2009; Aug-Sep2004, Vol. 25 Issue 8/9, p887-907, 21p, 6 Charts
- Publication Year :
- 2004
-
Abstract
- In this paper, we examine the emergence of resources. Our analysis of technological capability acquisition by global U.S.-based chemical firms shows that the emergence of resources is inherently evolutionary We find that path-creating search that generates resource heterogeneity is a response to idiosyncratic situations faced by firms in their local searches. Two such idiosyncratic situations--technology exhaustion and expansion beyond national markets--trigger firms in our sample to create unique innovation search paths. We also find that along a given path firms experiment in order to find the correct investment--in fact, some organizations seem to take a step backward for two steps forward--further demonstrating the evolutionary nature of the resource creation process. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01432095
- Volume :
- 25
- Issue :
- 8/9
- Database :
- Complementary Index
- Journal :
- Strategic Management Journal (John Wiley & Sons, Inc.) - 1980 to 2009
- Publication Type :
- Academic Journal
- Accession number :
- 14069903
- Full Text :
- https://doi.org/10.1002/smj.401