Comparative Advantage Competitive Heterogeneity And The Resource Based View
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Comparative Advantage Competitive Heterogeneity And The Resource Based View
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Author : Anoop Madhok
language : en
Publisher:
Release Date : 2010
Comparative Advantage Competitive Heterogeneity And The Resource Based View written by Anoop Madhok and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
This paper is primarily concerned with inter-firm heterogeneity. By revisiting Ricardian economics and, in particular, introducing and applying the principles of comparative advantage to strategy inquiry, it advances current theoretical understanding of the phenomenon. Moreover, by introducing the notion of willingness-based isolating mechanisms, in contrast to ability-based ones, and integrating these with comparative and competitive advantage, the paper both complements the RBV as well as provides a more comprehensive understanding of heterogeneity and sustainable competitive advantage.
The Resource Based View Revisited
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Author : Anoop Madhok
language : en
Publisher:
Release Date : 2011
The Resource Based View Revisited written by Anoop Madhok and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
We take a step beyond the resource-based view that resource characteristics (i.e., valuable, rare, inimitable and non-substitutable) are the sole basis for isolating mechanisms. Instead, we apply Ricardo's principle of Comparative Advantage in a two-firm, two-product scenario to show how additional isolating mechanisms can result from economic incentives that provide managers with distinct strategic choices. Specifically, our analysis indicates that managers' strategic decisions based on comparative firm advantage (CFA) affect their willingness to imitate competitors, even when their firms are fully capable of such imitation. This willingness, in turn, helps to determine the direction of firm expansion. We discuss how Ricardo's CFA logic can provide specific guidance for managers regarding effective firm strategies in specific comparative advantage situations by factoring in both internal efficiencies and competitive pressures when designing and implementing rent-seeking strategies.
Competition Competitive Advantage And Clusters
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Author : Robert Huggins
language : en
Publisher: OUP Oxford
Release Date : 2012-09-20
Competition Competitive Advantage And Clusters written by Robert Huggins and has been published by OUP Oxford this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-20 with Business & Economics categories.
Harvard professor, Michael Porter has been one of the most influential figures in strategic management research over the last three decades. He infused a rigorous theoretical framework of industrial organization economics with the then still embryonic field of strategic management and elevated it to its current status as an academic discipline. Porter's outstanding career is also characterized by its cross-disciplinary nature. Following his most important work on strategic management, he then made a leap to the policy side and dealt with a completely different set of analytical units. More recently he has made a foray into inner city development, environmental regulations, and health care services. Throughout these explorations Porter has maintained his integrative approach, seeking a road that links management case studies and the general model building of mainstream economics. With expert contributors from a range of disciplines including strategic management, economic development, economic geography, and planning, this book assesses the contribution Michael Porter has made to these respective disciplines. It clarifies the sources of tension and controversy relating to all the major strands of Porter's work, and provides academics, students, and practitioners with a critical guide for the application of Porter's models. The book highlights that while many of the criticisms of Porter's ideas are valid, they are almost an inevitable outcome for a scholar who has sought to build bridges across wide disciplinary valleys. His work has provided others with a set of frameworks to explore in more depth the nature of competition, competitive advantage, and clusters from a range of vantage points.
Why Is There A Resource Based View
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Author : David G. Hoopes
language : en
Publisher:
Release Date : 2003
Why Is There A Resource Based View written by David G. Hoopes and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Competition categories.
Collection of 12 articles by various authors.
A General Theory Of Competition
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Author : Shelby D. Hunt
language : en
Publisher: SAGE Publications
Release Date : 1999-11-30
A General Theory Of Competition written by Shelby D. Hunt and has been published by SAGE Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-11-30 with Business & Economics categories.
Hunt convincingly demonstrates that competition is not about dividing up limited resources but about creating more resources and thus competition is pro-society. This truly interdisciplinary book successfully develops a general theory of competition which is rich in explanatory breadth and depth. Consequently, executives and entrepreneuers, management consultants, public makers, and scholars and students in economics, law, political science, and business should read and study this book. —Robert F. Lusch, University of Oklahoma This book develops a new theory of competition. This theory – labeled "resource-advantage theory" – stems from no single research tradition, but draws on several different traditions in economics, management, marketing, and sociology. In this ground-breaking volume, Shelby Hunt articulates R-A theory, uses the theory to explain and predict economic phenomena, and shows how (and why) it explains and predicts such phenomena.
Comparative Advantage And Heterogeneous Firms
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Author : Andrew B. Bernard
language : en
Publisher:
Release Date : 2004
Comparative Advantage And Heterogeneous Firms written by Andrew B. Bernard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Diversification in industry categories.
This paper presents a model of international trade that features heterogeneous firms, relative endowment differences across countries, and consumer taste for variety. The paper demonstrates that firm reactions to trade liberalization generate endogenous Ricardian productivity responses at the industry level that magnify countries' comparative advantage. Focusing on the wide range of firm-level reactions to falling trade costs, the model also shows that, as trade costs fall, firms in comparative advantage industries are more likely to export, that relative firm size and the relative number of firms increases more in comparative advantage industries and that job turnover is higher in comparative advantage industries than in comparative disadvantage industries.
The Role Of Resources In Global Competition
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Author : John Fahy
language : en
Publisher: Routledge
Release Date : 2002-09-06
The Role Of Resources In Global Competition written by John Fahy and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-06 with Business & Economics categories.
This book looks at the question of how firms attain a sustainable competitive advantage in a global environment characterised by above average levels of geographic scope, marketing convergence and cross-national interdepencies.
Fit Failure And The Hall Of Fame
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Author : Charles C. Snow
language : en
Publisher: Simon and Schuster
Release Date : 2010-06-15
Fit Failure And The Hall Of Fame written by Charles C. Snow and has been published by Simon and Schuster this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-06-15 with Business & Economics categories.
Managers often become frustrated when, after making Herculean efforts to launch a better product, create a superior structure, or improve processes, success remains a distant and elusive goal. But genuine success does not come from any single action--or any random group of actions--caution Raymond Miles and Charles Snow in this incisive analysis of success and failure. Instead, they argue, success is achieved when the strategy, structure, and processes of a company fit together: operations then run smoothly inside and out, more is done with less, and customers are satisfied. Companies that go a step further to create exceptionally innovative strategy-structure-process packages--for example, Carnegie Steel was the first to create a vertically integrated, centralized management structure within the steel industry--often develop a record of accomplishments and reputation considerable enough to propel them into a mythical corporate Hall of Fame. Based on studies of dozens of companies to which they have applied this concept of fit, the authors explain how success and failure can be predicted.Examining the causes of success and failure historically, they describe how such companies as General Motors and Sears, Roebuck--both Hall of Fame candidates--earned their legendary status by pioneering new forms of organization to fit the strategy-structure-process combination demanded by the marketplace at the time. Miles and Snow relate historic successes to current successes, explaining how even the most thriving companies of today--including Wal-Mart, Rubbermaid, and General Electric--could lose their way and become misfit companies. They describe in detail the path to misfit and what pitfalls to avoid to stay on the right track. Looking to the future, the authors examine new shapes organizations will take, including various types of networks and a promising new form that they call the spherical organization. Finally, Miles and Snow detail the key to long-term corporate health: dynamic fit. Dynamic fit allows managers to ensure flexibility and ongoing adaptation to the marketplace. Without it, the authors warn, success is fragile. With it, companies can develop their own recipe for success that works consistently no matter what corporate climate the future holds.
Emerging Markets Rule Growth Strategies Of The New Global Giants
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Author : Mauro F. Guillen
language : en
Publisher: McGraw Hill Professional
Release Date : 2012-11-16
Emerging Markets Rule Growth Strategies Of The New Global Giants written by Mauro F. Guillen and has been published by McGraw Hill Professional this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-16 with Business & Economics categories.
SEIZE THE ADVANTAGE IN THE GLOBAL WAR FOR MARKET SHARE Winner of the 2013 Small Business Book Award - Top 10 Overall The newest economic behemoth, China, is snatching market share from the U.S., Japan, and Europe at an alarming rate. But China isn't alone. The world's largest producers of biofuel, meat, consumer electronics, regional jets, baked goods, candy, and many other products are all emerging market multinationals (EMMs). And industries poised to be taken over by EMMs include personal computers, IT services, mining, wind turbines, and cement. The balance of power in the global economy is shifting. Are you in a position to compete with the most energetic, imaginative companies on the planet? In Emerging Markets Rule, two experts on the global shift in economic hegemony explain what is happening, why it is happening--and how you can prevent it from happening to you. The authors provide an action plan based on leaner, more operationally proficient ways for maintaining the competitive advantage based on seven new axioms of global competitiveness: Execute, strategize, and execute again Cater to the niches Scale to win Embrace chaos Acquire smart Expand with abandon No sacred cows! Emerging market multinationals are here to stay; they're not going to go away, even when the global economy rights itself. "What began as a necessity--a kind of guerilla-business warfare against the corporate superpowers--has now evolved into best practices and is on its way to becoming what everyone needs to know," the authors write. "Simply put, down is up. The weak have become strong." You need to learn these new "best practices" now because tomorrow will be too late. Emerging Markets Rule is your road map for business success in the increasingly competitive, chaotic global markets. "Emerging-market multinationals have reshaped global competition. Using well-articulated views duly substantiated with facts, this book explains why and how they have become formidable players in both high-technology and traditional industries. This book is a worthy read for businesses and individuals alike seeking to comprehend the phenomenon of the emerging market multinational." -- S. D. Shibulal, CEO and Managing Director , Infosys "This book shows the strength and potential of companies that stand out in emerging markets, reaffirming entrepreneurship, innovation, and sustainability as fundamental factors for the outbreak of global competitors." -- Alessandro Carlucci , CEO, Natura Cosmeticos "The authors have touched on an important idea that emerging market growth can often be tapped by companies located in those markets. This is an essential book leading us to identify the niche markets and strategies for those emerging markets. A must for all international companies with growth ambitions." -- Leonard A. Lauder, Chairman Emeritus, The Estee Lauder Companies "A must-read for any company on its way to becoming a global one. You will learn from companies that have developed unique ways of competing in tough markets such as China and India." -- Jorge Zarate , China General Manager, Grupo Bimbo
Resource Based And Evolutionary Theories Of The Firm
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Author : Cynthia A. Montgomery
language : en
Publisher: Springer Science & Business Media
Release Date : 1995-04-30
Resource Based And Evolutionary Theories Of The Firm written by Cynthia A. Montgomery and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-04-30 with Business & Economics categories.
A look at the field of strategic management, exploring the theories of the running of the firm.