Building a bridge between resource acquisition and resource accumulation

Catherine Maritan, Margaret A. Peteraf

Research output: Contribution to journalArticle

78 Citations (Scopus)

Abstract

Resource-based theory (RBT) has become one of the dominant perspectives in strategic management, and a very large body of work has developed; yet, there are aspects of RBT that remain underexplored and less developed than others. One of these aspects concerns how the heterogeneous resource positions that lie at the core of RBT come to exist. Two separate mechanisms have been described in the literature-resource acquisition in strategic factor markets and internal resource accumulation. The authors propose that considering these mechanisms jointly can generate insights and lay the groundwork for future work, and they discuss several issues that are critical to developing a more complete theoretical and practical understanding of the creation of heterogeneous resource positions.

Original languageEnglish (US)
Pages (from-to)1374-1389
Number of pages16
JournalJournal of Management
Volume37
Issue number5
DOIs
StatePublished - Sep 2011

Fingerprint

Resource acquisition
Resources
Resource-based theory
Strategic management
Factor markets

Keywords

  • building capabilities
  • organizational processes
  • resource allocation
  • resource heterogeneity
  • strategic factor market

ASJC Scopus subject areas

  • Strategy and Management
  • Finance

Cite this

Building a bridge between resource acquisition and resource accumulation. / Maritan, Catherine; Peteraf, Margaret A.

In: Journal of Management, Vol. 37, No. 5, 09.2011, p. 1374-1389.

Research output: Contribution to journalArticle

@article{a85a7c33f3a5416987863b159a93611b,
title = "Building a bridge between resource acquisition and resource accumulation",
abstract = "Resource-based theory (RBT) has become one of the dominant perspectives in strategic management, and a very large body of work has developed; yet, there are aspects of RBT that remain underexplored and less developed than others. One of these aspects concerns how the heterogeneous resource positions that lie at the core of RBT come to exist. Two separate mechanisms have been described in the literature-resource acquisition in strategic factor markets and internal resource accumulation. The authors propose that considering these mechanisms jointly can generate insights and lay the groundwork for future work, and they discuss several issues that are critical to developing a more complete theoretical and practical understanding of the creation of heterogeneous resource positions.",
keywords = "building capabilities, organizational processes, resource allocation, resource heterogeneity, strategic factor market",
author = "Catherine Maritan and Peteraf, {Margaret A.}",
year = "2011",
month = "9",
doi = "10.1177/0149206310387675",
language = "English (US)",
volume = "37",
pages = "1374--1389",
journal = "Journal of Management",
issn = "0149-2063",
publisher = "SAGE Publications Inc.",
number = "5",

}

TY - JOUR

T1 - Building a bridge between resource acquisition and resource accumulation

AU - Maritan, Catherine

AU - Peteraf, Margaret A.

PY - 2011/9

Y1 - 2011/9

N2 - Resource-based theory (RBT) has become one of the dominant perspectives in strategic management, and a very large body of work has developed; yet, there are aspects of RBT that remain underexplored and less developed than others. One of these aspects concerns how the heterogeneous resource positions that lie at the core of RBT come to exist. Two separate mechanisms have been described in the literature-resource acquisition in strategic factor markets and internal resource accumulation. The authors propose that considering these mechanisms jointly can generate insights and lay the groundwork for future work, and they discuss several issues that are critical to developing a more complete theoretical and practical understanding of the creation of heterogeneous resource positions.

AB - Resource-based theory (RBT) has become one of the dominant perspectives in strategic management, and a very large body of work has developed; yet, there are aspects of RBT that remain underexplored and less developed than others. One of these aspects concerns how the heterogeneous resource positions that lie at the core of RBT come to exist. Two separate mechanisms have been described in the literature-resource acquisition in strategic factor markets and internal resource accumulation. The authors propose that considering these mechanisms jointly can generate insights and lay the groundwork for future work, and they discuss several issues that are critical to developing a more complete theoretical and practical understanding of the creation of heterogeneous resource positions.

KW - building capabilities

KW - organizational processes

KW - resource allocation

KW - resource heterogeneity

KW - strategic factor market

UR - http://www.scopus.com/inward/record.url?scp=80051912165&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=80051912165&partnerID=8YFLogxK

U2 - 10.1177/0149206310387675

DO - 10.1177/0149206310387675

M3 - Article

AN - SCOPUS:80051912165

VL - 37

SP - 1374

EP - 1389

JO - Journal of Management

JF - Journal of Management

SN - 0149-2063

IS - 5

ER -