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Cited by 8,425Innovation and Knowledge ManagementManagement and Organizational StudiesIntellectual Capital and Performance Analysis

The DOI matches its Crossref record; 86 of the 90 references it cites were found in a registry or an index.

Strategic assets and organizational rent

Amit, Raphael, Schoemaker, Paul J. H.·1993·Strategic Management Journal
DOI 10.1002/smj.4250140105
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Abstract

We build on an emerging strategy literature that views the firm as a bundle of resources and capabilities, and examine conditions that contribute to the realization of sustainable economic rents. Because of (1) resource‐market imperfections and (2) discretionary managerial decisions about resource development and deployment, we expect firms to differ (in and out of equilibrium) in the resources and capabilities they control. This asymmetry in turn can be a source of sustainable economic rent. The paper focuses on the linkages between the industry analysis framework, the resource‐based view of the firm, behavioral decision biases and organizational implementation issues. It connects the concept of Strategic Industry Factors at the market level with the notion of Strategic Assets at the firm level. Organizational rent is shown to stem from imperfect and discretionary decisions to develop and deploy selected resources and capabilities, made by boundedly rational managers facing high uncertainty, complexity, and intrafirm conflict.

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Crossref · 10.1002/smj.4250140105

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Citations

Cites

Show all 90 references

Research works printed but not linked: 14

  1. Ansoff H. I., 1965, Corporate Strategy
  2. de Geus A.‘Planning as learning’ Harvard Business Review March‐April 1988 pp.70–74.
  3. Ghemawat P., 1986, Sustainable advantage, Harvard Business Review, 64, 53
  4. Ghemawat P., 1991, Commitment
  5. Hamel G., 1989, Strategic intent, Harvard Business Review, 89, 63
  6. Hogarth R. M., 1987, Judgment and Choice
  7. Irvin R. A.andE. G.MichaelsIII. ‘Core skills: Doing the right things right’ The McKinsey Quarterly Summer1989 pp.4–19.
  8. Kleindorfer P. R., 1982, Issues in Pricing and Regulation, 67
  9. MacCrimmon K. R., 1986, Taking Risks
  10. Mintzberg H., 1983, The Executive Mind, 58
  11. Porter M., 1980, Competitive Strategy
  12. Schoemaker P. J. H.‘Developing strategic vision: A core capabilities approach applied to Apple Computer’ Sloan Management Review 1992a (in press).
  13. Senge P.‘The leader's new work: Building learning organizations’ Sloan Management Review Fall 1990 pp.7–23.
  14. Wack P., 1985, Scenarios: Shooting the rapids, Harvard Business Review, 63, 139

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Metadata

Authors
Amit, R., & Schoemaker, P. J. H.
Affiliations
  • University of British Columbia (CA)
  • University of Chicago (US)
ORCID
Venue
Strategic Management Journal
Publisher
Wiley
Published
1993-01
Volume
14
Issue
1
Pages
33-46
ISSN
  • 0143-2095 (ISSN-L)
  • 1097-0266
DOI
10.1002/smj.4250140105
OpenAlex
W2102469678
Cited by
8,425
References
90
Citations by year
2026: 161 · 2025: 190 · 2024: 252 · 2023: 267 · 2022: 299 · 2021: 341 · 2020: 312 · 2019: 331 · 2018: 372 · 2017: 370 · 2016: 381 · 2015: 420 · 2014: 466 · 2013: 472 · 2012: 431
FWCI
175.50
Type
journal article
Language
en
Open access
closed
Licence
onlinelibrary.wiley.com/termsAndConditions#vor (vor, 5059 d)
Locations
Strategic Management Journal (publishedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Innovation and Knowledge Management
  • Social Sciences › Business, Management and Accounting › Organizational Behavior and Human Resource Management › Management and Organizational Studies
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Intellectual Capital and Performance Analysis
Keywords
strategic assets, resource-based view, economic rent, bounded rationality, managerial discretion, uncertainty and complexity

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