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
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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“In addition to these two assumptions, the logic of RBT embraces the VRIO framework which clearly states that firm performance depends on the extent to which a firm possesses simultaneously valuable (V), rare (R), imperfectly imitable (I) resources which are properly organized (O) (Amit and Schoemaker, 1993;Barney et al., 2001).”
From How to improve firm performance using big data analytics capability and business strategy alignment? (2016) · cites this paper as Amit and Schoemaker, 1993
In the citing paper
“Amit and Schoemaker [20] define resources as tradable and non-specific firm assets, and capabilities as non-tradable firm-specific abilities to integrate, deploy, and utilize resources within the firm.”
Citations
Cites
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Firm Resources and Sustained Competitive Advantage
Barney, J. (1991) · Journal of Management · doi:10.1177/014920639101700108 · Cited by 48,334
Firm resources and sustained competitive advantage
Barney, J. B. (2004) · Advances in strategic management · doi:10.1016/s0742-3322(00)17018-4 · Cited by 38,216
Prospect theory: An analysis of decision under risk
Kahneman, D. J., & Tversky, A. (1988) · Cambridge University Press eBooks · doi:10.1017/cbo9780511609220.014 · Cited by 32,720
Tversky, A., & Kahneman, D. (1974) · Science · doi:10.1126/science.185.4157.1124 · Cited by 28,810
A resource‐based view of the firm
Wernerfelt, B. (1984) · Strategic Management Journal · doi:10.1002/smj.4250050207 · Cited by 25,635
Coase, R. H. (1937) · Economica · doi:10.1111/j.1468-0335.1937.tb00002.x · Cited by 23,972
The Theory of Economic Development
Schumpeter, J. A., & Backhaus, U. (2003) · Routledge eBooks · doi:10.1007/0-306-48082-4_3 · Cited by 22,757
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Research works printed but not linked: 14
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Cited by
Sorted by citations
Teece, D. J. (2007) · Strategic Management Journal · doi:10.1002/smj.640 · Cited by 16,825
The cornerstones of competitive advantage: A resource‐based view
Peteraf, M. A. (1993) · Strategic Management Journal · doi:10.1002/smj.4250140303 · Cited by 10,743
The Relational View: Cooperative Strategy and Sources of Interorganizational Competitive Advantage
Dyer, J. H., & Singh, H. (1998) · Academy of Management Review · doi:10.5465/amr.1998.1255632 · Cited by 12,810
The Capabilities of Market-Driven Organizations
Day, G. S. (1994) · Journal of Marketing · doi:10.1177/002224299405800404 · Cited by 6,766
Bharadwaj, A. S. (2000) · MIS Quarterly · doi:10.2307/3250983 · Cited by 5,042
Metadata
- Authors
- Amit, R., & Schoemaker, P. J. H.
- Affiliations
- University of British Columbia (CA)
- University of Chicago (US)
- Venue
- Strategic Management Journal
- Publisher
- Wiley
- Published
- 1993-01
- Volume
- 14
- Issue
- 1
- Pages
- 33-46
- ISSN
- 0143-2095 (ISSN-L)
- 1097-0266
- 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
- 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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