CoChat
Sign Up
Cited by 343Innovation and Knowledge ManagementManagement and Organizational StudiesOutsourcing and Supply Chain Management

Co-Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing

Levinthal, Daniel, Myatt, Jennifer·1994·Strategic Management Journal
DOI 10.1002/smj.4250150905
Open this paper in CoChat — free account

Abstract

The resource view of the firm has made substantial progress in identifying what attributes of a firm may provide a source of competitive advantage; however, the literature has far less to say about the emergence of these distinctive capabilities. We develop a simple framework based on the role of positive feedback effects of market activity, organizational factors that cause a firm to focus on a particular capability trajectory, and lastly the role of managerial choice with respect to anticipated feedback effects, which we term feedforward effects. We apply this framework to the emergence of competitive positions in the mutual fund-processing business from its inception to 1984.

Integrity signals

Registry

Crossref · 10.1002/smj.4250150905

Cites

60 of 60 references verified0 citation errors · 0 not checkable

Statistics

Recomputing p-values needs the paper’s full text.

Claims the paper makes

We couldn’t retrieve this paper’s full text, so its claims and self-check weren’t run. The registry and citation checks still apply.

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

  • Given that a proven response to an identified problem exists in organizational memory, experimentation with alternatives becomes less attractive, crowding out explorative activities that would go beyond the beaten track.

    “Given that a proven response to an identified problem exists in organizational memory, experimentation with alternatives becomes less attractive, crowding out explorative activities that would go beyond the beaten track (Levinthal, 1991;Levinthal and Myatt, 1994;Sørensen and Stuart, 2000).”

    From On the contingent value of dynamic capabilities for competitive advantage: The nonlinear moderating effect of environmental dynamism (2014) · cites this paper as Levinthal and Myatt, 1994

  • Firms with a strong established new product development capability tend to develop a preference for pursuing incremental product improvements along existing trajectories rather than exploring radically different innovations.

    “Firms with a strong established new product development capability tend to develop a preference for pursuing incremental product improvements along existing trajectories rather than exploring radically different innovations (Levinthal and Myatt, 1994;Sørensen and Stuart, 2000).”

    From On the contingent value of dynamic capabilities for competitive advantage: The nonlinear moderating effect of environmental dynamism (2014) · cites this paper as Levinthal and Myatt, 1994

Cites

Flagged first, then by citations

10 of the 70 references couldn’t be matched to a known paper.

Cited by

Sorted by citations

Related

Authors
Levinthal, D., & Myatt, J.
Affiliations
University of Pennsylvania (US)
ORCID
Levinthal, Daniel
Venue
Strategic Management Journal
Publisher
Wiley
Published
1994
Volume
15
Issue
S1
Pages
45-62
ISSN
  • 0143-2095 (ISSN-L)
  • 1097-0266
DOI
10.1002/smj.4250150905
OpenAlex
W2070434486
Cited by
343
References
70
Citations by year
2025: 4 · 2024: 13 · 2023: 6 · 2022: 4 · 2021: 9 · 2020: 5 · 2019: 6 · 2018: 10 · 2017: 9 · 2016: 11 · 2015: 9 · 2014: 10 · 2013: 17 · 2012: 14
FWCI
15.61
Type
journal article
Language
en
Open access
closed
Licence
doi.wiley.com/10.1002/tdm_license_1.1 (tdm, 7913 d)
Locations
  • Strategic Management Journal (publishedVersion)
  • ScholarlyCommons (University of Pennsylvania) (submittedVersion)
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 › Management Information Systems › Outsourcing and Supply Chain Management
Keywords
resource-based view, competitive advantage, positive feedback, managerial choice, organizational factors

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review