The DOI matches its Crossref record; 60 of the 70 references it cites were found in a registry or an index.
Co-Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing
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.
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“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
In the citing paper
“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
Citations
Cites
Firm Resources and Sustained Competitive Advantage
Barney, J. (1991) · Journal of Management · doi:10.1177/014920639101700108 · Cited by 48,334
Granovetter, M. S. (1973) · American Journal of Sociology · doi:10.1086/225469 · Cited by 40,491
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
Absorptive Capacity: A New Perspective on Learning and Innovation
Cohen, W. M., & Levinthal, D. A. (1990) · Administrative Science Quarterly · doi:10.2307/2393553 · Cited by 35,728
Self-citationEconomic Action and Social Structure: The Problem of Embeddedness
Granovetter, M. (1985) · American Journal of Sociology · doi:10.1086/228311 · Cited by 28,745
An Evolutionary Theory of Economic Change.
Loasby, B. J., Nelson, R. R., & Winter, S. G. (1983) · The Economic Journal · doi:10.2307/2232409 · Cited by 21,426
The Competitive Advantage of Nations
Clark, T. W., & Porter, M. (1991) · Journal of Marketing · doi:10.2307/1251962 · Cited by 17,454
Filders, R. (1992) · International Journal of Forecasting · doi:10.1016/0169-2070(92)90130-2 · Cited by 16,765
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The Competitive Advantage of Nations
Porter, M. E. (1990) · doi:10.1007/978-1-349-11336-1 · Cited by 15,654
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Cited by
Sorted by citations
The dynamic resource‐based view: capability lifecycles
Helfat, C. E., & Peteraf, M. A. (2003) · Strategic Management Journal · doi:10.1002/smj.332 · Cited by 4,553
Is the Resource-Based “View” a Useful Perspective for Strategic Management Research?
Priem, R. L., & Butler, J. E. (2001) · Academy of Management Review · doi:10.5465/amr.2001.4011928 · Cited by 4,461
SECI, Ba and leadership: A unified model of dynamic knowledge creation
Nonaka, I., Toyama, R., & Konno, N. (2000) · Long Range Planning · doi:10.1016/s0024-6301(99)00115-6 · Cited by 4,135
Barney, J. B. (2001) · Journal of Management · doi:10.1177/014920630102700602 · Cited by 3,949
Is the Resource-Based "View" a Useful Perspective for Strategic Management Research? Yes
Barney, J. B. (2001) · The Academy of Management Review · doi:10.2307/259393 · Cited by 2,734
Metadata
- 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
- 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
- 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
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