The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.
Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms
Open accessAbstract
The appropriate resources are necessary but insufficient to achieve a competitive advantage. Resources must also be managed effectively. Herein, we develop a resource management process model composed of three components that can lead to a competitive advantage. These components include the resource inventory (evaluating, adding, and shedding), resource bundling, and resource leveraging. We examine resource management in family firms and thus explore the unique characteristics of five resources and attributes of family firms that provide potential advantages over nonfamily firms. The resources are human capital, social capital, patient capital, survivability capital, along with the governance structure attribute.
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Citations
Cites
Firm Resources and Sustained Competitive Advantage
Barney, J. (1991) · Journal of Management · doi:10.1177/014920639101700108 · Cited by 48,334
Social Capital: Prospects for a New Concept
Adler, P. S., & Kwon, S.-W. (2002) · The Academy of Management Review · doi:10.2307/4134367 · Cited by 9,665 · cited 1×
“Social capital can affect a number of important firm activities such as interunit and interfirm resource exchange, the creation of intellectual capital, interfirm learning, supplier interactions, product innovation, and entrepreneurship ( Adler & Kwon, 2002 ).”
Core capabilities and core rigidities: A paradox in managing new product development
Leonard-Barton, D. (1992) · Strategic Management Journal · doi:10.1002/smj.4250131009 · Cited by 6,477
Strategic Factor Markets: Expectations, Luck, and Business Strategy
Barney, J. B. (1986) · Management Science · doi:10.1287/mnsc.32.10.1231 · Cited by 5,548
Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure
Jensen (Deceased), M. C., & Meckling, W. H. (1998) · doi:10.2139/ssrn.94043 · Cited by 2,749
Incumbent's advantage through exploiting complementary assets via interfirm cooperation
Rothaermel, F. T. (2001) · Strategic Management Journal · doi:10.1002/smj.180 · Cited by 1,114
Cited by
Managing Firm Resources in Dynamic Environments to Create Value: Looking Inside the Black Box
Sirmon, D. G., Hitt, M. A., & Ireland, R. D. (2007) · Academy of Management Review · doi:10.5465/amr.2007.23466005 · Cited by 3,701
Self-citationEntrepreneurship and dynamic capabilities: a review, model and research agenda
Zahra, S. A., Sapienza, H. J., & Davidsson, P. (2006) · Journal of Management Studies · doi:10.1111/j.1467-6486.2006.00616.x · Cited by 3,152
“These firms have to continually reconfigure their resources to protect their competitive lead (Sirmon & Hitt, 2003; Sirmon et al., 2005).”
BackgroundInfluentialFirm's resilience to supply chain disruptions: Scale development and empirical examination
Ambulkar, S., Blackhurst, J., & Grawe, S. (2015) · Journal of Operations Management · doi:10.1016/j.jom.2014.11.002 · Cited by 1,400
Coopetition: a systematic review, synthesis, and future research directions
Bouncken, R. B., Gast, J., Kraus, S., & Bogers, M. (2015) · Review of Managerial Science · doi:10.1007/s11846-015-0168-6 · Cited by 710
Sirmon, D. G., & Hitt, M. A. (2009) · Strategic Management Journal · doi:10.1002/smj.791 · Cited by 589
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Metadata
- Authors
- Sirmon, D. G., & Hitt, M. A.
- Venue
- Entrepreneurship Theory and Practice
- Publisher
- SAGE Publications
- Published
- 2003-10
- Volume
- 27
- Issue
- 4
- Pages
- 339-358
- ISSN
- 1042-2587 (ISSN-L)
- 1540-6520
- OpenAlex
- W2125227258
- Cited by
- 2,518
- References
- 6
- FWCI
- 33.67
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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