The DOI matches its Crossref record; 52 of the 52 references it cites were found in a registry or an index.
Strategic Factor Market Intelligence: An Application of Information Economics to Strategy Formulation and Competitor Intelligence
Abstract
This paper develops a model of information-acquisition decisions by firms that are competing in a “strategic factor market” (Barney 1986) to purchase a scarce resource whose value is unknown and differs across firms. The model builds on the argument that more accurate expectations about the firm-specific value of resources is, other than luck, the only way for firms to obtain the specific resources required for competitive advantage. We address the more specific question of what types of information firms should gather to accomplish this goal. The model generates a series of testable hypotheses about how a firm's optimal mix of different types of information is affected by a number of factors, including the level of uncertainty about the value of the resource being acquired; the rarity, imitability, and nonsubstitutability of that resource; the level of inscrutability of firms' pre-existing stocks of resources; and firms' information-gathering and information-processing capacities.
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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
Self-citationFirm resources and sustained competitive advantage
Barney, J. B. (2004) · Advances in Strategic Management · doi:10.1016/s0742-3322(00)17018-4 · Cited by 38,152
Self-citationA resource‐based view of the firm
Wernerfelt, B. (1984) · Strategic Management Journal · doi:10.1002/smj.4250050207 · Cited by 25,635
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 21,366
Competitive Strategy: Techniques for Analyzing Industries and Competitors
(1980) · Journal of Sustainable Competitive Intelligence · doi:10.24883/iberoamericanic.v2i2.38 · Cited by 16,592
Competitive Advantage: Creating and Sustaining Superior Performance
Porter, M. E. (1985) · Cited by 14,701
The cornerstones of competitive advantage: A resource‐based view
Peteraf, M. A. (1993) · Strategic Management Journal · doi:10.1002/smj.4250140303 · Cited by 10,716
An Evolutionary Theory of Economic Change
Berkowitz, M. K., Nelson, R. R., & Winter, S. G. (1983) · Southern Economic Journal · doi:10.2307/1058233 · Cited by 10,549
Competitive advantage, creating and sustaining superior performance
Weil, K. E. (1985) · LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Científicas) · Cited by 10,284
An evolutionary theory of economic change
Winter, & Sidney, G. (1982) · Cited by 6,323
Cited by
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
Self-citationThe Future of Resource-Based Theory: Revitalization or Decline?
Barney, J. B., Ketchen, D. J., & Wright, M. (2011) · Journal of Management · doi:10.1177/0149206310391805 · Cited by 1,525
Self-citationOpen innovation in SMEs—An intermediated network model
Lee, S., Park, G., Yoon, B., & Park, J. (2010) · Research Policy · doi:10.1016/j.respol.2009.12.009 · Cited by 1,452
Resources as dual sources of advantage: Implications for valuing entrepreneurial‐firm patents
Hsu, D. H., & Ziedonis, R. H. (2013) · Strategic Management Journal · doi:10.1002/smj.2037 · Cited by 586
Capron, L., & Shen, J. (2007) · Strategic Management Journal · doi:10.1002/smj.612 · Cited by 549
Metadata
- Authors
- Makadok, R., & Barney, J. B.
- Venue
- Management Science
- Published
- 2001-12
- Volume
- 47
- Issue
- 12
- Pages
- 1621-1638
- ISSN
- 0025-1909 (ISSN-L)
- 1526-5501
- OpenAlex
- W2111512635
- Cited by
- 386
- References
- 52
- FWCI
- 13.50
- Type
- journal article
- Language
- en
- Open access
- closed
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- Makadok, R., & Barney, J. B. (2001). Strategic Factor Market Intelligence: An Application of Information Economics to Strategy Formulation and Competitor Intelligence. Management Science. https://doi.org/10.1287/mnsc.47.12.1621.10245
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
