Surrendering control to gain advantage: Reconciling openness and the resource‐based view of the firm
Abstract
Research Summary Strategic openness—firms voluntary forfeiting of control over resources—seemingly challenges the premise of the resource‐based view (RBV), which posits that firms should control valuable, rare, and inimitable (VRI) resources. We reconcile this apparent paradox by formalizing whether and when firms—consisting of resource bundles and deriving competitive advantage from exploiting selected VRI resources—may maximize profitability...
Paper Details
Title
Surrendering control to gain advantage: Reconciling openness and the resource‐based view of the firm
Published Date
Nov 2, 2017
Journal
Volume
39
Issue
6
Pages
1704 - 1727
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