메뉴 건너뛰기




Volumn 12, Issue 6, 2001, Pages 744-758

Capabilities as Real Options

Author keywords

Capabilities; Heuristics; Irreversibility; Landscapes; Options; Strategy

Indexed keywords


EID: 0035646884     PISSN: 10477039     EISSN: None     Source Type: Journal    
DOI: 10.1287/orsc.12.6.744.10082     Document Type: Article
Times cited : (386)

References (67)
  • 3
    • 0002680777 scopus 로고
    • Capabilities and capital investment: New perspectives on capital budgeting
    • Baldwin, Carliss, Kim Clark. 1992. Capabilities and capital investment: New perspectives on capital budgeting. J. Applied Corporate Finance 5 67-82.
    • (1992) J. Applied Corporate Finance , vol.5 , pp. 67-82
    • Baldwin, C.1    Clark, K.2
  • 4
    • 84971162128 scopus 로고    scopus 로고
    • Capital budgeting systems and capabilities investments in U.S. companies after World War II
    • _, _. Capital budgeting systems and capabilities investments in U.S. companies after World War II. Bus. History Rev. 68(1) 73-109.
    • Bus. History Rev. , vol.68 , Issue.1 , pp. 73-109
  • 6
    • 0000648913 scopus 로고
    • Strategic factor markets: Expectations, luck, and business strategy
    • Barney, Jay. 1986. Strategic factor markets: Expectations, luck, and business strategy. Management Sci. 32(10) 1231-1241.
    • (1986) Management Sci. , vol.32 , Issue.10 , pp. 1231-1241
    • Barney, J.1
  • 7
    • 85015692260 scopus 로고
    • The pricing of options and corporate liabilities
    • Black, F., M. Scholes. 1973. The pricing of options and corporate liabilities. J. Political Economy 81 637-659.
    • (1973) J. Political Economy , vol.81 , pp. 637-659
    • Black, F.1    Scholes, M.2
  • 8
    • 0001296905 scopus 로고
    • Consistency and optimality in managerial decision making
    • Bowman, Edward. 1963. Consistency and optimality in managerial decision making. Management Sci. 9 310-321.
    • (1963) Management Sci. , vol.9 , pp. 310-321
    • Bowman, E.1
  • 9
    • 0348135990 scopus 로고
    • Strategy history: Through different mirrors
    • _. 1995. Strategy history: Through different mirrors. Adv. in Strategic Management 11 25-45.
    • (1995) Adv. in Strategic Management , vol.11 , pp. 25-45
  • 10
    • 21344476299 scopus 로고
    • Strategy through the option lens: An integrated view of resource investments and the incremental choice process
    • _, D. Hurry. 1993. Strategy through the option lens: An integrated view of resource investments and the incremental choice process. Acad. Management Rev. 18(4) 760-782.
    • (1993) Acad. Management Rev. , vol.18 , Issue.4 , pp. 760-782
    • Hurry, D.1
  • 14
    • 22644452557 scopus 로고    scopus 로고
    • Commentary on the Organization Science special issue on complexity
    • Cohen, Michael. 1999. Commentary on the Organization Science special issue on complexity. Organ. Sci. 10 373-376.
    • (1999) Organ. Sci. , vol.10 , pp. 373-376
    • Cohen, M.1
  • 15
    • 0141763412 scopus 로고
    • Organizational routines are stored as procedural memory: Evidence from laboratory study
    • _, Paul Bacdayan. 1994. Organizational routines are stored as procedural memory: Evidence from laboratory study. Organ. Sci. 5 554-568.
    • (1994) Organ. Sci. , vol.5 , pp. 554-568
    • Bacdayan, P.1
  • 16
    • 0000857363 scopus 로고
    • Asset stock accumulation and the sustainability of competitive advantage
    • Dierickx, Ingemar, Karel Cool. 1989. Asset stock accumulation and the sustainability of competitive advantage. Management Sci. 35 1504-1511.
    • (1989) Management Sci. , vol.35 , pp. 1504-1511
    • Dierickx, I.1    Cool, K.2
  • 18
    • 0002413253 scopus 로고
    • National specificities and the context of change: The coevolution of organization and technology
    • B. Kogut, ed. Oxford University Press, New York
    • Dosi, Giovanni, Bruce Kogut. 1993. National specificities and the context of change: The coevolution of organization and technology. B. Kogut, ed. Country Competitiveness: Technology and the Organizing of Work. Oxford University Press, New York.
    • (1993) Country Competitiveness: Technology and the Organizing of Work
    • Dosi, G.1    Kogut, B.2
  • 19
    • 0001405766 scopus 로고
    • Managing your core incompetencies for innovation
    • Dougherty, Deborah. 1995. Managing your core incompetencies for innovation. Entrepreneurship, Theory, Practice 19 113-135.
    • (1995) Entrepreneurship, Theory, Practice , vol.19 , pp. 113-135
    • Dougherty, D.1
  • 22
    • 0000268518 scopus 로고
    • The population ecology of organizations
    • Hannan, Michael, John Freeman. 1977. The population ecology of organizations. Amer. J. Soc. 82 929-964.
    • (1977) Amer. J. Soc. , vol.82 , pp. 929-964
    • Hannan, M.1    Freeman, J.2
  • 23
    • 84936628616 scopus 로고
    • Structural inertia and organizational change
    • _, _. 1984. Structural inertia and organizational change. Amer. Soc. Rev. 49 149-164.
    • (1984) Amer. Soc. Rev. , vol.49 , pp. 149-164
  • 24
    • 0001904349 scopus 로고
    • Action in hierarchies: New approaches to managing the MNC
    • Christopher A. Bartlett, Yves Doz, Gunnar Hedlund, eds. Routledge, London and New York
    • Hedlund, Gunnar, Dag Rolander. 1990. Action in hierarchies: New approaches to managing the MNC. Christopher A. Bartlett, Yves Doz, Gunnar Hedlund, eds. Managing the Global Firm. Routledge, London and New York.
    • (1990) Managing the Global Firm
    • Hedlund, G.1    Rolander, D.2
  • 25
    • 84869431550 scopus 로고
    • Underinvestment and incompetence as responses to radical innovation: Evidence from the photolithographic alignment equipment industry
    • Henderson, Rebecca. 1993. Underinvestment and incompetence as responses to radical innovation: Evidence from the photolithographic alignment equipment industry. Rand J. 24 248-270.
    • (1993) Rand J. , vol.24 , pp. 248-270
    • Henderson, R.1
  • 26
    • 0001511053 scopus 로고
    • Architectural innovation: The reconfiguration of existing product technologies and the failure of established firms
    • _, Kim Clark. 1990. Architectural innovation: The reconfiguration of existing product technologies and the failure of established firms. Admin. Sci. Quart. 35 9-30.
    • (1990) Admin. Sci. Quart. , vol.35 , pp. 9-30
    • Clark, K.1
  • 29
    • 0030495938 scopus 로고    scopus 로고
    • Technological platforms and diversification
    • Kim, Dong Jae, Bruce Kogut. 1996. Technological platforms and diversification. Organ. Sci. 7 283-301.
    • (1996) Organ. Sci. , vol.7 , pp. 283-301
    • Kim, D.J.1    Kogut, B.2
  • 30
    • 85037272481 scopus 로고
    • Working paper, Reginald H. Jones Center, Wharton School, University of Pennsylvania, Philadelphia, PA
    • Kogut, Bruce, Nalin Kulatilaka. 1992. What is a critical capability? Working paper, Reginald H. Jones Center, Wharton School, University of Pennsylvania, Philadelphia, PA.
    • (1992) What Is a Critical Capability?
    • Kogut, B.1    Kulatilaka, N.2
  • 31
    • 84968137209 scopus 로고
    • Options thinking and platform investments: Investing in opportunity
    • _, _. 1994a. Options thinking and platform investments: Investing in opportunity. California Management Rev. 36 52-71.
    • (1994) California Management Rev. , vol.36 , pp. 52-71
  • 32
    • 0000160102 scopus 로고
    • Operating flexibility, global manufacturing, and the option value of multinationality
    • _, _. 1994b. Operating flexibility, global manufacturing, and the option value of multinationality. Management Sci. 40 123-139.
    • (1994) Management Sci. , vol.40 , pp. 123-139
  • 34
    • 0032137432 scopus 로고    scopus 로고
    • Strategic growth options
    • _, Enrico Perotti. 1998. Strategic growth options. Management Sci. 1021-1031.
    • (1998) Management Sci. , pp. 1021-1031
    • Perotti, E.1
  • 35
    • 0041054357 scopus 로고
    • Extensions of Bowman's theory on managerial decision-making
    • Kunreuther, Howard. 1969. Extensions of Bowman's theory on managerial decision-making. Management Sci. 16 B415-B439.
    • (1969) Management Sci. , vol.16
    • Kunreuther, H.1
  • 36
    • 0031176451 scopus 로고    scopus 로고
    • Adaptation on rugged landscapes
    • Levinthal, Daniel. 1997. Adaptation on rugged landscapes. Management Sci. 43 934-950.
    • (1997) Management Sci. , vol.43 , pp. 934-950
    • Levinthal, D.1
  • 37
    • 84989063836 scopus 로고
    • The myopia of learning
    • _, James March. 1993. The myopia of learning. Strategic Management J. 1495-112.
    • (1993) Strategic Management J. , pp. 1495-2112
    • March, J.1
  • 38
    • 0033261731 scopus 로고    scopus 로고
    • The co-evolution of new organizational forms
    • Lewin, Arie, T. Carroll, C. Long. 1998. The co-evolution of new organizational forms. Organ. Sci. 10 535-550.
    • (1998) Organ. Sci. , vol.10 , pp. 535-550
    • Lewin, A.1    Carroll, T.2    Long, C.3
  • 39
    • 0033272472 scopus 로고    scopus 로고
    • Prolegomena on co-evolution: A framework for on research on strategy and new organizational forms
    • _, Henk Volderba. 1999. Prolegomena on co-evolution: A framework for on research on strategy and new organizational forms. Organ. Sci. 10 519-534.
    • (1999) Organ. Sci. , vol.10 , pp. 519-534
    • Volderba, H.1
  • 40
    • 0347505944 scopus 로고
    • Comparison of Japanese and US organizational structures
    • B. Kogut, ed. Oxford University Press, New York
    • Lincoln, James. 1993. Comparison of Japanese and US organizational structures. B. Kogut, ed. Country Competitiveness: Technology and the Organizing of Work. Oxford University Press, New York.
    • (1993) Country Competitiveness: Technology and the Organizing of Work
    • Lincoln, J.1
  • 41
    • 0001429002 scopus 로고    scopus 로고
    • Human resource bundles and manufacturing performance: Flexible production systems in the world auto industry
    • MacDuffie, John Paul. 1996. Human resource bundles and manufacturing performance: Flexible production systems in the world auto industry. Indust. Labor Relations Rev. 97-221.
    • (1996) Indust. Labor Relations Rev. , pp. 97-221
    • MacDuffie, J.P.1
  • 42
    • 0000460035 scopus 로고
    • Speed and cost of industrial innovation in Japan and United States
    • Mansfield, Edward. 1988. Speed and cost of industrial innovation in Japan and United States. Management Sci. 34 1157-1168.
    • (1988) Management Sci. , vol.34 , pp. 1157-1168
    • Mansfield, E.1
  • 43
    • 0001812752 scopus 로고
    • Exploration and exploitation in organizational learning
    • March, James. 1991. Exploration and exploitation in organizational learning. Organ. Sci. 2 71-87.
    • (1991) Organ. Sci. , vol.2 , pp. 71-87
    • March, J.1
  • 45
    • 0000435025 scopus 로고
    • Option pricing when the underlying asset earns a below-equilibrium rate of return: A note
    • McDonald, Robert, Daniel Siegel. 1984. Option pricing when the underlying asset earns a below-equilibrium rate of return: A note. J. Finance. 39 261-265.
    • (1984) J. Finance. , vol.39 , pp. 261-265
    • McDonald, R.1    Siegel, D.2
  • 46
    • 0033472505 scopus 로고    scopus 로고
    • Avoiding complexity catastrophe in coevolutionary pockets: Strategies for rugged landscapes
    • McKelvey, Bill. 1999. Avoiding complexity catastrophe in coevolutionary pockets: Strategies for rugged landscapes. Organ. Sci. 10 294-321.
    • (1999) Organ. Sci. , vol.10 , pp. 294-321
    • McKelvey, B.1
  • 47
    • 34248474317 scopus 로고
    • Option pricing when underlying stock returns are discontinuous
    • Merton, Robert C. 1976. Option pricing when underlying stock returns are discontinuous. J. Financial Econom. 3 125-144.
    • (1976) J. Financial Econom. , vol.3 , pp. 125-144
    • Merton, R.C.1
  • 49
    • 0002335404 scopus 로고
    • The economics of modern manufacturing: Technology, strategy, and organization
    • Milgrom, Paul, John Roberts. 1990. The economics of modern manufacturing: Technology, strategy, and organization. Amer. Econom. Rev. 80 511-528.
    • (1990) Amer. Econom. Rev. , vol.80 , pp. 511-528
    • Milgrom, P.1    Roberts, J.2
  • 50
  • 54
    • 0000281418 scopus 로고
    • Irreversibility, uncertainty, and investment
    • Pindyck, Robert S. 1991. Irreversibility, uncertainty, and investment. J. Econom. Literature. 29(3) 1110-1148.
    • (1991) J. Econom. Literature. , vol.29 , Issue.3 , pp. 1110-1148
    • Pindyck, R.S.1
  • 56
    • 84963036515 scopus 로고
    • Research and development resource allocation under rivalry
    • Scherer, F. M. 1967. Research and development resource allocation under rivalry. Quart. J. Econom. 81 359-394.
    • (1967) Quart. J. Econom. , vol.81 , pp. 359-394
    • Scherer, F.M.1
  • 60
    • 0000100309 scopus 로고
    • Unpacking stickiness: An empirical investigation of the barriers to transfer best practice inside the firm
    • Szulanski, Gabriel. 1995. Unpacking stickiness: An empirical investigation of the barriers to transfer best practice inside the firm. Acad. Management Best Paper Proceedings 437-441.
    • (1995) Acad. Management Best Paper Proceedings , pp. 437-441
    • Szulanski, G.1
  • 61
    • 0342775775 scopus 로고    scopus 로고
    • Dynamic capabilities and strategic management
    • Teece, David, Gary Pisano, Amy Shuen. 1997. Dynamic capabilities and strategic management. Strategic Management J. 18 509-534.
    • (1997) Strategic Management J. , vol.18 , pp. 509-534
    • Teece, D.1    Pisano, G.2    Shuen, A.3
  • 64
    • 84881946969 scopus 로고
    • Technological discontinuities and organizational environments
    • Tushman, Michael, Philip Anderson. 1986. Technological discontinuities and organizational environments. Admin. Sci. Quart. 31439-465.
    • (1986) Admin. Sci. Quart. , pp. 31439-31465
    • Tushman, M.1    Anderson, P.2
  • 67
    • 0011596524 scopus 로고
    • Knowledge and the speed of the transfer and imitation of organizational capabilities: An empirical test
    • Zander, Udo, Bruce Kogut. 1995. Knowledge and the speed of the transfer and imitation of organizational capabilities: An empirical test. Organ. Sci. 6 76-92.
    • (1995) Organ. Sci. , vol.6 , pp. 76-92
    • Zander, U.1    Kogut, B.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.