Strategizing by firms in the presence of markets for resources

Industrial and Corporate Change

Volumn 12, Issue 6, 2003, Pages 1157-1193

  Mathews, John A ^a  

^a MACQUARIE UNIVERSITY   (Australia)

Author keywords

[No Author keywords available]

Indexed keywords

INDUSTRIAL PRACTICE; PRODUCTION SYSTEM; STRATEGIC APPROACH; THEORETICAL STUDY;

EID: 0345772117     PISSN: 09606491     EISSN: None     Source Type: Journal    
DOI: 10.1093/icc/12.6.1157     Document Type: Article

References (138)

1. Alchian, A. A. and H. Demsetz (1972), 'Production, information costs, and economic organization,' American Economic Review, 62, 777-795.
2. Anand B. N. and T. Khanna (2000), 'The structure of licensing contracts,' Journal of Industrial Economics, 48, 103-135.
3. Arora, A. (1997), 'Patents, licensing and market structure in the chemical industry,' Research Policy, 26, 391-403.
4. Arora, A. and A. Gambardella (1994), 'Evaluating technological information and utilizing it: scientific knowledge, technological capability, and external linkages in biotechnology,' Journal of Economic Behavior and Organization, 24, 91-114.
5. Arora, A., A. Fosfuri and A. Gambardella (2001a), 'Markets for technology and their implications for corporate strategy,' Industrial and Corporate Change, 10, 419-451.
6. Arora, A., A. Fosfuri and A. Gambardella (2001b), Markets for Technology: The Economics of Innovation and Corporate Strategy. MIT Press: Cambridge, MA.
7. Barney, J. B. (1986a), 'Strategic factor markets: expectations, luck and business strategy,' Management Science, 32, 1231-1241.
8. Barney, J. B. (1986b), 'Types of competition and the theory of strategy: toward an integrative framework,' Academy of Management Review, 11, 791-800.
9. Barney, J. B. (1986c), 'Organizational culture: can it be a source of sustained competitive advantage?' Academy of Management Review, 11, 656-665.
10. Barney, J. B. (1991), 'Firm resources and sustained competitive advantage,' Journal of Management, 17, 99-120.
11. Barney, J. B. (1995), 'Looking inside for competitive advantage,' Academy of Management Executive, 9, 49-60.
12. Barney, J. B. (2001), 'Resource-based theories of competitive advantage: a ten-year retrospective on the resource-based view,' Journal of Management, 27, 643-650.
13. Baumol, W. (2002), The Free-market Innovation Machine: Analyzing the Growth Miracle of Capitalism. Princeton University Press: Princeton, NJ.
14. Besen, S. and L. Raskind (1991), 'An introduction to the law and economics of intellectual property,' Journal of Economic Perspectives, 5, 3-27.
15. Blair, M. M. and S. M. H. Wallman (2001), Unseen Wealth: Report of the Brookings Task Force on Understanding Intangible Sources of Value. Brookings Institution Press: New York.
16. Bodelle, J. and C. Jablon (1993), 'Science and technology scouting at Elf Aquitaine,' Research-Technology Management, 36 (5), 24-28.
17. Bowman, E. H. and D. Hurry (1993), 'Strategy through the option lens: an integrated view of resource investments and the incremental-choice process,' Academy of Management Review, 18, 760-782.
18. Breschi, S., F. Lissoni and F. Malerba (2003), 'Knowledge-relatedness in firm technological diversification,' Research Policy, 32, 69-87.
19. Brusoni, S. and A. Prencipe (2001), 'Unpacking the black box of modularity: technologies, products and organizations,' Industrial and Corporate Change, 10, 179-205.
20. Caves, R., H. Crookell and P. Killing (1983), 'The imperfect market for technology licenses,' Oxford Bulletin of Economics and Statistics, 45, 249-267.
21. Chatterji, D. (1996), Accessing external sources of technology,' Research-Technology Management, 39 (2), 48-54.
22. Chesborough, H. (2003), 'The logic of open innovation: managing intellectual property,' Californian Management Review, 45, 33-58.
23. Christensen, C. M. and R. S. Rosenbloom (1995), 'Explaining the attacker's advantage: technological paradigms, organizational dynamics, and the value network,' Research Policy, 24, 233-256.
24. Cockburn, I. and R. Henderson (1998), 'Absorptive capacity, coauthoring behavior, and the organization of research in drug discovery,' Journal of Industrial Economics, 46, 157-182.
25. Cohen, W. M. and D. A. Levinthal (1990), Absorptive capacity: a new perspective on learning and innovation,' Administrative Science Quarterly, 35, 128-152.
26. Dierickx, I. and K. Cool (1989), 'Asset stock accumulation and the sustainability of competitive advantage,' Management Science, 35, 1504-1511.
27. Dosi, G. and F. Malerba (1996), Organization and Strategy in the Evolution of the Enterprise. Macmillan: London.
28. Ernst, D. and L. S. Kim (2002), 'Introduction: global production networks, information technology and knowledge diffusion,' Industry and Innovation, 9, 147-154.
29. Forrest, J. E. and M. J. C. Martin (1992), 'Strategic alliances between large and small research intensive organizations: experiences in the biotechnology industry,' R&D Management, 22, 41-53.
30. Foss, N. J. (1994), The Austrian School and Modern Economics: Essays in Reassessment. Handelshøjskolens Forlag: Copenhagen.
31. Funk, J. L. (2003), 'Standards, dominant designs and preferential acquisition of complementary assets through slight information advantages,' Research Policy (in press).
32. Gabel, L. (ed.) (1987), Product Standardization and Competitive Strategy. North-Holland: Amsterdam.
33. Gans, J. S. and S. Stern (2000), 'Incumbency and R&D incentives: licensing the gale of creative destruction: Journal of Economics and Management Strategy, 9, 485-511.
34. Gans, J. S. and S. Stern (2003), 'The product market and the market for "ideas": commercialization strategies for technology entrepreneurs,' Research Policy, 32, 335-350.
35. Gans, J. S., D. H. Hsu and S. Stern (2002), 'When does start-up innovation spur the gale of creative destruction?' RAND Journal of Economics, 33, 571-586.
36. Gawer, A. and M. A. Cusumano (2002), Platform Leadership: How Intel, Microsoft and Cisco Drive Industry Innovation. Harvard Business School Press: Boston, MA.
37. Granstrand O. (1998), 'Towards a theory of the technology-based firm,' Research Policy, 27, 465-489.
38. Grant, R. M. (1991), 'The resource-based theory of competitive advantage: implications for strategy formulation,' California Management Review, 33 (3), 114-135.
39. Grindley, P. C. and D. J. Teece (1997), 'Managing intellectual capital: licensing and cross-licensing in semiconductors and electronics,' California Management Review, 39 (2), 8-41.
40. Hagedoorn, J. (2002), 'Inter-firm R&D partnerships: an overview of major trends and patterns since 1960,' Research Policy, 31, 477-492.
41. Hellström, T., J. Eckerstein and A. Helm (2001), 'R&D management through network mapping: using the Internet to identify strategic network actors in cooperative research networks,' R&D Management, 31, 257-263.
42. Henderson, R. and K. B. Clark (1990), 'Architectural innovation: the reconfiguration of existing product technologies and the failure of established firms,' Administrative Science Quarterly, 35, 9-30.
43. Hill, C. W. L. and F. T. Rothaermel (2003),' The performance of incumbent firms in the face of radical technological innovation,' Academy of Management Review, 28, 257-274.
44. Iansiti, M. and J. West (1997), 'Technology integration: turning great research into great products,' Harvard Business Review, May-June, 69-79.
45. Jacobson, R. (1992), 'The "Austrian" school of strategy,' Academy of Management Review, 17, 782-807.
46. Jonash, R. S. (1996), 'Strategic technology leveraging: making outsourcing work for you,' Research-Technology Management, 39, 19-25.
47. Jones, G. K., A. Lanctot and H. J. Teegen (2000), 'Determinants and performance impacts of external technology acquisition', Journal of Business Venturing, 16, 255-283.
48. Kessler, E. H., P. E. Bierly and S. Gopalakrishnan (2000), 'Internal vs. external learning in new product development: effects of speed, costs and competitive advantage,' R&D Management, 30, 213-223.
49. Kirzner, I. M. (1973), Competition and Entrepreneurship. University of Chicago Press: Chicago, IL.
50. Kirzner, I. M. (1992), The Meaning of Market Process: Essays in the Development of Modern Austrian Economics. Routledge: London.
51. Kogut, B. and N. Kulatilaka (2001), 'Capabilities as real options,' Organization Science, 12, 744-758.
52. Kogut, B. and U. Zander (1992), 'Knowledge of the firm, combinative capabilities and the replication of technology,' Organization Science, 3, 383-397.
53. Kor, Y. Y. and J. T. Mahoney (2000), 'Penrose's resource-based approach: the process and product of research creativity,' Journal of Management Studies, 37, 109-139.
54. Kudo, A. (1992), 'Japanese technology absorption of the Haber-Bosch method: the case of the Taki Fertilizer Works,' in D. J. Jeremy (ed.), The Transfer of International Technology: Europe, Japan and the USA in the Twentieth Century. Edward Elgar: Aldershot.
55. Lachmann, L. M. (1956), Capital and its Structure. Bell: London.
56. Lambe, C. J. and R. E. Spekman (1997), 'Alliances, external technology acquisition, and discontinuous technological change,' Journal of Product Innovation Management, 14, 102-116.
57. th centuries,' in N. Lamoreaux, D. M. G. Raff and P. Temin (eds), Learning by Doing in Firms, Markets and Nations. The University of Chicago Press: Chicago, IL.
58. Lamoreaux, N. R. and K. L. Sokoloff (2002), 'Intermediaries in the U. S. market for technology, 1870-1920,' NBER Working Paper No. w9017, National Bureau of Economic Research: New York
59. Lane, P. J. and M. Lubatkin (1998), 'Relative absorptive capacity and interorganizational learning,' Strategic Management Journal, 19, 461-477.
60. Langlois, R. N. (2002), 'Modularity in technology and organization,' Journal of Economic Behavior & Organization, 49, 19-37.
61. Langlois, R. N. and P. L. Robertson (1995), Firms, Markets and Economic Change: A Dynamic Theory of Business Institutions. Routledge: London.
62. Leonard-Barton, D. (1992), The Well-springs of Competitive Advantage. Harvard Business School Press: Boston, MA.
63. Lerner, J. (1994), 'The importance of patent scope: an empirical analysis,' Rand Journal of Economics, 25, 319-333.
64. Levinthal, D. (1995), 'Strategic management and the exploration of diversity,' in C. Montgomery (ed.), Resource-based and Evolutionary Theories of the Firm: Towards a Synthesis. Kluwer: Boston, MA.
65. Lewin P. (1997), 'Capital in disequilibrium: a reexamination of the capital theory of Ludwig M. Lachmann,' History of Political Economy, 29, 523-548.
66. Lewin P. and S. E. Phelan (1999), 'Firms, strategies, and resources: contributions from Austrian economics: Quarterly Journal of Austrian Economics, 2 (2), 3-18.
67. Lieberman, M. B. and D. B. Montgomery (1988), 'First-mover advantages,' Strategic Management Journal, 9, 41-58.
68. Lieberman, M. B. and D. B. Montgomery (1998), 'First-mover (dis)advantages: retrospective and link with the resource-based view,' Strategic Management Journal, 19, 1111-1126.
69. Lippman, S. and R. Rumelt (1982), 'Uncertain imitability: an analysis of interfirm differences in efficiency under uncertainty,' Bell Journal of Economics, 13, 418-438.
70. Lowe, J. and P. Taylor (1998), 'R&D and technology purchase through license agreements: complementary strategies and complementary assets,' R&D Management, 28, 263-278.
71. McGaughey, S. L. (2002), 'Strategic interventions in intellectual asset flows,' Academy of Management Review, 27, 248-274.
72. McGrath, R. G. (1997), 'A real options logic for initiating technology positioning investments,' Academy of Management Review, 22, 974-996.
73. McGrath, R. G. (1999), 'Falling forward: real options reasoning and entrepreneurial failure,' Academy of Management Review, 24, 13-30.
74. McWilliams, A. and D. L. Smart (1993), 'Efficiency v. structure-conduct-performance: implications for strategy research and practice,' Journal of Management, 19, 63-78.
75. McWilliams, A. and D. L. Smart (1995), 'The resource-based view of the firm: does it go far enough in shedding the assumptions of the S-C-P paradigm?' Journal of Management Inquiry, 4, 309-316.
76. Mahoney, J. T. (1995), 'The management of resources and the resource of management,' Journal of Business Research, 33, 91-101.
77. Mahoney, J. T. and J. R. Pandian (1992), 'The resource-based view within the conversation of strategic management,' Strategic Management Journal, 13, 363-380.
78. Makadok, R. (2001), 'Toward a synthesis of the resource-based and dynamic-capability views of rent creation,' Strategic Management Journal, 22, 387-401.
79. Malerba, F. and L. Orsenigo (1997), 'Technological regimes and sectoral patterns of innovative activities,' Industrial and Corporate Change, 6, 83-117.
80. March, J. G. (1991), 'Exploration and exploitation in organizational learning,' Organization Science, 2, 71-87.
81. Mathews, J. A. (1997), 'Silicon Valley of the East: how Taiwan created a semiconductor industry,' California Management Review, 39, 26-54.
82. Mathews, J. A. (1999), 'A Silicon Island of the East: creating a semiconductor industry in Singapore,' California Management Review, 41, 55-78.
83. Mathews, J. A. (2001), 'National systems of economic learning: the case of technology diffusion management in East Asia: International Journal of Technology Management, 22, 455-479.
84. Mathews, J. A. (2002a), Dragon Multinational: A New Model of Global Growth. Oxford University Press: New York.
85. Mathews, J. A. (2002b), 'The origins and dynamics of Taiwan's R&D consortia,' Research Policy, 31, 633-651.
86. Mathews, J. A. (2002c), 'A resource-based view of Schumpeterian economic dynamics,' Journal of Evolutionary Economics, 12, 29-54.
87. Mathews, J. A. (2002d), 'Competitive advantages of the latecomer firm: a resource-based account of industrial catch-up strategies,' Asia Pacific Journal of Management, 19, 467-488.
88. Mathews, J. A. (2003), 'Competitive dynamics and economic learning: an extended resource-based view,' Industrial and Corporate Change, 12, 115-145.
89. Mathews, J. A. and D. S. Cho (1999), 'Combinative capabilities and organizational learning in latecomer firms: the case of the Korean semiconductor industry,' Journal of World Business, 34, 139-156.
90. Mathews, J. A. and D. S. Cho (2000), Tiger Technology: The Creation of a Semiconductor Industry in East Asia. Cambridge University Press: Cambridge.
91. Mathews, J. A. and R. del Carmen (2002), Proteome Systems Ltd: A Macquarie life sciences spinoff, MGSM Case 2002-2. Macquarie Graduate School of Management: Sydney.
92. Merges, R. P. (1995), 'The commercial law of intellectual property,' Michigan Law Review, 93, 1570-1615.
93. Merges, R. P. (2000), 'Intellectual property rights and the new institutional economics,' Vanderbilt Law Review, 53, 1857-1877.
94. Merges, R. P. and R. R. Nelson (1990), 'On the complex economics of patent scope,' Columbia Law Review, 90, 839-916
95. Metcalfe, J. S. (1994), 'Competition, Fisher's principle and increasing returns in the selection process,' Journal of Evolutionary Economics, 4, 327-346.
96. Montgomery, C. (ed.) (1995), Resource-based and Evolutionary Theories of the Firm: Towards a Synthesis. Kluwer: Boston, MA.
97. th-Century America. Cambridge University Press: Cambridge.
98. Mowery, D. C., J. E. Oxley and B. S. Silverman (1996), 'Strategic alliances and interfirm knowledge transfer,' Strategic Management Journal, 17 (Winter Special Issue), 77-91.
99. Mowery, D. C., J. E. Oxley and B. S. Silverman (1998), 'Technological overlap and interfirm cooperation: implications for the resource-based view of the firm,' Research Policy, 27, 507-523.
100. Niosi, J. (2003), 'Alliances are not enough explaining rapid growth in biotechnology firms,' Research Policy, 32, 737-750.
101. Orsenigo, L., M. Pammoli, M. Riccaboni, A. Bonaccorsi and G. Turchetti (1998), 'The evolution of knowledge and the dynamics of an industry network,' Journal of Management and Governance, 1, 147-175.
102. Penrose, E. T. (1959), The Theory of the Growth of the Firm. Wiley: New York.
103. Pisano, G. P. (1990), 'The R&D boundaries of the firm: an empirical analysis: Administrative Science Quarterly, 35, 153-176.
104. Powell, W., K. Koput and L. Smith-Doerr (1996), 'Interorganizational collaboration and the locus of innovation: networks of learning in biotechnology,' Administrative Science Quarterly, 41, 116-145.
105. Reed, R. and R. J. DeFillippi (1990), 'Causal ambiguity, barriers to imitation, and sustainable competitive advantage,' Academy of Management Review, 15, 88-102.
106. Riccaboni, M. and F. Pammoli (2002), 'On firm growth in networks,' Research Policy, 31, 1405-1416.
107. Richardson, G. B. (1975), 'Adam Smith on competition and increasing returns,' in A. S. Skinner and T. Wilson (eds), Essays on Adam Smith. Clarendon Press: Oxford.
108. Rigby, D. and C. Zook (2002), 'Open-market innovation,' Harvard Business Review, October, 5-12.
109. Roberts, E. B. (1995), 'Benchmarking the strategic management of technology, Part 1, Research-Technology Management, 38, 44-56.
110. Sanchez, R. and J. T. Mahoney (1996), 'Modularity, flexibility, and knowledge management in product and organization design: Strategic Management Journal, 17 (Winter Special Issue), 63-76.
111. Sanchez, R., A. Heene and H. Thomas (eds) (1996), Dynamics of Competence-based Competition. Elsevier Pergamon: Oxford.
112. Shan W. J., G. Walker and B. Kogut (1994), 'Interfirm cooperation and startup innovation in the biotechnology industry,' Strategic Management Journal, 15, 387-394.
113. Stigler, G. J. (1951), 'The division of labor is limited by the extent of the market,' Journal of Political Economy, 59, 185-193.
114. Tapon, F. and C. B. Cadsby (1996), 'The optimal organization of research: Evidence from eight case studies of pharmaceutical firms,' Journal of Economic Behavior and Organization, 31, 381-399.
115. Teece, D. J. (1986), 'Profiting from technological innovation: implications for integration, collaboration, licensing, and public policy,' Research Policy, 15, 285-305.
116. Teece, D. J. (1992), 'Competition, cooperation, and innovation: organizational arrangements for regimes of rapid technological progress,' Journal of Economic Behavior and Organization, 18, 1-25.
117. Teece, D. J. (1998), 'Capturing value from knowledge assets: the new economy, markets for know-how, and intangible assets,' California Management Review, 40 (3), 55-79.
118. Teece, D. J., R. Rumelt, G. Dosi and S. Winter (1994), 'Understanding corporate coherence: theory and evidence,' Journal of Economic Behavior and Organization, 23, 1-30.
119. Teece, D. J., G. Pisano and A. Shuen (1997), 'Dynamic capabilities and strategic management,' Strategic Management Journal, 18, 509-533.
120. Tether, B. S. (2002), 'Who cooperates for innovation, and why: an empirical analysis,' Research Policy, 31, 947-967.
121. Thomke, S. and W. Kuemmerle (2002), 'Asset accumulation, interdependence, and technological change: evidence from pharmaceutical drug discovery,' Strategic Management Journal, 23, 619-635.
122. Thompson, D. E. (2001), 'Get big enough (but not too big) to source innovation,' Research-Technology Management, November-December, 22-25.
123. Tripsas, M. (1997), 'Unraveling the process of creative destruction: complementary assets and incumbent survival in the typesetter industry,' Strategic Management Journal, 18 (Summer Special Issue), 119-142.
124. Veugelers, R. (1997), 'Internal R&D expenditures and external technology sourcing,' Research Policy, 26, 303-315.
125. Veugelers, R. and B. Cassiman (1999), 'Make and buy in innovation strategies: Evidence from Belgian manufacturing firms,' Research Policy, 28, 63-80.
126. Von Burg, U. (2001), The Triumph of Ethernet: Technological Communities and the Battle for the LAN Standard. Stanford University Press: Stanford, CA.
127. von Hippel, E. (1988), The Sources of Innovation. Oxford University Press: New York.
128. Warren, K. (1999a), 'The dynamics of strategy,' Business Strategy Review, 10 (3), 1-16.
129. Warren, K. (1999b), 'The dynamics of rivalry,' Business Strategy Review, 10 (4), 41-54.
130. Warren, K. (2002), Competitive Strategy Dynamics. Wiley Europe: London.
131. Wernerfelt, B. (1984), 'A resource-based view of the firm,' Strategic Management Journal, 5, 171-180.
132. West, J. and M. Ashiya (2001), Proteome Systems Ltd. HBS Case 9-602-039. Harvard Business School: Cambridge, MA.
133. Wilson, R. W. (1977), 'The effect of technological environment and product rivalry on R&D effort and the licensing of innovations,' Review of Economics and Statistics, 59, 171-178.
134. Wolff, M. F. (1992), 'Scouting for technology,' Research-Technology Management, 35 (2), 10-12.
135. Young, G. (1995), 'Comment: the resource-based view of the firm and "Austrian" economics. Integration to go beyond the S-C-P paradigm of industrial organization economics,' Journal of Management Inquiry, 4, 333-340.
136. Young, G., K. G. Smith and C. M. Grimm (1996), '"Austrian" and industrial organization perspectives on firm-level competitive activity and performance,' Organization Science, 7, 243-254.
137. Zahra, S. A. and G. George (2002), 'Absorptive capacity: a review, reconceptualization, and extension,' Academy of Management Review, 27, 185-203.
138. Zucker, L. G. and M. R. Darby (1997), 'Present at the biotechnological revolution: transformation of technological identity for a large incumbent pharmaceutical firm,' Research Policy, 26, 429-446.