메뉴 건너뛰기




Volumn 12, Issue 1, 2001, Pages 1-24

Roadblocks to competitive advantage: How organizational constraints and individual decision biases hinder investments in strategic assets

Author keywords

Competitive advantage; Resource based theory; Technology strategy

Indexed keywords


EID: 0346409056     PISSN: 10478310     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1047-8310(00)00036-5     Document Type: Article
Times cited : (7)

References (83)
  • 1
    • 0000713341 scopus 로고
    • Derivation of "rational" economic behavior from hyperbolic discount curves
    • Ainslie, G. (1991). Derivation of "rational" economic behavior from hyperbolic discount curves. American Economic Review, 81 (2), 334-340.
    • (1991) American Economic Review , vol.81 , Issue.2 , pp. 334-340
    • Ainslie, G.1
  • 2
    • 0000589044 scopus 로고
    • Production, information costs, and economic organization
    • Alchian, A. A., & Demsetz, H. (1972). Production, information costs, and economic organization. American Economic Review, 62, 777-795.
    • (1972) American Economic Review , vol.62 , pp. 777-795
    • Alchian, A.A.1    Demsetz, H.2
  • 3
    • 0001248680 scopus 로고
    • Le comportement de l'homme rationnel devent le risque: Critique des postulats et axiomes de l'Ecole Américaine
    • Allais, M. (1953). Le comportement de l'homme rationnel devent le risque: critique des postulats et axiomes de l'Ecole Américaine. Econometrica, 21, 503-546.
    • (1953) Econometrica , vol.21 , pp. 503-546
    • Allais, M.1
  • 6
    • 0002624381 scopus 로고
    • Opinions and social pressure
    • Asch, S. E. (1955). Opinions and social pressure. Scientific American, 193 (5), 31-35.
    • (1955) Scientific American , vol.193 , Issue.5 , pp. 31-35
    • Asch, S.E.1
  • 7
    • 84896930624 scopus 로고
    • Firm resources and sustained competitive advantage
    • Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17, 99-120.
    • (1991) Journal of Management , vol.17 , pp. 99-120
    • Barney, J.B.1
  • 9
    • 0000827872 scopus 로고
    • Discount rates inferred from decisions: An experimental study
    • Benzion, U., Rapoport, A., & Yagil, J. (1989). Discount rates inferred from decisions: an experimental study. Management Science, 35, 270-284.
    • (1989) Management Science , vol.35 , pp. 270-284
    • Benzion, U.1    Rapoport, A.2    Yagil, J.3
  • 10
    • 0011901888 scopus 로고
    • Time preference and preference reversal among experienced subjects: The effects of real payments
    • Bohm, P. (1994). Time preference and preference reversal among experienced subjects: the effects of real payments. Economic Journal, 104, 1370-1378.
    • (1994) Economic Journal , vol.104 , pp. 1370-1378
    • Bohm, P.1
  • 11
    • 38249000875 scopus 로고
    • Preference reversal, lottery-interested subjects and real-world lotteries
    • Bohm, P., & Lind, H. (1993). Preference reversal, lottery-interested subjects and real-world lotteries. Journal of Economic Behavior and Organization, 22, 327-348.
    • (1993) Journal of Economic Behavior and Organization , vol.22 , pp. 327-348
    • Bohm, P.1    Lind, H.2
  • 13
    • 0001909803 scopus 로고
    • The escalation of commitment to a failing course of action: Toward theoretical progress
    • Brockner, J. (1992). The escalation of commitment to a failing course of action: toward theoretical progress. Academy of Management Review, 17, 39-61.
    • (1992) Academy of Management Review , vol.17 , pp. 39-61
    • Brockner, J.1
  • 14
    • 84984421607 scopus 로고
    • Do forecasts produced by organizations reflect anchoring and adjustment?
    • Bromiley, P. (1987). Do forecasts produced by organizations reflect anchoring and adjustment? Journal of Forecasting, 6, 201-206.
    • (1987) Journal of Forecasting , vol.6 , pp. 201-206
    • Bromiley, P.1
  • 15
    • 34249838202 scopus 로고
    • Recent developments in modeling preferences: Uncertainty and ambiguity
    • Camerer, C., & Weber, M. (1992). Recent developments in modeling preferences: uncertainty and ambiguity. Journal of Risk and Uncertainty, 5, 325-370.
    • (1992) Journal of Risk and Uncertainty , vol.5 , pp. 325-370
    • Camerer, C.1    Weber, M.2
  • 16
    • 84970264701 scopus 로고
    • Managerial resources and rents
    • Castanias, R., & Helfat, C. (1991). Managerial resources and rents. Journal of Management, 17 (1), 155-171.
    • (1991) Journal of Management , vol.17 , Issue.1 , pp. 155-171
    • Castanias, R.1    Helfat, C.2
  • 17
    • 0038873720 scopus 로고    scopus 로고
    • Cognitive limitations and investment "myopia"
    • Chi, T., & Fan, D. (1997). Cognitive limitations and investment "myopia". Decision Sciences, 28 (1), 27-57.
    • (1997) Decision Sciences , vol.28 , Issue.1 , pp. 27-57
    • Chi, T.1    Fan, D.2
  • 19
    • 0031484148 scopus 로고    scopus 로고
    • Human assets and management dilemmas: Coping with hazards on the road to resource-based theory
    • Coff, R. (1997). Human assets and management dilemmas: coping with hazards on the road to resource-based theory. Academy of Management Review, 22 (2), 374-402.
    • (1997) Academy of Management Review , vol.22 , Issue.2 , pp. 374-402
    • Coff, R.1
  • 20
    • 0006420785 scopus 로고    scopus 로고
    • Product innovation and technology strategy
    • Cooper, R. G. (2000). Product innovation and technology strategy. Research Technology Management, 43 (1), 38-41.
    • (2000) Research Technology Management , vol.43 , Issue.1 , pp. 38-41
    • Cooper, R.G.1
  • 23
    • 84989092854 scopus 로고
    • Strategic planning and individual temporal orientation
    • Das, T. K. (1987). Strategic planning and individual temporal orientation. Strategic Management Journal, 8, 203-209.
    • (1987) Strategic Management Journal , vol.8 , pp. 203-209
    • Das, T.K.1
  • 24
    • 0033228946 scopus 로고    scopus 로고
    • Cognitive biases and strategic decision processes: An integrative perspective
    • Das, T. K., & Teng, B.-S. (1999). Cognitive biases and strategic decision processes: an integrative perspective. Journal of Management Studies, 36, 758-778.
    • (1999) Journal of Management Studies , vol.36 , pp. 758-778
    • Das, T.K.1    Teng, B.-S.2
  • 25
    • 0013355046 scopus 로고    scopus 로고
    • Dynamic capabilities and new product development in high technology ventures: An empirical analysis of new biotechnology firms
    • Deeds, D. L., DeCarolis, D., & Coombs, J. (2000). Dynamic capabilities and new product development in high technology ventures: an empirical analysis of new biotechnology firms. Journal of Business Venturing, 15 (3), 211-229.
    • (2000) Journal of Business Venturing , vol.15 , Issue.3 , pp. 211-229
    • Deeds, D.L.1    DeCarolis, D.2    Coombs, J.3
  • 26
    • 0011871174 scopus 로고    scopus 로고
    • Understanding knowledge management
    • Demarest, M. (1997). Understanding knowledge management. Long Range Planning, 30, 374-384.
    • (1997) Long Range Planning , vol.30 , pp. 374-384
    • Demarest, M.1
  • 27
    • 58149407822 scopus 로고
    • Confidence in judgment: Persistence of the illusion of validity
    • Einhorn, H. J., & Hogarth, R. M. (1978). Confidence in judgment: persistence of the illusion of validity. Psychological Review, 85, 395-416.
    • (1978) Psychological Review , vol.85 , pp. 395-416
    • Einhorn, H.J.1    Hogarth, R.M.2
  • 30
    • 84982438110 scopus 로고
    • Economic theory of choice and the preference reversal phenomenon
    • Grether, D. M., & Plott, C. R. (1979). Economic theory of choice and the preference reversal phenomenon. American Economic Review, 69, 623-638.
    • (1979) American Economic Review , vol.69 , pp. 623-638
    • Grether, D.M.1    Plott, C.R.2
  • 31
    • 84989103838 scopus 로고
    • A framework linking intangible resources and capabilities to sustainable competitive advantage
    • Hall, R. (1993). A framework linking intangible resources and capabilities to sustainable competitive advantage. Strategic Management Journal, 14 (8), 607-618.
    • (1993) Strategic Management Journal , vol.14 , Issue.8 , pp. 607-618
    • Hall, R.1
  • 32
    • 84977376731 scopus 로고
    • Rational expectations and the limits of rationality: An analysis of heterogeneity
    • Haltiwanger, J., & Waldman, M. (1985). Rational expectations and the limits of rationality: an analysis of heterogeneity. American Economic Review, 75, 326-340.
    • (1985) American Economic Review , vol.75 , pp. 326-340
    • Haltiwanger, J.1    Waldman, M.2
  • 33
    • 84936628616 scopus 로고
    • Structural inertia and organizational change
    • Hannan, M. T., & Freeman, J. (1984). Structural inertia and organizational change. American Sociological Review, 49, 149-164.
    • (1984) American Sociological Review , vol.49 , pp. 149-164
    • Hannan, M.T.1    Freeman, J.2
  • 35
    • 0002329238 scopus 로고
    • Individual discount rates and the purchase and utilization of energy-saving durables
    • Hausman, J. A. (1979). Individual discount rates and the purchase and utilization of energy-saving durables. Bell Journal of Economics, 10, 33-54.
    • (1979) Bell Journal of Economics , vol.10 , pp. 33-54
    • Hausman, J.A.1
  • 36
    • 0030529911 scopus 로고    scopus 로고
    • Rumors of the death of dispositional research are vastly exaggerated
    • House, R. J., Shane, S. A., & Herold, D. M. (1996). Rumors of the death of dispositional research are vastly exaggerated. Academy of Management Review, 21, 202-224.
    • (1996) Academy of Management Review , vol.21 , pp. 202-224
    • House, R.J.1    Shane, S.A.2    Herold, D.M.3
  • 37
    • 0002463140 scopus 로고
    • Postindustrial manufacturing
    • Jaikumar, R. (1986). Postindustrial manufacturing. Harvard Business Review, 64 (6), 69-76.
    • (1986) Harvard Business Review , vol.64 , Issue.6 , pp. 69-76
    • Jaikumar, R.1
  • 38
    • 0003750229 scopus 로고
    • New York: Free Press
    • Janus, I. (1972). Groupthink. New York: Free Press.
    • (1972) Groupthink
    • Janus, I.1
  • 39
    • 44649197264 scopus 로고
    • Theory of the firm: Managerial behavior, agency costs and ownership structure
    • Jensen, M. C., & Meckling, W H. (1976). Theory of the firm: managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3, 305-360.
    • (1976) Journal of Financial Economics , vol.3 , pp. 305-360
    • Jensen, M.C.1    Meckling, W.H.2
  • 41
    • 0000125532 scopus 로고
    • Prospect theory: An analysis of decision under risk
    • Kahneman, D., & Tversky, A. (1979). Prospect theory: an analysis of decision under risk. Econometrica, 47, 263-291.
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 42
    • 0016779859 scopus 로고
    • On the folly of rewarding a while hoping for B
    • Kerr, S. (1975). On the folly of rewarding A while hoping for B. Academy of Management Journal, 18 (4), 769-782.
    • (1975) Academy of Management Journal , vol.18 , Issue.4 , pp. 769-782
    • Kerr, S.1
  • 43
    • 0007784023 scopus 로고
    • Levels issues in theory development, data collection, and analysis
    • Klein, K. J., Dansereau, F., & Hall, R. J. (1994). Levels issues in theory development, data collection, and analysis. Academy of Management Review, 19, 195-229.
    • (1994) Academy of Management Review , vol.19 , pp. 195-229
    • Klein, K.J.1    Dansereau, F.2    Hall, R.J.3
  • 44
    • 84968137209 scopus 로고
    • Options thinking and platform investments: Investing in opportunity
    • Kogut, B., & Kulatilaka, N. (1994). Options thinking and platform investments: investing in opportunity. California Management Review, 36 (2), 52-71.
    • (1994) California Management Review , vol.36 , Issue.2 , pp. 52-71
    • Kogut, B.1    Kulatilaka, N.2
  • 45
    • 84887622727 scopus 로고
    • Knowledge of the firm, combinative capabilities, and the replication of technology
    • Kogut, B., & Zander, U. (1992). Knowledge of the firm, combinative capabilities, and the replication of technology. Organization Science, 3, 383-397.
    • (1992) Organization Science , vol.3 , pp. 383-397
    • Kogut, B.1    Zander, U.2
  • 47
    • 0030509373 scopus 로고    scopus 로고
    • Economic "short-termism": The debate, the unresolved issues, and the implications for management practice and research
    • Laverty, K. (1996). Economic "short-termism": the debate, the unresolved issues, and the implications for management practice and research. Academy of Management Review, 21 (3), 825-860.
    • (1996) Academy of Management Review , vol.21 , Issue.3 , pp. 825-860
    • Laverty, K.1
  • 48
    • 84935643419 scopus 로고
    • Poverty and the rate of time preference: Evidence from panel data
    • Lawrance, E. C. (1991). Poverty and the rate of time preference: evidence from panel data. Journal of Political Economy, 99 (1), 54-77.
    • (1991) Journal of Political Economy , vol.99 , Issue.1 , pp. 54-77
    • Lawrance, E.C.1
  • 49
    • 0000482046 scopus 로고
    • Uncertain imitability: An analysis of interfirm differences in efficiency under competition
    • Lippman, S. A., & Rumelt, R. P. (1982). Uncertain imitability: an analysis of interfirm differences in efficiency under competition. Bell Journal of Economics, 13, 418-438.
    • (1982) Bell Journal of Economics , vol.13 , pp. 418-438
    • Lippman, S.A.1    Rumelt, R.P.2
  • 50
    • 0002597563 scopus 로고
    • The fall and rise of psychological explanations in the economics of intertemporal choice
    • G. Loewenstein, & J. Elster (Eds.), New York: Russell Sage Foundation
    • Loewenstein, G. (1992). The fall and rise of psychological explanations in the economics of intertemporal choice. In: G. Loewenstein, & J. Elster (Eds.), Choice over time (pp. 3-34). New York: Russell Sage Foundation.
    • (1992) Choice over Time , pp. 3-34
    • Loewenstein, G.1
  • 51
    • 84960566726 scopus 로고
    • Anomalies in intertemporal choice: Evidence and an interpretation
    • Loewenstein, G., & Prelec, D. (1992). Anomalies in intertemporal choice: evidence and an interpretation. Quarterly Journal of Economics, 107, 573-597.
    • (1992) Quarterly Journal of Economics , vol.107 , pp. 573-597
    • Loewenstein, G.1    Prelec, D.2
  • 55
    • 0031484914 scopus 로고    scopus 로고
    • A real options logic for initiating technology positioning investments
    • McGrath, R. G. (1997). A real options logic for initiating technology positioning investments. Academy of Management Review, 22, 974-996.
    • (1997) Academy of Management Review , vol.22 , pp. 974-996
    • McGrath, R.G.1
  • 56
    • 0031287507 scopus 로고    scopus 로고
    • Decision making in an organizational setting: Cognitive and organizational influences on risk assessment in commercial lending
    • McNamara, G., & Bromiley, P. (1997). Decision making in an organizational setting: cognitive and organizational influences on risk assessment in commercial lending. Academy of Management Journal, 40, 1063-1088.
    • (1997) Academy of Management Journal , vol.40 , pp. 1063-1088
    • McNamara, G.1    Bromiley, P.2
  • 57
    • 0030305324 scopus 로고    scopus 로고
    • The resource-based view of the firm in two environments: The Hollywood film studios from 1936 to 1965
    • Miller, D., & Shamsie, J. (1996). The resource-based view of the firm in two environments: the Hollywood film studios from 1936 to 1965. Academy of Management Journal, 39, 519-543.
    • (1996) Academy of Management Journal , vol.39 , pp. 519-543
    • Miller, D.1    Shamsie, J.2
  • 59
    • 84989113324 scopus 로고
    • The cornerstones of competitive advantage: A resource-based view
    • Peteraf, M. (1993). The cornerstones of competitive advantage: a resource-based view. Strategic Management Journal, 14 (3), 179-191.
    • (1993) Strategic Management Journal , vol.14 , Issue.3 , pp. 179-191
    • Peteraf, M.1
  • 60
    • 0026916527 scopus 로고
    • Capital disadvantage: America's failing capital investment system
    • Porter, M. E. (1992). Capital disadvantage: America's failing capital investment system. Harvard Business Review, 70 (5), 65-82.
    • (1992) Harvard Business Review , vol.70 , Issue.5 , pp. 65-82
    • Porter, M.E.1
  • 62
    • 0003106484 scopus 로고
    • The core competence of the corporation
    • Prahalad, C. K., & Hamel, G. (1990). The core competence of the corporation. Harvard Business Review, 68 (3), 79-91.
    • (1990) Harvard Business Review , vol.68 , Issue.3 , pp. 79-91
    • Prahalad, C.K.1    Hamel, G.2
  • 63
    • 0000514880 scopus 로고    scopus 로고
    • Rethinking research methods for the resource-based perspective: Isolating sources of sustainable competitive advantage
    • Rouse, M. J., & Daellenbach, U. S. (1999). Rethinking research methods for the resource-based perspective: isolating sources of sustainable competitive advantage. Strategic Management Journal, 20 (5), 487-494.
    • (1999) Strategic Management Journal , vol.20 , Issue.5 , pp. 487-494
    • Rouse, M.J.1    Daellenbach, U.S.2
  • 64
    • 0001861292 scopus 로고
    • Issues of level in organizational research: Multi-level and cross-level perspectives
    • Rousseau, D. M. (1985). Issues of level in organizational research: multi-level and cross-level perspectives. Research in Organizational Behavior, 7, 1-37.
    • (1985) Research in Organizational Behavior , vol.7 , pp. 1-37
    • Rousseau, D.M.1
  • 65
    • 84989046113 scopus 로고
    • How much does industry matter?
    • Rumelt, R. P. (1991). How much does industry matter? Strategic Management Journal, 12 (3), 167-186.
    • (1991) Strategic Management Journal , vol.12 , Issue.3 , pp. 167-186
    • Rumelt, R.P.1
  • 66
    • 84977371412 scopus 로고
    • The relevance of quasi-rationality in experimental markets
    • Russell, T., & Thaler, R. (1985). The relevance of quasi-rationality in experimental markets. American Economic Review, 75, 1071-1082.
    • (1985) American Economic Review , vol.75 , pp. 1071-1082
    • Russell, T.1    Thaler, R.2
  • 67
    • 0033283301 scopus 로고    scopus 로고
    • Technological resources and the direction of corporate diversification: Toward an integration of the resource-based view and transaction cost economics
    • Silverman, B. S. (1999). Technological resources and the direction of corporate diversification: toward an integration of the resource-based view and transaction cost economics. Management Science, 45, 1109-1124.
    • (1999) Management Science , vol.45 , pp. 1109-1124
    • Silverman, B.S.1
  • 69
    • 0002180672 scopus 로고
    • Reconceptualizing the determinants of risk behavior
    • Sitkin, S. B., & Pablo, A. L. (1992). Reconceptualizing the determinants of risk behavior. Academy of Management Review, 17, 9-38.
    • (1992) Academy of Management Review , vol.17 , pp. 9-38
    • Sitkin, S.B.1    Pablo, A.L.2
  • 70
    • 0346271655 scopus 로고
    • Determinants of risky decision-making behavior: A test of the mediating role of risk perceptions and propensity
    • Sitkin, S. B., & Weingart, L. R. (1995). Determinants of risky decision-making behavior: a test of the mediating role of risk perceptions and propensity. Academy of Management Journal, 29, 562-585.
    • (1995) Academy of Management Journal , vol.29 , pp. 562-585
    • Sitkin, S.B.1    Weingart, L.R.2
  • 71
    • 49649151167 scopus 로고
    • Comparison of Bayesian and regression approaches in the study of information processing in judgment
    • Slovic, P., & Lichtenstein, S. (1971). Comparison of Bayesian and regression approaches in the study of information processing in judgment. Organizational Behavior and Human Performance, 6, 649-744.
    • (1971) Organizational Behavior and Human Performance , vol.6 , pp. 649-744
    • Slovic, P.1    Lichtenstein, S.2
  • 72
    • 0000815341 scopus 로고
    • The escalation of commitment to a course of action
    • Staw, B. M. (1981). The escalation of commitment to a course of action. Academy of Management Review, 6, 577-587.
    • (1981) Academy of Management Review , vol.6 , pp. 577-587
    • Staw, B.M.1
  • 74
    • 0002096935 scopus 로고
    • Towards an economic theory of the multiproduct firm
    • Teece, D. (1982). Towards an economic theory of the multiproduct firm. Journal of Economic Behavior and Organization, 3 (1), 38-63.
    • (1982) Journal of Economic Behavior and Organization , vol.3 , Issue.1 , pp. 38-63
    • Teece, D.1
  • 75
    • 0000673030 scopus 로고
    • Some empirical evidence on dynamic inconsistency
    • Thaler, R. H. (1981). Some empirical evidence on dynamic inconsistency. Economics Letters, 8, 201-207.
    • (1981) Economics Letters , vol.8 , pp. 201-207
    • Thaler, R.H.1
  • 77
    • 34247529903 scopus 로고
    • Availability: A heuristic for judging frequency and probability
    • Tversky, A., & Kahneman, D. (1973). Availability: a heuristic for judging frequency and probability. Cognitive Psychology, 5, 207-232.
    • (1973) Cognitive Psychology , vol.5 , pp. 207-232
    • Tversky, A.1    Kahneman, D.2
  • 78
    • 0016264378 scopus 로고
    • Judgment under uncertainty: Heuristics and biases
    • Tversky, A., & Kahneman, D. (1974). Judgment under uncertainty: heuristics and biases. Science, 185, 1124-1131.
    • (1974) Science , vol.185 , pp. 1124-1131
    • Tversky, A.1    Kahneman, D.2
  • 79
    • 0002656477 scopus 로고
    • Rational choice and the framing of decisions
    • R. M. Hogarth, & M. W. Reder (Eds.), Chicago: University of Chicago Press
    • Tversky, A., & Kahneman, D. (1987). Rational choice and the framing of decisions. In: R. M. Hogarth, & M. W. Reder (Eds.), Rational choice: the contrast between economics and psychology (pp. 67-94). Chicago: University of Chicago Press.
    • (1987) Rational Choice: The Contrast between Economics and Psychology , pp. 67-94
    • Tversky, A.1    Kahneman, D.2
  • 80
    • 84989133012 scopus 로고
    • A resource-based view of the firm
    • Wernerfelt, B. (1984). A resource-based view of the firm. Strategic Management Journal, 5, 171-180.
    • (1984) Strategic Management Journal , vol.5 , pp. 171-180
    • Wernerfelt, B.1
  • 82
    • 0033114555 scopus 로고    scopus 로고
    • Exploiting the dynamic links between competitive and technology strategies
    • Zahra, S., Sisodia, R., & Matherne, B. (1999). Exploiting the dynamic links between competitive and technology strategies. European Management Journal, 17 (2), 188-203.
    • (1999) European Management Journal , vol.17 , Issue.2 , pp. 188-203
    • Zahra, S.1    Sisodia, R.2    Matherne, B.3
  • 83
    • 0011596524 scopus 로고
    • Knowledge and the speed of the transfer and imitation of organizational capabilities
    • Zander, U., & Kogut, B. (1995). Knowledge and the speed of the transfer and imitation of organizational capabilities. Organization Science, 6 (1), 76-92.
    • (1995) Organization Science , vol.6 , Issue.1 , pp. 76-92
    • Zander, U.1    Kogut, B.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.