Why micro-foundations for resource-based theory are needed and what they may look like

Journal of Management

Volumn 37, Issue 5, 2011, Pages 1413-1428

  Foss, Nicolai J ^a,b  

^a Department of International Economics and Management   (Denmark)

^b NORWEGIAN SCHOOL OF ECONOMICS   (Norway)

Author keywords

human resources; micro foundations; motivation; resource based theory

Indexed keywords

EID: 80051848804     PISSN: 01492063     EISSN: 15571211     Source Type: Journal    
DOI: 10.1177/0149206310390218     Document Type: Article

References (91)

1. Abell P.,Felin T.,Foss N. J.Building micro-foundations for the routines, capabilities, and performance links.Managerial and Decision Economics. 2008;29:489-502.
2. Adegbesan J. A.On the origins of competitive advantage: Strategic factor markets and heterogeneous resource complementarity.Academy of Management Review. 2009;34:463-475.
3. Agarwal R.,Barney J. B.,Foss N. J.,Klein P. G.Heterogeneous resources and the financial crisis: Implications of strategic management theory.Strategic Organization. 2009;7:467-484.
4. Agassi L.Institutional individualism.British Journal of Sociology. 1975;26:144-155.
5. Alchian A. A.Specificity, specialization, and coalitions.Journal of Institutional and Theoretical Economics. 1984;140:34-49.
6. Alvarez S. A.,Barney J. B.Discovery and creation: Alternative theories of entrepreneurial action.Strategic Entrepreneurship Journal. 2008;1:11-26.
7. Alvarez S. A.,Busenitz L. W.A resource-based theory of entrepreneurship.Journal of Management. 2001;27:755-775.
8. Barney J. B.Organizational culture: Can it be a source of sustained competitive advantage?.Academy of Management Review. 1986a;11:656-665.
9. Barney J. B.Strategic factor markets: Expectations, luck, and business strategy.Management Science. 1986b;32:1231-1241.
10. Barney J. B.Firm resources and sustained competitive advantage.Journal of Management. 1991;17:99-120.
11. Barney J. B.Is the resource-based view a useful perspective for strategic management research? Yes.Academy of Management Review. 2001a;26:41-54.
12. Barney J. B.Resource-based theories of competitive advantage: A ten-year retrospective on the resource-based view.Journal of Management. 2001b;27:643-650.
13. Barney J.,Wright M.,Ketchen D. J.The resource-based view of the firm: Ten years after 1991.Journal of Management. 2001;27:625-641.
14. Barney J. B.,Zajac E. J.Competitive organizational behavior: Toward an organizationally-based theory of competitive advantage.Strategic Management Journal. 1994;15:5-9.
15. Bromiley P.The behavioral foundations of strategic management. Oxford, UK: Blackwell; 2005:.
16. Coff R.Human assets and management dilemmas: Coping with hazards on the road to resource-based theory.Academy of Management Review. 1997;22:374-402.
17. Coff R.When competitive advantage doesn't lead to performance: Resource-based theory and stakeholder bargaining power.Organization Science. 1999;10:119-133.
18. Coff R.,Kryscynski D. in press. Drilling for micro-foundations of human capital based competitive advantages.Journal of Management.
19. Cohen W. M.,Levinthal D. A.Absorptive capacity: A new perspective on learning and innovation.Administrative Science Quarterly. 1990;35:128-152.
20. Coleman J. S.Foundations of social theory. Cambridge, MA: Belknap; 1990:.
21. Dansereau F.,Yammarino F. J.Multi-level issues in strategy and methods. Amsterdam: Elsevier; 2005:.
22. Deci E.,Ryan R. M.Intrinsic motivation and self-determination in human behavior. Berlin: Springer; 1985:.
23. Denrell J.,Fang C.,Winter S. G.The economic of strategic opportunity.Strategic Management Journal. 2003;24:977-990.
24. Dierickx I.,Cool K.Asset stock accumulation and the sustainability of competitive advantage.Management Science. 1989;35:1504-1511.
25. Dirks K. T.,Lewicki R. J.,Zaheer A.Repairing relationships within and between organizations: building a conceptual foundation.Academy of Management Review. 2009;34:68-84.
26. Dunbar R. I. M.The social brain: Mind, language, and society in evolutionary perspective.Annual Review of Psychology. 2003;32:163-181.
27. Eisenhardt K. M.,Martin J. A.Dynamic capabilities: What are they?.Strategic Management Journal. 2000;21:1105-1121.
28. Eisenhardt K. M.,Santos F. M.Handbook of strategy and management. Pettigrew A.Thomas H.Whittington R., ed. London: Sage; 2002:139-164.
29. Elster J.Nuts and bolts for the social sciences. Cambridge, UK: Cambridge University Press; 1989:.
30. Fama E.Agency problems and the theory of the firm.Journal of Political Economy. 1980;88:388-407.
31. Felin T.,Foss N. J.Strategic organization: A field in search of micro-foundations.Strategic Organization. 2005;3:441-455.
32. Felin T.,Foss N. J.The endogenous origins of experience, Routines and organizational capabilities: The poverty of stimulus.Journal of Institutional Economics.
33. Felin T.,Hesterly W. S.The knowledge-based view, nested heterogeneity, and new value creation: Philosophical considerations on the locus of knowledge.Academy of Management Review. 2007;32:195-218.
34. Foss K.,Foss N. J.Value and transaction costs: How property rights economics furthers the resource-based view.Strategic Management Journal. 2005;26:541-556.
35. Foss N. J.Elgar handbook of research on competitive strategy. Dagnino G., ed. Cheltenham, UK: Edward Elgar; 2011:.
36. Gavetti G.Cognition and hierarchy: Rethinking the microfoundations of capabilities' development.Organization Science. 2005;16:599-617.
37. Gavetti G.,Levinthal D. A.The strategy field from the perspective of management science: Divergent strands and possible integration.Management Science. 2004;50:1309-1318.
38. Ghoshal S.,Nahapiet J.Social capital, intellectual capital, and the organizational advantage.Academy of Management Review. 1998;23:242-266.
39. Gottschalg O.,Zollo M.Interest alignment and competitive advantage.Academy of Management Review. 2007;32:418-437.
40. Hackman J. R.Learning more by crossing levels: Evidence from airplanes, hospitals and orchestras.Journal of Organizational Behavior. 2003;24:905-922.
41. Hart O.Firms, contracts, and financial structure. Oxford, UK: Oxford University Press; 1995:.
42. Hayek F. A.The counter revolution of science. Chicago: University of Chicago Press; 1952:.
43. Heimeriks K.,Felin T.,Foss N. J.,Zollo M.A comparative review of the resource-, capabilities-based and evolutionary theories. 2010;:.
44. Hodgson G.Meanings of methodological individualism.Journal of Economic Methodology. 2007;14:211-226.
45. Hoopes D.,Madsen T.A capability-based view of competitive heterogeneity.Industrial and Corporate Change. 2008;17:393-426.
46. Hoskisson R. E.,Hitt M. A.,Wan W. P.,Yiu D.Theory and research in strategic management: Swings of a pendulum.Journal of Management. 1999;25:417-456.
47. Jaanssen M.Microfoundations: A critical inquiry. London: Routledge; 1993:.
48. Kincaid H.Individualism and the unity of science: Essays on reduction, explanation and the special sciences. Oxford, UK: Rowman and Littlefield; 1997:.
49. King B.,Felin T.,Whetten D.Finding the organization in organization theory: A meta-theory of the organization as social actor.Organization Science. 2010;21:290-305.
50. Knott A.-M.The organizational routines factor market paradox.Strategic Management Journal. 2003;24:929-943.
51. Kogut B.,Zander U.Knowledge of the firm, combinative capabilities, and the replication of technology.Organization Science. 1992;3:383-397.
52. Kruglanski A. W.,Kopetz C.The psychology of goals. Moskowitz G. B.Grant H., ed. New York: Guilford; 2009:27-55.
53. Lazarsfeld P. F.,Menzel H.A sociological reader on complex organizations. Etzioni A., ed. London: Holt, Rinehart and Winston; 1970:.
54. Leijonhufvud A.On Keynesian economics and the economics of Keynes. Oxford, UK: Oxford University Press; 1968:.
55. Liberman V.,Samuels S. M.,Ross L.The name of game: Predictive power of reputations versus situational labels in determining prisoner's dilemma game moves.Personality and Social Psychology Bulletin. 2004;30:1175-1185.
56. Lindenberg S.,Foss N. J.Managing joint production motivation. 2010;:.
57. Lippman S. A.,Rumelt R. P.A bargaining perspective on resource advantage.Strategic Management Journal. 2003a;24:1069-1086.
58. Lippman S. A.,Rumelt R. P.The payments perspective: Micro-foundations of resource analysis.Strategic Management Journal. 2003b;24:903-927.
59. Mahoney J. T.,Pandian J. R.The resource-based view within the conversation of strategic management.Strategic Management Journal. 1992;15:363-380.
60. Makadok R.,Barney J. B.Strategic factor market intelligence: An application of information economics to strategy formulation and competitor intelligence.Management Science. 2001;47:1621-1638.
61. Manski C.Identification of endogenous social effects: The reflection problem.Review of Economic Studies. 1993;60:531-542.
62. Markóczy L.,Goldberg J.Management, organization, and human nature: An introduction.Managerial and Decision Economics. 1998;19:387-409.
63. Matthews J. A.Strategizing, disequilibrium, and profit. Princeton, NJ: Princeton University Press; 2006:.
64. Menger C.Investigations into the method of the social sciences with special reference to economics. Schneider Louis, ed. New York: New York University Press; 1985:.
65. Nelson R. R.,Winter S. G.The evolutionary theory of the firm. Cambridge, MA: Harvard University Press; 1982:.
66. Ocasio W.Towards an attention-based theory of the firm.Strategic Management Journal. 1997;18:187-206.
67. Osterloh M.,Frey B.Motivation, knowledge transfer and organizational form.Organization Science. 2000;11:538-550.
68. Peteraf M. A.The cornerstones of competitive advantage: A resource-based view.Strategic Management Journal. 1993;14:179-191.
69. Popper K. R.Objective knowledge: An evolutionary approach. Oxford, UK: Clarendon; 1972:.
70. Popper K. R.The poverty of historicism. London: Routledge; 1999:.
71. Porter M. E.Competitive strategy. New York: Free Press; 1980:.
72. Postrel S.,Rumelt R. P.Incentives, routines, and self-command.Industrial and Corporate Change. 1992;1:397-425.
73. Prahalad C. K.,Hamel G.The core competence of the corporation.Harvard Business Review. 1990;68:79-91.
74. Psillos S.Scientific realism: How science tracks truth. London: Routledge; 1999:.
75. Rousseau D. M.Issues of level in organizational research: Multi-level and cross-level perspectives.Research in Organizational Behavior. 1985;7:1-37.
76. Sebanz N.,Bekkering H.,Knoblich G.Joint action: Bodies and minds moving together.TRENDS in Cognitive Science. 2006;10:70-76.
77. Silberstein M.The Blackwell guide to the philosophy of science. Machamer P.Silberstein M., ed. Oxford, UK: Blackwell; 2002:80-107.
78. Smith V. A.Constructivist and ecological rationality in economics.American Economic Review. 2003;93:465-508.
79. Teece D. J.Explicating dynamic capabilities: The nature and micro-foundations of (sustainable) enterprise performance.Strategic Management Journal. 2007;28:1319-1350.
80. Teece D. J.,Pisano G.,Shuen A.Dynamic capabilities and strategic management.Strategic Management Journal. 1997;18:509-534.
81. Tirole J.The theory of industrial organization. Cambridge, MA: MIT Press; 1989:.
82. Udehn L.Methodological individualism: Background, history and meaning. London: Routledge; 2001:.
83. Wade M.,Hulland J.Review: The resource-based view and information systems research: Review, extensions, and suggestions for future research.MIS Quarterly. 2004;28:107-142.
84. Wang H.,Barney J.Employee incentives to make firm-specific investments: Implications for resource-based theories of corporate diversification.Academy of Management Review 31. 2006;:466-476.
85. Wang H.,Barney J.Employee incentives to make firm-specific investments: Implications for resource-based theories of corporate diversification.Academy of Management Review. 2008;31:466-476.
86. Wernerfelt B.A resource-based view of the firm.Strategic Management Journal. 1984;5:171-180.
87. Wernerfelt B.From critical resources to corporate strategy.Journal of General Management. 1989;14:4-12.
88. Winter S. G.The competitive challenge. Teece D. J., ed. Cambridge, MA: Ballinger; 1987:.
89. Winter S. G.The satisficing principle in capability learning.Strategic Management Journal. 2001;21:981-996.
90. Winter S. G.Understanding dynamic capabilities.Strategic Management Journal. 2003;24:991-995.
91. Wright P. M.,Dunford B. M.,Snell S. A.Human resources and the resource-based view of the firm.Journal of Management. 2001;27:701-721.