What Makes a Resource Valuable? Identifying the Drivers of Firm-Idiosyncratic Resource Value.

Material TypeArticleLanguageEnglish
TitleWhat Makes a Resource Valuable? Identifying the Drivers of Firm-Idiosyncratic Resource Value. Author(S)Jens Schmidt (Author)
Abstract  We fill a gap in the resource-based literature by identifying conditions and mechanisms that make a resource valuable to a firm ex ante—that is, before a decision on acquiring or building it is made. These conditions are (1) the firm's ex ante market position; (2) its ex ante resource base, which allows for complementarities; (3) its position in interorganizational networks, which gives it access to privileged information; and (4) the prior knowledge and experience of its managers, which allow superior judgment concerning the value-creating potential of the resource. ...Paginationp 206-228
SubjectManagementDescriptorsManagement
Journal TitleThe Academy of Management Review  
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