The Use of Resources in Resource Acquisition
Name
Wernerfelt_The Use of Resources.pdf
Size
97.76 KB
Format
Adobe PDF
Checksum (MD5)
e6c72907f23682ae3fcc2221d815e120
Author(s)
Wernerfelt, Birger
Date Issued
May 2010
Journal
Journal of Management
Publisher
Sage Publications
Citation
Wernerfelt, B. “Invited Editorial: The Use of Resources in Resource Acquisition.” Journal of Management 37.5 (2010): 1369–1373.
Version
Author's final manuscript
Abstract
The author considers the processes through which a firm can acquire resources and argues that its current stock of resources create asymmetries in competition for new resources. Two simple models illustrate how this can work through linkages on the demand and/or cost side. The normative implication is that firms should expand their resource portfolios by building on their existing resources; different firms will then acquire different new resources, and small initial heterogeneities will amplify over time.
MIT Department
Sloan School of Management
Terms of Use
Creative Commons Attribution-Noncommercial-Share Alike 3.0
Persistent DSpace Link
DOI of Published Version
https://doi.org/10.1177/0149206310371693
