Asset Stock Accumulation and Sustainability of Competitive Advantage

• Ingemar Dierickx

  INSEAD, Boulevard de Constance, 77305 Fontainebleau Cedex, France

• Karel Cool

  INSEAD, Boulevard de Constance, 77305 Fontainebleau Cedex, France

抄録

Given incomplete factor markets, appropriate time paths of flow variables must be chosen to build required stocks of assets. That is, critical resources are accumulated rather than acquired in “strategic factor markets” (Barney [Barney, J. 1986. Strategic factor markets: Expectations, luck, and business strategy. Management Sci. (October) 1231–1241.]). Sustainability of a firm's asset position hinges on how easily assets can be substituted or imitated. Imitability is linked to the characteristics of the asset accumulation process: time compression diseconomies, asset mass efficiencies, inter-connectedness, asset erosion and causal ambiguity.

収録刊行物

• Management Science

  Management Science 35 (12), 1504-1511, 1989-12

  Institute for Operations Research and the Management Sciences (INFORMS)

キーワード

• Management Science and Operations Research
• Strategy and Management

詳細情報

• CRID: 1362825894400652416
• NII論文ID: 30041580896
• DOI: 10.1287/mnsc.35.12.1504
• ISSN: 15265501
• ISSN: 00251909
• Web Site: https://pubsonline.informs.org/doi/pdf/10.1287/mnsc.35.12.1504
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