Capabilities as Real Options

References

• Amram Martha, Kulatilaka Nalin. Real Options: Managing Strategic Investments in an Uncertain World (1999) (Harvard Business School Press, Harvard, Cambridge, MA) Google Scholar
• Argyris Chris, Schoen Donald. Organizational Learning (1978) (Addison-Wesley, Reading, MA) Google Scholar
• Baldwin Carliss, Clark Kim. Capabilities and capital investment: New perspectives on capital budgeting. J. Applied Corporate Finance (1992) 5:67–82Crossref, Google Scholar
• Baldwin Carliss, Clark Kim. Capital budgeting systems and capabilities investments in U.S. companies after World War II. Bus. History Rev.68(1):73–109Crossref, Google Scholar
• Baldwin Carliss, Clark Kim. Design Rules: The Power of Modularity (2001) (MIT Press). ForthcomingGoogle Scholar
• Barney Jay. Strategic factor markets: Expectations, luck, and business strategy. Management Sci. (1986) 32(10):1231–1241Link, Google Scholar
• Black F., Scholes M. The pricing of options and corporate liabilities. J. Political Economy (1973) 81:637–659Crossref, Google Scholar
• Bowman Edward. Consistency and optimality in managerial decision making. Management Sci. (1963) 9:310–321Link, Google Scholar
• Bowman Edward. Strategy history: Through different mirrors. Adv. in Strategic Management (1995) 11:25–45Google Scholar
• Bowman Edward, Hurry D. Strategy through the option lens: An integrated view of resource investments and the incremental choice process. Acad. Management Rev. (1993) 18(4):760–782Crossref, Google Scholar
• Bowman Edward, Moskowitz Gary. The use of options analysis in strategic decision making (1997) (Reginald H. Jones Center, Wharton School, University of Pennsylvania) . Working PaperGoogle Scholar
• Boyer Robert, Chavance Bernard, Godard Olivier. Les Figures de l'irréversibilité en Économie (1991) (Paris: EHESS)Google Scholar
• Brown Shona, Eisenhardt Kathleen. Competing on the Edge: Strategies as Structured Chaos (1998) (Harvard Business School Press, Boston, MA) Google Scholar
• Cohen Michael. Commentary on the Organization Science special issue on complexity. Organ. Sci. (1999) 10:373–376Link, Google Scholar
• Cohen Michael, Bacdayan Paul. Organizational routines are stored as procedural memory: Evidence from laboratory study. Organ. Sci. (1994) 5:554–568Link, Google Scholar
• Dierickx Ingemar, Cool Karel. Asset stock accumulation and the sustainability of competitive advantage. Management Sci. (1989) 35:1504–1511Link, Google Scholar
• Dixit Avinash, Pindyck Robert. Investment Under Uncertainty (1994) (Princeton University Press, Princeton, NJ) Crossref, Google Scholar
• Dosi Giovanni, Kogut Bruce, Kogut B. National specificities and the context of change: The coevolution of organization and technology. Country Competitiveness: Technology and the Organizing of Work (1993) (Oxford University Press, New York) Google Scholar
• Dougherty Deborah. Managing your core incompetencies for innovation. Entrepreneurship, Theory, Practice (1995) 19:113–135Crossref, Google Scholar
• Georgescu-Roegen Nicholas. The Entropy Laws and Economic Progress (1971) (Harvard University, Cambridge, MA) Crossref, Google Scholar
• Hamel Gary, Prahalad C. K.Competing for the Future: Breakthrough Strategies (1994) (Harvard Business School Press, Boston, MA) Google Scholar
• Hannan Michael, Freeman John. The population ecology of organizations. Amer. J. Soc. (1977) 82:929–964Crossref, Google Scholar
• Hannan Michael, Freeman John. Structural inertia and organizational change. Amer. Soc. Rev. (1984) 49:149–164Crossref, Google Scholar
• Hedlund Gunnar, Rolander Dag, Bartlett Christopher A., Doz Yves, Hedlund Gunnar. Action in hierarchies: New approaches to managing the MNC. Managing the Global Firm (1990) (Routledge, London and New York) Google Scholar
• Henderson Rebecca. Underinvestment and incompetence as responses to radical innovation: Evidence from the photolithographic alignment equipment industry. Rand J. (1993) 24:248–270Crossref, Google Scholar
• Henderson Rebecca, Clark Kim. Architectural innovation: The reconfiguration of existing product technologies and the failure of established firms. Admin. Sci. Quart. (1990) 35:9–30Crossref, Google Scholar
• Hull John C.Options, Futures, and Other Derivatives (1997) 3rd Edition.(Prentice-Hall, Englewood Cliffs, New Jersey) Google Scholar
• Kauffman Stuart. The Origins of Order: Self Organization and Selection in Evolution (1993) (Oxford University Press, New York) Crossref, Google Scholar
• Kim Dong Jae, Kogut Bruce. Technological platforms and diversification. Organ. Sci. (1996) 7:283–301Link, Google Scholar
• Kogut Bruce, Kulatilaka Nalin. What is a critical capability? (1992) (Reginald H. Jones Center, Wharton School, University of Pennsylvania, Philadelphia, PA) . Working paperGoogle Scholar
• Kogut Bruce, Kulatilaka Nalin. Options thinking and platform investments: Investing in opportunity. California Management Rev. (1994a) 36:52–71Crossref, Google Scholar
• Kogut Bruce, Kulatilaka Nalin. Operating flexibility, global manufacturing, and the option value of multinationality. Management Sci. (1994b) 40:123–139Link, Google Scholar
• Kulatilaka Nalin, Marcus Alan J. Hedging foreign project risk. J. Internat. Financial Management Accounting (1994) 5(2):142–156Crossref, Google Scholar
• Kulatilaka Nalin, Perotti Enrico. Strategic growth options. Management Sci. (1998) 1021–1031Link, Google Scholar
• Kunreuther Howard. Extensions of Bowman's theory on managerial decision-making. Management Sci. (1969) 16:B415–B439Link, Google Scholar
• Levinthal Daniel. Adaptation on rugged landscapes. Management Sci. (1997) 43:934–950Link, Google Scholar
• Levinthal Daniel, March James. The myopia of learning. Strategic Management J. (1993) 14:95–112Crossref, Google Scholar
• Lewin Arie, Carroll T., Long C. The co-evolution of new organizational forms. Organ. Sci. (1998) 10:535–550Link, Google Scholar
• Lewin Arie, Volderba Henk. Prolegomena on co-evolution: A framework for on research on strategy and new organizational forms. Organ. Sci. (1999) 10:519–534Link, Google Scholar
• Lincoln James, Kogut B. Comparison of Japanese and US organizational structures. Country Competitiveness: Technology and the Organizing of Work (1993) (Oxford University Press, New York) Google Scholar
• MacDuffie John Paul. Human resource bundles and manufacturing performance: Flexible production systems in the world auto industry. Indust. Labor Relations Rev. (1996) 97–221Google Scholar
• Mansfield Edward. Speed and cost of industrial innovation in Japan and United States. Management Sci. (1988) 34:1157–1168Link, Google Scholar
• March James. Exploration and exploitation in organizational learning. Organ. Sci. (1991) 2:71–87Link, Google Scholar
• March James, Simon Herbert. Organizations (1958) (Wiley, New York) Google Scholar
• McDonald Robert, Siegel Daniel. Option pricing when the underlying asset earns a below-equilibrium rate of return: A note. J. Finance. (1984) 39:261–265Crossref, Google Scholar
• McKelvey Bill. Avoiding complexity catastrophe in coevolutionary pockets: Strategies for rugged landscapes. Organ. Sci. (1999) 10:294–321Link, Google Scholar
• Merton Robert C. Option pricing when underlying stock returns are discontinuous. J. Financial Econom. (1976) 3:125–144Crossref, Google Scholar
• Midler Christopher. L'auto qui n'existe pas. Management des projets et transformation de l'enterprise (1993) (InterEditions, Paris, France) Google Scholar
• Milgrom Paul, Robert Johns. The economics of modern manufacturing: Technology, strategy, and organization. Amer. Econom. Rev. (1990) 80:511–528Google Scholar
• Minsky Marvin. The Society of Mind (1985) (Simon and Schuster, New York) Google Scholar
• Nelson Richard R., Winter Sidney G.An Evolutionary Theory of Economic Change (1982) (Harvard University Press, Cambridge, MA) Google Scholar
• Pfeffer Jeffrey. Competitive Advantage through People (1994) (Harvard Business School Press, Boston, MA) Crossref, Google Scholar
• Pfeffer Jeffrey, Salancik Gerald. The External Control of Organizations: A Resource Dependence Perspective (1978) (Harper and Row, New York) Google Scholar
• Pindyck Robert S. Irreversibility, uncertainty, and investment. J. Econom. Literature. (1991) 29(3):1110–1148Google Scholar
• Prigogine Ilya, Stengers Isabelle. Order Out of Chaos. Man's New Dialogue with Nature (1984) (Bantam Book, New York) Google Scholar
• Scherer F. M. Research and development resource allocation under rivalry. Quart. J. Econom. (1967) 81:359–394Crossref, Google Scholar
• Scott W. Richard. Institutions and Organizations (1995) (Sage, Thousand Oaks, CA) Google Scholar
• Selznick Philip. Leadership in Administration, A Sociological Interpretation (1957) (Row, Peterson, Evanston, IL) Google Scholar
• Simon Herbert. The Sciences of the Artificial (1969) (MIT Press, Cambridge, MA) Google Scholar
• Szulanski Gabriel. Unpacking stickiness: An empirical investigation of the barriers to transfer best practice inside the firm. Acad. Management Best Paper Proceedings (1995) 437–441Crossref, Google Scholar
• Teece David, Pisano Gary, Shuen Amy. Dynamic capabilities and strategic management. Strategic Management J. (1997) 18:509–534Crossref, Google Scholar
• Thompson James D.Organizations in Action: Social Science Bases of Administrative Theory (1967) (McGraw Hill, New York) Google Scholar
• Tuma Nancy Brandon, Hannan Michael T.Social Dynamics: Models and Methods (1984) (Academic Press, New York) Google Scholar
• Tushman Michael, Anderson Philip. Technological discontinuities and organizational environments. Admin. Sci. Quart. (1986) 31:439–465Crossref, Google Scholar
• Tushman Michael, O'Reilly Charles. Winning Through Innovation: A Practical Guide to Leading Organizational Change and Renewal (1997) (Harvard Business School Press, Boston, MA) Crossref, Google Scholar
• Winter Sidney, Teece D. Knowledge and competence as strategic assets. The Competitive Challenge—Strategies for Industrial Innovation and Renewal (1987) (Ballinger, Cambridge, MA) 159–184Google Scholar
• Zander Udo, Kogut Bruce. Knowledge and the speed of the transfer and imitation of organizational capabilities: An empirical test. Organ. Sci. (1995) 6:76–92Link, Google Scholar