Resource Redeployment and the Pursuit of the New Best Use: Economic Logic and Organizational Challenges

References

• Adner R, Puranam P, Zhu F (2019) What is different about digital strategy? From quantitative to qualitative change. Strategy Sci. 4(4):253–261.Link, Google Scholar
• Aggarwal V (2020) Resource congestion in alliance networks: How a firm’s partners’ partners influence the benefits of collaboration. Strategic Management J. 41(4):627–655.Crossref, Google Scholar
• Aggarwal V, Wu B (2015) Organizational constraints to adaptation: Intrafirm asymmetry in the locus of coordination. Organ. Sci. 26(1):218–238.Link, Google Scholar
• Ahuja G, Novelli E (2017) Redirecting research efforts on the diversification–performance linkage: The search for synergy. Acad. Management Ann. 11(1):342–390.Crossref, Google Scholar
• Albert D, Eklund J, Tang L (2024) New available data sources for investigating important strategic management questions. Working paper, Drexel University, Philadelphia.Google Scholar
• Almeida Costa A, Zemsky P (2021) The choice of value-based strategies under rivalry: Whether to enhance value creation or bargaining capabilities. Strategic Management J. 42(11):2020–2046.Crossref, Google Scholar
• Amit R, Schoemaker PJH (1993) Strategic assets and organizational rent. Strategic Management J. 14(1):33–46.Crossref, Google Scholar
• Anand J, Singh H (1997) Asset redeployment, acquisitions and corporate strategy in declining industries. Strategic Management J. 18(S1):99–118.Crossref, Google Scholar
• Anand J, Kim H, Lu S (2016) Resource characteristics and redeployment strategies: Toward a theoretical synthesis. Folta TB, Helfat CE, Karim S, eds. Resource Redeployment and Corporate Strategy. Advances in Strategic Management, vol. 35 (Emerald Group Publishing, Bingley, UK), 155–184.Crossref, Google Scholar
• Argote L, Ren Y (2012) Transactive memory systems: A microfoundation of dynamic capabilities. J. Management Stud. 49(8):1375–1382.Crossref, Google Scholar
• Argyres N, Zenger T (2012) Capabilities, transaction costs, and firm boundaries. Organ. Sci. 23(6):1643–1657.Link, Google Scholar
• Arrow K (1974) The Limits of Organization (W. W. Norton & Company, New York).Google Scholar
• Asmussen CG (2015) Strategic factor markets, scale free resources, and economic performance: The impact of product market rivalry. Strategic Management J. 36(12):1826–1844.Crossref, Google Scholar
• Bartlett CA, Ghoshal S (1989) Managing Across Borders: The Transnational Solution (Harvard Business School Press, Cambridge, MA).Google Scholar
• Belenzon S, Tsolmon U (2016) Market frictions and the competitive advantage of internal labor markets. Strategic Management J. 37(7):1280–1303.Crossref, Google Scholar
• Benner M, Ranganathan R (2012) Offsetting illegitimacy? How pressures from securities analysts influence incumbents in the face of new technologies. Acad. Management J. 55(1):213–233.Crossref, Google Scholar
• Benner M, Ranganathan R (2013) Divergent reactions to convergent strategies: Investor beliefs and analyst reactions during technological change. Organ. Sci. 24(2):378–394.Link, Google Scholar
• Benner M, Tripsas M (2011) The influence of prior industry affiliation on framing in nascent industries: The evolution of digital cameras. Strategic Management J. 33(3):277–302.Crossref, Google Scholar
• Benner M, Zenger T (2016) The lemons problem in markets for strategy. Strategy Sci. 1(3):71–128.Link, Google Scholar
• Bennett VM, Feldman ER (2017) Make room! Make room! A note on sequential spinoffs and acquisitions. Strategy Sci. 2(2):100–110.Link, Google Scholar
• Bettis RA (1981) Performance differences in related and unrelated diversified firms. Strategic Management J. 2(4):379–393.Crossref, Google Scholar
• Bettis RA (2017) Organizationally intractable decision problems and the intellectual virtues of heuristics. J. Management 43(8):2620–2637.Crossref, Google Scholar
• Bidwell M (2011) Paying more to get less: The effects of external hiring vs. internal mobility. Admin. Sci. Quart. 56(3):369–407.Crossref, Google Scholar
• Brahm F, Tarziján J (2016) Toward an integrated theory of the firm: The interplay between internal organization and vertical integration. Strategic Management J. 37(12):2481–2502.Crossref, Google Scholar
• Brandenburger A, Stuart H (1996) Value-based business strategy. J. Econom. Management Strategy 5(1):5–24.Crossref, Google Scholar
• Cabral J, Deng C, Kumar MVS (2020) Internal resource allocation and external alliance activity of diversified firms. J. Management Stud. 57(8):1690–1717.Crossref, Google Scholar
• Capron L, Mitchell W (2012) Build, Borrow, or Buy: Solving the Growth Dilemma (Harvard Business Review Press, Cambridge, MA).Google Scholar
• Chandler AD (1962) Strategy and Structure: Chapters in the History of American Enterprise (MIT Press, Boston).Google Scholar
• Chandler AD (1977) The Visible Hand: The Managerial Revolution in American Business (Harvard University Press, Cambridge, MA).Google Scholar
• Chandler AD (1990) Scale and Scope: The Dynamics of Industrial Capitalism (Harvard University Press, Cambridge, MA).Crossref, Google Scholar
• Chang SJ (1996) An evolutionary perspective on diversification and corporate restructuring: Entry, exit, and economic performance during 1981–1989. Strategic Management J. 17(8):587–611.Crossref, Google Scholar
• Chang SJ, Matsumoto Y (2022) Dynamic resource redeployment in global semiconductor firms. Strategic Management J. 43(2):237–265.Crossref, Google Scholar
• Chang SJ, Kim YC, Park S (2023) Inter-unit executive redeployment in multi-unit firms: Evidence from Korean business groups. Organ. Sci., ePub ahead of print May 22, https://doi.org/10.2187/orsc.20.14525.Crossref, Google Scholar
• Chatain O (2011) Value creation, competition, and performance in buyer-supplier relationships. Strategic Management J. 32(1):76–102.Crossref, Google Scholar
• Chatain O, Zemsky P (2007) The horizontal scope of the firm: Organizational tradeoffs vs. buyer-supplier relationships. Management Sci. 53(4):550–565.Link, Google Scholar
• Chauvin J, Poliquin C (2024) Supply-side inducements and resource redeployment in multiunit firms. Strategic Management J. 45(5):939–967.Google Scholar
• Chauvin J, Inoue C, Poliquin C (2024) Resource redeployment as an entry advantage in resource-poor settings. Strategic Management J. Forthcoming.Google Scholar
• Chauvin J, Poliquin C, Folta T (2023) How centralization affects resource redeployment in Brazilian manufacturing. Working paper, Georgetown University, Washington, DC.Google Scholar
• Chen M, Kaul A, Wu B (2019) Adaptation on multiple landscapes: Relatedness, complexity, and inter-temporal coordination costs. Strategic Management J. 40(11):1791–1821.Crossref, Google Scholar
• Christensen C (1997) The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail (Harvard Business School Press, Cambridge, MA).Google Scholar
• Cooper R, Kaplan RS (1992) Activity-based systems: Measuring the costs of resource usage. Accounting Horizons 6(3):1–13.Google Scholar
• Corredoira R, Rosenkopf L (2010) Should auld acquaintance be forgot? The reverse transfer of knowledge through mobility ties. Strategic Management J. 31(2):159–181.Crossref, Google Scholar
• Cozzolino A, Verona G (2022) Responding to complementary-asset discontinuities: A multilevel adaptation framework of resources, demand, and ecosystems. Organ. Sci. 33(5):1990–2017.Link, Google Scholar
• Dantzig G, Thapa M (1997) Linear Programming, 1: Introduction (Springer, New York).Google Scholar
• Devarakonda S, Goossen M, Mulotte L (2023) Resource characteristics and the locus of resource control: An opportunity cost perspective. Working paper, Tilburg University, Netherlands.Google Scholar
• Dickler T, Folta T (2020) Identifying internal markets for resource redeployment. Strategic Management J. 41(13):2341–2371.Crossref, Google Scholar
• Ethiraj SK (2007) Allocation of inventive effort in complex product systems. Strategic Management J. 28(6):563–584.Crossref, Google Scholar
• Ethiraj S, Garg P (2012) The division of gains from complementarities in human-capital-intensive activity. Organ. Sci. 23(3):725–742.Link, Google Scholar
• Feldman E (2020) Corporate strategy: Past, present, and future. Strategic Management Rev. 1(1):179–206.Crossref, Google Scholar
• Folta TB (2021) Resource redeployment. Griffin RW, ed. Oxford Bibliographies in Management (Oxford University Press, New York).Google Scholar
• Folta TB, Helfat CE, Karim S (2016) Examining resource redeployment in multi–business firms. Folta TB, Helfat CE, Karim S, eds. Resource Redeployment and Corporate Strategy. Advances in Strategic Management, vol. 35 (Emerald Group Publishing, Bingley, UK), 1–17.Crossref, Google Scholar
• Ganco M, Ziedonis RH, Agarwal R (2015) More stars stay, but the brightest ones still leave: Job hopping in the shadow of patent enforcement. Strategic Management J. 36(5):659–685.Crossref, Google Scholar
• Garg P, Zhao M (2018) Knowledge sourcing by multidivisional firms. Strategic Management J. 39(13):3326–3354.Crossref, Google Scholar
• Gavetti G, Levinthal DA (2004) The strategy field from the perspective of Management Science: Divergent strands and possible integration. Management Sci. 50(10):1309–1318.Link, Google Scholar
• Ghemawat P (2002) Competition and business strategy in historical perspective. Bus. Hist. Rev. 76(1):37–74.Crossref, Google Scholar
• Ghemawat P (2007) Redefining Global Strategy: Crossing Borders in a World Where Differences Still Matter (Harvard Business School Press, Cambridge, MA).Google Scholar
• Giarratana M, Santaló J (2020) Transaction costs in resource redeployment for multiniche firms. Organ. Sci. 31(5):1159–1175.Link, Google Scholar
• Giarratana M, Pasquini M, Santaló J (2021) Leveraging synergies vs. resource redeployment: Sales growth and variance in product portfolios of diversified firms. Strategic Management J. 42(12):2245–2272.Crossref, Google Scholar
• Gilbert C (2005) Unbundling the structure of inertia: Resource vs. routine rigidity. Acad. Management J. 48(5):741–763.Crossref, Google Scholar
• Giustiziero G, Kretschmer T, Somaya D, Wu B (2023) Hyperspecialization and hyperscaling: A resource-based theory of the digital firm. Strategic Management J. 44(6):1391–1424.Crossref, Google Scholar
• Graebner ME, Heimeriks KH, Huy QN, Vaara E (2017) The process of postmerger integration: A review and agenda for future research. Acad. Management Ann. 11(1):1–32.Crossref, Google Scholar
• Grossman SJ, Hart OD (1986) The costs and benefits of ownership: A theory of vertical and lateral integration. J. Political Econom. 94(4):691–719.Crossref, Google Scholar
• Groysberg D, Lee L-E, Nanda A (2008) Can they take it with them? The portability of star knowledge workers’ performance. Management Sci. 54(7):1213–1230.Link, Google Scholar
• Hannah DP, Bremner RP, Eisenhardt KM (2016) Resource redeployment in business ecosystems. Folta TB, Helfat CE, Karim S, eds. Resource Redeployment and Corporate Strategy. Advances in Strategic Management, vol. 35 (Emerald Group Publishing, Bingley, UK), 19–48.Crossref, Google Scholar
• Helfat C (1997) Know-how and asset complementarity and dynamic capability accumulation: The case of R&D. Strategic Management J. 18(5):339–360.Crossref, Google Scholar
• Helfat CE, Eisenhardt KM (2004) Inter-temporal economies of scope, organizational modularity, and the dynamics of diversification. Strategic Management J. 25(13):1217–1232.Crossref, Google Scholar
• Helfat CE, Peteraf MA (2003) The dynamic resource-based view: Capability lifecycles. Strategic Management J. 24(10):997–1010.Crossref, Google Scholar
• Joseph J, Gaba V (2020) Organizational structure, information processing, and decision-making: A retrospective and road map for research. Acad. Management Ann. 14(1):267–302.Crossref, Google Scholar
• Joseph J, Ocasio W (2012) Architecture, attention, and adaptation in the multibusiness firm: General Electric from 1951 to 2001. Strategic Management J. 33(6S):633–660.Crossref, Google Scholar
• Joseph J, Wilson AJ (2018) The growth of the firm: An attention-based view. Strategic Management J. 39(6S):1779–1800.Crossref, Google Scholar
• Kaplan S (2008) Framing contests: Strategy making under uncertainty. Organ. Sci. 19(5):729–752.Link, Google Scholar
• Kaplan RS, Norton DP (1992) The balanced scorecard: Measures that drive performance. Harvard Bus. Rev. 70(1):71–79.Google Scholar
• Karim S (2006) Modularity in organizational structure: The reconfiguration of internally developed and acquired business units. Strategic Management J. 27(9):799–823.Crossref, Google Scholar
• Karim S, Capron L (2016) Reconfiguration: Adding, redeploying, recombining, and divesting resources and business units. Strategic Management J. 37(13):E54–E62.Crossref, Google Scholar
• Karim S, Kaul A (2015) Structural recombination and innovation: Unlocking intraorganizational knowledge synergy through structural change. Organ. Sci. 26(2):439–455.Link, Google Scholar
• Kaul A (2012) Technology and corporate scope: Firm and rival innovation as antecedents of corporate transactions. Strategic Management J. 33(4):347–367.Crossref, Google Scholar
• Kaul A, Wu B (2016) A capabilities-based perspective on target selection in acquisitions. Strategic Management J. 37(7):1220–1239.Crossref, Google Scholar
• Kaul A, Ganco M, Raffiee J (2024) When subjective judgments lead to spinouts: Employee entrepreneurship under uncertainty, firm-specificity, and appropriability. Acad. Management Rev., ePub ahead of print February 23, https://doi.org/10.5465/amr.2020.0113.Crossref, Google Scholar
• Keum DD (2023) Managerial political power and the reallocation of resources in the internal capital market. Strategic Management J. 44(2):369–414.Crossref, Google Scholar
• Kim K, Guler I, Karim S (2023) Who gets redeployed? Inventor characteristics and resource redeployment decisions. Acad. Management J., ePub ahead of print July 24, https://doi.org/10.5465/AMPROC.2023.13713abstract.Google Scholar
• Klein B, Crawford RG, Alchian AA (1978) Vertical integration, appropriable rents, and the competitive contracting process. J. Law Econom. 21(2):297–326.Crossref, Google Scholar
• Lazear E, Rosen S (1981) Rank-order tournaments as optimum labor contracts. J. Political Econom. 89(5):841–864.Crossref, Google Scholar
• Lee GK (2008) Relevance of organizational capabilities and its dynamics: What to learn from entrants’ product portfolios about the determinants of entry timing. Strategic Management J. 29(12):1257–1280.Crossref, Google Scholar
• Lee GK, Paruchuri S (2016) Resource redeployment through exit and entry: Threats of substitution as inducements. Folta TB, Helfat CE, Karim S, eds. Resource Redeployment and Corporate Strategy. Advances in Strategic Management, vol. 35 (Emerald Group Publishing, Bingley, UK).Crossref, Google Scholar
• Levinthal DA (1997) Adaptation on rugged landscapes. Management Sci. 43(7):934–950.Link, Google Scholar
• Levinthal DA (2021) Evolutionary Processes and Organizational Adaptation: A Mendelian Perspective on Strategic Management (Oxford University Press, Oxford, UK).Crossref, Google Scholar
• Levinthal DA, Wu B (2010) Opportunity costs and non-scale-free capabilities: Profit maximization, corporate scope, and profit margins. Strategic Management J. 31(7):780–801.Crossref, Google Scholar
• Lieberman M (1990) Exit from declining industries: “Shakeout” or “stakeout”? RAND J. Econom. 21(4):538–554.Crossref, Google Scholar
• Lieberman M, Lee GK, Folta T (2017) Entry, exit, and the potential for resource redeployment. Strategic Management J. 38(3):526–544.Crossref, Google Scholar
• Lo D, Brahm F, Dessein W, Minami C (2022) Managing with style? Microevidence on the allocation of managerial attention. Management Sci. 68(11):8261–8285.Link, Google Scholar
• MacDonald G, Ryall M (2004) How do value creation and competition determine whether a firm appropriates value? Management Sci. 50(10):1319–1333.Link, Google Scholar
• Mahoney JT, Qian L (2013) Market frictions as building blocks of an organizational economics approach to strategic management. Strategic Management J. 34(9):1019–1041.Crossref, Google Scholar
• Maritan CA (2001) Capital investment as investing in organizational capabilities: An empirically grounded process model. Acad. Management J. 44(3):513–531.Crossref, Google Scholar
• Maritan CA, Lee GK (2017) Resource allocation and strategy. J. Management 43(8):2411–2420.Crossref, Google Scholar
• McGrath PJ, Singh H (2016) Resource reconfiguration and transactions across firm boundaries: The roles of firm capabilities and market factors. Folta TB, Helfat CE, Karim S, eds. Resource Redeployment and Corporate Strategy. Advances in Strategic Management, vol. 35 (Emerald Group Publishing, Bingley, UK), 217–251.Crossref, Google Scholar
• Meyer M, Milgrom P, Roberts J (1992) Organizational prospects, influence costs, and ownership changes. J. Econom. Management Strategy 1(1):9–35.Crossref, Google Scholar
• Miller DJ, Yang H (2016) Product turnover: Simultaneous product market entry and exit. Folta TB, Helfat CE, Karim S, eds. Resource Redeployment and Corporate Strategy. Advances in Strategic Management, vol. 35 (Emerald Group Publishing, Bingley, UK), 49–87.Crossref, Google Scholar
• Mintzberg H, Waters JA (1985) Of strategies, deliberate and emergent. Strategic Management J. 6(3):257–272.Crossref, Google Scholar
• Montgomery CA, Wernerfelt B (1988) Diversification, Ricardian rents, and Tobin’s q. RAND J. Econom. 19(4):623–632.Crossref, Google Scholar
• Morandi Stagni R, Santaló J, Giarratana MS (2020) Product-market competition and resource redeployment in multi-business firms. Strategic Management J. 41(10):1799–1836.Crossref, Google Scholar
• Nadler D, Tushman M (1997) Competing by Design: The Power of Organizational Architecture (Oxford University Press, Oxford, UK).Crossref, Google Scholar
• Natividad N, Rawley E (2016) Interdependence and performance: A natural experiment in firm scope. Strategy Sci. 1(1):12–31.Link, Google Scholar
• Neffke F, Henning M (2013) Skill relatedness and firm diversification. Strategic Management J. 34(3):297–316.Crossref, Google Scholar
• Nelson R, Winter S (1982) An Evolutionary Theory of Economic Change (Belknap Press, Cambridge, MA).Google Scholar
• Ocasio W (1997) Toward an attention-based view of the firm. Strategic Management J. 18(S1):187–206.Crossref, Google Scholar
• Ocasio W, Laamanen T, Vaara E (2018) Communication and attention dynamics: An attention-based view of strategic change. Strategic Management J. 39(1):155–167.Crossref, Google Scholar
• Parker-Lue S, Lieberman M (2020) The impact of diversification on task performance: Evidence from kidney transplant centers. Strategic Management J. 41(7):1169–1190.Crossref, Google Scholar
• Paruchuri S, Nerkar A, Hambrick DC (2006) Acquisition integration and productivity losses in the technical core: Disruption of inventors in acquired companies. Organ. Sci. 17(5):545–562.Link, Google Scholar
• Penrose E (1959) The Theory of the Growth of the Firm (Blackwell Publishers, Oxford, UK).Google Scholar
• Peteraf MA (1993) The cornerstones of competitive advantage: A resource-based view. Strategic Management J. 14(3):179–191.Crossref, Google Scholar
• Podolny JM (2001) Networks as the pipes and prisms of the market. Amer. J. Sociol. 107(1):33–60.Crossref, Google Scholar
• Prahalad CK, Hamel G (1990) The core competence of the corporation. Harvard Bus. Rev. 68(3):79–93.Google Scholar
• Puranam P (2018) The Microstructure of Organizations (Oxford University Press, Oxford, UK).Crossref, Google Scholar
• Puranam P, Vanneste B (2016) Corporate Strategy: Tools for Analysis and Decision-Making (Cambridge University Press, Cambridge, UK).Crossref, Google Scholar
• Puranam P, Singh H, Zollo M (2006) Organizing for innovation: Managing the coordination-autonomy dilemma in technology acquisitions. Acad. Management J. 49(2):263–280.Crossref, Google Scholar
• Raveendran M (2020) Seeds of change: How current structure shapes the type and timing of reorganizations. Strategic Management J. 41(1):27–54.Crossref, Google Scholar
• Rawley E (2010) Diversification, coordination costs, and organizational rigidity: Evidence from microdata. Strategic Management J. 31(8):873–891.Google Scholar
• Rumelt RP (1974) Strategy, Structure, and Economic Performance (Harvard University Press, Cambridge, MA).Google Scholar
• Sabel CA, Sasson A (2023) Different people, different pathways: Human capital redeployment in multi-business firms. Strategic Management J. 44(13):3185–3216.Crossref, Google Scholar
• Sakhartov A (2017) Economies of scope, resource relatedness, and the dynamics of corporate diversification. Strategic Management J. 38(11):2168–2188.Crossref, Google Scholar
• Sakhartov A, Folta T (2014) Resource relatedness, redeployability, and firm value. Strategic Management J. 35(12):1781–1797.Crossref, Google Scholar
• Sakhartov A, Folta T (2015) Getting beyond relatedness as a driver of corporate value. Strategic Management J. 36(13):1939–1959.Crossref, Google Scholar
• Sakhartov A, Li T, Reuer J, Hawk A (2023) Resource redeployment and its determinants: Empirical evidence from the oil-drilling industry. Working paper, University of Illinois, Illinois.Google Scholar
• Samuelson P, Nordhaus W (2010) Economics (McGraw-Hill/Irwin, New York).Google Scholar
• Sengul M, Gimeno J (2013) Constrained delegation: Limiting subsidiaries’ decision rights and resources in firms that compete across multiple industries. Admin. Sci. Quart. 58(3):420–471.Crossref, Google Scholar
• Siggelkow N, Levinthal DA (2003) Temporarily divide to conquer: Centralized, decentralized, and reintegrated organizational approaches to exploration and adaptation. Organ. Sci. 14(6):650–669.Link, Google Scholar
• Silverman B (1999) Technological resources and the direction of corporate diversification: Toward an integration of the resource-based view and transaction cost economics. Management Sci. 45(8):1109–1124.Link, Google Scholar
• Simon H (1962) The architecture of complexity. Proc. Amer. Philos. Soc. 106(6):467–482.Google Scholar
• Sirmon D, Hitt M, Ireland R, Gilbert BA (2011) Resource orchestration to create competitive advantage: Breadth, depth, and life cycle effects. J. Management 37(5):1390–1412.Crossref, Google Scholar
• Sohl T, Folta T (2021) Market exit and the potential for resource redeployment: Evidence from the global retail sector. Strategic Management J. 42(12):2273–2293.Crossref, Google Scholar
• Tandon V, Nandkumar A, Mogra R, Srikanth K (2023) Balancing allocative and dynamic efficiency with redundant R&D allocation: The role of centralization and relative influence. Working paper, Temple University, Philadelphia.Google Scholar
• Teece DJ (1982) Toward an economic theory of the multiproduct firm. J. Econom. Behav. Organ. 3(1):39–63.Crossref, Google Scholar
• Teece DJ (1986) Profiting from technological innovation: Implications for integration, collaboration, licensing, and public policy. Res. Policy 15(6):285–305.Crossref, Google Scholar
• Thompson J (1967) Organizations in Action (McGraw-Hill, New York).Google Scholar
• Tripsas M, Gavetti G (2000) Capabilities, cognition, and inertia: Evidence from digital imaging. Strategic Management J. 21(10–11):1147–1161.Crossref, Google Scholar
• Vaswani A, Shazeer N, Parmar N, Uszkareit J, Jones L, Gomez AN, Kaiser Ł, Polosukhin I (2017) Attention is all you need. von Luxburg U, Guyon I, eds. 31st Conf. Neural Inform. Processing Systems (NIPS 2017) (Curran Associates, Red Hook, NY), 6000–6010.Google Scholar
• Wan Z, Wu B (2017) When suppliers climb the value chain: A theory of value distribution in vertical relationships. Management Sci. 63(2):477–496.Link, Google Scholar
• Wernerfelt B (1984) A resource-based view of the firm. Strategic Management J. 5(2):171–180.Crossref, Google Scholar
• Williamson OE (1975) Markets and Hierarchies: Analysis and Antitrust Implications (The Free Press, New York).Google Scholar
• Williamson OE (1985) The Economic Institutions of Capitalism: Firms, Markets, Relational Contracting (The Free Press, New York).Google Scholar
• Winter S (1987) Knowledge and competence as strategic assets. Teece DJ, ed. The Competitive Challenge: Strategies for Industrial Innovation and Renewal (Ballinger Publishing, Pensacola, FL), 159–184.Google Scholar
• Winter S (2003) Understanding dynamic capabilities. Strategic Management J. 24(10S):991–995.Crossref, Google Scholar
• Wu B (2013) Opportunity costs, industry dynamics, and corporate diversification: Evidence from the cardiovascular medical device industry, 1976–2004. Strategic Management J. 34(11):1265–1287.Crossref, Google Scholar
• Wu B, Wan Z, Levinthal D (2014) Complementary assets as pipes and prisms: Innovation incentives and trajectory choices. Strategic Management J. 35(9):1257–1278.Crossref, Google Scholar
• Zhou YM (2011) Synergy, coordination costs, and diversification choices. Strategic Management J. 32(6):624–639.Crossref, Google Scholar
• Zhou YM (2013) Designing for complexity: Using divisions and hierarchy to manage complex tasks. Organ. Sci. 24(2):339–355.Link, Google Scholar
• Zhou YM, Yang W, Ethiraj S (2023) The dynamics of related diversification: Evidence from the health insurance industry following the Affordable Care Act. Strategic Management J. 44(7):1753–1779.Crossref, Google Scholar