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Dear all,

You are warmly invited to join us for a PDW exploring issues related to the origins of competitive advantage, and the possibility of 'making money' from resources. The session will take place next Saturday, between 10am and 12pm in room 206A of the Anaheim Convention Centre, and will feature panelists including Jay Barney, Rachel Croson, Alison Mackey, Joe Mahoney, and Rich Makadok.

Please write to FactorMarketPDW@yahoo.com for registration, so that we have an idea of expected attendees.

Best regards, and sorry for any cross-postings!

Ilgaz, Olivier, and Tunji.

Tunji Adegbesan, PhD

Assistant Professor of Strategy & Innovation

Lagos Business School, Pan-African University

Km 49, Lekki-Epe Expressway

Lagos, Nigeria

C: +234-803-3688885

T: +234-1-7740280 Ext. 1105

F: +234-1-4616173

E: tAdegbesan@lbs.edu.ng

Sponsor(s): (BPS, TIM)

Saturday, Aug 9 2008 10:00AM - 12:00PM at Anaheim Convention Center

in 206A

When and How Can Firms Make

Money From Resources? Revisiting

the Origins of Competitive Advantage I

Making Money from Resources

Organizer: Tunji Adegbesan; Lagos Business School, Pan-African U.;

Organizer: Olivier Chatain; Wharton School, U. of Pennsylvania;

Organizer: Ilgaz Arikan; Georgia State U.;

Presenter: Jay B Barney; The Ohio State University;

Presenter: Richard Makadok; Emory U.;

Presenter: Joseph Mahoney; U. of Illinois, Urbana-Champaign;

Presenter: Alison Mackey; California Polytechnic State U., San Luis Obispo;

Presenter: Rachel Croson; University of Texas at Dallas;

Central to the origins of competitive advantage is the question of how firms can acquire resources and capabilities at a cost inferior to their value-creating ability. This issue was raised just over 20 years ago by Jay Barney, who suggested that luck or superior foresight were necessary to profit from valuable resources and capabilities. Since then, although external linkages have become more important for understanding resource acquisition/access and accumulation/reconfiguration, our knowledge of how, when, and why firms might profit from such resources and capabilities has not developed as speedily.

Could we therefore say more about when and how firms can make money from resources and capabilities? Are luck and superior expectations the only mechanisms for profitably acquiring resources? Can firms strategize in factor markets? How do real firms behave in strategic factor markets? How do firms and entrepreneurs cope with or exploit expectational asymmetries? What settings and methods might be useful for testing and extending the theory? Can insights from research into entrepreneurial opportunity recognition, executive compensation and mobility, M&As, or other areas shed new light on these questions?

This two-part PDW seeks to revitalize interest in the origins of competitive advantage, while providing an opportunity for interested scholars to develop innovative new research projects in this area. The first interactive session will allow participants to meet and engage other scholars with interests in the area, while the second paper-development session will provide authors whose submissions are accepted, with high quality feedback on new research projects in this area. Please email the session chairs at FactorMarketPDW@yahoo.com to register for the session.