AoM Annual Meeting 2008: Professional Development Workshop
WHEN AND HOW CAN FIRMS MAKE MONEY FROM RESOURCES? REVISITING THE ORIGINS OF COMPETITIVE ADVANTAGE
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 thus 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 successful authors with high quality feedback on new research projects. (Confirmed panelists for the general session include Jay Barney, Rachel Croson, Allison Mackey, Joe Mahoney, and Rich Makadok. To register, please send an email to FactorMarketPDW@yahoo.com.)
We are now soliciting submissions for the afternoon paper development session. The session will provide a wonderful opportunity to receive high-quality developmental feedback, for authors doing work in some way related to if, how, and when firms can make money from resources. Theoretical, empirical, and/or methodological contributions are welcome, and we encourage submissions from multiple perspectives and/or theoretical traditions. Since we also seek to stimulate new research, we will be happy to receive either full work-in-progress papers, or well-developed paper proposals. Nevertheless, in order to guarantee high-quality feedback, we will only be able to accept a limited number of submissions, and as such, paper (or proposal) quality and creativity are important.
The submission deadline is July 1st 2008, and successful authors will be notified by mid-July. Submissions should be sent by email to FactorMarketPDW@yahoo.com. Full paper submissions should be about 25 double-spaced pages all-inclusive, while proposal submissions should have at least 3 single-spaced pages of text.
You can find more background and details in the attached flyer.
We look forward to your submissions and participation!
Organizers:
Tunji Adegbesan (<st1:placename w:st="on">Lagos</st1:placename> <st1:placename w:st="on">Business</st1:placename> <st1:placetype w:st="on">School</st1:placetype>, <st1:place w:st="on"><st1:placename w:st="on">Pan-African</st1:placename> <st1:placetype w:st="on">University</st1:placetype></st1:place>)
Ilgaz Arikan (J. <st1:placename w:st="on">Mack</st1:placename> <st1:placename w:st="on">Robinson</st1:placename> <st1:placename w:st="on">College</st1:placename> of Business, <st1:place w:st="on"><st1:placename w:st="on">Georgia</st1:placename> <st1:placename w:st="on">State</st1:placename> <st1:placetype w:st="on">University</st1:placetype></st1:place>)
Olivier Chatain (The <st1:placename w:st="on">Wharton</st1:placename> <st1:placetype w:st="on">School</st1:placetype>, <st1:place w:st="on"><st1:placetype w:st="on">University</st1:placetype> of <st1:placename w:st="on">Pennsylvania</st1:placename></st1:place>)