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| Tekijä: | McWilliams, A. Fleet, D. D. Van Cory, K. D. |
| Otsikko: | Raising Rivals' Costs Through Political Strategy: An Extension of Resource-Based Theory |
| Lehti: | Human Systems Management
2002 : VOL. 39:5, p. 707-124 |
| Asiasana: | POLITICS STRATEGY THEORIES COMPETITION COMPETITIVE ADVANTAGE |
| Kieli: | eng |
| Tiivistelmä: | In this paper, the authors extend the resource-based theory of the firm to show that it can be used to analyze the effectiveness of competitive strategies. Specifically, the authors demonstrate that political strategies aimed at raising rivals' costs by blocking the use of substitute resources may create the opportunity for a firm to capitalize on resources that are valuable, rare, and costly to imitate. The uses of political activity to block the availability of substitute resources are discussed in detail and examples are provided to demonstrate how such strategies are used and to illustrate how successful they may be. This is an important extension of the resource- based theory because it demonstrates how the theory can be applied by researchers and practitioners. |
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