haku: @indexterm cognition / yhteensä: 155
viite: 9 / 155
| Tekijä: | Kunc, M.H. Morecroft, J.D.W. |
| Otsikko: | Managerial decision making and firm performance under a resource-based paradigm |
| Lehti: | Strategic Management Journal
2010 : NOV, VOL. 31:11, p. 1164-1182 |
| Asiasana: | management decision making cognition company performance simulation resources |
| Vapaa asiasana: | resource-based view capabilities |
| Kieli: | eng |
| Tiivistelmä: | A framework is introduced connecting managerial (hereafter as: mgrl.) decision making (henceforth as: d-m.) to resource (herein as: rsc/s.) building and firm performance. Taking a behavioural view of decision making, it distinguishes two separate d-m. processes: 1. there is the creative conceptualization of new rsc/s. configurations intended to deliver competitive advantage and 2. there is the development of rsc/s. needed to implement strategy. Heterogeneity (as: htgy.) in the rsc/s. of competitive firms is argued to begin from the interplay of these two processes: i. conceptualization and ii. development of rsc/s. Htgy. brings about performance differences that can be explained ex-ante from characteristics of mgrl. d-m. processes. The approach is demonstrated in a simulated d-m. environment which represents a very competitive and dynamically complex industry. Results from repeated simulation experiments performed with executive and MBA students show great differences in performance among firms, even with identical rsc/s. starting positions. It is explained how these differences come from path dependent accumulation of rsc/s. and variety in the way competitors conceptualize rsc/s. |
SCIMA