Surrendering control to gain advantage: Reconciling openness and the resource‐based view of the firm
Strategic Management Journal, pp. 1704-1727, 2018.
Research Summary Strategic openness—firms voluntary forfeiting of control over resources—seemingly challenges the premise of the resource‐based view (RBV), which posits that firms should control valuable, rare, and inimitable (VRI) resources. We reconcile this apparent paradox by formalizing whether and when firms—consisting of resource b...More
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