Resource complementarity in business combinations: Extending the logic to organizational alliances

被引:305
作者
Harrison, JS [1 ]
Hitt, MA
Hoskisson, RE
Ireland, RD
机构
[1] Univ Cent Florida, Coll Business Adm, Orlando, FL 32816 USA
[2] Arizona State Univ, Coll Business Adm, Tempe, AZ 85287 USA
[3] Univ Oklahoma, Price Coll Business, Norman, OK 73019 USA
[4] Univ Richmond, Reynolds Grad Sch Business, Richmond, VA 23173 USA
关键词
D O I
10.1177/014920630102700605
中图分类号
F [经济];
学科分类号
02 ;
摘要
Organizations are combining resources through acquisitions and alliances in record numbers. Since publication of our original study in 1991, research has confirmed that resource complementarity creates the potential for greater synergy from acquisitions and alliances, leading to higher long-term firm perfonnance as an end result. The valuable, unique, and inimitable synergy that can be realized by integrating complementary resources provides an opportunity for the firm to create competitive advantages that can be sustained for a period of time. In addition, complementary resources present opportunities for enhanced learning as well as the development of new capabilities. However, we also suggest that the existence of complementary resources is a necessary but insufficient condition to achieve synergy. The resources must be effectively integrated and managed to realize the synergy. (C) 2001 Elsevier Science Inc. All rights reserved.
引用
收藏
页码:679 / 690
页数:12
相关论文
共 60 条
[1]  
[Anonymous], BLACKWELL HDB STRATE
[2]  
Ansoff H.Igor., 1965, CORPORATE STRATEGY A
[3]   International expansion through start-up or acquisition: A learning perspective [J].
Barkema, HG ;
Vermeulen, F .
ACADEMY OF MANAGEMENT JOURNAL, 1998, 41 (01) :7-26
[4]   FIRM RESOURCES AND SUSTAINED COMPETITIVE ADVANTAGE [J].
BARNEY, J .
JOURNAL OF MANAGEMENT, 1991, 17 (01) :99-120
[5]   Is the resource-based "view" a useful perspective for strategic management research? Yes [J].
Barney, JB .
ACADEMY OF MANAGEMENT REVIEW, 2001, 26 (01) :41-56
[6]   TRUSTWORTHINESS AS A SOURCE OF COMPETITIVE ADVANTAGE [J].
BARNEY, JB ;
HANSEN, MH .
STRATEGIC MANAGEMENT JOURNAL, 1994, 15 :175-190
[8]   Walking a tightrope: Creating value through interorganizational relationships [J].
Barringer, BR ;
Harrison, JS .
JOURNAL OF MANAGEMENT, 2000, 26 (03) :367-403
[10]  
Child J., 1998, STRATEGIES COOPERATI