This paper provides a conceptual model that explains how organizational knowledge, capabilities, and products co-evolve over long time spans, and how this can result in competitive advantage through innovation and strategic linkage of products at a point in time and over time. At the heart of...

This article introduces the concept of the capability lifecycle (CLC), which articulates general patterns and paths in the evolution of organizational capabilities over time. The capability lifecycle provides a structure for a more comprehensive approach to dynamic resource-based theory. The...

Tournaments are widely used in the economy to organize production and innovation. We study individual data on 2,775 contestants in 755 software algorithm development contests with random assignment. The performance response to added contestants varies non-monotonically across contestants of...

Examining resource redeployment in multi-business firms -- Resource redeployment in business ecosystems -- Product turnover: simultaneous product market entry and exit -- Resource redeployment through exit and entry: threats of substitution as inducements -- Incumbent responses to an entrant...

Front Cover -- Resource Redeployment and Corporate Strategy -- Copyright Page -- Contents -- List of Contributors -- Examining Resource Redeployment in Multi-Business Firms -- Introduction -- Multi-Business Firms Are Alive and Well -- Corporate Flexibility through Resource Redeployment --...

Evolutionary economics sees the economy as always in motion with change being driven largely by continuing innovation. This approach to economics, heavily influenced by the work of Joseph Schumpeter, saw a revival as an alternative way of thinking about economic advancement as a result of...