Firm behavior and the strategic action of acquiring external resources in the biopharmaceuticals industry: a multi-level conceptual framework
Rompas, Sotiris Konstantinos and Paroutis, Sotirios (2009) Firm behavior and the strategic action of acquiring external resources in the biopharmaceuticals industry: a multi-level conceptual framework. In: Strategic Management Society (SMS) 29th Annual International Conference, Washington DC, US, 11-14th Oct, 2009. Published in: Proceedings of the Strategic Management Society (SMS) 29th Annual International Conference (Session 149).Full text not available from this repository.
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External resource acquisition (ERA), the strategic action to acquire critical resources, has been a core activity for firm survival. We challenge the resource-based rationale of most current ERA studies that firms’ strategic actions are solely directed by their resource endowments- and propose instead that it is top managers’ interpretations of their competitive environment driving firms to engage in ERA. We draw upon the upper echelons perspective to unpack the processes through which top managers take external resource acquisition decisions when faced with resource-related actions by their competitors. Using insights from the biopharmaceutical industry, we suggest that ERA behavior is more complex than previously assumed and develop a multi-level conceptual framework that provides firm- and TMT-level explanations of ERA patterns among competing firms.
|Item Type:||Conference Item (Paper)|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management|
|Divisions:||Faculty of Social Sciences > Warwick Business School > Marketing & Strategic Management
Faculty of Social Sciences > Warwick Business School
|Journal or Publication Title:||Proceedings of the Strategic Management Society (SMS) 29th Annual International Conference|
|Publisher:||Strategic Management Society|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Restricted or Subscription Access|
|Conference Paper Type:||Paper|
|Title of Event:||Strategic Management Society (SMS) 29th Annual International Conference|
|Type of Event:||Conference|
|Location of Event:||Washington DC, US|
|Date(s) of Event:||11-14th Oct, 2009|
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