Second-order competences and Schumpeterian rents

    Authors

    E. Danneels

    Comments

    Authors: contact us about adding a copy of your work at STARS@ucf.edu

    Abbreviated Journal Title

    Strateg. Entrep. J.

    Keywords

    dynamic capabilities; second-order competences; exploration; Schumpeterian rents; competitive turbulence; RESOURCE-BASED VIEW; COMPETITIVE ADVANTAGE; STRATEGIC MANAGEMENT; DYNAMIC CAPABILITIES; FIRM PERFORMANCE; CORPORATE DIVERSIFICATION; PRODUCT INNOVATION; ENVIRONMENTS; LIFE; ACCUMULATION; Business; Management

    Abstract

    Second-order competences, a type of dynamic capability, enable firms to engage in a process of Schumpeterian competition. This study examines the effects of marketing and R&D second-order competences (the abilities to create new market-related and technological resources) on firm profitability. Based on multiple informant surveys and archival data from U.S. public manufacturing firms, competitive turbulence is found to present contrasting contingencies for the effects of these competences on return on assets (ROA). The effect of marketing competence on ROA was positive under stable and moderate competitive conditions, whereas the effect of R&D competence on ROA was positive under volatile competitive conditions. Copyright (c) 2012 Strategic Management Society.

    Journal Title

    Strategic Entrepreneurship Journal

    Volume

    6

    Issue/Number

    1

    Publication Date

    1-1-2012

    Document Type

    Article

    Language

    English

    First Page

    42

    Last Page

    58

    WOS Identifier

    WOS:000300504700003

    ISSN

    1932-4391

    Share

    COinS