Title

Second-order competences and Schumpeterian rents

Authors

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