Theory into practice : the resource value chain and the objective of the optimally configured firm
conference contribution
posted on 2017-12-06, 00:00 authored by A Zubac, G HubbardDrawing on resource-based theory, we develop a resource value chain framework. We then demonstrate how this framework can be used to solve the firm’s various strategic and resource configuration problems. Since it is assumed that managers must constantly consider which new resources their firm needs to acquire, and which of its resources it needs to reinvest in or divest, our resource value chain will be of most use when innovating, embarking upon a major internal change or transformation initiative, or when altering the firm’s boundaries through acquisition or devolution. It can also be used to explain why a firm may have adopted a particular mode of organisation, hierarchy or reward system, and if value has indeed accrued to the firm.
Funding
Category 1 - Australian Competitive Grants (this includes ARC, NHMRC)
History
Editor
Kennedy J; Di Milia VParent Title
Proceedings of the 20th ANZAM Conference [electronic resource] : Management : pragmatism, philosophy, prioritiesStart Page
1End Page
17Number of Pages
17Start Date
2006-01-01ISBN-10
1921047348Location
Yeppoon, Qld.Publisher
Australian and New Zealand Academy of ManagementPlace of Publication
Lindfield, NSWPeer Reviewed
- Yes
Open Access
- No
External Author Affiliations
Adelaide Graduate School of Business; International conference;Era Eligible
- No