Surrendering control to gain advantage: Reconciling openness and the resource-based view of the firm

O Alexy, J West, Helge Klapper, M Reitzig

Research output: Contribution to journalArticleAcademicpeer-review

76 Citations (Scopus)

Abstract

Strategic openness—firms voluntary forfeiting of control over resources—seemingly challenges the premise of the resource-based view (RBV), which posits that firms should control valuable, rare, and inimitable (VRI) resources. We reconcile this apparent paradox by formalizing whether and when firms—consisting of resource bundles and deriving competitive advantage from exploiting selected VRI resources—may maximize profitability by opening parts of their resource base. As such, our article refines RBV-related thinking while supporting the theory's core tenets. Notably, we illustrate how a common-pool resource can become a source of competitive advantage and how firms may use openness to shape inter-firm competition.
Original languageEnglish
Pages (from-to)1704-1727
Number of pages24
JournalStrategic Management Journal
Volume39
Issue number6
DOIs
Publication statusPublished - 2 Nov 2017

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