Co-Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing

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dc.contributor.authorLevinthal, Daniel A
dc.contributor.authorMyatt, Jennifer
dc.date2023-05-17T14:48:16.000
dc.date.accessioned2023-05-22T23:54:32Z
dc.date.available2023-05-22T23:54:32Z
dc.date.issued1994
dc.date.submitted2016-06-27T11:08:50-07:00
dc.description.abstractThe resource view of the firm has made substantial progress in identifying what attributes of a firm may provide a source of competitive advantage; however, the literature has far less to say about the emergence of these distinctive capabilities. We develop a simple framework based on the role of positive feedback effects of market activity, organizational factors that cause a firm to focus on a particular capability trajectory, and lastly the role of managerial choice with respect to anticipated feedback effects, which we term feedforward effects. We apply this framework to the emergence of competitive positions in the mutual fund-processing business from its inception to 1984.
dc.identifier.urihttps://repository.upenn.edu/handle/20.500.14332/40412
dc.legacy.articleid1146
dc.legacy.fields10.1002/smj.4250150905
dc.legacy.fulltexturlhttps://repository.upenn.edu/cgi/viewcontent.cgi?article=1146&context=mgmt_papers&unstamped=1
dc.rightsThis is the peer reviewed version of the following article: Levinthal, D. and Myatt, J. (1994), Co-Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing. Strat. Mgmt. J., 15: 45–62., which has been published in final form at doi: http://onlinelibrary.wiley.com/doi/10.1002/smj.4250150905/abstract. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving http://olabout.wiley.com/WileyCDA/Section/id-820227.html#terms.
dc.source.beginpage45
dc.source.endpage62
dc.source.issue27
dc.source.issueS1
dc.source.journalManagement Papers
dc.source.journaltitleStrategic Management Journal
dc.source.peerreviewedtrue
dc.source.statuspublished
dc.source.volume15
dc.subject.otherorganizational capabilities
dc.subject.othermutual funds
dc.subject.otherBusiness Administration, Management, and Operations
dc.titleCo-Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing
dc.typeArticle
digcom.identifiermgmt_papers/27
digcom.identifier.contextkey8776577
digcom.identifier.submissionpathmgmt_papers/27
digcom.typearticle
dspace.entity.typePublication
upenn.schoolDepartmentCenterManagement Papers
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