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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - On strategic trade-offs
T2 - Does the principle of energy conservation explain the trade-off law?
AU - Thurer, Matthias
AU - Stevenson, Mark
AU - Sarmiento, Robert
AU - Gianiodis, Peter
N1 - This article is (c) Emerald Group Publishing and permission has been granted for this version to appear here. Emerald does not grant permission for this article to be further copied/distributed or hosted elsewhere without the express permission from Emerald Group Publishing Limited.
PY - 2017/11
Y1 - 2017/11
N2 - PurposeThe purpose of this paper is to reaffirm the suggestion that there are at least two distinct types of trade-off law that affect all firms; and in doing so, to contribute towards resolving the persistent trade-off debate in the literature.Design/methodology/approachConceptual; based on implicit deductive reasoning.FindingsTwo types of trade-offs are identified: one (‘internal’) can be understood following the dictates of the law of diminishing returns, while the other (‘external’) can be modeled utilizing the principle of energy conservation.Research limitations/implicationsNew insights are provided by discussing the impact of both trade-off laws on the resource-based view of the firm, on new capabilities such as sustainability and innovativeness, and on key strategic choices.Practical implicationsOur study explains why trade-offs occur and outlines contextual factors that determine the ‘strength’ of trade-offs.Originality/valueTo the best of our knowledge, no previous study has attempted to investigate the topic of strategic trade-offs based on the principle of energy conservation.
AB - PurposeThe purpose of this paper is to reaffirm the suggestion that there are at least two distinct types of trade-off law that affect all firms; and in doing so, to contribute towards resolving the persistent trade-off debate in the literature.Design/methodology/approachConceptual; based on implicit deductive reasoning.FindingsTwo types of trade-offs are identified: one (‘internal’) can be understood following the dictates of the law of diminishing returns, while the other (‘external’) can be modeled utilizing the principle of energy conservation.Research limitations/implicationsNew insights are provided by discussing the impact of both trade-off laws on the resource-based view of the firm, on new capabilities such as sustainability and innovativeness, and on key strategic choices.Practical implicationsOur study explains why trade-offs occur and outlines contextual factors that determine the ‘strength’ of trade-offs.Originality/valueTo the best of our knowledge, no previous study has attempted to investigate the topic of strategic trade-offs based on the principle of energy conservation.
KW - Strategic trade-offs
KW - cumulative capabilities
KW - external trade-offs
KW - internal trade-offs
KW - performance frontiers.
U2 - 10.1108/MRR-09-2016-0214
DO - 10.1108/MRR-09-2016-0214
M3 - Journal article
VL - 40
SP - 1163
EP - 1174
JO - Management Research Review
JF - Management Research Review
SN - 2040-8269
IS - 11
ER -