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Organizational tension between static and dynamic efficiency, The

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Author Info
Ghemawat, Pankaj (IESE Business School)
Ricart, Joan E. () (IESE Business School)
Abstract

Efficiency has been defined in at least two different ways: in terms of the refinement of existing products, processes or capabilities (static efficiency) or the development of new ones (dynamic efficiency). This paper analyzes the organizational trade-off between these two forms of efficiency. It shows that there is a tendency towards extremes, and that the irreversibility of efficiency orientations tends to tip the balance to be struck between static and dynamic efficiency toward the latter. The paper also advances hypotheses about the industry, business and corporate factors that mediate between the choice of a particular efficiency orientation and organizational performance.

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Paper provided by IESE Business School in its series IESE Research Papers with number D/255.

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Length: 25 pages
Date of creation: 19 Oct 1993
Date of revision:
Handle: RePEc:ebg:iesewp:d-0255

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Postal: IESE Business School, Av Pearson 21, 08034 Barcelona, SPAIN
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Keywords: organizational trade-off; efficiency;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Jones, Robert A & Ostroy, Joseph M, 1984. "Flexibility and Uncertainty," Review of Economic Studies, Blackwell Publishing, vol. 51(1), pages 13-32, January. [Downloadable!] (restricted)
    Other versions:
  2. Michael C. Jensen & William H. Heckling, 1995. "Specific And General Knowledge, And Organizational Structure," Journal of Applied Corporate Finance, Morgan Stanley, vol. 8(2), pages 4-18. [Downloadable!] (restricted)
  3. Williams, J.R., 1992. "How Sustainable is your Competitive Advantage?," GSIA Working Papers 1992-03, Carnegie Mellon University, Tepper School of Business.
  4. George Stigler, 1934. "Production and Distribution in the Short Run," Journal of Political Economy, University of Chicago Press, vol. 47, pages 305. [Downloadable!] (restricted)
  5. Carlsson, Bo, 1989. "Flexibility and the theory of the firm," International Journal of Industrial Organization, Elsevier, vol. 7(2), pages 179-203, June. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Justin Tan & Yong Zeng, 2009. "A stage-dependent model of resource utilization, strategic flexibility, and implications for performance over time: Empirical evidence from a transitional environment," Asia Pacific Journal of Management, Springer, vol. 26(3), pages 563-588, September. [Downloadable!] (restricted)
  2. O'Reilly, Charles A., III & Tushman, Michael, 2007. "Ambidexterity as a Dynamic Capability: Resolving the Innovator's Dilemma," Research Papers 1963, Stanford University, Graduate School of Business. [Downloadable!]
  3. Paul Hallwood, 2009. "Learning and Profitability in a Theory of the Firm," Working papers 2009-21, University of Connecticut, Department of Economics. [Downloadable!]
  4. Blazevic,Vera & Lievens,Annouk, 2003. "Learning during the New Financial Service Innovation Process: Antecedents and Performance Effects," Research Memoranda 040, Maastricht : METEOR, Maastricht Research School of Economics of Technology and Organization. [Downloadable!]
  5. Ricart, Joan E. & Sieber, Sandra & Svejenova, Silviya, 1999. "Forms of organizing: What is new and why?," IESE Research Papers D/381, IESE Business School. [Downloadable!]
  6. Mom, T.J.M. & Bosch, F.A.J. van den & Volberda, H.W., 2006. "Investigating Managers' Exploration and Exploitation Activities: The Influence of Top-down, Bottom-up, and Horizontal Knowledge Inflows," Research Paper ERS-2006-078-STR Revision, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni. [Downloadable!]
    Other versions:
  7. Tom Elfring & Nicolai J. Foss, . "Corporate Renewal Through Internal Venturing and Spinn-offs: Perspectives from Organizational Economics," IVS/CBS Working Papers 97-7, Department of Industrial Economics and Strategy, Copenhagen Business School. [Downloadable!]
  8. Caldart, Adrian A. & Ricart, Joan E., 2006. "Corporate strategy in turbulent environments: Key roles of the corporate level," IESE Research Papers D/623, IESE Business School. [Downloadable!]
  9. Nicolai J. Foss & Mikael Iversne, . "Promoting Synergies in Multiproduct Firms: Toward a Resource-based View," IVS/CBS Working Papers 97-12, Department of Industrial Economics and Strategy, Copenhagen Business School. [Downloadable!]
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