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Normative barriers to imitation: social complexity of core competences in a mutual fund industry

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  • Stefan Jonsson
  • Patrick Regnér

Abstract

Imperfectly imitable resources are central in contemporary analysis of sustainable competitive advantage. While prior work has focused on limitations on the ability to imitate, we argue that it is only a third step in an imitation procedure that also involves the identification of what to imitate and the willingness to imitate. In this study we focus on this last step of unwillingness to imitate due to institutionalized professional norms on product appropriateness. Drawing on institutional theory, we test hypotheses and discuss the complex relationship between institutionalized norms, core competences, and systematic differences in the willingness to imitate. Copyright © 2008 John Wiley & Sons, Ltd.

Suggested Citation

  • Stefan Jonsson & Patrick Regnér, 2009. "Normative barriers to imitation: social complexity of core competences in a mutual fund industry," Strategic Management Journal, Wiley Blackwell, vol. 30(5), pages 517-536, May.
    • Handle: RePEc:bla:stratm:v:30:y:2009:i:5:p:517-536
    DOI: 10.1002/smj.739
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    Cited by:

    1. ZHU Chen & MOTOHASHI Kazuyuki, 2024. "The Fundraising of AI Startups: Evidence from web data," Discussion papers 24021, Research Institute of Economy, Trade and Industry (RIETI).
    2. Jie Wu & Kathryn Rudie Harrigan & Siah Hwee Ang & Zefu Wu, 2019. "The impact of imitation strategy and R&D resources on incremental and radical innovation: evidence from Chinese manufacturing firms," The Journal of Technology Transfer, Springer, vol. 44(1), pages 210-230, February.
    3. Grégoire Croidieu & Charles-Clemens Ruling & Bilal-Ahmed Jathol, 2017. "Complex field-positions and non-imitation: Pioneers, strangers, and insulars in Australian fine-wine," Grenoble Ecole de Management (Post-Print) hal-01609429, HAL.
    4. Scott R. Colwell & Ashwin W. Joshi, 2013. "Corporate Ecological Responsiveness: Antecedent Effects of Institutional Pressure and Top Management Commitment and Their Impact on Organizational Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 22(2), pages 73-91, February.
    5. Karim Ben Slimane & Bernard Leca, 2012. "Pour une approche par les ressources du travail institutionnel," Post-Print hal-02542229, HAL.
    6. Nikolaeva, Ralitza, 2014. "Interorganizational imitation heuristics arising from cognitive frames," Journal of Business Research, Elsevier, vol. 67(8), pages 1758-1765.
    7. Lee, Jong Min & Paik, Yongsun & Horak, Sven & Yang, Inju, 2022. "Turning a liability into an asset of foreignness: Managing informal networks in Korea," Business Horizons, Elsevier, vol. 65(3), pages 351-364.
    8. Yuliya Snihur & Christoph Zott & Raphael (Raffi) Amit, 2021. "Managing the Value Appropriation Dilemma in Business Model Innovation," Strategy Science, INFORMS, vol. 6(1), pages 22-38, March.
    9. Jaime Gómez & Raquel Orcos & Henk W. Volberda, 2021. "How imitation of multiple reference groups drives the evolution of firm strategy," Review of Managerial Science, Springer, vol. 15(8), pages 2319-2350, November.
    10. Grégoire Croidieu & Charles-Clemens Ruling & Bilal-Ahmed Jathol, 2017. "Complex field-positions and non-imitation: Pioneers, strangers, and insulars in Australian fine-wine," Post-Print hal-01609429, HAL.

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