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Organizational Design and the Acquisition of Rent-Producing Resources

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  • Michael Lenox

Abstract

Within the resource-based view of the firm, a dynamic story has emerged in which the knowledge accumulated over the history of a firm and embedded in organizational routines and structures influences the firmÕs ability to recognize the value of new resources and capabilities. This paper explores the possibility of firms to select organizational designs that increase the likelihood that they will recognize and value rent-producing resources and capabilities. A computational model is developed to study the tension between an organizationÕs desire to explore its environment for new capabilities and the organizationÕs need to exploit existing capabilities.

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  • Michael Lenox, 1998. "Organizational Design and the Acquisition of Rent-Producing Resources," Research in Economics 98-06-051e, Santa Fe Institute.
    • Handle: RePEc:wop:safire:98-06-051e
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