Making Wine and Making Successful Wineries: Resource Development in New Ventures
International Journal of Organizational Analysis, 24 (1), pp. 123-144.
38 Pages Posted: 15 Nov 2017
Date Written: 2016
Most research on new organizations drawing on resource-based theory examines firms in discrete development stages with resources that already exist. The purpose of this paper is to articulate a broader view of changing resource requirements over the life of new organizations. The authors propose four phases of resources development, arguing that new resources and capabilities must develop as new strategic challenges emerge. The paper identifies salient resources in these phases and finds that internal resource development is context dependent, interacting with the external stage of industry development.
Keywords: Business strategy, Resource based advantage, New ventures, Wine industry
JEL Classification: M13, L26, L66
Suggested Citation: Suggested Citation