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

See all articles by G. Page West

G. Page West

Wake Forest University

Ian Taplin

Wake Forest University - Department of Sociology

Date Written: 2016

Abstract

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

West, G. Page and Taplin, Ian, Making Wine and Making Successful Wineries: Resource Development in New Ventures (2016). International Journal of Organizational Analysis, 24 (1), pp. 123-144.. Available at SSRN: https://ssrn.com/abstract=3067647

G. Page West (Contact Author)

Wake Forest University ( email )

School of Business
1834 Wake Forest Road
Winston-Salem, NC 27106
United States

Ian Taplin

Wake Forest University - Department of Sociology ( email )

P.O. Box 7808
Winston-Salem, NC 27109
United States

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