Examining Resource Redeployment in Multi-Business Firms

Abstract

This paper introduces the volume on Resource Redeployment and Corporate Strategy, which is devoted to exploring a relatively new justification for how multi-business firms create value having flexibility to internally redistribute non-financial resources across their businesses. We clarify how a theory around resource flexibility differs from other theories of how multi-business firms create value. We then synthesize the collection of papers in this volume and describe how they contribute to this line of inquiry. Finally, we offer our own views on opportunities for elaboration of this theory.

Keywords: inter-temporal economies of scope, resource redeployment, corporate strategy, multi-business firms, corporate advantage, corporate flexibility