The arguably dominant contemporary approach to the analysis of sustained competitive advantage is the resource-based view. Taking Barney (1991) and Peteraf (1993) as representative summary statements of the view, we argue that much resource-based research rests on partial, implicit and...

Infusing coordination mechanisms that are characteristic of market organization in hierarchies has become a much-used way of simultaneously increasing entrepreneurialism and motivation in firms. However, such "internal hybrids" are inherently problematic, because of fundamental credibility...