The Role of Strategic Alliances in Complementing firm Capabilities

Abstract: Strategic alliance research emerged to explain alliance formation based upon transaction cost minimisationand opportunism reduction. Later research, and early research from Japan, emphasised the role of alliances in facilitatingthe transfer of knowledge between organisations. Most recently...

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Main Authors: Rice, J., Liao, T., Martin, N., Galvin, Peter
Format: Journal Article
Published: eContent Management Pty Ltd 2012
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/25225
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author Rice, J.
Liao, T.
Martin, N.
Galvin, Peter
author_facet Rice, J.
Liao, T.
Martin, N.
Galvin, Peter
author_sort Rice, J.
building Curtin Institutional Repository
collection Online Access
description Abstract: Strategic alliance research emerged to explain alliance formation based upon transaction cost minimisationand opportunism reduction. Later research, and early research from Japan, emphasised the role of alliances in facilitatingthe transfer of knowledge between organisations. Most recently, alliance research has focussed on the development of shared,potentially idiosyncratic, resource stocks. This paper builds on this recent research, testing the proposition that alliances areimportant vehicles allowing firms to access or acquire external resources, hence shoring up capability gaps and buildingnew capabilities as required during firm, product and industry life cycles. Using a sample from Australian manufacturingsmall-and-medium-sized enterprises, the paper reveals that alliances employed by firms can be viewed as initiatives toeither fill a gap in the firm’s resource stock or to exploit a perceived opportunity in its operational and strategic environment.
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institution Curtin University Malaysia
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publishDate 2012
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spelling curtin-20.500.11937-252252018-12-14T00:59:26Z The Role of Strategic Alliances in Complementing firm Capabilities Rice, J. Liao, T. Martin, N. Galvin, Peter knowledge search - efficiency seeking contingency resource based view risk aversion strategic alliances Abstract: Strategic alliance research emerged to explain alliance formation based upon transaction cost minimisationand opportunism reduction. Later research, and early research from Japan, emphasised the role of alliances in facilitatingthe transfer of knowledge between organisations. Most recently, alliance research has focussed on the development of shared,potentially idiosyncratic, resource stocks. This paper builds on this recent research, testing the proposition that alliances areimportant vehicles allowing firms to access or acquire external resources, hence shoring up capability gaps and buildingnew capabilities as required during firm, product and industry life cycles. Using a sample from Australian manufacturingsmall-and-medium-sized enterprises, the paper reveals that alliances employed by firms can be viewed as initiatives toeither fill a gap in the firm’s resource stock or to exploit a perceived opportunity in its operational and strategic environment. 2012 Journal Article http://hdl.handle.net/20.500.11937/25225 eContent Management Pty Ltd restricted
spellingShingle knowledge search
- efficiency seeking
contingency
resource based view
risk aversion
strategic alliances
Rice, J.
Liao, T.
Martin, N.
Galvin, Peter
The Role of Strategic Alliances in Complementing firm Capabilities
title The Role of Strategic Alliances in Complementing firm Capabilities
title_full The Role of Strategic Alliances in Complementing firm Capabilities
title_fullStr The Role of Strategic Alliances in Complementing firm Capabilities
title_full_unstemmed The Role of Strategic Alliances in Complementing firm Capabilities
title_short The Role of Strategic Alliances in Complementing firm Capabilities
title_sort role of strategic alliances in complementing firm capabilities
topic knowledge search
- efficiency seeking
contingency
resource based view
risk aversion
strategic alliances
url http://hdl.handle.net/20.500.11937/25225