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Dr. Michael
Hitt answers a few questions about this month's fast
breaking paper in field of Economics & Business.
From
•>>December
2001
Field: Economics & Business
Article Title: "Partner selection in emerging and developed market contexts: Resource-based and organizational learning perspectives"
Authors: Hitt, MA;Dacin, MT;Levitas, E;Arregle, JL;Borza, A
Journal: ACAD MANAGE J
Volume: 43
Page: 449-467
Year: JUN 2000
* Texas A&M Univ, College Stn, TX 77843 USA.
* Texas A&M Univ, College Stn, TX 77843 USA.
* Univ Wisconsin, Milwaukee, WI 53201 USA.
* Univ Babes Bolyai, Fac Econ Sci, R-3400 Cluj Napoca, Romania.
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 Why
do you think it's highly cited?
I suspect that the article has been cited for several reasons.
First, strategic alliances are a popular strategy yet many are not
successful. More knowledge of alliance partners could enhance the
success rate. Second, very little research has been conducted on
selecting alliance partners. But, selecting the right partner is
critical to the success of an alliance. Third, identifying and
differentiating the partner selection criteria used by partners from
different countries could be important for selecting future
partners.
Does
it describe a new discovery or new methodology that's useful to
others?
The research resulted in several discoveries. We found that firms
from emerging market countries and from developed countries alike
seek to learn from their partners. They seek partners with
complementary skills and a willingness to share their expertise.
Both firms must meet their goals for the alliance to succeed. So,
both partners must be concerned about their partners meeting their
own needs.
Is
it a condensation of previous literature on the subject?
The paper draws on previous research but there is little work on
alliance partner selection. It draws most heavily on the
resource-based view and organizational learning literatures. It
provides a unique integration of these theoretical approaches to
explain alliance partner selection.
Could
you summarize the significance of your paper in layman's terms?
The research shows that firms select alliance partners because of
their resources that are complementary to their own and because of
opportunities to learn. Intangible resources are important to both
partners. Careful partner selection is important, especially in
international strategic alliances, and can strongly affect the
success or failure of the alliance.
MICHAEL
HITT, is the Weatherup/Overby Chair in Executive Leadership at Arizona
State University. Currently, in addition to serving on the Board of
Strategic Management Society, he is coordinator of the Strategic
Management Society Book Series.
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ESI Special Topics,
December 2001
Citing URL - http://www.esi-topics.com/fbp/comments/december-01-Mike-Hitt.html
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