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Fast Breaking Comments

By Dr. Michael Hitt

ESI Special Topics, December 2001
Citing URL - http://www.esi-topics.com/fbp/comments/
december-01-Mike-Hitt.html

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.

Dr. Michael HittST:  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.

ST:  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.

ST:  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.

ST:  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.End

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.

ESI Special Topics, December 2001
Citing URL - http://www.esi-topics.com/fbp/comments/
december-01-Mike-Hitt.html

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