{"id":"https://openalex.org/W2163752447","doi":"https://doi.org/10.1111/j.1467-6486.2007.00719.x","title":"A Modern Resource Based Approach to Unrelated Diversification","display_name":"A Modern Resource Based Approach to Unrelated Diversification","publication_year":2007,"publication_date":"2007-07-03","ids":{"openalex":"https://openalex.org/W2163752447","doi":"https://doi.org/10.1111/j.1467-6486.2007.00719.x","mag":"2163752447"},"language":"en","primary_location":{"id":"doi:10.1111/j.1467-6486.2007.00719.x","doi":"https://doi.org/10.1111/j.1467-6486.2007.00719.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-6486.2007.00719.x","pdf_url":null,"source":{"id":"https://openalex.org/S151705444","display_name":"Journal of Management Studies","issn_l":"0022-2380","issn":["0022-2380","1467-6486"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","ki-jl-1","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5048322194","display_name":"Desmond Ng","orcid":"https://orcid.org/0000-0003-4558-951X","observed_orcids":["https://orcid.org/0000-0003-4558-951X"]},"institutions":[{"id":"https://openalex.org/I91045830","display_name":"Texas A&M University","ror":"https://ror.org/01f5ytq51","country_code":"US","type":"education","lineage":["https://openalex.org/I91045830"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Desmond W. Ng","raw_affiliation_strings":["Texas A&M University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Texas A&M University","institution_ids":["https://openalex.org/I91045830"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5048322194"],"corresponding_institution_ids":["https://openalex.org/I91045830"],"apc_list":{"value":4150,"currency":"USD","value_usd":4150},"apc_paid":null,"fwci":8.519,"has_fulltext":false,"cited_by_count":108,"citation_normalized_percentile":{"value":0.97152774,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"44","issue":"8","first_page":"1481","last_page":"1502"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10003","display_name":"Innovation and Knowledge Management","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10003","display_name":"Innovation and Knowledge Management","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13151","display_name":"Business Strategies and Innovation","score":0.0008999999845400453,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10415","display_name":"International Business and FDI","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/unrelated-diversification","display_name":"unrelated diversification","score":1.0},{"id":"https://openalex.org/keywords/resource-based-view","display_name":"resource-based view","score":0.8510000109672546},{"id":"https://openalex.org/keywords/penrose","display_name":"Penrose","score":0.8289999961853027},{"id":"https://openalex.org/keywords/dynamic-capabilities","display_name":"dynamic capabilities","score":0.9940000176429749},{"id":"https://openalex.org/keywords/absorptive-capacity","display_name":"absorptive capacity","score":1.0},{"id":"https://openalex.org/keywords/weak-ties","display_name":"weak ties","score":0.9990000128746033},{"id":"https://openalex.org/keywords/market-failure","display_name":"market failure","score":0.8569999933242798},{"id":"https://openalex.org/keywords/incomplete-markets","display_name":"incomplete markets","score":0.9810000061988831},{"id":"https://openalex.org/keywords/business-strategy","display_name":"business strategy","score":0.335999995470047}],"concepts":[{"id":"https://openalex.org/C180916674","wikidata":"https://www.wikidata.org/wiki/Q3711935","display_name":"Diversification (marketing strategy)","level":2,"score":0.9364382028579712},{"id":"https://openalex.org/C206345919","wikidata":"https://www.wikidata.org/wiki/Q20380951","display_name":"Resource (disambiguation)","level":2,"score":0.5635536313056946},{"id":"https://openalex.org/C2777724570","wikidata":"https://www.wikidata.org/wiki/Q4669907","display_name":"Absorptive capacity","level":2,"score":0.5453540682792664},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.49580106139183044},{"id":"https://openalex.org/C2780504989","wikidata":"https://www.wikidata.org/wiki/Q2742037","display_name":"Dynamic capabilities","level":2,"score":0.48736268281936646},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.48715803027153015},{"id":"https://openalex.org/C2779669084","wikidata":"https://www.wikidata.org/wiki/Q382097","display_name":"Resource-based view","level":3,"score":0.42587828636169434},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3686354160308838},{"id":"https://openalex.org/C26271046","wikidata":"https://www.wikidata.org/wiki/Q187097","display_name":"Economic geography","level":1,"score":0.3663581609725952},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.23858746886253357},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.22993788123130798},{"id":"https://openalex.org/C58546491","wikidata":"https://www.wikidata.org/wiki/Q1150207","display_name":"Competitive advantage","level":2,"score":0.2082597315311432},{"id":"https://openalex.org/C31258907","wikidata":"https://www.wikidata.org/wiki/Q1301371","display_name":"Computer network","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/j.1467-6486.2007.00719.x","doi":"https://doi.org/10.1111/j.1467-6486.2007.00719.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1467-6486.2007.00719.x","pdf_url":null,"source":{"id":"https://openalex.org/S151705444","display_name":"Journal of Management Studies","issn_l":"0022-2380","issn":["0022-2380","1467-6486"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-1","ft50","jufo-3","ki-jl-1","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management Studies","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bla:jomstd:v:44:y:2007:i:8:p:1481-1502","doi":null,"is_oa":false,"landing_page_url":"http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-6486.2007.00719.x","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":80,"referenced_works":["https://openalex.org/W410637448","https://openalex.org/W1530796175","https://openalex.org/W1572028428","https://openalex.org/W1584875895","https://openalex.org/W1587867038","https://openalex.org/W1599377282","https://openalex.org/W1639702230","https://openalex.org/W1650431508","https://openalex.org/W1964101150","https://openalex.org/W1973903830","https://openalex.org/W1974998909","https://openalex.org/W1982415566","https://openalex.org/W1987235421","https://openalex.org/W1990333450","https://openalex.org/W1990640445","https://openalex.org/W1996724804","https://openalex.org/W1997843489","https://openalex.org/W2001014246","https://openalex.org/W2016569561","https://openalex.org/W2018474480","https://openalex.org/W2024210667","https://openalex.org/W2028436159","https://openalex.org/W2030747846","https://openalex.org/W2031737038","https://openalex.org/W2036522199","https://openalex.org/W2038900672","https://openalex.org/W2041588623","https://openalex.org/W2043248641","https://openalex.org/W2043575409","https://openalex.org/W2045418110","https://openalex.org/W2048055926","https://openalex.org/W2049324641","https://openalex.org/W2060827592","https://openalex.org/W2062128567","https://openalex.org/W2062649295","https://openalex.org/W2064544701","https://openalex.org/W2067675606","https://openalex.org/W2070678618","https://openalex.org/W2080838723","https://openalex.org/W2082810951","https://openalex.org/W2087327873","https://openalex.org/W2089402107","https://openalex.org/W2091773503","https://openalex.org/W2092715343","https://openalex.org/W2093093999","https://openalex.org/W2098861776","https://openalex.org/W2104845895","https://openalex.org/W2108795964","https://openalex.org/W2111368681","https://openalex.org/W2112870230","https://openalex.org/W2117083060","https://openalex.org/W2119652992","https://openalex.org/W2123709218","https://openalex.org/W2141226948","https://openalex.org/W2144696435","https://openalex.org/W2145692369","https://openalex.org/W2149062464","https://openalex.org/W2149241253","https://openalex.org/W2149408458","https://openalex.org/W2154127636","https://openalex.org/W2155888027","https://openalex.org/W2160860931","https://openalex.org/W2171160038","https://openalex.org/W2172141271","https://openalex.org/W2642534790","https://openalex.org/W3023311111","https://openalex.org/W3122151187","https://openalex.org/W3122729233","https://openalex.org/W3124311322","https://openalex.org/W3124950409","https://openalex.org/W3125062060","https://openalex.org/W3125202188","https://openalex.org/W3125318459","https://openalex.org/W3125549700","https://openalex.org/W3126664970","https://openalex.org/W4234482624","https://openalex.org/W4235870913","https://openalex.org/W4236746813","https://openalex.org/W4256264638","https://openalex.org/W4285719527"],"related_works":["https://openalex.org/W2171260518","https://openalex.org/W2062649295","https://openalex.org/W3125156333","https://openalex.org/W2468175480","https://openalex.org/W2083071459","https://openalex.org/W2789943878","https://openalex.org/W4231889037","https://openalex.org/W5732335","https://openalex.org/W2059161743","https://openalex.org/W2063775554"],"abstract_inverted_index":{"abstract":[0],"For":[1],"over":[2],"three":[3,80,146],"decades,":[4],"the":[5,21,79,145],"questions":[6],"of":[7,23,28,39,65,68,78,92,104],"how":[8],"and":[9,16,73,121,150],"why":[10],"an":[11,59,109],"organization":[12,110],"diversifies":[13],"into":[14],"related":[15],"unrelated":[17,29,40,54,133],"businesses":[18],"have":[19,31],"drawn":[20],"attention":[22],"strategy":[24],"scholars.":[25],"However,":[26],"explanations":[27],"diversification":[30,41,55,134],"been":[32],"less":[33],"than":[34,115],"clear.":[35],"A":[36,101],"conceptual":[37],"model":[38,106],"is":[42,56,82,107],"thus":[43],"proposed.":[44],"In":[45],"drawing":[46],"on":[47],"Penrose's":[48],"(1959":[49,119],")":[50,120],"resource":[51,86],"based":[52],"approach,":[53],"explained":[57],"by":[58,98,117],"organization's":[60],"\u2018three":[61],"pillars\u2019,":[62],"which":[63],"consist":[64],"its":[66,148],"strength":[67],"dynamic":[69],"capabilities,":[70],"absorptive":[71],"capacity,":[72],"weak":[74],"ties.":[75],"The":[76],"role":[77],"pillars":[81],"to":[83,143],"discover":[84],"new":[85],"applications":[87],"or":[88],"uses":[89],"in":[90],"conditions":[91],"market":[93],"failure":[94],"that":[95,108],"are":[96,152],"characterized":[97],"\u2018incomplete\u2019":[99],"markets.":[100],"novel":[102],"feature":[103],"this":[105],"can":[111,135],"diversify":[112],"more":[113],"broadly":[114],"predicted":[116],"Penrose":[118],"other":[122],"modern":[123],"resource\u2010based":[124],"approaches":[125],"(":[126],"Teece":[127],"et":[128],"al.,":[129],"1997":[130],").":[131],"Furthermore,":[132],"be":[136],"beneficial.":[137],"This":[138],"study":[139],"also":[140],"offers":[141],"suggestions":[142],"measure":[144],"pillars;":[147],"contributions":[149],"implications":[151],"discussed":[153],"as":[154],"well.":[155]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":7},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":8},{"year":2021,"cited_by_count":7},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":6},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":5},{"year":2016,"cited_by_count":12},{"year":2015,"cited_by_count":8},{"year":2014,"cited_by_count":7},{"year":2013,"cited_by_count":6},{"year":2012,"cited_by_count":4}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}