Firm Performance and the Axis of Errors

Thomas C. Powell and Jean-Luc Arregle ()
Additional contact information
Thomas C. Powell: Saïd Business School - University of Oxford
Jean-Luc Arregle: EDHEC - EDHEC Business School - UCL - Université catholique de Lille

Post-Print from HAL

Abstract: Firms sometimes foil to copture opportunities, foil to imitote perfectly-imitoble resources, ond do not solve their solvoble problems. The persistence of errors creotes intro-industry performance variation that is usually attributed to the competitive advantoges of successful firms. However, firms compete on two oxes: the axis of competitive advantage, where performance is driven by the inimitable resources and capabilities of high-performing firms; and the axis of errors, where performance is driven by failures to attend to the activities, resources and opportunities that are equally available to all firms. This paper investigotes the latter, showing how errors produce performance variation not attributable to competitive advantoges, ond discussing their consequences for strategy theory, empirical research and monagement practice.

Keywords: Competitive advantage; competitive disadvantage; organizational errors (search for similar items in EconPapers)
Date: 2007-08-01
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in Journal of Management Research, 2007, 7 (2), 59-77 p

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02312686

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().