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An Integrated Approach to Development of Dynamic Capabilities and Investments in Strategic Factor Markets

Koparan, Ipek
http://rave.ohiolink.edu/etdc/view?acc_num=kent1585823070940956

Abstract Details

2020, PHD, Kent State University, College of Business and Entrepreneurship, Ambassador Crawford / Department of Management and Information Systems.
Organizations develop and deploy dynamic capabilities to adapt to changing business conditions. Dynamic capabilities help organizations effectively upgrade and update their internal resource bundles. They cannot be readily acquired from the market, but resources that define the composition and orchestration of such capabilities have been or are to be acquired from strategic factor markets (SFMs). In this dissertation, I strive to conceptually understand the coupling between dynamic capabilities and SFM activities (pricing and valuation). I specifically further our understanding of SFM activities, especially pricing capabilities that are foundational to successful development and deployment of dynamic capabilities. I investigate factors that help companies develop pricing capabilities so that they make more accurate and timely pricing decisions in SFMs. I specifically focus on unique-resource pricing instances. Under uniqueness, decision-making agents may not be able to utilize probabilistic valuation models to calculate the value of a unique resource and use these valuation estimates to price it. Rather, absent prior observations, economic agents rely on their opinions and employ simplified heuristic rules. I examine three mechanisms underlying unique-resource pricing decisions in SFMs: similarity, order of pricing experience accumulation, and wealth available to acquire resources. These mechanisms can operate as heuristic rules during resource pricing decisions and help companies develop pricing capabilities. I conduct an experiment with student subjects who price unique resources in a second-price, sealed-bid auction setting. The results of the experiment are consistent with my hypotheses and further demonstrate the relevance and order of prior pricing experiences and wealth effects. I find that people can develop pricing capabilities that increase the accuracy and speed of decisions during resource acquisition in SFMs. This dissertation contributes to the scholarly discussion of dynamic capabilities and SFMs by investigating how pricing capabilities in SFMs can be developed so firms effectively adapt to dynamic business ecosystems and contribute to their performance in product market strategies.
Ilgaz Arikan (Committee Co-Chair)
Asli Arikan (Committee Co-Chair)
Robert Hisrich (Committee Member)
129 p.
Business Administration
dynamic capabilities; strategic factor markets; unique-resource pricing instances; uncertainty; heuristics; cognitive categorization; order effect; wealth effect

Recommended Citations

Citations

  • Koparan, I. (2020). An Integrated Approach to Development of Dynamic Capabilities and Investments in Strategic Factor Markets [Doctoral dissertation, Kent State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=kent1585823070940956

    APA Style (7th edition)

  • Koparan, Ipek. An Integrated Approach to Development of Dynamic Capabilities and Investments in Strategic Factor Markets. 2020. Kent State University, Doctoral dissertation. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=kent1585823070940956.

    MLA Style (8th edition)

  • Koparan, Ipek. "An Integrated Approach to Development of Dynamic Capabilities and Investments in Strategic Factor Markets." Doctoral dissertation, Kent State University, 2020. http://rave.ohiolink.edu/etdc/view?acc_num=kent1585823070940956

    Chicago Manual of Style (17th edition)

kent1585823070940956
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© 2020, some rights reserved.Creative Commons License An Integrated Approach to Development of Dynamic Capabilities and Investments in Strategic Factor Markets by Ipek Koparan is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Based on a work at etd.ohiolink.edu.
This open access ETD is published by Kent State University and OhioLINK.