Co-evolution of capabilities and industry : the evolution of mutual fund processing

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<title>Co-evolution of capabilities and industry</title>
<subTitle>: the evolution of mutual fund processing</subTitle>
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<title>Strategic management journal</title>
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<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080198411">
<namePart>Levinthal, Daniel</namePart>
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<name type="personal" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080142186">
<namePart>Myatt, Jennifer</namePart>
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<abstract displayLabel="Summary">The resource view of the firm has made substantial progress in identifying what attributes of a firm may provide a source of competitive advantage; however, the literature has far less to say about the emergence of these distinctive capabilities. The authors develop a simple framework based on the role of positive feedback effects of market activity, organizational factors that cause a firm to focus on a particular capability trajectory, and lastly the role of managerial choice with respect to anticipated feedback effects, which they term feedforward effects. They apply this framework to the emergence of competitive positions in the mutual fund-processing business from its inception to 1984</abstract>
<note type="statement of responsibility">Daniel Levinthal and Jennifer Myatt</note>
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<topic>Mercados financieros</topic>
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<topic>Productos financieros</topic>
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<topic>Fondos de inversión</topic>
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<topic>Management</topic>
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<topic>Ventaja competitiva</topic>
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<topic>Competitividad</topic>
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<topic>Organización</topic>
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<text>Vol. 15, Winter 1994 ; p. 45-62</text>
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