Distinguished Professor of Management, Joe B. Foster Chair in Business Leadership, Mays Business School of Texas A&M University

His research actively incorporates and tests dimensions of the Resource Based View (RBV) of the firm, institutional theory and organizational learning theory

He is the author or co-author of over 200 journal articles and 26 books

Former editor of the Academy of Management Journal. He is currently the co-editor of the Strategic Entrepreneurship Journal

In 2001, he received the Irwin Outstanding Educator Award and the Distinguished Service Award from the Academy of Management

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Industry Institutions

The Resource Based View of the Firm

Distinctive Competencies (Hrebiniak & Snow, 1982; Hitt & Ireland, 1985, 1986)

Ricardian Economics (Ricardo, 1817)Penrosian Economics (Penrose, 1959)

Administrative Framework Coordinating Activities of Individuals and Groups

Bundle of Productive Resources

Wernerfelt (1984)

Rumelt (1984)

Barney (1986)

Seminal Base of the RBV

Barney (1991, 2001)

Barney (1991)

Capabilities that either help a firm to exploit opportunities to create value for customers or to neutralize threats in the environment

Capabilities that are possessed by few, if any, current or potential competitors

Capabilities that other firms cannot develop easily, usually due to unique historical conditions, causal ambiguity or social complexity

Capabilities that do not have strategic equivalents, such as firm-specific knowledge or trust-based relationships

Managing Resources

Some Resources Are More Flexible Resource Acquisition Is Critical for Inflexible Resources Managerial Bundling Actions with Flexible Resources

Are Critical to Competitive Success

Managing Resources (cont’d)

Dynamic Managerial Resources

Asset Orchestration

Asset Orchestration: Integrating Resource Investments with Resource Deployments (Strategy)

Firm Performance Suffers when Managers Resource Investment Decisions Vary from the Norms of Rivals

However, When the Resource Investments Support the Strategy Chosen, Deviation from Rivals Enhance Firm Performance

So, When Firms Enter New Markets, They Search for and Try to Achieve Legitimacy (Dowling & Pfeffer, 1975; Tolbert & Zucker, 1983)

One of the Most Profound Business Phenomena of the 20th Century Was the International Expansion of Business Activities (Sapienza, Autio, George & Zahra, 2006)

Arregle, Miller, Hitt and Beamish (2009)Found that Country and Region’s Institutional Environments Affect the Amount and Type of Foreign Direct Investments Made by Firms

Zhu, Hitt, Eden and Tihanyi (2009)Found that a Country’s Formal Institutions Affect the Performance of Cross-Border Acquisitions

Miller, Hitt, Webb, Batjargal and Tsui (2009)Found that a Country’s Formal Institutions Influence the Type of Social Networks Developed by Entrepreneurial Firms and the Extent to which they Achieve Growth

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