ENVIRONMENTAL VOLATILITY A REASSESSMENT OF THE CONSTRUCT

ENVIRONMENTAL VOLATILITY A REASSESSMENT OF THE CONSTRUCT Environmental volatility is a central construct in strategy studies. This paper argues that three factors confound the literature on volatility asymmetry in conceptualization, asymmetry in operationalization, and lack of attention to level of analysis. These limitations inhibit the development of the concept and make much of the research on volatility nonadditive. However, environments do matter and to make better sense of it we need a metaconceptualization. To do this, the paper presents a processbased resourcesoriented view of volatility that argues that the volatility experienced by the firm is largely a function of the resources it has available to meet the demands made of it. It is proposed that volatility originates from four basic resource configurations managerialhuman resources configuration, physical resourcesconversion configuration, intangible resources configuration, and positional configuration. Propositions consistent with prior theories and incorporating the new resourcesoriented viewpoint are presented and discussed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The International Journal of Organizational Analysis Emerald Publishing

ENVIRONMENTAL VOLATILITY A REASSESSMENT OF THE CONSTRUCT

Loading next page...
 
/lp/emerald-publishing/environmental-volatility-a-reassessment-of-the-construct-T6XA1UkPmH
Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1055-3185
DOI
10.1108/eb028925
Publisher site
See Article on Publisher Site

Abstract

Environmental volatility is a central construct in strategy studies. This paper argues that three factors confound the literature on volatility asymmetry in conceptualization, asymmetry in operationalization, and lack of attention to level of analysis. These limitations inhibit the development of the concept and make much of the research on volatility nonadditive. However, environments do matter and to make better sense of it we need a metaconceptualization. To do this, the paper presents a processbased resourcesoriented view of volatility that argues that the volatility experienced by the firm is largely a function of the resources it has available to meet the demands made of it. It is proposed that volatility originates from four basic resource configurations managerialhuman resources configuration, physical resourcesconversion configuration, intangible resources configuration, and positional configuration. Propositions consistent with prior theories and incorporating the new resourcesoriented viewpoint are presented and discussed.

Journal

The International Journal of Organizational AnalysisEmerald Publishing

Published: Apr 1, 2000

There are no references for this article.

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create folders to
organize your research

Export folders, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off