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Market Power

Capabilities

Williamson (1975; 1985),Jensen and Meckling (1976),Kogut (1991)

Saphiro (1986)Porter (1980; 1985)

Barney (1986; 1991); Teece (1997)

Transactions cost;Agency theory;Real options

Game theory: SCP models

Resource-baseDynamic capabilities

No Approach

Tabel 1 Pendekatan-Pendekatan Keunggulan Bersaing (Barney, 2008)

Key Authors Theory Managerial Prescription

Dont make mistakes!

If you have market power, use it and protect it wisely

Imitate what you can to gain competitive parity; Exploit your unique assets to gain advantage

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Competitive Advantage

Competitive Advantage

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Analytical systems (and individual capabilities) to learn and to

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and intangible assets

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Table 2 Dynamic Capabilities Framework (Teece, 2007)

Foundations Micro-foundations

Processes to direct internal R&D and select new technologies

Processes to tap supplier and complementor innovation

Processes to tap developments in exogenous science and

technology

Processes to identify target market segments, changing

customer needs and customer innovation

Delineating the customer solution and the business model

Selecting decision-making protocols

Selecting enterprise boundaries to manage complements and

control

Building loyalty and commitment

Decentralization and near decomposability

Governance

Cospecialization

Knowledge management

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