Dynamics of resource erosion, the

Ingemar Dierickx; Karel Cool; Luís Almeida Costa

doi:10.1057/978-1-349-94848-2_474-1

Dynamics of resource erosion, the

Ingemar Dierickx, Karel Cool, Luís Almeida Costa

NOVA School of Business and Economics (NOVA SBE)

Research output: Chapter in Book/Report/Conference proceeding › Entry for encyclopedia/dictionary › peer-review

Abstract

This entry discusses patterns of resource erosion (alternatively called resource decay, leakage, depreciation). Taking a stocks-flows perspective, erosion is conceptualized as the loss of value per period (e.g., a year) of an asset stock (e.g., R&D capital, brand loyalty) as a consequence of a variety of mechanisms (e.g., R&D spillovers, customers leaving, expiration of a patent). The entry discusses two patterns of erosion, linear and exponential, and explores their strategic implications. It also discusses some unexpected outcomes that may result from the combined effect of common growth and decay patterns, as well as additional difficulties that stem from inference lags.

Original language	English
Title of host publication	The Palgrave Encyclopedia of Strategic Management
Editors	Mie Augier, David J. Teece
Publisher	Palgrave Macmillan
Pages	1-9
ISBN (Electronic)	978-1-349-94848-2
DOIs	https://doi.org/10.1057/978-1-349-94848-2_474-1
Publication status	Published - 2016

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Dynamics of resource erosion, the

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