The paradox of resource vulnerability: Considerations for organizational curatorship

Authors

  • Isabelle Le Breton-Miller,

    1. Department of Management, HEC Montreal, Montreal, Quebec, Canada
    2. Department of Management, University of Alberta, Edmonton, Alberta, Canada
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  • Danny Miller

    Corresponding author
    1. Department of Management, HEC Montreal, Montreal, Quebec, Canada
    2. Department of Management, University of Alberta, Edmonton, Alberta, Canada
    • Correspondence to: Danny Miller, HEC Montreal, 3000 Cote Ste. Catherine Rd., Montreal, QC, Canada H3T 2A7. E-mail: danny.miller@hec.ca

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Abstract

Resource-based scholars have focused on the properties of resources and the isolating mechanisms that sustain their rents in the face of competition. Unfortunately, they have devoted far less attention to the sources of vulnerability of many of these resources. We argue that, paradoxically, sources of rent such as isolating mechanisms often have a dark side that renders resources more vulnerable. We highlight three categories of challenges to managing resource vulnerability—protecting them from erosion, coping with their ambiguity, and preserving their required alignment—and identify sources of vulnerability within each. We address these via three primary functions of curatorship: preservation, connoisseurship, and orchestration, respectively. Copyright © 2013 John Wiley & Sons, Ltd.

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