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The Price for Market Embeddedness is Declining Adaptive Capability: Model, Measurement, and Illustration

Liu, Min; Pólos, László; Hannan, Michael T.

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Authors

László Pólos

Michael T. Hannan



Abstract

This paper deals with a central challenge in organization and management research: to predict the evolution of an organization's adaptive capability. We address both theoretical and methodological gaps in existing research. First, focusing on the largely overlooked external constraints on adaptive capability, we model how ties between an organization and its market audiences curtail adaptive capability as market tenure increases. Second, we address the methodological weakness of conceptualizing the content of organizational change in prior research with a novel approach. Our distance‐based approach sees adaptation as change in an organization's position in a cognitive market space. With position defined, one can measure the speed of movement in that space. An analysis of the UK motorcycle market serves as an empirical illustration for our theoretical prediction and proposed measure.

Citation

Liu, M., Pólos, L., & Hannan, M. T. (2021). The Price for Market Embeddedness is Declining Adaptive Capability: Model, Measurement, and Illustration. British Journal of Management, 32(3), 892-910. https://doi.org/10.1111/1467-8551.12435

Journal Article Type Article
Acceptance Date Aug 27, 2020
Online Publication Date Oct 13, 2020
Publication Date Jul 4, 2021
Deposit Date Sep 1, 2020
Publicly Available Date Mar 29, 2024
Journal British Journal of Management
Print ISSN 1045-3172
Electronic ISSN 1467-8551
Publisher Wiley
Peer Reviewed Peer Reviewed
Volume 32
Issue 3
Pages 892-910
DOI https://doi.org/10.1111/1467-8551.12435
Public URL https://durham-repository.worktribe.com/output/1262978

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Published Journal Article (Advance online version) (1.1 Mb)
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Publisher Licence URL
http://creativecommons.org/licenses/by/4.0/

Copyright Statement
Advance online version © 2020 The Authors. British Journal of Management published by John Wiley & Sons Ltd on behalf of British Academy of Management. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited




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