When Are Assets Complementary ? Star Scientists , Strategic Alliances , and Innovation in the Pharmaceutical Industry

  title={When Are Assets Complementary ? Star Scientists , Strategic Alliances , and Innovation in the Pharmaceutical Industry},
  author={Andrew M. Hess and Frank T. Rothaermel},
To answer the question of when are assets complementary, we investigate specific resource combinations along the value chain, focusing on two mechanisms that are central to combining resources for innovation in the pharmaceutical industry: recruitment and retention of star scientists, and 2) engagement in strategic alliances. We propose that resource combinations that focus on the same parts of the value chain are substitutes due to knowledge redundancies. Conversely, we hypothesize that… CONTINUE READING

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