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Managerial Resources and Capabilities

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The Palgrave Encyclopedia of Strategic Management

Abstract

The concept of managerial resources and capabilities has helped to explain when management can constitute a valuable firm resource, how management can become such a resource and how management can affect competitive advantage. Managerial resources consist of human capital, social capital, and cognition of top management, other managers throughout an organization and boards of directors. Incentives are key to the deployment of managerial resources. Incentives to managers to create rents from their resources can come in such forms as salary, stock options and grants, and bonuses for superior performance.

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Author information

Authors and Affiliations

  1. Harvard Business School, 551 Green Street, Boston, MA, USA

    Andrea Hugill

  2. Dartmouth College, Dartmouth, NH, USA

    Constance E. Helfat

Authors
  1. Andrea Hugill
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  2. Constance E. Helfat
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Corresponding author

Correspondence to Andrea Hugill .

Editor information

Editors and Affiliations

  1. Stanford University , Stanford, California, USA

    Mie Augier

  2. Tusher Ctr Intellectual Capital, University of California Tusher Ctr Intellectual Capital, Berkeley, California, USA

    David J. Teece

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© 2016 The Author(s)

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Hugill, A., Helfat, C.E. (2016). Managerial Resources and Capabilities. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_604-1

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  • DOI: https://doi.org/10.1057/978-1-349-94848-2_604-1

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  • Publisher Name: Palgrave Macmillan, London

  • Online ISBN: 978-1-349-94848-2

  • eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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