Factor Market Rivalry: A General Theory of Supply Chain Management
Date
2022
Authors
Major Professor
Advisor
Committee Member
Journal Title
Journal ISSN
Volume Title
Publisher
Edward Elgar Publishing
Abstract
Factor market rivalry is a foundational framework of supply chain management that explains competition for supply side resources and inputs within supply chains. The basic premise of factor market rivalry is that intense battles may result for necessary factors of production or service delivery when multiple parties need those factors and the factors are constrained in some way. The framework, rooted in both the resource-based view of the firm as well as competitive dynamics, clarifies firm and supply chain action in the face of intense battles for scarce resources. While negative outcomes are possible from extreme factor market rivalry actions, there are also potential competitive advantages which result for firms and supply chains that secure access to constrained factors. The current book chapter reviews the theoretical framework of factor market rivalry, establishes the paradigm as a general theory of supply chain management, and provides future research suggestions to scholars.
Series Number
Journal Issue
Is Version Of
Versions
Series
Academic or Administrative Unit
Type
Book chapter
Comments
This is a draft chapter of Ralston, P.M., Schwieterman, M.A., and Bell, J.E. 2022. “Factor Market Rivalry: A General Theory of Supply Chain Management". The final version is available in Handbook of Theories for Purchasing, Supply Chain and Management Research edited by eds. Tate, W., Ellram, L.M., and Bals, L, published in 2022 by Edward Elgar Publishing Ltd. ISBN: 978 1 83910 449 7. The material cannot be used for any other purpose without further permission of the publisher, and is for private use only.