Handling resource deficiencies through resource interaction in business networks

Abstract

This paper conceptualizes how to handle resource deficiencies due to disruption and turbulence in supply chains from an Industrial Marketing and Purchasing (IMP) perspective. A conceptual framework explores how three resource deficiencies, resource scarcity, resource quality, and lack of availability, impacts upon, and is mitigated via, resource interaction. There is a need for reconfiguring resources to cope with both temporary and permanent disruptions in handling resource deficiencies in complex, turbulent contexts. The three deficiencies can occur within a business network both separately and in combination. The paper outlines a dynamic capabilities perspective on resource deficiencies in business networks by linking resource interaction and capabilities. The reality of resource deficiencies requires a sense of urgency; they are disruptive and most likely unplanned. This challenges mainstream IMP understanding about the dynamics of resource development.

Handling resource deficiencies through resource interaction in business networks