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Published in: Journal of the Academy of Marketing Science 1/2008

01-03-2008 | Conceptual/Theoretical Paper

The service-dominant logic and a hierarchy of operant resources: developing masterful operant resources and implications for marketing strategy

Authors: Sreedhar Madhavaram, Shelby D. Hunt

Published in: Journal of the Academy of Marketing Science | Issue 1/2008

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Abstract

Marketing’s evolution toward a new dominant logic requires the focus of marketing to be on the intangible, dynamic, operant resources that are at the heart of competitive advantage and performance. First, building on resource-advantage theory’s notion of basic resources and higher-order resources, this article proposes a hierarchy of basic, composite, and interconnected operant resources. Second, reviewing research on business strategy and marketing strategy, several resources that correspond to the proposed hierarchy are identified and discussed. Third, the notion of developing masterful operant resources is introduced. Fourth, based on the proposed hierarchy and the notion of masterful operant resources, some exemplars of potential research avenues for marketing strategy are provided. Finally, the article concludes with the discussion of implications for marketing practitioners, researchers, and educators. In sum, this article extends and elaborates the concept of operant resources in the service-dominant logic of marketing.

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Metadata
Title
The service-dominant logic and a hierarchy of operant resources: developing masterful operant resources and implications for marketing strategy
Authors
Sreedhar Madhavaram
Shelby D. Hunt
Publication date
01-03-2008
Publisher
Springer US
Published in
Journal of the Academy of Marketing Science / Issue 1/2008
Print ISSN: 0092-0703
Electronic ISSN: 1552-7824
DOI
https://doi.org/10.1007/s11747-007-0063-z

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