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Institutions as resource context
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DOI：10.1108/JSTP-09-2014-0190.png)
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Abstract
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Purpose - The purpose of this paper is to examine the role of institutions and institutional complexity in the process through which resources-in-context get their resourceness. Design/methodology/approach - To shed light on the process of potential resources gaining their resourceness, the authors draw from two streams of literature: the service ecosystems perspective and institutional theory. Findings - The authors combine the process of resources becoming with the concept of institutions and conceptualize institutional arrangements, and the unique sets of practices, symbols and organizing principles they carry, as the sense-making frames of the resourceness of potential resources. In service ecosystems, numerous partially conflicting institutional arrangements co-exit and provide actors with alternative frames of sense-making and action, enabling the emergence of new instances of resourceness. Research limitations/implications - The paper suggests that resourceness is inseparable from the complex institutional context in which it arises. This conceptualization reveals the need for more holistic, systemic and multidisciplinary perspectives on understanding the implications of the process of resources becoming on value co creation, innovation and market formation. Practical implications - As the resourceness of potential resources arises due to the influence of institutions, managers need a more profound understanding of the complimentary and inhibiting institutional arrangements and the related practices, symbols and organizing principles that comprise the multidimensional context in which they operate. Originality/value - This paper is one of the first to focus specifically on the process of resources becoming, using a systemic and institutional perspective to grasp the complexity of the phenomenon.
Keywords:
Institutional complexity
Institutions
Resources-in-context
Service ecosystems
Value co-creation
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