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Title
When natural resources run out, market knowledge steps in: Lessons on natural resource deployment from a longitudinal study in a resource-scarce region of Ethiopia |
Full text
https://library.wur.nl/WebQuery/wurpubs/576146 |
Date
2020 |
Author(s)
Gugissa, Desalegn A.; Ingenbleek, Paul T.M.; Trijp, Hans C.M., van; Teklehaimanot, Mebrahtu L.; Tessema, Workneh K. |
Abstract
With the increasing scarcity of natural resources, the ability to maintain quality standards during resource-scarce times becomes more critical for business performance. Theories on managing resource scarcity cannot be easily tested in contexts where resources are still abundant. This study therefore turns to an emerging market context in which natural resource availability naturally varies strongly between seasons, namely, that of Ethiopian pastoralists who for many generations learned to adapt to natural resource scarcity. Central to our theory is the natural resource deployment capability, which is the ability of a business to make efficient and effective use of available resources to maintain business performance during resource-scarce times. Using three-wave longitudinal data from 120 pastoral family-based livestock businesses, the study shows that when resources are scarce or extremely scarce, market knowledge helps to better deploy the scarce natural resources, leading to higher product quality. The findings imply that businesses with a better understanding of markets have stronger natural resource deployment capability. The lesson for businesses that are confronted with approaching resource scarcity is therefore to strengthen their ability to deploy resources efficiently and effectively by strengthening their market knowledge in which such capability is rooted. |
Subject(s)
capability; market knowledge; natural environment; pastoralism; product quality; resource deployment; resource scarcity management; sustainability |
Language
en |
Relation
https://edepot.wur.nl/538774 |
Type of publication
Article/Letter to editor |
Format
text/html |
Source
Business Strategy and the Environment (2020); ISSN: 0964-4733 |
Rights
Wageningen University & Research |
Identifier
10.1002/bse.2696 |
Repository
Wageningen - University of Wageningen
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Added to C-A: 2021-01-14;08:41:00 |
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