Towards a Competence Theory of the FirmNicolai J. Foss, Christian Knudsen This book explores a new theory of the firm produced through an exchange between management theory and economics. In the process economics is seen to provide a foundational element for strategy research whilst developing a more realistic theory of the firm with a greater emphasis on its internal features. The success of competence theories of the firm also reflects their ability to explain significant trends in the business world, notably the declining importance of conglomerates and critical features in the success of Asian and Japanese business. |
Contents
A HISTORICAL VIEW | 13 |
THE ORGANIZATION OF INDUSTRY | 38 |
COMPETITIVE ADVANTAGE AND THE CONCEPT | 54 |
COMPETENCES TRANSACTION COSTS | 75 |
STRATEGIC IMPLICATIONS OF BUSINESS PROCESS | 97 |
Other editions - View all
Common terms and phrases
accumulation acquisition activities Alchian analysis approach argued Austrian economics Barney behaviour Benetton bounded rationality business processes capabilities and competences capacity characterized coherence competence perspective competence-based competitors complementary concept coordination Copenhagen Business School core competences Corporate Dierickx and Cool dimension dynamics economists Edith Penrose efficiency empirical endogenous growth equilibrium evolutionary economics example external factors of success firm's formal functional identified imitation implies important innovative assets inter-asset internal investment key factors knowledge learning managerial market cluster Nelson and Winter organizational capital path-dependent Penrose Prahalad and Hamel problem production cluster profits R&D cluster rent resource-based perspective Resource-based View resources and competences Ricardian rent Richardson role scholars Selznick Sidney Winter SIFs skills social capital specific strategic assets Strategic Management Journal strategy structure studies subsidiaries sustained competitive advantage synergy tacit knowledge technological innovation technology base Teece three clusters transaction costs types University Press