Overview

The 'theory of the firm' is a significant part of modern economics. Because it informs strategic choices, it is also highly relevant to business administration in particular. Two dominant streams may be identified in the literature, namely the 'competence' and 'governance' perspectives on the firm. While there has been little direct discussion between the main proponents of these perspectives, both claim that they are reaching for a strategic theory of the firm. Such a theory would not only shed light on the classical questions considered in the theory of the firm (e.g. why firms exist, what determines their boundaries and internal organization), but would also be helpful for informing strategy issues, such as understanding strategic flexibility, strategic options, and the sources of competitive advantage.This volume brings together leading thinkers on competence, governance, and entrepreneurship to advance and stimulate economic strategy research. By pooling and mobilizing intellectual resources of both competence and governance perspectives, the contributions show that an innovative joint venture between these two main perspectives potentially leads to a new avenue of future research on strategic issues such as corporate growth, interfirm cooperation, and corporate entrepreneurship.

Full Product Details

Author:   Prof. Nicolai Foss (, Director of the Learning, Incentives, and Knowledge Program, Copenhagen Business School) ,  Prof. Volker Mahnke (, Copenhagen Business School)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 15.60cm , Height: 1.90cm , Length: 23.40cm
Weight:   0.510kg
ISBN:  

9780199259816

ISBN 10:   019925981
Pages:   352
Publication Date:   24 October 2002
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

1: Nicolai Foss and Volker Mahnke: Advancing Research on Competence, Governance, and Entrepreneurship Part I: Fundamental Perspectives 2: Oliver Williamson: Strategy Research: Competence and Governance Perspectives 3: Kirsten Foss and Nicolai Foss: The Knowledge-Based Approach and Organizational Economics: How much do they really Differ? And how does it Matter? 4: Giovanni Dosi and Luigi Marengo: On the Tangled Discourse between Transaction Cost Economics and Competence-based Views of the Firm Part II: Firm Growth and Entrepreneurship 5: Patrick Cohendet, Patrick Llerena, and Luigi Marengo: Is there a Pilot in the Evolutionary Firm? 6: Mark Casson: An Entrepreneurial Theory of the Firm 7: Sumantra Ghoshal, Martin Hahn, and Peter Moran: Organizing for Firm Growth: The Interaction between Resource-Accumulating and Organizing Processes 8: Paul Geroski: The Growth of Firms in Theory and Practice 9: Neil Kay: The Growth of Firms Part III: The Dynamics of Governance 10: Rod Coombs and Stan Metcalfe: Organizing for Innovation: Co-ordinating Distributed Innovation Capabilities 11: Nicholas Argyres and Julia Porter Liebeskind: The Role of Prior Commitment in Governance Choice 12: Erich Pfaffman: Knowledge Maturity of Products, Modularity, and the Vertical Boundaries of the Firm 13: Anoop Madhok: Inter-firm Collaboration: Contractual and Capabilities-Based Perspectives 14: Jay B. Barney and Wonghee Lee: Multiple Considerations in Making Governance Choices: Implications of Transaction Cost Economics, Real Options Theory, and Knowledge-Based Theories of the Firm 15: Ron Sanchez: Demand Uncertainty and Asset Flexibility: Incorporating Strategic Options in the Theory of the Firm

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Author Information

Nicolai Foss is Professor of Economic Organization and Director of the Learning, Incentives, and Knowledge Program at the Copenhagen Business School. His research interests centre around the theory of the firm and strategic management. He has published extensively in academic journals and has also edited a number of volumes on economic organization and firm strategy. Volker Mahnke is Associate Professor at the Department of Industrial Economics and Strategy at the Copenhagen Business School. He is project leader for 'The Economics of Knowledge Management and Product Innovation in Buyer/Supplier Systems'. His research interests include the knowledge-based theory of the firm, strategy process, and the impact of knowledge structures on corporate performance.

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