The 'theory of the firm' is a significant part of modern economics. Because it informs strategic choices, it is highly relevant to business administration in general, and for strategic management 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 prominent voices 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'.
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Nicolai Foss is Professor in the Department of Industrial Economics and Strategy at the Copenhagen Business School. Volker Mahnke is Associate Professor at the Copenhagen Business School.
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Hardcover. Condition: new. Hardcover. The 'theory of the firm' is a significant part of modern economics. Because it informs strategic choices, it is highly relevant to business administration in general, and for strategic management 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 fora '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 andinternal 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 prominent voices 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 jointventure between these two main perspectives potentially leads to a new avenue of future research on strategic issues such as 'corporate growth', 'interfirm cooperation', and 'corporateentrepreneurship'. Leading international theorists explore the most significant developments in debates on the theory of the firm - in particular the contributions of the two major perspectives: transaction costs economics (governance structures) on the one hand, and competence perspectives (resource-based approaches) on the other. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Seller Inventory # 9780198297178
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