Towards a Competence Theory of the Firm

Towards a Competence Theory of the Firm

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.

Resources, Technology and Strategy

Resources, Technology and Strategy

Resources, Technology and Strategy brings together contributors from Europe, North America and Asia to consider the strategic relationship between technology and other resources, such as production capabilities, marketing prowess, finance and organisational culture. Throughout the book, these experts take a critical approach to RBP (Resource-Based Perspective) in order to assess both its strengths and weaknesses. Case studies also highlight the importance of both having and not having strong technological capabilities in settings as diverse as the US semiconductor industry, small family manufacturing firms in Hong Kong and state-owned enterprises in China.

Building Big Business in Russia

The Impact of Informal Corporate Governance Practices

Building Big Business in Russia

This book examines the development of big business in Russia since the early 1990s, explaining how post-Soviet enterprises - many of which made little sense as business units - were restructured into functional firms. It includes detailed case studies of three leading companies: Yukos Oil Company, Siberian (Russian) Aluminium and Norilsk Nickel.

New Perspectives on Economic Development

A Human Agency Approach

New Perspectives on Economic Development

This book is the first of its kind to use Austrian subjectivism to analyze issues in economic development. Unlike scholars in mainstream neoclassical economics who explain economic development by quantitative growth models, this book attempts to understand economic progress in human agency perspective. In this approach, human agency is placed at the centre of economic analysis. This book begins with a review of the theories of economic development in the history of Austrian economics, with the intention of extending the contributions of major Austrian economists to development economics. After pointing out the weaknesses in the orthodox neoclassical approach to economic growth, the book then puts forward a subjectivist methodology which integrates the contributions of Max Weber, Alfred Schutz and Austrian Economists to interpret economic phenomena and policies. This chapter also serves as a methodological foundation for arguments elaborated in subsequent chapters. The rest of the book discusses important issues in economic development, namely, entrepreneurial process, national capabilities, innovation, trade, government, transition and catching up strategies for firms in latecomer economies. The book ends with concluding remarks and a proposal for a new research agenda in economic development. This book is well written, free from mathematics and is highly readable. It adds new insights not only in economics, but also in management, politics and social sciences. It will be useful to scholars, policy makers and students in economic development, entrepreneurship, theory of the firm, management of innovation, government policy, economic sociology, Austrian and evolutionary economics.

The Theory of the Firm

Critical Perspectives on Business and Management

The Theory of the Firm


Modern Applications of Austrian Thought

Modern Applications of Austrian Thought

Austrian economics is often criticized as being hostile to empirical research and seen purely as an ideology. In contrast, the purpose of this book is to show that Austrian economics provides an interesting approach to most conceivable subjects in economics. Edited by Jürgen G. Backhaus, this comprehensive volume includes Austrian analysis of: health economics labour economics taxation business cycle theory property rights. Contributors include Roger Koppl, Bart Nooteboom, Larry Moss, Dick Wagner and Gerrit Meijer, and this significant book will prove invaluable to students of economics and will make interesting reading for applied economists in any area of application.

Resources, Firms, and Strategies

A Reader in the Resource-based Perspective

Resources, Firms, and Strategies

Strategic management has been increasingly characterized by an emphasis on core competences. This reader brings together extracts from the seminal articles that created this dominant perspective in strategic management.

Information Warfare in Business

Strategies of Control and Resistance in the Network Society

Information Warfare in Business

Information Warfare in Business provides a significant and interesting perspective on the concept of the network organization. It illustrates the relations between information technology and organization, and in particular, between business organizations and the recent revolution in military affairs that has been called 'information warfare'. The main themes discussed include the network society, knowledge management, nomadic strategy, information warfare, power and identity.

Dynamics of competence-based competition

theory and practice in the new strategic management

Dynamics of competence-based competition

Notions of 'competence' and of 'core competencies' are at the heart of much recent thinking in the field of strategic management. They have been developed in response to the need for concepts that can more accurately reflect the rapid evolution of business organisations and the dynamics of their competitive interactions. When applied to real-life situations, the 'competence' perspective has proved a powerful means of uncovering new insights into the nature of interfirm competition and potential sources of competitive advantage. Dynamics of Competence-Based Competition sets out to lay the foundations for a coherent theory to underpin this perspective in strategic management, and to illustrate the practical application of competence theory in a variety of competitive contexts. The chapters in the first part of the book develop the basic ideas which form the theory of competence-based competition, while the remaining chapters consist of firm and industry studies demonstrating the application of these ideas in practice.

Strategic Management and Core Competencies

Theory and Application

Strategic Management and Core Competencies

The first theoretically grounded book to present an operational framework for competence-based strategy, complete with operational tools.