Strategic management has been increasingly characterized by an emphasis on core competences. Firms are advised to divest unrelated businesses and return to core business. Moreover, competitive advantage is now increasingly seen as a matter of efficiently deploying scarce knowledge resources to product markets. Much of this change in emphasis has occurred because of the emergence of a unified and rigorous approach to strategy, often called the resource-based approach. This Reader brings together extracts from the seminal articles that created this dominant perspective in strategic management. It includes the pioneering work of Selznick, Penrose, and Chandler and more recent writing by Wenerfelt, Barney, Teece, and Prahalad and Hamel.
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Book Description
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About the Author
Nicolai J. Foss is at Copenhagen Business School.
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Inside This Book
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First Sentence:
During the last five years, strategy-both as an aspect of business practice and as a field of inquiry-seems to have been regaining some of the reputation and influence that was lost by the end of the 1970s and the beginning of the 1980s. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
expectational advantages, resource position barrier, identical entrepreneurs, strategic factor markets, less specific factors, competitive imperfection, more accurate expectations, new strategic assets, asset mass efficiencies, time compression diseconomies, actual future value, imperfect factor mobility, marginal rents, related diversifiers, uncertain imitability, asset erosion, endogenous creation, ante limits, post limits, tradeable assets, strategic architecture, disequilibrium effects, asset stock accumulation, interfirm differences, related diversification Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Free Press, American Economic Review, Harvard University Press, Bell Journal of Economics, General Motors, Englewood Cliffs, Harvard Business Review, Cambridge University Press, Industrial Economics, Academy of Management Review, United States, John Wiley, Quarterly Journal of Economics, Administrative Science Quarterly, Birger Wernerfelt, David Teece, Edith Penrose, Jay Barney, Journal of Management, Kluwer Academic Publishers, May June, Oxford University Press, Research Policy, Basil Blackwell New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
During the last five years, strategy-both as an aspect of business practice and as a field of inquiry-seems to have been regaining some of the reputation and influence that was lost by the end of the 1970s and the beginning of the 1980s. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
expectational advantages, resource position barrier, identical entrepreneurs, strategic factor markets, less specific factors, competitive imperfection, more accurate expectations, new strategic assets, asset mass efficiencies, time compression diseconomies, actual future value, imperfect factor mobility, marginal rents, related diversifiers, uncertain imitability, asset erosion, endogenous creation, ante limits, post limits, tradeable assets, strategic architecture, disequilibrium effects, asset stock accumulation, interfirm differences, related diversification Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, Free Press, American Economic Review, Harvard University Press, Bell Journal of Economics, General Motors, Englewood Cliffs, Harvard Business Review, Cambridge University Press, Industrial Economics, Academy of Management Review, United States, John Wiley, Quarterly Journal of Economics, Administrative Science Quarterly, Birger Wernerfelt, David Teece, Edith Penrose, Jay Barney, Journal of Management, Kluwer Academic Publishers, May June, Oxford University Press, Research Policy, Basil Blackwell New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 100
books:
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6
books
cite this book:
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- An Evolutionary Theory of Economic Change (Belknap Press) by Richard R. Nelson on 13 pages
- Strategic Management: Analysis and Action by Kenneth J. Hatten on 9 pages
- Concept of Corporate Strategy by Kenneth R. Andrews on 6 pages
- The Economic Institutions of Capitalism by Oliver E. Williamson on 6 pages
- Competitive Strategic Management by Robert Boyden Lamb on 6 pages
See all 100 books this book cites
- Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research by Nicolai Foss on page 18, page 53, and page 79
- Knowledge and Competitive Advantage: The Coevolution of Firms, Technology, and National Institutions (Cambridge Studies in the Emergence of Global Enterprise) by Johann Peter Murmann in Back Matter
- Perspectives on Intellectual Capital: Multidisciplinary Insights Into Management, Measurement, and Reporting by Bernard Marr on page 193
- AMA Handbook of Project Management, Second Edition by Paul C. Dinsmore on page 278
- The Behavioral Foundations of Strategic Management (Theories of Strategic Management Series) by Philip Bromiley in Back Matter
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