A Process Approach to Corporate Coherence

Nicolai J. Foss; Jens Frøslev Christensen

A Process Approach to Corporate Coherence

Nicolai J. Foss, Jens Frøslev Christensen

Department of Strategy and Innovation

Research output: Working paper › Research

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Abstract

We address the notion of 'corporate coherence', recently made prominent by Teece, Rumelt, Dosi and Winter (1994). We argue that the literature is confused on the meaning of the notion (and similar notions) in a number of dimensions. Drawing on insights from market-process theories, we put forward a dynamic understanding of corporate coherence as involving the corporate capacity to strike a favorable balance between the production and the exploitation of new knowledge. This argument is elaborated drawing on Austrian, evolutionary and postMarshallian economics

Original language	English
Place of Publication	Frederiksberg
Publisher	DRUID - Danish Research Unit for Industrial Dynamics
Number of pages	25
ISBN (Print)	8778730074
Publication status	Published - 1996

Series	DRUID Working Paper
Number	96-07

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DRUID WORKING PAPER NO. 96-7Final published version, 148 KBLicence: CC BY-NC-ND

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