Abstract
of theories. It is possible to argue in favor of a relation of complementarity between the two and pursue a research strategy on this basis. However, it is also possible two claim that they are rivals. Along this line, it is argued that the capabilities perspective contains propositions about economic organization that are not to be found within the modern Coasian approach to economic organization, and thus may be seen as a distinct emerging perspective on economic organization.
| Original language | English |
|---|---|
| Place of Publication | Frederiksberg |
| Publisher | DRUID - Danish Research Unit for Industrial Dynamics |
| Number of pages | 24 |
| ISBN (Print) | 8778730082 |
| Publication status | Published - 1996 |
| Series | DRUID Working Paper |
|---|---|
| Number | 96-08 |
Cite this
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Capabilities and the Theory of the Firm. / Foss, Nicolai J.
Frederiksberg : DRUID - Danish Research Unit for Industrial Dynamics, 1996.Research output: Working paper › Research
TY - UNPB
T1 - Capabilities and the Theory of the Firm
AU - Foss, Nicolai J.
PY - 1996
Y1 - 1996
N2 - The recent decade has witnessed a strong expansion of work on the firm, both from a capabilities perspective and from a contractual perspective. These two bodies of theories are often thought to be fundamentally different, because their domains of applications are different (knowledge-accumulation vs contracts and incentives). However, we need to integrate propositions from capabilities perspectives with ideas about economic organization (markets, hybrids, firms). This is because only a more unified theory will allow us to understand such issues as the dynamics of the modern corporation, and, more topically, the costs and benefits of outsourcing. I discuss the relations between these two bodiesof theories. It is possible to argue in favor of a relation of complementarity between the two and pursue a research strategy on this basis. However, it is also possible two claim that they are rivals. Along this line, it is argued that the capabilities perspective contains propositions about economic organization that are not to be found within the modern Coasian approach to economic organization, and thus may be seen as a distinct emerging perspective on economic organization.
AB - The recent decade has witnessed a strong expansion of work on the firm, both from a capabilities perspective and from a contractual perspective. These two bodies of theories are often thought to be fundamentally different, because their domains of applications are different (knowledge-accumulation vs contracts and incentives). However, we need to integrate propositions from capabilities perspectives with ideas about economic organization (markets, hybrids, firms). This is because only a more unified theory will allow us to understand such issues as the dynamics of the modern corporation, and, more topically, the costs and benefits of outsourcing. I discuss the relations between these two bodiesof theories. It is possible to argue in favor of a relation of complementarity between the two and pursue a research strategy on this basis. However, it is also possible two claim that they are rivals. Along this line, it is argued that the capabilities perspective contains propositions about economic organization that are not to be found within the modern Coasian approach to economic organization, and thus may be seen as a distinct emerging perspective on economic organization.
M3 - Working paper
SN - 8778730082
T3 - DRUID Working Paper
BT - Capabilities and the Theory of the Firm
PB - DRUID - Danish Research Unit for Industrial Dynamics
CY - Frederiksberg
ER -