Heterogeneous Resources and the Financial Crisis: Implications of Strategic Management Theory

Rajshree Agarwal; Jay B. Barney; Nicolai J. Foss; Peter G. Klein

Heterogeneous Resources and the Financial Crisis: Implications of Strategic Management Theory

Rajshree Agarwal, Jay B. Barney, Nicolai J. Foss, Peter G. Klein

Research output: Working paper › Research

247 Downloads (Pure)

Abstract

Macroeconomic theory assumes that factors of production in the economy are homogeneous and fungible. As a result, it may be ill-suited for developing policy responses to the recent financial crisis. Theories of strategic management and organization,with their emphasis on heterogeneously distributed resources and capabilities,may be better positioned.Examples of where macroeconomic theory may lead policies astray, and where theories of strategic management may be more appropriate, are provided.

Original language	English
Place of Publication	Frederiksberg
Publisher	Center for Strategic Management and Globalization
Number of pages	24
ISBN (Print)	9788791815478
Publication status	Published - 2009

Series	SMG Working Paper
Number	6/2009

Access to Document

SMG WP 2009-06Final published version, 460 KBLicence: CC BY-NC-ND

Handle.net

Persistent link

Cite this

@techreport{d2f88660825411de8153000ea68e967b,

title = "Heterogeneous Resources and the Financial Crisis: Implications of Strategic Management Theory",

abstract = "Macroeconomic theory assumes that factors of production in the economy are homogeneous and fungible. As a result, it may be ill-suited for developing policy responses to the recent financial crisis. Theories of strategic management and organization,with their emphasis on heterogeneously distributed resources and capabilities,may be better positioned.Examples of where macroeconomic theory may lead policies astray, and where theories of strategic management may be more appropriate, are provided.",

author = "Rajshree Agarwal and Barney, {Jay B.} and Foss, {Nicolai J.} and Klein, {Peter G.}",

year = "2009",

language = "English",

isbn = "9788791815478",

series = "SMG Working Paper",

publisher = "Center for Strategic Management and Globalization",

number = "6/2009",

address = "Denmark",

type = "WorkingPaper",

institution = "Center for Strategic Management and Globalization",

}

TY - UNPB

T1 - Heterogeneous Resources and the Financial Crisis

T2 - Implications of Strategic Management Theory

AU - Agarwal, Rajshree

AU - Barney, Jay B.

AU - Foss, Nicolai J.

AU - Klein, Peter G.

PY - 2009

Y1 - 2009

N2 - Macroeconomic theory assumes that factors of production in the economy are homogeneous and fungible. As a result, it may be ill-suited for developing policy responses to the recent financial crisis. Theories of strategic management and organization,with their emphasis on heterogeneously distributed resources and capabilities,may be better positioned.Examples of where macroeconomic theory may lead policies astray, and where theories of strategic management may be more appropriate, are provided.

AB - Macroeconomic theory assumes that factors of production in the economy are homogeneous and fungible. As a result, it may be ill-suited for developing policy responses to the recent financial crisis. Theories of strategic management and organization,with their emphasis on heterogeneously distributed resources and capabilities,may be better positioned.Examples of where macroeconomic theory may lead policies astray, and where theories of strategic management may be more appropriate, are provided.

M3 - Working paper

SN - 9788791815478

T3 - SMG Working Paper

BT - Heterogeneous Resources and the Financial Crisis

PB - Center for Strategic Management and Globalization

CY - Frederiksberg

ER -