The Firm as an Internal Capital Market: In Defense of Portfolio Modeling

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A review of current strategy literature shows that the portfolio view seems to have become unfashionable. This article argues in favor of a revitalization of the portfolio view, and attempts to show that with a few changes, it can be used together with the modern theories of the firm and its strategy. At the same time it shows how a heterodox portfolio model may be used to control the competence development of firms situated in turbulent and complex settings.
Original languageEnglish
JournalMarket Economist’s Dialogue
Pages (from-to)1-14
Publication statusPublished - Aug 1996

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