The notion of “capability” has long been influential in management research as an approach to address firm-level heterogeneity and heterogeneity in competitive outcomes. I discuss how recent advances in economics may allow for a more rigorous understanding and measurement of capability that take organizational practices into account. However, economists may also learn from work on capabilities in management research.
|Place of Publication||Frederiksberg|
|Number of pages||7|
|Publication status||Published - Sep 2013|
|Series||SMG Working Paper|