The resource-based view (RBV) has been around for over 20 years - during which time it has been both widely taken up and subjected to considerable criticism. The authors review and assess the principal critiques evident in the literature, arguing they fall into eight categories. The conclude the...

The resource-based view (RBV) of the firm has been around for over twenty years - during which time it has been both widely taken up and subjected to considerable criticism. The authors review and assess the principal critiques evident in the literature, arguing they fall into eight categories....

The resource-based view (RBV) of the firm has been around for over twenty years - during which time it has been both widely taken up and subjected to considerable criticism. The authors review and assess the principal critiques evident in the literature, arguing they fall into eight categories....

This chapter contrasts Simon's approach with that of Frank Knight, who was a significant figure in the Chicago economics department at the time. It explores how Simon's ideas, such as bounded rationality and satisficing, have been influential in fields like management and artificial...

The rise of modern corporations has been accompanied by an expansion of salaried executives who have replaced owner-managers. With this expansion, the new class of managers/executives came to regard themselves as stewards of large and complex corporations, and not principally or exclusively as...

Porter's extraordinary record of private, public, academic, and corporate accomplishment has diverse roots, but it is clear that the genesis, publication and impact of Competitive Strategy shifted a promising career as a young award-winning Harvard economist into a very different gear. In this...

“I often say that when you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a meagre and unsatisfactory kind; it may be the beginning of knowledge, but you...

Social scientists in general, and BSchool faculty in particular, are in sore need of a theory of the private sector firm that relates managers' activity to the creation of economic value. Rational-man based theorizing admits only managers' computable inputs so it cannot address value creation....

The business school business has grown rapidly over recent decades and is now firmly embedded in the top tier recruitment process. But business schools are still unsure of why they teach what gets taught. The curriculum drives the business school's design, and vice versa. Both are fairly...

Methodological individualism is the doctrine that economic or social phenomena are ultimately grounded in individual knowing and choice. Recently numerous collective concepts have been introduced into our thinking about the firm - absorptive capacity, communities of practice, dynamic...