Resources, Firms, and Strategies: A Reader in the Resource-Based Perspective

Paperback | December 1, 1997

EditorNicolai J. Foss

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Strategic management has been increasingly characterized by an emphasis on core competences. Firms are advised to divest unrelated businesses and return to core business. Moreover, competitive advantage is now increasingly seen as a matter of efficiently deploying scarce knowledge resources toproduct markets. Much of this change in emphasis has occurred because of the emergence of a unified and rigorous approach to strategy, often called the resource-based approach. This Reader brings together extracts from the seminal articles that created this dominant perspective in strategicmanagement. It includes the pioneering work of Selznick, Penrose, and Chandler and more recent writing by Wernerfelt, Barney, Teece, and Prahalad and Hamel.

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Strategic management has been increasingly characterized by an emphasis on core competences. Firms are advised to divest unrelated businesses and return to core business. Moreover, competitive advantage is now increasingly seen as a matter of efficiently deploying scarce knowledge resources toproduct markets. Much of this change in emp...

Nicolai J. Foss is at Copenhagen Business School.

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Format:PaperbackDimensions:396 pages, 9.21 × 6.14 × 0.87 inPublished:December 1, 1997Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198781792

ISBN - 13:9780198781790

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Table of Contents

Edith Penrose: ForewordNicolai J. Foss: Resources and Strategy: A Brief Overview of Themes and ContributionsPhilip Selznick: Leadership in AdministrationEdith T. Penrose: The Theory of the Growth of the FirmAlfred D. Chandler: Strategy and StructureKenneth Andrews: The Concept of Corporate StrategyGeorge B. Richardson: The Organisation of IndustryHarold Demsetz: Industry Structure, Market Rivalry, and Public PolicyRichard R. Nelson and Sidney G. Winter: An Evolutionary Theory of Economic ChangeDavid J. Teece: Economies of Scope and the Scope of the EnterpriseBirger Wernerfelt: A Resource-based View of the FirmRichard P. Rumelt: Towards a Strategic Theory of the FirmJay B. Barney: Strategic Factor MarketsIngemar Dierickx and Karel Cool: Asset Stock Accumulation and the Sustainability of Competitive AdvantageCynthia A. Montgomery and Birger Wernerfelt: Diversification, Ricardian Rents, and Tobins qMargaret A. Peteraf: The Cornerstones of Competitive AdvantageJoseph T. Mahoney and J. Rajendran Pandian: The Resource-based View Within the Conversation of Strategic ManagementC. K. Prahalad and Gary Hamel: The Core Competence of the CorporationRichard R. Nelson: Why do Firms Differ; and How does it Matter?David J. Teece, Gary Pisano, Amy Shuen: Dynamic Capabilities and Strategic ManagementRichard N. Langlois: Transaction-cost Economics in Real TimeBruce Kogut and Udo Zander: Knowledge of the FirmConstantinos C. Markides and Peter J. Williamson: Related Diversification, Core Competences and Corporate PerformanceNicolai J. Foss: Resources and Strategy: Problems, Open Issues, and Ways Ahead