Adaptation, Specialization, and the Theory of the Firm

Foundations of the Resource-Based View

Business & Finance, Management & Leadership, Industrial Management, Planning & Forecasting
Cover of the book Adaptation, Specialization, and the Theory of the Firm by Birger Wernerfelt, Cambridge University Press
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Author: Birger Wernerfelt ISBN: 9781316798645
Publisher: Cambridge University Press Publication: October 27, 2016
Imprint: Cambridge University Press Language: English
Author: Birger Wernerfelt
ISBN: 9781316798645
Publisher: Cambridge University Press
Publication: October 27, 2016
Imprint: Cambridge University Press
Language: English

This invaluable book provides the foundations for a new theory of the firm, drawing on Birger Wernerfelt's landmark work on economic theory and the resource-based view of the firm. It addresses a vigorous and long-standing academic debate over what exactly a 'firm' is, both in the field of management and economics. Wernerfelt revisits his classic articles, including an extensively revised 'A Resource-Based View of the Firm' (1984), which have been updated and synthesized to provide precise and accessible concepts and predictions. By offering future directions for research and practice, this book will be of interest to students and scholars of management and economics alike.

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This invaluable book provides the foundations for a new theory of the firm, drawing on Birger Wernerfelt's landmark work on economic theory and the resource-based view of the firm. It addresses a vigorous and long-standing academic debate over what exactly a 'firm' is, both in the field of management and economics. Wernerfelt revisits his classic articles, including an extensively revised 'A Resource-Based View of the Firm' (1984), which have been updated and synthesized to provide precise and accessible concepts and predictions. By offering future directions for research and practice, this book will be of interest to students and scholars of management and economics alike.

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