For empirical work in the resource-based view of the firm, characterizing the resources that are responsible for firm growth is difficult because valuable resources are often tacit, ambiguous, or difficult to identify. This is a particular problem for empirical assessments that rely upon the...

David J. Teece discusses with Sidney G. Winter some of the major contributions of Alfred D. Chandler, Jr. Topics discussed include path dependence and the organizational embeddedness of competences and capabilities, the recent financial crisis, and the electronic century in terms of Chandler's...