How do firms compete? How do firms earn above normal returns? What's needed to sustain superior performance long term? An increasingly powerful answer to these fundamental questions of business strategy lies in the concept of dynamic capabilities. These are the skills, processes, routines,...

This book brings together the work of leading international thinkers working in the overlapping areas of economics, organization studies, business history, corporate strategy, and innovation. There is a growing awareness that the perspectives of a single discipline are unable to capture and...

This book presents a stock-taking of the work that has been done since the appearance of Oliver Williamson's seminal book Markets and Hierarchies (Free Press 1975), that gave new life to the concept of transaction cost analysis (introduced by Ronald Coase in the 1930s). It derives from an issue...

Alfred D. Chandler, Jr. was, by general consensus, the pre-eminent business historian of the twentieth century. Through a prodigious body of work, Chandler made the study of the evolution of business enterprise integral to the study of the evolution of economy and society. His work combined...