This paper offers a critique of the micro-foundations agenda by arguing that excessive attention to macro-level concepts and their origins threatens to derail the true potential of micro-foundations research – the resurgence of the interest in micro-level phenomena. The paper offers a critical...

Resource-based advantages are ‘built', not bought, and have typically emerged from complex development processes that are, to a significant degree, ‘unmanaged'. Set against this reality are strategy process prescriptions that encourage managers to adopt deliberate, formal, analytical...