“Economic Foundations of Strategy uniquely contributes to the strategic management discipline by discussing and integrating the most important theoretical approaches in strategic management research. The book articulates the essence of these theories creatively and eloquently. Currently, our...

As emphasized by Barney (1986), any explanation of superior profitability must account for why the resources supporting such profitability could have been acquired for a price below their rent generating capacity. Building upon the literature in economics on coordination failures and incomplete...

The capability-based view of the firm is based on the assumption that firms know how to do things. Assuming the existence of a thing called `organizational knowledge', in the first part of the paper we identify its main building blocks and we provide a description of its inner structure. This...