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...

Understanding the economic function of the multinational enterprise remains a seminal issue. Almost half a century ago, Stephen Hymer initiated serious scholarly inquiry into the theory of multinational enterprise by positing that domestic firms needed special advantages to go global and...

The concepts of asset co-specialization and dynamic capabilities have been instrumental in furthering the organization and strategy scholarship agenda, but have so far had limited impact on the theory of the multinational enterprise (MNE) and foreign direct investment (FDI). In addition, the...

This article is a personal remembrance by the authors, of John Freeman's transition from being a scholar on organization theory to an active contributor to entrepreneurship research, teaching and mentoring. The article reflects on Freeman's work on organizational ecology and entrepreneurship, as...