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Economic microfoundations of strategic management : the property rights perspective / / Kirsten Foss and Nicolai J. Foss



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Autore: Foss Kirsten Visualizza persona
Titolo: Economic microfoundations of strategic management : the property rights perspective / / Kirsten Foss and Nicolai J. Foss Visualizza cluster
Pubblicazione: Cham, Switzerland : , : Palgrave Macmillan, , [2022]
©2022
Descrizione fisica: 1 online resource (292 pages)
Disciplina: 338.5024658
Soggetto topico: Managerial economics
Strategic planning
Persona (resp. second.): FossNicolai J.
Nota di bibliografia: Includes bibliographical references and index.
Nota di contenuto: Intro -- Preface and Acknowledgments -- Contents -- List of Figures -- List of Tables -- 1 Strategy and Property Rights -- Property Rights Economics in the Conversation of Strategy Researchers -- The Importance of Strategy Research -- Economics and Strategy -- The Distinctiveness of This Book -- Property Rights and Other Approaches in Strategy Research -- Property Rights Economics: New Old Insights -- Relevance to Strategy and Overview of the Book -- Value Creation -- Positioning Theory and Barriers to Strategizing -- The Theory of the Firm, Learning, and Entrepreneurship -- References -- 2 Microfoundations for Strategy -- The Structure of Microfoundations -- Which Microfoundations for Strategy? -- Conclusions -- References -- 3 Property Rights Economics: An Overview -- The Evolution of Thinking on Property Rights in Economics -- Early Thinking -- The Emergence of Property Rights Economics -- The Current Status of Property Rights Economics -- Key Tenets of Property Rights Economics -- The Forms of Property -- An Extension of "Standard" Economics -- The "Coase Theorem" -- The Coase Theorem as an Evolving Benchmark -- Property Rights and Transaction Costs -- Conclusion -- References -- 4 Ownership and Property Rights -- Ownership in Property Rights Economics (Mark I) -- The New Property Rights Economics -- Comparing Mark I and Mark II Property Rights Economics -- Cutting the Gordian Knot? -- How Well-Defined is Ownership? -- Do These Distinctions Matter? -- A New Lighthouse in Economics? -- Consequences and Anomalies -- Toward a Broader Understanding of Ownership Patterns -- An Example -- Implications -- Conclusion -- References -- 5 Resources and Value Creation -- Refining Resource Analysis: Property Rights and Resource Value -- Resources as Bundles of Property Rights -- Resource Value and Transaction Costs.
Controlling Property Rights: The Capture and Protection of Property Rights -- Relating Transaction Costs to Value Creation and Appropriation -- The Coase Theorem -- Value Dissipation and Value Erosion: Bad News for Strategizers -- Sources of Value Creation: Good News for Strategizers -- Transaction Costs and Sustained Competitive Advantage -- Conclusions -- References -- 6 Strategizing and Positioning -- Theoretical Foundations -- Property Rights and Transaction Costs -- Implicit Property Rights and Transaction Costs in Competitive Strategy Research -- Enter Transaction Costs -- Property Rights and Transaction Cost Conditions of Successful Strategizing -- Extended Rivalry and Countervailing Power -- Building Market Power -- Protecting Market Power -- Exercising Market Power -- Summary -- Differentiating Transaction Costs: Implications for Strategic Positioning -- Transaction Costs of Delineating, Exchanging, and Protecting Property Rights -- The Transaction Cost Environment and Transaction Cost Arrangements -- Concluding Discussion -- Contribution to Theory -- Strategizing and Economizing -- Future Research -- References -- 7 Property Rights and the Nature of the Firm -- Coase's "The Nature of the Firm" -- Transaction Costs and Subjective Opportunity Costs -- Coase and the Firm: Coordination and Property Rights -- Property Rights and the Firm -- Conclusions -- References -- 8 The Theory of the Firm: Specialization and Learning -- Specialization: A Property Rights Interpretation -- Specialization -- Learning by Doing -- Delineating Property Rights -- The Division of Labor, Learning by Doing, and Property Rights -- Coordination and Experimentation in Production -- Specialization and Coordination -- Other Determinants of the "Costs of Discovering the Relevant Prices" -- Make or Buy Decisions: Taking Advantage of the Division of Labor -- Conclusion.
References -- 9 Property Rights, Transaction Costs, and Entrepreneurship -- Opportunity Discovery and Experiential Knowledge -- Opportunity Discovery -- Experiential Knowledge -- Cognition and Incentives in Opportunity Discovery -- Linking Transaction Costs and Opportunity Discovery: Appropriability and Resource Learning Mechanisms -- Attributes and Opportunity Discovery -- The Appropriability Mechanism -- The Resource Learning Mechanism -- Opportunity Discovery and Sustainable Advantage: A Framework for Analysis -- Benchmarks -- Case A: Zero Transaction Costs and Blueprint Knowledge -- Case B: Zero Transaction Costs and Non-blueprint Knowledge -- Case C: Positive Transaction Costs and Blueprint Knowledge -- Case D: Positive Transaction Costs and Non-blueprint Knowledge -- Conclusions -- References -- 10 Conclusions -- References -- References -- Index.
Titolo autorizzato: Economic microfoundations of strategic management  Visualizza cluster
ISBN: 3-031-12910-5
Formato: Materiale a stampa
Livello bibliografico Monografia
Lingua di pubblicazione: Inglese
Record Nr.: 9910619283103321
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