Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources By Nicolai J. Foss
Publisher: Oxford University Press, USA| ISBN:0199240647 | edition 2005 | PDF | 292 pages | 1,3 mb



The rise of the knowledge economy has far-reaching implications for thenature of economic organization as well as firm strategy. Notsurprisingly, thinking in management studies as well as in economieshas been profoundly affected by these changes. Thus, managementthinking in particular has been increasingly characterized by a schismbetween those who advocate 'knowledge' or 'capabilities-based'approaches in the strategy and organization fields and those who adoptmore economies-influenced approaches, notably the economics oforganization. This book is a sustained attempt to overcome this schism.Its basic argument is that knowledge-based and organizational economicsapproaches are not substitutes but complements. In particular,organizational economics has much to contribute with respect tofurthering the understanding of efficient organization and strategy inthe emerging knowledge economy. This theme is taken through severaltheroretical as well as empirical variations.