Bounded Rationality and Tacit Knowledge in the Organizational Capabilities Approach

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Bounded Rationality and Tacit Knowledge in the Organizational Capabilities Approach

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dc.contributor.author Foss, Nikolaj J. en_US
dc.date.accessioned 2009-02-04T10:25:25Z
dc.date.available 2009-02-04T10:25:25Z
dc.date.issued 2004-03-18T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/6901
dc.description.abstract The famous three chapters in Nelson and Winter (1982) that focus on firm routines and capabilities are often taken to be solidly founded on an assumption of bounded rationality. I argue that, in actuality, bounded rationality plays a rather limited role in Nelson and Winter (1982), that the very different assumption of tacit knowledge is much more central, and that the links between bounded rationality and routines/capabilities are not clear. I then argue that the absence in Nelson and Winter of a clear methodological individualist foundation for notions such as routines, capabilities, competencies, etc. have resulted in certain explanatory difficulties in the modern organizational capabilities approach that has taken so much inspiration from their work. en_US
dc.format.extent 22 s. en_US
dc.language eng en_US
dc.relation.ispartofseries LINK Working paper;2002-18 en_US
dc.subject.other kep en_US
dc.title Bounded Rationality and Tacit Knowledge in the Organizational Capabilities Approach en_US
dc.type wp en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Institut for International Økonomi og Virksomhedsledelse
dc.contributor.departmentshort INT
dc.contributor.departmentuk Department of International Economics and Management
dc.contributor.departmentukshort INT
dc.idnumber x656406193 en_US
dc.publisher.city København en_US
dc.publisher.year 2002 en_US
dc.title.subtitle An Assessment and a Reevaluation en_US


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