Browsing Working Papers (SMG) by Author "Foss, Nicolai"
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Abell, Peter; Felin, Teppo; Foss, Nicolai (København, 2007)[More information][Less information]
Abstract: Micro-foundations have become an important emerging theme in strategic management. This paper addresses micro-foundations in two related ways. First, we argue that the kind of macro (or "collectivist”) explanation that is utilized in the capabilities view in strategic management - which implies a neglect of micro-foundations - is incomplete. There are no mechanisms that work solely on the macro-level, directly connecting routines and capabilities to firm-level outcomes. While routines and capabilities are useful shorthand for complicated patterns of individual action and interaction, ultimately they are best understood at the micro-level. Second, we provide a formal model that shows precisely why macro explanation is incomplete and which exemplifies how explicit micro-foundations may be built for notions of routines and capabilities and for how these impact firm performance. Keywords: Routines, capabilities, micro-foundations, production function. JEL Code: L2, M1 URI: http://hdl.handle.net/10398/7474 Files in this item: 1
wp smg 69.pdf (300.6Kb) -
Foss, Kirsten; Foss, Nicolai (København, 2008)[More information][Less information]
Abstract: On November 24, 1874, United States Patent No. 157,124 was granted to Joseph Glidden of DeKalb, Ill., for improved barbed wire fencing. Glidden’s patent was the culmination of a series of nine patents for improvements to wire fencing that were granted by the U.S. Patent Offi ce to American inventors, beginning with Michael Kelly in November 1868 and ending with Glidden’s patent (McCallum and McCallum, 1965), which quickly became dominant. To be sure, wire fencing had been used for a very long time. However, property rights over livestock were less secure, as wire fencing would often break under the impact of heavy livestock pressing against the fencing. This would not happen with barbed wire, so the costs at which property rights to livestock could be protected fell dramatically (Dennen, 1976; Anderson and Hill, 2004). URI: http://hdl.handle.net/10398/7448 Files in this item: 1
smg wp 2008-26.pdf (294.3Kb)
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