Browsing Department of Strategic Management and Globalization (SMG) by Subject "Organizational economics"
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Meaning, Nature, Origins, and ImplicationsFoss, Nicholai J. (Frederiksberg, 2011)[More information][Less information]
Abstract: Assumptions about the knowledge held by economic agents have been an integral part of the theory of economic organization since its inception. However, recent work—here called “knowledge governance”—has more explicitly highlighted knowledge as both an independent and dependent variable. Thus, a spate of work in management research and new institutional economics has highlighted dimensions such as complementarity, complexity, tacitness, and so on of knowledge assets and shown how knowledge assets, thus dimensionalized, has explanatory value with respect to economic organization. However, knowledge may also be seen as being caused by governance mechanisms and structures; specifically, incentives, allocations of decision rights, organizational structure and so on influence the search for knowledge, and the creation, sharing and integration of knowledge. More philosophically, the concern with the role of knowledge in the context of economic organization prompts a reevaluation of a number of the fundamental assumptions that are often used to guide theory-building in the economics of organization (e.g., Bayesian and game theoretical foundations). URI: http://hdl.handle.net/10398/8379 Files in this item: 1
Nicolai J Foss_SMG WP 12_2011.pdf (490.6Kb) -
A Research AgendaFoss, Nicolai J.; Argyres, Nicholas; Felin, Teppo; Zenger, Todd (Frederiksberg, 2012)[More information][Less information]
Abstract: For decades, the literatures on firm capabilities and organizational economics have been at odds with each other, specifically relative to explaining organizational boundaries and heterogeneity. We briefly trace the history of the relationship between the capabilities literature and organizational economics and point to the dominance of a “capabilities first” logic in this relationship. We argue that capabilities considerations are inherently intertwined with questions about organizational boundaries and internal organization, and use this point to respond to the prevalent “capabilities first” logic. We offer an integrative research agenda that focuses, first, on the governance of capabilities and, second, on the capability of governance. URI: http://hdl.handle.net/10398/8426 Files in this item: 1
Foss_SMGWP2012_1.pdf (780.0Kb) -
Foss, Nicolai Juul (Frederiksberg, 2013)[More information][Less information]
Abstract: The notion of “capability” has long been influential in management research as an approach to address firm-level heterogeneity and heterogeneity in competitive outcomes. I discuss how recent advances in economics may allow for a more rigorous understanding and measurement of capability that take organizational practices into account. However, economists may also learn from work on capabilities in management research. URI: http://hdl.handle.net/10398/8756 Files in this item: 1
Nicolai_Foss_SMGWP2013_9.pdf (416.7Kb)
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