Summary
Overview
Key Readings
This collection of selected papers provides a range of fundamental readings in strategic management. The collection covers basic and advanced topics and includes selections from both traditional masters in the field as well as writings by contemporary authors.
Part I contains the classical foundational texts (from scholars such as Herbert Simon, Alfred Chandler, and Alfred Sloan) which helped create the field.
Part II covers the key texts in the areas of industry analysis and competitive strategy (with contributions by Porter, Nalebuf, Ghemewhat, and others).
Part III highlights contributions to the resources-based view (including key articles from Richard Rumelt, Jay Barney, and others).
Part IV addresses dynamic capability theory (with contributors such as Sidney Winter, Richard Rumelt, David J. Teece, and others), covering areas such as organizational learning, entrepreneurship, and ...
Editor's Introduction
1. Introduction
The development of the field of strategic management cannot be fully understood without an appreciation of its origins and its interdisciplinary nature. Today, the field is well established and is taught by most (if not all) business schools around the world; it has its own journals and professional societies, and it is gaining some general acceptance from other disciplines. The main journal in the field (Strategic Management Journal) is highly ranked and has a high impact factor. But this was not always so. Much of this accomplishment is recent. Just a few decades ago, the field appeared to be moving in many different directions. There's still a tendency towards fragmentation; but such pluralism, we believe, is an important part of the scientific ...
Table of Contents
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Volume 1
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Foundations of Business Strategy
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1. Economic Analysis and Strategic Management
David Teece
1984
California Management Review
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R. Coase
1937
Economica
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3. Rational Decision Making in Business Organizations
Herbert Simon
1979
The American Economic Review
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James March
1993
Organizations
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5. Transaction-Cost Economics: The Governance of Contractual Relations
Oliver Williamson
1979
Journal of Law and Economics
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6. Production, Information Costs, and Economic Organization
Armen Alchian
1972
The American Economic Review
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7. Four Formal(izable) Theories of the Firm?
Robert Gibbons
2005
Journal of Economic Behavior & Organization
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8. Evolutionary Theorizing in Economics
Richard Nelson
2002
Journal of Economic Perspectives
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9. An Epilogue
Richard Cyert
1992
A Behavioral Theory of the Firm
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10. Research on the Business Firm Limits to the Growth and Size of Firms
Edith Penrose
1955
The American Economic Review
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11. A Legal Basis for the Firm
Scott Masten
1988
Journal of Law, Economics and Organization
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12. Costly and Bounded Rationality in Individual and Team Decision-Making
Roy Radner
2000
Industrial and Corporate Change
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Robert Gibbons
2003
Industrial and Corporate Change
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Herbert Simon
1991
Journal of Economic Perspectives
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Alfred Sloan
1964
My Years with General Motors
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16. The Beginnings of “Big Business” in American Industry
Alfred Chandler
1959
The Business History Review
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17. Business Objectives and Survival Needs: Notes on a Discipline of Business Enterprise
Peter Drucker
1958
The Journal of Business
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Volume 2
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Foundations of Business Strategy
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18. The Vanishing Hand: The Changing Dynamics of Industrial Capitalism
Richard Langlois
2003
Industrial and Corporate Change
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19. The Circular Flow of Economic Life as Conditioned by Given Circumstances
Joseph Schumpeter
1934
The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle (Cambridge: Harvard University Press
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20. “Historical Setting” and “Du Pont - Creating the Autonomous Divisions”
Alfred Chandler
1962
Strategy and Structure: Chapters in the History of the American Industrial Enterprise (MIT Press
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21. The Enduring Logic of Industrial Success
Alfred Chandler
1990
Harvard Business Review
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22. The Dynamics of Industrial Capitalism: Perspectives on Alfred Chandler's Scale and Scope
David Teece
1993
Journal of Economic Literature
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23. Entrepreneurship in Economic Theory
William Baumol
1968
The American Economic Review
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24. The Population Ecology of Organizations
Michael Hannan
1997
The American Journal of Sociology
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25. Strategy and Organizational Evolution
Herbert Simon
1993
Strategic Management Journal
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26. The Evolution of Evolution
James March
1994
The Evolutionary Dynamic of Organizations
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Michael Porter
1996
Harvard Business Review
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28. Fundamental Issues in Strategy
Richard Rumelt
1994
Fundamental Issues in Strategy: A Research Agenda
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29. Redirecting Research in Business Policy and Strategy
Colin Camerer
1985
Strategic Management Journal
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30. Of Strategies, Deliberate and Emergent
Henry Mintzberg
1985
Strategic Management Journal
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31. Patterns in Strategy Formation
Henry Mintzberg
1978
Management Science
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32. Competencies, Capabilities and the Neoschumpeterian Tradition
Mie Augier
2007
Elgar Companion to Neo - Schumpeterian Economics
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33. From Competitive Advantage to Corporate Strategy
Michael Porter
1987
Harvard Business Review
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Industry Analysis and Competitive Strategy
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34. Relation of Profit Rate to Industry Concentration: American Manufacturing, 1936–1940
Joe Bain
1951
The Quarterly Journal of Economics
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Volume 3
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Industry Analysis and Competitive Strategy
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35. Industry Structure, Market Rivalry, and Public Policy
Harold Demsetz
1973
The Journal of Law & Economics
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R. Caves
1977
Quarterly Journal of Economics
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37. The Contributions of Industrial Organization to Strategic Management
Michael Porter
1981
Academy of Management Review
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38. The Theory of Business Strategy
Carl Shapiro
1989
RAND Journal of Economics
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39. The Role of Investment in Entry-Deterrence
Avinash Dixit
1980
The Economic Journal
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40. Uncertain Imitability: An Analysis of Interfirm Differences in Efficiency under Competition
S. Lippman
1982
The Bell Journal of Economics
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41. Supplier Switching Costs and Vertical Integration in the Automobile Industry
Kirk Monteverde
1982
The Bell Journal of Economics
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Richard Schmalensee
1985
The American Economic Review
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Pankaj Ghemawat
1986
Harvard Business Review
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44. Reputation and Corporate Strategy: A Review of Recent Theory and Applications
Keith Weigelt
1988
Strategic Management Journal
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45. Complementarities and Fit Strategy, Structure, and Organizational Change in Manufacturing
Paul Milgrom
1995
Journal of Accounting and Economics
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46. The Economics of Modern Manufacturing: Technology, Strategy, and Organization
Paul Milgrom
1990
The American Economic Review
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47. Visionaries, Managers and Strategic Direction
Julio Rotemberg
2000
The RAND Journal of Economics
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48. How Much Does Industry Matter?
Richard Rumelt
1991
Strategic Management Journal
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49. How Much Does Industry Matter, Really?
Anita McGahan
1997
Strategic Management Journal
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50. Value-Based Business Strategy
Adam Brandenburger
1996
Journal of Economics & Management Strategy
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51. Industrial Economics: An Overview
Richard Schmalensee
1988
The Economic Journal
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Volume 4
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Industry Analysis and Competitive Strategy
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52. The Right Game: Use Game Theory to Shape Strategy
Adam Brandenburger
1995
Harvard Business Review
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53. The Meaning of Monopoly: Antitrust Analysis in High-Technology Industries
David Teece
1998
The Antitrust Bulletin
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54. Benefits of Narrow Business Strategies
Julio Rotemberg
1994
The American Economic Review
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55. Identifying Mobility Barriers
Richard Caves
1992
Strategic Management Journal
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56. Strategic Group Formation and Performance: The Case of the U.S. Pharmaceutical Industry, 1963–1982
Karel Cool
1987
Management Science
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Kathleen Conner
1991
Journal of Management
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The Resource Competences Based Approach to Strategy
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58. Towards an Economic Theory of the Multiproduct Firm
David Teece
1982
Journal of Economics Behavior and Organization
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59. A Resource-Based View of the Firm
Birger Wernerfelt
1984
Strategic Management Journal
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60. Firm Resources and Sustained Competitive Advantage
Jay Barney
1991
Journal of Management
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61. The Resource-Based View of the Firm: Ten Years after 1991
Jay Barney
2001
Journal of Management
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62. Determinants of Firm Performance: The Relative Importance of Economic and Organizational Factors
Gary Hansen
1989
Strategic Management Journal
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63. What is an Attractive Industry?
Birger Wernerfelt
1986
Management Science
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64. Why Do Firms Differ, and How Does It Matter?
Richard Nelson
1991
Strategic Management Journal
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65. The Evolution of New Industries and the Determinants of Market Structure
Steven Klepper
1990
The RAND Journal of Economics
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66. Strategic Assets and Organizational Rent
Raphael Amit
1993
Strategic Management Journal
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67. A Resource-Based Theory of Sustainable Rents
Joseph Mahoney
2001
Journal of Management
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68. Sustainable Competitive Advantage: Combining Institutional and Resource-Based Views
Christine Oliver
1997
Strategic Management Journal
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Volume 5
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The Resource Competences Based Approach to Strategy
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69. Is the Resource-Based “View” A Useful Perspective for Strategic Management Research?
Richard Priem
2001
Academy of Management Review
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70. A Bargaining Perspective on Resource Advantage
Steven Lippman
2003
Strategic Management Journal
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71. Asset Stock Accumulation and Sustainability of Competitive Advantage
Ingemar Dierickx
1989
Management Science
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72. The Resource-Based Tangle: Towards a Sustainable Explanation of Competitive Advantage
Nicolai Foss
2003
Managerial and Decision Economics
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73. Semiglobalization and International Business Strategy
Pankaj Ghemawat
2003
Journal of International Business Studies
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74. Competing on Resources: Strategy in the 1990s
David Collis
1995
Harvard Business Review
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75. Theory and Research in Strategic Management: Swings of a Pendulum
Robert Hoskisson
1999
Journal of Management
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76. Types of Competition and the Theory of Strategy: Toward an Integrative Framework
Jay Barney
1986
The Academy of Management Review
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77. Dynamic Capabilities and Strategic Management
David Teece
1997
Strategic Management Journal
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Dynamic Capabilities Approach and Other Recent Developments in Strategy
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78. Dynamic Capabilities and Multinational Enterprise: Penrosean Insights and Omissions
Mie Augier
2007
Management International Review
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79. Understanding Dynamic Capabilities
Sidney Winter
2003
Strategic Management Journal
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80. The Satisficing Principle in Capability Learning
Sidney Winter
2000
Strategic Management Journal
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81. Deliberate Learning and the Evolution of Dynamic Capabilities
Maurizio Zollo
2002
Organizational Science
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David Teece
2007
Strategic Management Journal
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83. Strategy Research: Governance and Competence Perspectives
Oliver Williamson
1999
Strategic Management Journal
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84. Rationality, Foolishness, and Adaptive Intelligence
James March
2006
Strategic Management Journal
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Volume 6
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Dynamic Capabilities Approach and Other Recent Developments in Strategy
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85. Absorptive Capacity: A New Perspective on Learning and Innovation
Wesley Cohen
1990
Administrative Science Quarterly
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86. Adaptation on Rugged Landscapes
Daniel Levinthal
1997
Management Science
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87. Absorptive Capacity, Coauthoring Behavior, and the Organization of Research in Drug Discovery
Iain Cockburn
1998
The Journal of Industrial Economics
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88. Exploration and Exploitation in Organizational Learning
James March
1991
Organization Science
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Barbara Levitt
1988
Ann. Rev. Social
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90. Bounded Rationality and Organizational Learning
Herbert Simon
1991
Organization Science
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91. Adaptation as Information Restriction: The Hot Stove Effect
Jerker Denrell
2001
Organization Science
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92. Structural Inertia and Organizational Change
Michael Hannan
1984
American Sociological Review
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Ron Adner
2004
Academy of Management Review
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Rebecca Henderson
1990
Administrative Science Quarterly
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95. The Red Queen in Organizational Evolution
William Barnett
1996
Strategic Management Journal
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96. Organizational Routines: A Review of the Literature
Markus Becker
2004
Industrial and Corporate Change
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Lowell Busenitz
1997
Journal of Business Venturing
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98. Corporate Entrepreneurship and Strategic Management: Insights from a Process Study
Robert Burgelman
1983
Management Science
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99. Strategic Groups: A Cognitive Perspective
Rhonda Reger
1993
Strategic Management Journal
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100. Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking
Daniel Kahneman
1993
Management Science
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Mie Augier
2004
Strategic Organization
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102. Transaction-Cost Economics in Real Time
Richard Langlois
1992
Industrial and Corporate Change
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103. Measuring Competence? Exploring Firm Effects in Pharmaceutical Research
Rebecca Henderson
1994
Strategic Management Journal
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