Capabilities and Coherence in Firms and Markets
Capabilities and Coherence in Firms and Markets
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公司和市场的能力和一致性
DOI:
10.1007/978-1-4615-2201-0_4
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发表时间:
1995
期刊:
影响因子:
--
通讯作者:
R. Langlois
中科院分区:
文献类型:
--
作者:
R. Langlois
This volume seeks to open a dialogue between the evolutionary approach to economics and the resource-based approach to strategy. Despite their differences in intellectual origin and explanatory purpose, these two intellectual strands intertwine for a considerable distance. Rather than attempt a detailed comparison, however, this chapter tries to illuminate the overlap by examining one particular issue of common interest: the nature of" coherence" in economic organization. As Foss, Knudsen, and Montgomery noted in their introductory chapter, coherence has to do with whatever it is" that fundamentally distinguishes the viable firm as a historical entity, rather than just an arbitrary collection of businesses held together by the thin glue of transaction-cost minimization"(p. 13). Indeed, evolutionary economics and resource-based thinking in strategy raise common issues that reanimate an old and fundamental debate in the economics of organization: What exactly is a firm, anyway? And what is it that makes a firm different from a market? As I will suggest