Adaptation, Specialization, and the Theory of the Firm: by Birger Wernerfelt

By Birger Wernerfelt

This important booklet presents the rules for a brand new conception of the enterprise, drawing on Birger Wernerfelt's landmark paintings on financial idea and the resource-based view of the company. It addresses a full of life and long-standing educational debate over what precisely a 'firm' is, either within the box of administration and economics. Wernerfelt revisits his vintage articles, together with an generally revised 'A Resource-Based View of the company' (1984), that have been up to date and synthesized to supply targeted and obtainable strategies and predictions. through supplying destiny instructions for study and perform, this e-book may be of curiosity to scholars and students of administration and economics alike.

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