IDEAS home Printed from https://ideas.repec.org/a/bla/manchs/v69y2001i1p31-41.html
   My bibliography  Save this article

Uncertainty, Strategic Decision‐making and the Essence of the Modern Corporation: Extending Cowling and Sugden

Author

Listed:
  • Stephen P. Dunn

Abstract

This paper makes a positive contribution to Cowling and Sugden’s recent work on the theory of the firm. We focus on their novel definition of the firm as a ‘means of coordinating production from one centre of strategic decision‐making’. We extend this definition to account for the fact that strategic decision‐makers engaged in the coordination of production operate under conditions of ‘fundamental uncertainty’. The significance of such an extension is that it avoids many of the problems associated with Cowling and Sugden’s framework while reinforcing their main conclusions and providing a technical definition of the concept of strategy.

Suggested Citation

  • Stephen P. Dunn, 2001. "Uncertainty, Strategic Decision‐making and the Essence of the Modern Corporation: Extending Cowling and Sugden," Manchester School, University of Manchester, vol. 69(1), pages 31-41, January.
    • Handle: RePEc:bla:manchs:v:69:y:2001:i:1:p:31-41
    DOI: 10.1111/1467-9957.00233
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-9957.00233
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-9957.00233?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Stephen P. Dunn, 2012. "John Kenneth Galbraith and the Theory of the Firm," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 8, Edward Elgar Publishing.
    2. Stephen Dunn, 2006. "Prolegomena to a Post Keynesian health economics," Review of Social Economy, Taylor & Francis Journals, vol. 64(3), pages 273-299.
    3. Stephen Dunn, 2000. "Fundamental Uncertainty and the Firm in the Long Run," Review of Political Economy, Taylor & Francis Journals, vol. 12(4), pages 419-433.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:manchs:v:69:y:2001:i:1:p:31-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/semanuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.