IDEAS home Printed from https://ideas.repec.org/a/now/jnlsmr/111.00000044.html
   My bibliography  Save this article

Strategy Dynamics and the Theory of the Firm: Homage to Richard Rumelt

Author

Listed:
  • David J. Teece

Abstract

Richard Rumelt helped pioneer many key ideas in the field of strategic management, including how the ownership of unique bundles of resources determines competitive outcomes, how isolating mechanisms protect rent streams, and how entrepreneurship drives the firm's choices of markets and resources. He chose not to build these insights into an integrated framework. However, his perspective on strategy and his emphasis on coherent actions for the firm are complementary to and connected with the concept of organizational capabilities. The dynamic capabilities framework builds on Rumelt's work and can serve as a basis for advancing the strategic theory of the firm on which Rumelt began work in the 1980s.

Suggested Citation

  • David J. Teece, 2022. "Strategy Dynamics and the Theory of the Firm: Homage to Richard Rumelt," Strategic Management Review, now publishers, vol. 3(2), pages 265-294, July.
    • Handle: RePEc:now:jnlsmr:111.00000044
    DOI: 10.1561/111.00000044
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1561/111.00000044
    Download Restriction: no
    File URL: https://libkey.io/10.1561/111.00000044?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
    ---><---

    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:now:jnlsmr:111.00000044. 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: Lucy Wiseman (email available below). General contact details of provider: http://www.nowpublishers.com/ .

    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.