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Adaptation, Specialization, and the Theory of the Firm

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  • Wernerfelt,Birger

Abstract

This invaluable book provides the foundations for a new theory of the firm, drawing on Birger Wernerfelt's landmark work on economic theory and the resource-based view of the firm. It addresses a vigorous and long-standing academic debate over what exactly a 'firm' is, both in the field of management and economics. Wernerfelt revisits his classic articles, including an extensively revised 'A Resource-Based View of the Firm' (1984), which have been updated and synthesized to provide precise and accessible concepts and predictions. By offering future directions for research and practice, this book will be of interest to students and scholars of management and economics alike.

Suggested Citation

  • Wernerfelt,Birger, 2016. "Adaptation, Specialization, and the Theory of the Firm," Cambridge Books, Cambridge University Press, number 9781107595781, September.
    • Handle: RePEc:cup:cbooks:9781107595781
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    Cited by:

    1. Abel D Alonso & Seng Kok, 2018. "A resource-based view and dynamic capabilities approach in the context of a region’s international attractiveness: The recent case of Western Australia," Local Economy, London South Bank University, vol. 33(3), pages 307-328, May.
    2. Khaled Alsaifi & Marwa Elnahass & Aly Salama, 2020. "Carbon disclosure and financial performance: UK environmental policy," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 711-726, February.
    3. Busby, J.S., 2019. "The co-evolution of competition and parasitism in the resource-based view: A risk model of product counterfeiting," European Journal of Operational Research, Elsevier, vol. 276(1), pages 300-313.
    4. Donnet, Timothy & Ryley, Tim & Lohmann, Gui & Spasojevic, Bojana, 2018. "Developing a Queensland (Australia) aviation network strategy: Lessons from three international contexts," Journal of Air Transport Management, Elsevier, vol. 73(C), pages 1-14.

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