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

By Birger Wernerfelt

This valuable publication offers the principles for a brand new thought of the company, drawing on Birger Wernerfelt's landmark paintings on fiscal idea and the resource-based view of the company. It addresses a lively 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 broadly revised 'A Resource-Based View of the enterprise' (1984), which were up-to-date and synthesized to supply detailed and available recommendations and predictions. through delivering destiny instructions for study and perform, this publication may be of curiosity to scholars and students of administration and economics alike.

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