The Dynamic Firm: The Role of Technology, Strategy, Organization, and Regions

The Dynamic Firm: The Role of Technology, Strategy, Organization, and Regions

The Dynamic Firm: The Role of Technology, Strategy, Organization, and Regions

The Dynamic Firm: The Role of Technology, Strategy, Organization, and Regions


Business Strategy is becoming increasingly 'pluralist', drawing on the insights of different disciplines, and business practice in different parts of the world. This book brings together the work and ideas of leading international scholars working in the field under three main headings:Technology, Strategy and Organization, and Regions. The purpose of the book is to exploreDSfrom different perspectivesDSthe dynamic interplay between the technology of a firm; its strategies; organizational choices; and issues of place, region, and location. The contributors are Peter Hagstrom, Alfred Chandler, Takahiro Fujimoto, Richard Nelson, Nathan Rosenberg, Erik von Hippel, Cristiano Antonelli, Giovanni Dosi, Benjamin Coriat, David Teece, Gunnar Hedlund, Pari Patel, Keith Pavitt, Ikujiro Nonaka, Hirotaka Takeuchi, Lars-Gunnar Mattsson, JohnCantwell, John Dunning, Michael Enright, Masahisa Fujita, Ryoichi Ishii, Allen Scott, Orjan Solvell, Ivo Zander, J.-C. Spender, and Michael Porter. Together they address the challenge of explaining the long-run competitiveness of firms in an ever more global world. This book will be a benchmark for anybody wanting to keep abreast of leading-edge, strategic thinking.


This is an edited volume of the revised papers that originally were presented at the Third Prince Bertil Symposium on the Dynamic Firm in Stockholm, June 1994. the symposium was organized by Professors Alfred D. Chandler, Jr., Peter Hagström and Michael E. Porter of the Harvard Business School, Paul Krugman of the Massachusetts Institute of Technology, and Gunnar Hedlund and Örjan Sölvell of the Institute of International Business, iib. the practical arrangements were assumed by iib at the Stockholm School of Economics.

A small number of scholars drawn from different disciplines were invited to present their thoughts on different approaches on the evolution of the firm. the main thrust of the symposium was to approach the firm from either a technological, strategic/organizational or geographical vantage point. the objective was to stimulate a creative discussion in order to take the first steps towards bridging these perspectives. the concluding session on the Dynamic Firm with Professors Alfred Chandler, Paul Krugman, Richard Nelson, Michael Porter and Nathan Rosenberg as panelists was particularly provocative, generating new insights on and ideas for an emerging research agenda.

The structure of the book reflects the three themes of the symposium, and the included papers have benefited from the input from designated reviewers and the ensuing exceedingly lively debate. Contrary to tradition, each paper was presented by the discussant and the author's role was relegated to that of participant, but with the right of first reply to the presentations.

We hope that this book will trigger challenging new cross-disciplinary research regarding dynamic aspects of the firm: a topic hitherto under-researched and not well understood. the ambition to foster “transdisciplinary” research fits well with IIB's overall aim and scope, and owes much to Gunnar Hedlund who, very sadly, passed away in April 1997.

Editorial and practical assistance by Ms Vanja Ekberg and Mr Niclas Lilja, both of iib, and by Mr John Callow, are gratefully acknowledged.

Finally, we would like to thank the Prince Bertil Foundation for providing financial support for the symposium.

Stockholm and Boston

April 1997

Alfred D. Chandler, Jr.

Peter Hagström

Örjan Sölvell . . .

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