Resource title

Heterogeneous Resources and the Financial Crisis - Implications of Strategic Management Theory

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Resource description

Macroeconomic theory assumes that factors of production in the economy are homogeneous andfungible. As a result, it may be ill-suited for developing policy responses to the recent financialcrisis. Theories of strategic management and organization, with their emphasis on heterogeneouslydistributed resources and capabilities, may be better positioned. Examples of where macroeconomictheory may lead policies astray, and where theories of strategic management maybe more appropriate, are provided.

Resource author

Rajshree Agarwal, Jay B. Barney, Nicolai J. Foss, Peter G. Klein

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Resource publish date

Resource language

eng

Resource content type

application/pdf

Resource resource URL

http://hdl.handle.net/10398/7906

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