2013•Voprosy EkonomikiRequires access

Theory of the Firm and Strategic Management

Maxim Storchevoy

Abstract

M. Storchevoy. Theory of the Firm and Strategic Management The paper considers the approaches to the theory of the firm developed by strategic management scholars: positioning theory, resource-based view, dynamic capabilities approach, knowledge-based view, strategic theory of the firm, as well as open innovations theory. The author shows how the ideas of these scholars correspond to the economic theory of the firm and demonstrates that there is little ground for existence of an autonomous “strategic theory of the firm”, but some concepts from strategic management literature may expand and enrich the economic theory of the firm.

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Key concepts: Theory of the firm, Strategic management, Strategic Choice Theory, Strategic financial management, Management theory, Business, Competence-based management, Resource (disambiguation)