Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 320099
Title Theories of the firm: competitive advantage and government policy
Author(s) Elfring, T.; Man, A.P. de
Source Technology Analysis and Strategic Management 10 (1998)3. - ISSN 0953-7325 - p. 283 - 293.
DOI https://doi.org/10.1080/09537329808524317
Department(s) Business Management & Organisation
MGS
Publication type Refereed Article in a scientific journal
Publication year 1998
Keyword(s) knowledge - capabilities - technology
Abstract To improve the effectiveness of government policy, it is necessay to develop a good picture of what a firms in a knowledge-intensive economy is and does. In this paper, we have drawn on the recent surge of books and articles on the resource- and knowledge-based theories of the firm and their implications for competitive advantage. We would like to contribute to that discussion summarizing that debate and exploring the implications for government policy. In new theories of the firm, emphasis is placed on the crucial importance of knowledge, a production factor which is not easily imitated. Exampb of government policy which are based on these new inskhts are the recognition of the importance of demanding clients, the emphasis on the unique potential of the local business environment and the stimulation of transfer of knowledge between firms and networks instead of subsidizing project for knowledge development in isolated firms. A more realistic view of business behaviour will improve the effectiveness of policy, thereby generally improving the competitive position of firms
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