European and North American origins of competitive advantage

Thomas C. Powell · Noushi Rahman · William H. Starbuck

14 citations0/0 files storedAdvances in strategic management

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Management Theory and Practice Economic Theory and Institutions Management and Organizational Studies

Abstract

This chapter explores the origins of the theme of competitive advantage in 19th and early 20th century economics. This theme, which forms the core of modern Strategic Management, was a battleground for debates about the value of abstract theory versus observations about real-life events. Intellectual genealogies, citations, and other sources show the central roles played by the University of Vienna and Harvard University. These two institutions strongly influenced the theory of monopolistic competition as well as all three modern views of competitive advantage – the industrial as expressed by Porter, the resource-based as expressed by Penrose, and the evolutionary as expressed by Schumpeter.

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2004Firm resources and sustained competitive advantage 1997Dynamic capabilities and strategic management 1984A resource‐based view of the firm 1937The Nature of the Firm 1983Separation of Ownership and Control 1994A Dynamic Theory of Organizational Knowledge Creation 1991The Competitive Advantage of Nations 1980Competitive Strategy: Techniques for Analyzing Industries and Competitors

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