Alfred Chandler and “Capabilities” Theories of Strategy and Management

Posted: 26 Apr 2010

See all articles by David Teece

David Teece

Institute for Business Innovation

Date Written: April 2010


Alfred D. Chandler's scholarship on the large industrial enterprise has deepened understanding of economic development, and helped establish the field of strategic management research. Chandler’s monumental work emphasized the importance of organizational innovation, managerial acumen and business performance. A particular contribution was the support provided for a “capabilities” theory of the business enterprise. This article also looks at recent developments in industrial organization that are less well explained and appreciated in the Chandler framework.

Suggested Citation

Teece, David J., Alfred Chandler and “Capabilities” Theories of Strategy and Management (April 2010). Industrial and Corporate Change, Vol. 19, Issue 2, pp. 297-316, 2010. Available at SSRN: or

David J. Teece (Contact Author)

Institute for Business Innovation ( email )

F402 Haas School of Business, #1930
Berkeley, CA 94720-1930
United States
(510) 642-4041 (Phone)

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