The Firm: Heterogenizing Heterogeneous Resources

38 Pages Posted: 11 Aug 2013

See all articles by Per L. Bylund

Per L. Bylund

School of Entrepreneurship; Ratio Institute; Ludwig von Mises Institute

Date Written: March 2013

Abstract

This paper outlines a resource-based theory of the firm focusing on the physical reality of production, resources, and innovation. This approach differs from previous attempts to extend the resource-based view to explain the firm by identifying the drivers behind resource heterogenization, their role in and effect on the market process, and what the entrepreneurial gains from extending the divisions of labor and capital are. I find that adopting the perspective of economic productivity theory provides valuable insights into the workings of the market, the role of entrepreneurship, and the function of the firm.

Keywords: resource based view, innovation, entrepreneurship, production

Suggested Citation

Bylund, Per L., The Firm: Heterogenizing Heterogeneous Resources (March 2013). Available at SSRN: https://ssrn.com/abstract=2308076 or http://dx.doi.org/10.2139/ssrn.2308076

Per L. Bylund (Contact Author)

School of Entrepreneurship ( email )

Oklahoma State University
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United States
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HOME PAGE: http://https://business.okstate.edu/directory/bylund-per-694946.html

Ratio Institute ( email )

P.O. Box 3203
SE-103 64 Stockholm
Sweden

Ludwig von Mises Institute ( email )

Auburn, AL
United States

HOME PAGE: http://mises.org/bylund

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