Introduction: Economics Meets Sociology in Strategic Management

Advances in Strategic Management, Volume 17 (Forthcoming)

26 Pages Posted: 21 Mar 2014

See all articles by Frank Dobbin

Frank Dobbin

Harvard University - Department of Sociology

Joel A. C. Baum

University of Toronto - Joseph L. Rotman School of Management

Date Written: March 20, 2014

Abstract

Why do firms do what they do? Why does one cut prices while its neighbor buys out competitors? Why does one diversify into new industries while its neighbor spins off subsidiaries to focus on its core competence? Why do some strategies rise while others fall? These are central concerns of both strategic management theorists and economic sociologists. We bring the two fields together to discuss their approaches to these questions with the goal of encouraging dialogue and cross-fertilization. Each field provides a snapshot of firm behavior from a particular vantage point. When these snapshots are integrated, something closer to a three-dimensional view of the firm appears.

Suggested Citation

Dobbin, Frank and Baum, Joel A.C., Introduction: Economics Meets Sociology in Strategic Management (March 20, 2014). Advances in Strategic Management, Volume 17 (Forthcoming). Available at SSRN: https://ssrn.com/abstract=2412070 or http://dx.doi.org/10.2139/ssrn.2412070

Frank Dobbin (Contact Author)

Harvard University - Department of Sociology ( email )

33 Kirkland Street
Cambridge, MA 02138
United States

Joel A.C. Baum

University of Toronto - Joseph L. Rotman School of Management ( email )

University of Toronto
105 St. George Street
Toronto, ON, M5S 3E6
Canada
416-978-4914 (Phone)
416-978-4629 (Fax)

HOME PAGE: http://www.rotman.utoronto.ca/~baum

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