A Process Approach to Corporate Coherence

28 Pages Posted: 8 Jun 1998

See all articles by Nicolai J. Foss

Nicolai J. Foss

Copenhagen Business School - Department of Strategy and Innovation

Jens Froslev Christensen

Copenhagen Business School

Date Written: May 1996

Abstract

We address the notion of "corporate coherence," recently made prominent by Teece, Rumelt, Dosi and Winter (1994). We argue that the literature is confused on the meaning of the notion (and similar notions) in a number of dimensions. Drawing on insights from market-process theories, we put forward a dynamic understanding of corporate coherence as involving the corporate capacity to strike a favorable balance between the production and the exploitation of new knowledge. This argument is elaborated drawing on Austrian, evolutionary and post-Marshallian economics.

JEL Classification: D2, D83

Suggested Citation

Foss, Nicolai J. and Christensen, Jens Froslev, A Process Approach to Corporate Coherence (May 1996). Available at SSRN: https://ssrn.com/abstract=70888 or http://dx.doi.org/10.2139/ssrn.70888

Nicolai J. Foss (Contact Author)

Copenhagen Business School - Department of Strategy and Innovation ( email )

Kilen
Frederiksberg, 2000
Denmark

Jens Froslev Christensen

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

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