Description

Drawing out the underlying economics in business history, this text focuses on learning processes and the development of competitively valuable asymmetries. The essays show that organizations, like people, learn that this process can be organized more or less effectively, which can have major implications for how competition works. The first three essays in this volume explore techniques firms have used to both manage information to create valuable asymmetries and to otherwise suppress unwelcome competition. The next three focus on the ways in which firms have built special capabilities over time, capabilities that have been both sources of competitive advantage and resistance to new opportunities. The last two extend the notion of learning from the level of firms to that of nations. The collection as a whole builds on the previous two volumes to make the connection between information structure and product market outcomes in business history.

Learning by Doing in Markets, Firms, and Countries

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Paperback / softback by Naomi R. Lamoreaux , Daniel M. G. Raff

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Drawing out the underlying economics in business history, this text focuses on learning processes and the development of competitively valuable... Read more

    Publisher: The University of Chicago Press
    Publication Date: 01/02/1999
    ISBN13: 9780226468341, 978-0226468341
    ISBN10: 0226468348

    Number of Pages: 356

    Non Fiction , Business, Finance & Law

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    Description

    Drawing out the underlying economics in business history, this text focuses on learning processes and the development of competitively valuable asymmetries. The essays show that organizations, like people, learn that this process can be organized more or less effectively, which can have major implications for how competition works. The first three essays in this volume explore techniques firms have used to both manage information to create valuable asymmetries and to otherwise suppress unwelcome competition. The next three focus on the ways in which firms have built special capabilities over time, capabilities that have been both sources of competitive advantage and resistance to new opportunities. The last two extend the notion of learning from the level of firms to that of nations. The collection as a whole builds on the previous two volumes to make the connection between information structure and product market outcomes in business history.

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