Why look for a mirage when you already have an oasis?
The theoretical elegance of economic theory in general has inspired many strategic management researchers to examine the possibilities of building theories of competitive strategy by applying economic principles to competitive decisions. In this paper, we argue that the integration of economic perspective is not feasible. Also, we argue that the theories built on strategic management perspectives are superior to those built on economic theory and hence we should not worry about integrating these two competing perspectives. We also point to the issues raised by these attempts at integration and point out the difficulties involved. Our arguments are supported by other researchers who have attempted to reconcile differences in various economic traditions. Hence, we ask why we should search for a mirage (though one might imagine it to be an oasis) while we are already at an oasis! Copyright © 2003 John Wiley & Sons, Ltd.
Volume (Year): 24 (2003)
Issue (Month): 4 ()
|Contact details of provider:|| Web page: http://www3.interscience.wiley.com/cgi-bin/jhome/7976|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Richard N. Langlois & Paul L. Robertson, 1996. "Stop Crying over Spilt Knowledge: A Critical Look at the Theory of Spillovers and Technical Change," Working papers 1996-06, University of Connecticut, Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:wly:mgtdec:v:24:y:2003:i:4:p:325-334. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.