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Resources and Value Creation

In: Economic Microfoundations of Strategic Management

Author

Listed:
  • Kirsten Foss

    (Norwegian School of Economics)

  • Nicolai J. Foss

    (Copenhagen Business School)

Abstract

Resources have become the preferred unit of analysis in much contemporary thinking. However, resources may be understood as clusters of property rights to the multiple attributes of resources. This view lends new insight into resource heterogeneity and the role of transaction costs in shaping value creation. Thus, the property rights approach to strategy is a natural complement to the resource-based view of strategy.

Suggested Citation

  • Kirsten Foss & Nicolai J. Foss, 2022. "Resources and Value Creation," Springer Books, in: Economic Microfoundations of Strategic Management, chapter 0, pages 99-124, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-12910-0_5
    DOI: 10.1007/978-3-031-12910-0_5
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