The evolutionary theory of the firm. Routines, complexity and change.

Werner Hölzl

Publikation: Working/Discussion PaperWU Working Paper

165 Downloads (Pure)

Abstract

This paper provides an overview on the evolutionary theory of the firm. The specific feature of the evolutionary approach is that it explains the adaptive behaviors of firms through the tension between innovation and selection. It is suggested that the evolutionary theory can provide a useful basis for a theory of the firm which is concerned with change over time and development. (author's abstract)

Publikationsreihe

ReiheWorking Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"
Nummer46

WU Working Paper Reihe

  • Working Papers Series \ Growth and Employment in Europe Sustainability and Competitiveness

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