Alfred Chandler and “capabilities” theories of strategy and management

David J. Teece

in Management Innovation

Published in print March 2012 | ISBN: 9780199695683
Published online May 2012 | e-ISBN: 9780191738265 | DOI:
Alfred Chandler and “capabilities” theories of strategy and management

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Alfred D. Chandler’s scholarship on the large industrial enterprise has deepened understanding of economic development, and helped establish the field of strategic management research. Chandler’s monumental work emphasized the importance of organizational innovation, managerial acumen, and business performance. A particular contribution was the support provided for a “capabilities” theory of the business enterprise. This chapter also looks at recent developments in industrial organization that are less well explained and appreciated in the Chandler framework.

Keywords: Alfred Chandler; organizational capabilities; strategic management; organizational innovation; vertical integration; financialization

Chapter.  8306 words. 

Subjects: Innovation

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