Chapter

The Chandlerian corporation and the theory of innovative enterprise

William Lazonick

in Management Innovation

Published in print March 2012 | ISBN: 9780199695683
Published online May 2012 | e-ISBN: 9780191738265 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199695683.003.0004
The Chandlerian corporation and the theory of innovative enterprise

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Through the synthesis of business history into a coherent and powerful analytical framework, Alfred Chandler made an enduring intellectual contribution to the social sciences. This chapter outlines the implications of Chandler’s perspective for the theory of innovative enterprise, embeds that theory in the “social conditions of innovative enterprise” analytical framework, demonstrates the illogic of the neoclassical “monopoly model,” and contends that the analysis of the dynamics and performance of industrial capitalism require a methodology that integrates theory and history.

Keywords: innovative enterprise; strategic control; organizational integration; financial commitment

Chapter.  13828 words.  Illustrated.

Subjects: Innovation

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