The Theory-Based View: Economic Actors as Theorists

Published Online:https://doi.org/10.1287/stsc.2017.0048

References

  • Ahuja G, Lampert CM (2001) Entrepreneurship in the large corporation: A longitudinal study of how established firms create breakthrough inventions. Strategic Management J. 22(6–7):521–543.CrossrefGoogle Scholar
  • Akerlof GA (1970) The market for “Lemons”: Quality uncertainty and the market mechanism. Quart. J. Econom. 84(3):488–500.CrossrefGoogle Scholar
  • Akerlof GA, Yellen JL (1985) Can small deviations from rationality make significant differences in economic equilibria? Amer. Econom. Rev. 75(4):708–720.Google Scholar
  • Alchian AA (1950) Uncertainty, evolution, and economic theory. J. Political Econom. 58(3):211–221.CrossrefGoogle Scholar
  • Argyres NS, Zenger TR (2012) Capabilities, transaction costs, and firm boundaries. Organ. Sci. 23(6):1643–1657.LinkGoogle Scholar
  • Arnheim R (1966) Towards a Psychology of Art (University of California Press, Berkeley, CA).Google Scholar
  • Arrow KJ (1974) The Limits of Organization (Norton, New York).Google Scholar
  • Artinger F, Petersen M, Gigerenzer G, Weibler J (2015) Heuristics as adaptive decision strategies in management. J. Organ. Behav. 36(S1):S33–S52.CrossrefGoogle Scholar
  • Attneave F (1954) Some informational aspects of visual perception. Psych. Rev. 61(3):183–193.CrossrefGoogle Scholar
  • Ball L, Mankiw NG, Romer D (1988) The new Keynesian economics and the output-inflation trade-off. Brookings Papers Econom. Activity 19(1:1–82.Google Scholar
  • Barney JB (1986) Strategic factor markets: Expectations, luck, and business strategy. Management Sci. 32(10):1231–1241.LinkGoogle Scholar
  • Bell J (1990) Against “measurement.” Phys. World 3(8):33–41.CrossrefGoogle Scholar
  • Benner MJ, Zenger T (2016) The lemons problem in markets for strategy. Strategy Sci. 1(2):71–89.LinkGoogle Scholar
  • Bingham CB, Eisenhardt KM (2011) Rational heuristics: The “simple rules” that strategists learn from process experience. Strategic Management J. 32(13):1437–1464.CrossrefGoogle Scholar
  • Bromiley P (2005) The Behavioral Foundations of Strategic Management (Blackwell, Oxford, UK).Google Scholar
  • Burkhardt RW (2005) Patterns of Behavior: Konrad Lorenz, Niko Tinbergen, and the Founding of Ethology (University of Chicago Press, Chicago).Google Scholar
  • Camuffo A, Cordova A, Gambardella A (2017) A scientific approach to entrepreneurial decision making: Evidence from a randomized control trial. Bocconi University working paper, Milan, Italy.Google Scholar
  • Carnabuci G, Operti E (2013) Where do firms’ recombinant capabilities come from? Intraorganizational networks, knowledge, and firms’ ability to innovate through technological recombination. Strategic Management J. 34(13):1591–1613.CrossrefGoogle Scholar
  • Chater N, Felin T, Funder DC, Gigerenzer G, Koenderink JJ, Krueger JI, Noble Det al. (2017) Mind, rationality, and cognition: An interdisciplinary debate. Psychonomic Bull. Rev., ePub ahead of print July 25, https://doi.org/.3758/s13423-017-1333-5.CrossrefGoogle Scholar
  • Chomsky N (1966) Cartesian Linguistics: A Chapter in the History of Rationalist Thought (Harper & Row, New York).Google Scholar
  • Coff RW (2010) The coevolution of rent appropriation and capability development. Strategic Management J. 31(7):711–733.CrossrefGoogle Scholar
  • Conlisk J (1996) Bounded rationality and market fluctuations. J. Econom. Behav. Organ. 29(2):233–250.CrossrefGoogle Scholar
  • Darwin C (1861) On the Origin of Species (John Murray, London).Google Scholar
  • Dearborn DC, Simon HA (1958) Selective perception: A note on the departmental identifications of executives. Sociometry 21(2): 140–144.CrossrefGoogle Scholar
  • Demsetz H (1988) The theory of the firm revisited. J. Law, Econom., Organ. 4(1):141–161Google Scholar
  • Denrell J, Fang C, Winter SG (2003) The economics of strategic opportunity. Strategic Management J. 24(10):977–990.CrossrefGoogle Scholar
  • Dierickx I, Cool K (1989) Asset stock accumulation and the sustainability of competitive advantage: Reply. Management Sci. 35(12): 1514.LinkGoogle Scholar
  • Drucker PF (1994) The theory of business. Harvard Bus. Rev. 75(5): 95–104.Google Scholar
  • Felin T (2016) When strategy walks out the door. MIT Sloan Management Rev. 58(1):95–96.Google Scholar
  • Felin T, Zenger TR (2009) Entrepreneurs as theorists: On the origins of collective beliefs and novel strategies. Strategic Entrepreneurship J. 3(2):127–146.CrossrefGoogle Scholar
  • Felin T, Zenger TR (2014) Closed or open innovation? Problem solving and the governance choice. Res. Policy 43(5):914–925.CrossrefGoogle Scholar
  • Felin T, Zenger TR (2016) Strategy, problems, and a theory for the firm. Organ. Sci. 27(1):222–231.LinkGoogle Scholar
  • Felin T, Zenger TR (2017) What sets breakthrough strategies apart. MIT Sloan Management Rev. Forthcoming.Google Scholar
  • Felin T, Koenderink J, Krueger JI (2017) Rationality, perception, and the all-seeing eye. Psychonomic Bull. Rev. 24(4):1040–1059.CrossrefGoogle Scholar
  • Felin T, Kauffman S, Mastrogiorgio A, Mastrogiorgio M(2016) Factor markets, actors, and affordances. Indust. Corporate Change 25(1): 133–147.CrossrefGoogle Scholar
  • Frank RH, Bernanke B (2006) Principles of Macroeconomics (McGraw-Hill Higher Education, New York).Google Scholar
  • Gary MS, Wood RE (2011) Mental models, decision rules, and performance heterogeneity. Strategic Management J. 32(6):569–594.CrossrefGoogle Scholar
  • Gavetti G (2012) Toward a behavioral theory of strategy. Organ. Sci. 23(1):267–285.LinkGoogle Scholar
  • Gavetti G, Levinthal D (2000) Looking forward and looking backward: Cognitive and experiential search. Admin. Sci. Quart. 45(1):113–137.CrossrefGoogle Scholar
  • Gavetti G, Levinthal D, Ocasio W (2007) Perspective—Neo-Carnegie: The Carnegie School’s past, present, and reconstructing for the future. Organ. Sci. 18(3):523–536.LinkGoogle Scholar
  • Geisler WS (2011) Contributions of ideal observer theory to vision research. Vision Res. 51(7):771–781.CrossrefGoogle Scholar
  • Gershman SJ, Horvitz EJ, Tenenbaum JB (2015) Computational rationality: A converging paradigm for intelligence in brains, minds and machines. Science 349(6245):273–278.CrossrefGoogle Scholar
  • Gibson JJ (2015) The Ecological Approach to Visual Perception (Psychology Press, New York).Google Scholar
  • Gigerenzer G, Gaissmaier W (2011) Heuristic decision making. Annual Rev. Psych. 62(1):451–482.CrossrefGoogle Scholar
  • Gombrich E (1960) Art and Illusion: A Study in the Psychology of Pictorial Representation (Princeton University Press, Princeton, NJ).Google Scholar
  • Gregory RL (1980) Perceptions as hypotheses. Philos. Trans. Roy. Soc. B 290(1038):181–197.CrossrefGoogle Scholar
  • Gregory RL (2005) The Medawar Lecture 2001 Knowledge for vision: Vision for knowledge. Philos. Trans. Roy. Soc. B: Biol. Sci. 360(1458):1231–1251.CrossrefGoogle Scholar
  • Hayek F (1945) The use of knowledge in society. Amer. Econom. Rev. 35(4):519–530.Google Scholar
  • Hirschman A (1970). Exit, Voice, and Loyalty (Harvard University Press, Cambridge, MA).Google Scholar
  • Isaacson W (2011) Steve Jobs (Simon and Schuster, New York).Google Scholar
  • James W (1890) The Principles of Psychology (Henry Holt & Co., New York).CrossrefGoogle Scholar
  • Joseph J, Wilson AJ (2017) The growth of the firm: An attention-based view. Strategic Management J. Forthcoming.CrossrefGoogle Scholar
  • Kahneman D (2003) Maps of bounded rationality: Psychology for behavioral economics. Amer. Econom. Rev. 93(5):1449–1475.CrossrefGoogle Scholar
  • Kauffman SA (2010) Reinventing the Sacred: A New View of Science, Reason, and Religion (Basic Books, New York).Google Scholar
  • Kauffman S (2016) Humanity in a Creative Universe (Oxford University Press, Oxford, UK).Google Scholar
  • King BG, Felin T, Whetten DA (2010) Perspective—Finding the organization in organizational theory: A meta-theory of the organization as a social actor. Organ. Sci. 21(1):290–305.LinkGoogle Scholar
  • Kirzner IM (1997) Entrepreneurial discovery and the competitive market process: An Austrian approach. J. Econom. Lit. 35(1):60–85.Google Scholar
  • Kitcher P (1982) Abusing Science (MIT Press, Cambridge, MA).Google Scholar
  • Koenderink JJ (2012) Geometry of imaginary spaces. J. Physiology-Paris 106(5–6):173–182.CrossrefGoogle Scholar
  • Kogut B, Zander U (1996) What firms do? Coordination, identity, and learning. Organ. Sci. 7(5):502–518.LinkGoogle Scholar
  • Leiblein MJ (2011) What do resource- and capability-based theories propose? J. Management 37(4):909–932.CrossrefGoogle Scholar
  • Levinthal DA (2011) A behavioral approach to strategy—what’s the alternative? Strategic Management J. 32(13):1517–1523.CrossrefGoogle Scholar
  • Lewin K (1943) Psychology and the process of group living. J. Soc. Psych. 17(1):113–131.CrossrefGoogle Scholar
  • Litov LP, Moreton P, Zenger TR (2012) Corporate strategy, analyst coverage, and the uniqueness paradox. Management Sci. 58(10): 1797–1815.LinkGoogle Scholar
  • McKeon R (1941) The Basic Works of Aristotle (Random House, New York).Google Scholar
  • Nickerson JA, Zenger TR (2004) A knowledge-based theory of the firm—The problem-solving perspective. Organ. Sci. 15(6): 617–632.LinkGoogle Scholar
  • Ocasio W, Joseph J (2017) The attention-based view of great strategies. Strategy Sci. Forthcoming.Google Scholar
  • Panofsky E (1955) Meaning in the Visual Arts (Doubleday, Garden City, NY).Google Scholar
  • Peirce CS (1957) The logic of abduction. Tomas V, ed. Peirce’s Essays in the Philosophy of Science (Liberal Arts Press, New York), 195–205.Google Scholar
  • Penrose E (1952) Biological analogies in the theory of the firm. Amer. Econom. Rev. 42(5):804–819.Google Scholar
  • Polanyi M (1957) Problem solving. The British J. Philos. Sci. VIII(30): 89–103.CrossrefGoogle Scholar
  • Polanyi M (1974) Genius in science. Cohen RS, Wartofsky MW, eds. Methodological and Historical Essays in the Natural and Social Science. Boston Studies in the Philosophy of Science, Vol. 14 (Springer, Dordrecht), 57–71.CrossrefGoogle Scholar
  • Popper KR (1967) Objective Knowledge: An Evolutionary Approach (Clarendon Press, Oxford, UK).Google Scholar
  • Popper KR (1969) Conjectures and Refutations: The Growth of Scientific Knowledge, 3rd ed. revised (Routledge & Kegan Paul,London).Google Scholar
  • Porter ME (1996) On Competition (Harvard Business School Press, Boston).Google Scholar
  • Powell TC, Lovallo D, Fox CR (2011) Behavioral strategy. Strategic Management J. 32(13):1369–1386.CrossrefGoogle Scholar
  • Rivkin JW (2000) Imitation of complex strategies. Management Sci. 46(6):824–844.LinkGoogle Scholar
  • Rolling JM (1998) No protection, no progress for graphical user interfaces. Marquette Intellectual Property Rev. 2(1):157–194.Google Scholar
  • Rosenkopf L, Nerkar A (2001) Beyond local search: Boundary-spanning, exploration, and impact in the optical disk industry. Strategic Management J. 22(4):287–306.CrossrefGoogle Scholar
  • Rothschild E (2013) Economic Sentiments: Adam Smith, Condorcet, and the Enlightenment (Harvard University Press, Cambridge, MA).CrossrefGoogle Scholar
  • Sibony O, Lovallo D, Powell TC (2017) Behavioral strategy and the strategic decision architecture of the firm. California Management Rev. 59(3):5–21.CrossrefGoogle Scholar
  • Simon H (1947) Administrative Behavior (Macmillan, New York).Google Scholar
  • Simon H (1956) Rational choice and the structure of the environment. Psych. Rev. 63(2):129–138.CrossrefGoogle Scholar
  • Simon HA (1979) Rational decision making in business organizations. Amer. Econom. Rev. 69(4):493–513.Google Scholar
  • Simon HA (1955) A behavioral model of rational choice. Quart. J. Econom. 69(1):99–118.CrossrefGoogle Scholar
  • Simon HA (1996) Models of My Life (MIT Press, Cambridge, MA).Google Scholar
  • Simons DJ, Chabris CF (1999) Gorillas in our midst: Sustained inattentional blindness for dynamic events. Perception 28(9): 1059–1074.CrossrefGoogle Scholar
  • Sito T (2013) Moving Innovation: A History of Computer Animation (MIT Press, Cambridge, MA).Google Scholar
  • Smith A (1822) The Theory of Moral Sentiments (J. Richardson and Co., London)Google Scholar
  • Spelke ES, Breinlinger K, Macomber J, Jacobson K (1992) Origins of knowledge. Psych. Rev. 99(4):605–632.CrossrefGoogle Scholar
  • Van den Steen E (2010) Interpersonal authority in a theory of the firm. Amer. Econom. Rev. 100(1):466–490.CrossrefGoogle Scholar
  • Tabachneck-Schijf HJ, Leonardo AM, Simon HA (1997) CaMeRa: A computational model of multiple representations. Cognitive Sci. 21(3):305–350.CrossrefGoogle Scholar
  • Thaler R (2016) Misbehaving: The Making of Behavioral Economics (Allen Lane, New York).Google Scholar
  • Thiel P (2014) Zero to One (Random House, New York).Google Scholar
  • Tinbergen N (1963) On aims and methods of ethology. Zeitschrift fur Tierpsychologie 20:410–433.CrossrefGoogle Scholar
  • Uexkull J (2010) A Foray Into the World of Animals and Humans: With a Theory of Meaning (University of Minnesota Press, Minneapolis).Google Scholar
  • Winter SG (2017) Pursuing the evolutionary agenda in economics and management research. Cambridge J. Econom. 41(3):721–747.CrossrefGoogle Scholar
  • Zenger T (2013) What is the theory of your firm? Harvard Bus. Rev. 91(6):72–78.Google Scholar
  • Zenger TR (2013) What is the theory of your firm? Harvard Bus. Rev. (June):73–78.Google Scholar
  • Zenger TR, Felin T, Bigelow L (2011) Theories of the firm–market boundary. Acad. Management Ann. 5(1):89–133.CrossrefGoogle Scholar
  • Zuckerman EW (1999) The categorical imperative: Securities analysts and the illegitimacy discount. Amer. J. Sociol. 104(5):1398–1438.CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.