Introduction

Deborah E. Lange

A chapter in Cliques and Capitalism, 2011, pp 1-4 from Palgrave Macmillan

Abstract: Abstract The main purpose of this book is to develop a theory of the American corporate system as a contribution to strategy and organizations theory; this book is primarily intended to develop a theory of the firm that reflects the American firm as it exists in recent times and then to design an improved sustainable model for future consideration. Thus, the book begins with a review of strategy and organizations’ theories of the firm so that it is clear where we are today in theory building. I build upon this base and suggest a new approach, the building block model, and a new view of the American firm. The revised theory allows me to identify the flaws in this firm model that result in repeated crises and instability, including the recent financial crisis. This model is also an illustration of a building block approach to theory building in the field of strategy and organizations; specifically, this is a new approach to building a theory of the firm that allows for variations of it that make it fit different contexts by applying combinations of our various existing theories.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-01619-5_1

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DOI: 10.1057/9781137016195_1

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