Paper info: RESOURCE USE IN DIFFERENT ECONOMIC SYSTEM-A network approach
RESOURCE USE IN DIFFERENT ECONOMIC SYSTEM-A network approach
Place of Publication
The paper was published at the 24th IMP-conference in Uppsala, Sweden in 2008.
One of the classical assumptions in economics is that resources are homogenous to their character and that they are given. Several scholars in marketing (Alderson, 1965) and management (Penrose, 1959, Barney, 1986) have discussed and criticized this assumption. Also economists like Alchian and Demsetz (1972) and Williamson (1975, 1985) have approached the resource concept from a different angle than departing from the idea that resources are perfect homogeneous. Maybe the first proponent of a more sophisticated definition of resources was Hayek (1936, 1945), who tackled this topic by discussing how knowledge was created, used and diffused in different economic systems. His target was the Soviet planned economy, which at that time was only in its cradle, having been launched in the end of the 1920s by Stalin.Following the idea that resources are heterogeneous to their nature, I analyse in this paper analyse how resources are used within and between firms in different economic systems. Two theoretical schools have more than others made resource heterogeneity to their point of departure and this is the resource-based theory of the firm and the network perspective. Both these emphasize the dynamics of resource use and I focus here on two activities, planning of the use and the combining of resources, and on how knowledge is created and used for these purposes