TMF Workshop Session 4 1

Penrose

• problematize ‘resource’

• knowledge (D, M, P)

• learning, judging• time

Nov-27-2012

TMF Workshop Session 4 2

• RBV

• dynamic capabilities

objective

subjective

Nov-27-2012

resources

bodies of knowledge

imagination

TMF Workshop Session 4 3

evolutionary

• firm as organism• organizational routines• Schumpeter’s evolving

economy

Nov-27-2012

TMF Workshop Session 4 4

s-a-p

Nov-27-2012

• inside the black box• process• individuals, organizations,

institutions• power• emergence• historical methods• case-writing

TMF Workshop Session 4 5

micro economic theory - judgments

• things - resources • people as rational actors• rational man failures, contracts

• people as bodies of knowledge• learning, imagination• surprise, value-creation• persuasion

Nov-27-2012

• value chain• team production• PAT• TCE & PRT• Penrose

TMF Workshop Session 4 6

what do we do now ?

• no consulting or academic models ‘work’

• awareness of managerial judgment’s place

• desperately seeking surprise• opportunity space construction• towards the TMF - finally

Nov-27-2012