Excerpt from Untangling the Origins of Competitive Advantage What are the origins of competitive advantage? Although this question is fundamental to strategy research, it is one to which we lack a clear answer. As strategy researchers we believe that some firms consistently outperform others, and we have some evidence consistent with this belief (Rumelt, 1991; McGahan and Porter, 1997). We also have a number of well developed theories as to why, at any given moment, it is possible for some firms (and some industries) to earn supranormal returns. As of yet, however, we have no generally accepted theory - and certainly no systematic evidence - as to the origins or the dynamics of such differences in performance. We know, for example, why high barriers to entry coupled with a differentiated product positioning obtained through unique organizational competencies may provide a firm with competitive advantage. But we know much less about how barriers to entry are built: about why this firm and not that one developed the competencies that underlie advantage, and about the dynamic process out of which competitive advantage first arises and then erodes over time. This conceptual ambiguity has always been problematic for many economists, who have tended to view persistent differences in performance as a function of "unobserved heterogeneity" (Mundlak, 1961; Gnliches, 1986).For example, empirical work in industrial organization routinely controls for "firm fixed effects." These are usually statistically significant and often account for a substantial fraction of the total variation in firm productivity or performance. Whereas strategy researchers tend to emphasize the degree to which these kinds of results offer support for the importance of "capabilities" or "positioning" (Rumelt, 1991;Henderson and Cockbum, 1994; McGahan and Porter, 1997; Lieberman and Dhawan, 2000), economists tend to emphasize the possibility that fixed effects are simply controlling for a series of much more mundane measurement problems, ranging from the difficulty of computing appropriately depreciated capital stocks and of measuring firm-specific input and output price schedules, to the problem of controlling for difficult-to-observe factors such as worker effort or worker quality. In short, the evidence which strategy researchers view as the motivation for their intellectual agenda are interpreted by many economists in terms of "nuisance" parameters - things which must be controlled for but which are not of intrinsic interest. This implicit critique has been reinforced by theoretical and empirical research in the tradition of population ecology (see for example Hannan and Freeman, 1989). In summarizing the contributions of this literature and its application to strategy, Stinchcombe (2000)charges that the preponderance of strategy scholars have simply failed to understand (and certainly to systematically account for) the implications of population dynamics for performance heterogeneity. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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"The claim that U.S. industry is in a crisis - that it stands at a turning point in its competitiveness with foreign rivals - seems on the face of it an objective description of the prevailing state of affairs. But what does "competitiveness" mean when it is used to describe an entire industry, an economy, a nation? What is the relationship between industrial competitiveness and the personal and social value placed on competition? What are the social roots of competition that have made it an enduring American value? How does the current competitiveness debate serve special interests seeking to preserve or extend their social power? The essays presented in Competitiveness and American Society, all written especially for this volume, address these and related questions. The answers they offer reveal the political character of the competitiveness debate, as well as the complexity and ambiguity of the value judgments with which competitiveness issues are entangled." "The perspectives taken by the authors range from the austerely economic, through the political and managerial, to the richly sociological. The opening essay rejects the possibility, let alone the factuality, of a national competitiveness crisis; the closing essay explicitly identifies the root causes of the crisis as national. Other essays look to relationships among culture, society, and industry in the U.S. and Japan as factors shaping America's competitiveness crisis, and the Western European response to that crisis. One essay explores mechanisms that would allow the public to play a constructive role in managerial decision-making; another explores the complications that have followed from mandating the management of resources in accordance with social values." "The common denominator of all of the essays is an engagement with the role that social value judgments play in determining the competitiveness of individual firms. For some, this role is broad and definitive; for others, it is narrowly circumscribed. Taken together, the essays in Competitiveness and American Society establish the need for wider participation in the debate over the competitiveness of U.S. industry than has been held so far. What is needed is a debate that addresses the quality of American life and the health of the industrial sector of the economy, a debate that opens for public deliberation the changes in personal and social values and institutions that will be required to shape that interdependence."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Now beyond its eleventh printing and translated into twelve languages, Michael Porter’s The Competitive Advantage of Nations has changed completely our conception of how prosperity is created and sustained in the modern global economy. Porter’s groundbreaking study of international competitiveness has shaped national policy in countries around the world. It has also transformed thinking and action in states, cities, companies, and even entire regions such as Central America. Based on research in ten leading trading nations, The Competitive Advantage of Nations offers the first theory of competitiveness based on the causes of the productivity with which companies compete. Porter shows how traditional comparative advantages such as natural resources and pools of labor have been superseded as sources of prosperity, and how broad macroeconomic accounts of competitiveness are insufficient. The book introduces Porter’s “diamond,” a whole new way to understand the competitive position of a nation (or other locations) in global competition that is now an integral part of international business thinking. Porter's concept of “clusters,” or groups of interconnected firms, suppliers, related industries, and institutions that arise in particular locations, has become a new way for companies and governments to think about economies, assess the competitive advantage of locations, and set public policy. Even before publication of the book, Porter’s theory had guided national reassessments in New Zealand and elsewhere. His ideas and personal involvement have shaped strategy in countries as diverse as the Netherlands, Portugal, Taiwan, Costa Rica, and India, and regions such as Massachusetts, California, and the Basque country. Hundreds of cluster initiatives have flourished throughout the world. In an era of intensifying global competition, this pathbreaking book on the new wealth of nations has become the standard by which all future work must be measured.

This Seventh Edition of Donald Reifer's popular, bestselling tutorial summarizes what software project managers need to know to be successful on the job. The text provides pointers and approaches to deal with the issues, challenges, and experiences that shape their thoughts and performance. To accomplish its goals, the volume explores recent advances in dissimilar fields such as management theory, acquisition management, globalization, knowledge management, licensing, motivation theory, process improvement, organization dynamics, subcontract management, and technology transfer. Software Management provides software managers at all levels of the organization with the information they need to know to develop their software engineering management strategies for now and the future. The book provides insight into management tools and techniques that work in practice. It also provides sufficient instructional materials to serve as a text for a course in software management. This new edition achieves a balance between theory and practical experience. Reifer systematically addresses the skills, knowledge, and abilities that software managers, at any level of experience, need to have to practice their profession effectively. This book contains original articles by leaders in the software management field written specifically for this tutorial, as well as a collection of applicable reprints. About forty percent of the material in this edition has been produced specifically for the tutorial. Contents: * Introduction * Life Cycle Models * Process Improvement * Project Management * Planning Fundamentals * Software Estimating * Organizing for Success * Staffing Essentials * Direction Advice * Visibility and Control * Software Risk Management * Metrics and Measurement * Acquisition Management * Emerging Management Topics "The challenges faced by software project managers are the gap between what the customers can envision and the reality on the ground and how to deal with the risks associated with this gap in delivering a product that meets requirements on time and schedule at the target costs. This tutorial hits the mark by providing project managers, practitioners, and educators with source materials on how project managers can effectively deal with this risk." -Dr. Kenneth E. Nidiffer, Systems & Software Consortium, Inc. "The volume has evolved into a solid set of foundation works for anyone trying to practice software management in a world that is increasingly dependent on software release quality, timeliness, and productivity." -Walker Royce, Vice President, IBM Software Services-Rational

The root is the organ that functions as the interface between the plant and the earth environment. Many human management practices involving crops, forests and natural vegetation also affect plant growth through the soil and roots. Understanding the morphology and function of roots from the cellular level to the level of the whole root system is required for both plant production and environmental protection. This book is at the forefront of plant root science (rhizology), catering to professional plant scientists and graduate students. It covers root development, stress physiology, ecology, and associations with microorganisms. The chapters are selected papers originally presented at the 6th Symposium of the International Society of Root Research, where plant biologists, ecologists, soil microbiologists, crop scientists, forestry scientists, and environmental scientists, among others, gathered to discuss current research results and to establish rhizology as a newly integrated research area.

The essential complement to the pathbreaking book Competitive Strategy, Michael E. Porter's Competitive Advantage explores the underpinnings of competitive advantage in the individual firm. Competitive Advantage introduces a whole new way of understanding what a firm does. Porter's groundbreaking concept of the value chain disaggregates a company into "activities," or the discrete functions or processes that represent the elemental building blocks of competitive advantage. Now an essential part of international business thinking, Competitive Advantage takes strategy from broad vision to an internally consistent configuration of activities. Its powerful framework provides the tools to understand the drivers of cost and a company's relative cost position. Porter's value chain enables managers to isolate the underlying sources of buyer value that will command a premium price, and the reasons why one product or service substitutes for another. He shows how competitive advantage lies not only in activities themselves but in the way activities relate to each other, to supplier activities, and to customer activities. Competitive Advantage also provides for the first time the tools to strategically segment an industry and rigorously assess the competitive logic of diversification. That the phrases "competitive advantage" and "sustainable competitive advantage" have become commonplace is testimony to the power of Porter's ideas. Competitive Advantage has guided countless companies, business school students, and scholars in understanding the roots of competition. Porter's work captures the extraordinary complexity of competition in a way that makes strategy both concrete and actionable.

Competition and competitiveness are roundly celebrated as public values and key indicators of a dynamic and forward-thinking society. But the headlong embrace of competitive market principles, increasingly prevalent in our neoliberal age, often obscures the enduring divisiveness of a society set up to produce winners and losers. In this inspired and thoughtfully argued book, Andrew J. Douglas turns to the later writings of W. E. B. Du Bois to reevaluate the very terms of the competitive society. Situating Du Bois in relation to the Depression-era roots of contemporary neoliberal thinking, Douglas shows that into the 1930s Du Bois ratcheted up a race-conscious indictment of capitalism and liberal democracy and posed unsettling questions about how the compulsory pull of market relations breeds unequal outcomes and underwrites the perpetuation of racial animosities. Blending historical analysis with ethical and political theory, and casting new light on several aspects of Du Bois’s thinking, this book makes a compelling case that Du Bois’s sweeping disillusionment with Western liberalism is as timely now as ever.

First Published in 1999. This is the first knowledge book in the Resources for the Knowledge-Based Economy Readers' series to link the two hot topics of knowledge and strategy. The book centers around the concept of treating organizational knowledge as a valuable strategy asset. Knowledge strategy is a natural extension of the historical development of business strategy in general. The book includes seminal articles on the subject.