Growth and Employment in Europe: Sustainability and Competitiveness, Department of Economics, WU (Wirtschaftsuniversität Wien)
No 46:
The evolutionary theory of the firm: Routines, complexity and change
Werner Hölzl ()
Abstract: This paper provides an overview on the evolutionary theory
of the firm. The specific feature of the evolutionary approach is that it
explains the adaptive behaviors of firms through the tension between
innovation and selection. It is suggested that the evolutionary theory can
provide a useful basis for a theory of the firm which is concerned with
change over time and development.
Keywords: theory of the firm, complexity, routines, change of routines; (follow links to similar papers)
February 2005
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