Abstract
In this entry the contemporary scientific usage of the selection concept is explained and a formal definition provided. This concept of selection covers both selection processes taking place in markets and inside the firm. It also covers all known forms of selection in nature. The concept of selection is elaborated with an emphasis on selection processes in strategy research. Strategy research typically views selection as an error-prone adaptive process that operates on multiple levels of organization. Industry-wide selection processes trickle down and influence firm-level expansion and contraction of particular resources and capabilities. These processes do not reliably discover optima.
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Knudsen, T. (2016). Natural Selection. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_393-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_393-1
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