Abstract
For academics and practitioners of strategic management, the study of ‘business history’ is not simply a matter of gaining an understanding of what happened in the past. Rather, in making strategic allocation decisions in the face of uncertainty, knowledge of business history is essential for developing a perspective on the path to innovative success in the future. Strategy is about change, and the objective of business strategy is to influence the process of change so that the business enterprise can generate higher quality, lower cost products than were previously available.
This entry was originally published on Palgrave Connect under ISBN 978-1-137-49190-9. The content has not been changed.
This is a preview of subscription content, log in via an institution.
References
Amatori, F., and G. Jones (eds.). 2003. Business history around the world at the end of the twentieth century. Cambridge: Cambridge University Press.
Best, M.H. 1990. The new competition: Institutions of industrial restructuring. Cambridge, MA: Harvard University Press.
Best, M.H., and E. Garnsey. 1999. Edith Penrose, 1914–1996. Economic Journal 109: 187–202.
Chandler Jr., A.D. 1962. Strategy and structure: Chapters in the history of the American industrial enterprise. Cambridge, MA: The MIT Press.
Chandler Jr., A.D. 1977. The visible hand: The managerial revolution in American Business. Cambridge, MA: Harvard University Press.
Chandler Jr., A.D. 1990. Scale and scope: The dynamics of industrial capitalism. Cambridge, MA: Belknap Press.
Chandler Jr., A.D. 2001. Inventing the electronic century: The epic story of the consumer electronic and computer industries. New York: Free Press.
Chandler Jr., A.D. 2005. Shaping the industrial century: The remarkable story of the revolution of the modern chemical and pharmaceutical industries. Cambridge, MA: Harvard University Press.
Foss, N.J. 1997. Resources, firms, and strategies: A reader in the resource-based perspective. Oxford: Oxford University Press.
Foss, N.J. 1999. Edith Penrose, economics, and strategic management. Contributions to Political Economy 18: 87–104.
Galambos, L. 1966. Business history and the theory of the growth of the firm. Explorations in Entrepreneurial History 4: 3–16.
Jones, G., and J. Zeitlin (eds.). 2008. The Oxford handbook of business history. New York: Oxford University Press.
Lazonick, W. 1994. The integration of theory and history: Methodology and ideology in Schumpeter’s economics. In Evolutionary and neo-schumpeterian approaches to economics, ed. L. Magnusson. Norwell: Kluwer Academic.
Lazonick, W. 2002a. Innovative enterprise and historical transformation. Enterprise & Society 3: 35–54.
Lazonick, W. 2002b. The US industrial corporation and the theory of the growth of the firm. In The growth of the firm: The legacy of Edith Penrose, ed. C. Pitelis. Oxford: Oxford University Press.
Lazonick, W. 2005. The innovative firm. In The Oxford handbook of innovation, ed. J. Fagerberg, D. Mowery, and R. Nelson. Oxford: Oxford University Press.
Lazonick, W. 2010. The Chandlerian corporation and the theory of innovative enterprise. Industrial and Corporate Change 19: 317–349.
Lazonick, W. 2012. Alfred Chandler’s managerial revolution: Developing and utilizing productive resources. In Management innovation: Essays in the spirit of Alfred D. Chandler, Jr, ed. W. Lazonick and D.J. Teece. Oxford: Oxford University Press.
Lazonick, W., and D.J. Teece (eds.). 2012. Management innovation: Essays in the spirit of Alfred D. Chandler, Jr. Oxford: Oxford University Press.
Machlup, F. 1967. Theories of the firm: Marginalist, behavioral, managerial. American Economic Review 57: 1–33.
Penrose, E.T. 1959. The theory of the growth of the firm. Oxford: Blackwell.
Penrose, E.T. 1960. The growth of the firm: A case study of Hercules Powder Company. Business History Review 34: 1–23.
Penrose, E. T. 1989. History, the social sciences, and economic ‘theory’, with special reference to multinational enterprise. In Historical studies in international corporate business. Cambridge: Cambridge University Press.
Pitelis, C. (ed.). 2002. The growth of the firm: The legacy of Edith Penrose. Oxford: Oxford University Press.
Schumpeter, J.A. 1954. History of economic analysis. New York: Oxford University Press.
Teece, D.J. 2009. Dynamic capabilities and strategic management. New York: Oxford University Press.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Copyright information
© 2016 The Author(s)
About this entry
Cite this entry
Lazonick, W. (2016). Business History. 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_535-1
Download citation
DOI: https://doi.org/10.1057/978-1-349-94848-2_535-1
Received:
Accepted:
Published:
Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-94848-2
eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences