Teorie firmy
Theory of the firm
Overview of theories in the course
Michal Jirásek

List of theories
•Resource-Based View
•Main interest: Sustainable competitive advantage (how the firm achieves above-average profits)
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•Performance Feedback Theory
•Main interest: Change making and risk taking (how the firm reacts to performance feedback)
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•Organizational Ecology
•Main interest: Survival and creation of firms (how selection forces of the environment shape firm
population)

Environment-firm interaction
Who decides on success?
Selection perspective
•Environment decides on success/failure by selection processes
•The firm is passive
Adaptation perspective
•Firm adaptation to the environment decides on success/failure
•The firm is active

Theories and their levels
•Micro level – interest in firms‘ components (individuals, groups)
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•Meso level – interest in individual firms
•Resource-Based View
•Performance Feedback Theory
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•Macro level – interest in populations of firms
•Organizational Ecology