Addressing path dependency in the capabilities approach : historicism and foresight meet on the road less travelled
Masrani, Swapnesh K. and McKiernan, Peter; Constanzo, Laura Anna and Mackay, Robert Bradley, eds. (2009) Addressing path dependency in the capabilities approach : historicism and foresight meet on the road less travelled. In: Handbook of Research on Strategy and Foresight. Edward Elgar, Cheltenham, UK, pp. 485-505. ISBN 978-1-84542-963-8
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Abstract
The chapter challenges the commonly held notion in the capabilities approach, arising out of over emphasis on path dependency, that capability development follows a single path dependent route, which is determined positively by interrelatedness among existing technologies. It queries the fascination especially within the empirical literature with examining a single, successful choice. The chapter argues, like Penrose (1959) and Hamel and Prahalad (1994), that a firm seldom considers only one strategic capability development route. Often, a route is chosen from a bounded option set, anchored by the ‘do- nothing’ default. This is supported by empirical case evidence, which also suggests that, in some instances, technological interrelatedness is not a major factor influencing the development of capabilities from the available options.
ORCID iDs
Masrani, Swapnesh K. and McKiernan, Peter ORCID: https://orcid.org/0000-0002-0205-9124; Constanzo, Laura Anna and Mackay, Robert Bradley-
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Item type: Book Section ID code: 64005 Dates: DateEvent31 March 2009PublishedNotes: This is a draft chapter. The final version is available in the Handbook of Research on Strategy and Foresight edited by L.A. Constanzo and R.B. MacKay, published in 2009, Edward Elgar Publishing Ltd. The material cannot be used for any other purpose without further permission of the publisher, and is for private use only. Subjects: Social Sciences > Industries. Land use. Labor > Management. Industrial Management Department: Strathclyde Business School > Strategy and Organisation Depositing user: Pure Administrator Date deposited: 11 May 2018 12:25 Last modified: 27 Sep 2024 00:32 Related URLs: URI: https://strathprints.strath.ac.uk/id/eprint/64005