Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/94902 
Year of Publication: 
1990
Series/Report no.: 
IUI Working Paper No. 264
Publisher: 
The Research Institute of Industrial Economics (IUI), Stockholm
Abstract: 
The firm is defined in terms of its financial objectives, achieved through human-based organizational competence, conferring scale economies on all other factors. Competence is developed through organizational learning, jointly produced with the value added of the firm, largely manifesting itself in organizational change. Such learning draws considerable resources, partly through mistakes and is subjected to strongly diminishing returns.
Subjects: 
Organizational change
Economic growth
JEL: 
L22
O40
Document Type: 
Working Paper

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