The competence-based theory should be incorporated into economics based on evolutionary perspective in order that economic theory can be said to be important in the field of the study of the competitive strategy of firm. The competence-based theory an...
The competence-based theory should be incorporated into economics based on evolutionary perspective in order that economic theory can be said to be important in the field of the study of the competitive strategy of firm. The competence-based theory analyzes the competitive strategy of firm in the view of endogenous growth and the sustainable competitive advantage. And since the evolutionary theory of the firm regards firms as historical entities, it can explain heterogeneity among the firms and the learning process. That is, we can explain the process of the productive competences and the creation and the maintenance of the competitive advantages through the synthesis of competence-based perspective and evolutionary perspective. In this view the strategic challenge of firms can be understood as the balance between static and dynamic efficiency.