Working Paper Series
Business Competence, Organizational Learning and Economic Growth: Establishing the Smith-Schumpeter-Wicksell (SSW) Connection
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.
Keywords: Organizational change; Economic growth; (follow links to similar papers)
JEL-Codes: L22; O40; (follow links to similar papers)
38 pages, September 1990, Revised January 1991
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