Invited Editorial: The Four Theories of Profit and Their Joint Effects

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Information Technology and Business-Level Strategy: Toward an Integrated Theoretical Perspective (2013, background): “…evolved fairly recently, but trace their roots back to Ricardo's (1817) arguments on resource scarcity, Penrose's (1959) theory of firm growth, and Demsetz's (1973, 1974 ) arguments about the theoretical insufficiency of the S-C-P paradigm (as discussed previously and noted in Makadok 2010, 2011).”
Integrating Insights From the Resource-Based View of the Firm Into the New Stakeholder Theory (2021, background): “Similarly, the resource-based view categorization of the choices made within organizations to appropriate value (Barney, 1991; Mahoney, 2001; Makadok, 2011; Penrose, 1959; Peteraf, 1993) can be integrated with both the human-capital development and sustainability streams of the NST in a unifying…”
Being better vs. being different: differentiation, competition, and pricing strategies in the Spanish hotel industry. (2013, background): “In a sequence of theoretical papers, Makadok and Ross (2009), Makadok (2010, 2011) predicted the performance consequences of both types of differentiation as well as their interaction effects, though there is scarce empirical research in strategy about both types of differentiation.”