“Relatively unsuccessful firms would be more likely to innovate than relatively successful firms.”

Source: A behavioral theory of the firm, 1959, p. 188

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Richard Cyert7

American economist 1921–1998

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“The firm as a relatively durable organizational structure is able to deal with the lack of knowledge about the future fruits of research and development and innovation. Its relative internal stability means that it can carry unquantifiable risks which would be eschewed in the volatility of the market. In particular large firms are able to set up and sustain R&D departments with their own funds. It is widely recognized that atomized, small-scale private enterprise is not well able to make such long-term commitments.”

Geoffrey Hodgson (1946) British economist

Source: Economics and Institutions, 1988, p. 213

“What we now have is too much focus on short-term revenues and almost no focus on the long-term survival or success of the firm. This is why you don't see anything very innovative out of firms like Apple.”

Rob Enderle (1954) American financial analyst

Why Are Tech Companies Trying to Kill Us? http://technewsworld.com/story/84944.html in Tech News World (13 November 2017)

“The stuff of revolution, and its first success, must be the ability to innovate. In that sense, there is more revolutionary spirit in the United States today, even on the Right, than elsewhere on the Left. The relative freedom in the United States would make it possible for such a revolution to occur bloodlessly, Revel said.”

Marilyn Ferguson (1938–2008) American writer

The Aquarian Conspiracy (1980), Chapter Five, The American Matrix for Transformation

“Younger and smaller firms would be more likely to adopt the MDF (Multidivisional Form) than older and larger ones.”

Neil Fligstein (1951) American sociologist

Fligstein, Neil. "The spread of the multidivisional form among large firms, 1919-1979." Advances in Strategic Management 17 (1985): 55-78.

“Firms that have a high BE/ME (a low stock price relative to book value) tend to have low earnings on assets. Conversely, low BE/ME (a high stock price relative to book value) is associated with persistently high earnings.”

Eugene Fama (1939) American economist and Nobel laureate in Economics

Source: Common risk factors in the returns on stocks and bonds, 1993, p. 8

“A breakdown of management into its basic functions — development, production and marketing — revealed that the character of the functions, their chronological sequence, the closeness with which they had to be integrated and their relative importance to the success and survival of the business, all depended upon the system of techniques in the firm concerned.”

Joan Woodward (1916–1971) British sociologist

Source: Management and technology, Problems of Progress Industry, 1958, p. 21-22

“I've fought with men and gods, I've weighed them well and found
the sea more firm than earth, the air more firm than sea,
and man's impalpable soul still yet more firm than air!”

Nikos Kazantzakis (1883–1957) Greek writer

Odysseus, Book XI, line 846
The Odyssey : A Modern Sequel (1938)

“The size of a firm influences its competitive policies in a number of ways. In the first place the scale of its purchases and sales relative to the total volume of transactions in the firm's market is one indication of the extent of its market control. Taken in conjunction with other data it may throw a good deal of light on price and production policies. Certain authorities, on the other hand, brush aside figures on the relative size of firms as irrelevant and emphasize the decisive importance of the elasticity of the firm's demand curve. 3 It would no doubt be extremely convenient if economists knew the shape of individual demand and cost curves and could proceed forthwith, by comparisons of price and marginal cost, to conclusions regarding the existing degree of monopoly power. The extent to which the monopoly theorists, however, refrain from an empirical application of their formulae is rather striking.”

Edward S. Mason (1899–1992) American economist

Source: "Price and production policies of large-scale enterprise," 1939, p. 62

“I have said more than once, that I hold space to be something purely relative, as time; an order of coexistences, as time is an order of successions.”

Gottfried Leibniz (1646–1716) German mathematician and philosopher

J'ay marqué plus d'une fois, que je tenois l'espace pour quelque chose de purement relatif, comme le temps; pour un ordre des coëxistences, comme le temps est un ordre des successions. <br class="br"> Third letter http://www.physics.ubc.ca/~berciu/PHILIP/TEACHING/PHYS340/EXTRA/FILES/Leibniz-ClarkeA.pdf to Samuel Clarke, February 25, 1716

“For Schumpeter the most important firms are those that serve as the vehicles for action of the real drivers of the system — the innovating entrepreneurs.”

Richard Rumelt (1942) American economist

Source: "Towards a strategic theory of the firm." 1997, p. 134

“Relatively unsuccessful firms would be more likely to innovate than relatively successful firms.”

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Richard Cyert7

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