Capabilities and Capital Investment: New Perspectives on Capital Budgeting

Keywords

organizational capabilities, investment practices, competitive decline

Abstract

In the half century since World War II, U.S. companies have lost their dominant position in virtually every major industry. While some loss of market power was inevitable as other economies rebuilt and reached their own potential, today there is widespread concern that the U.S. has lost its competitive edge in technology and manufacturing. Among those who believe a problem exists, the most frequently cited cause of corporate America's lack of competitiveness is its failure to invest.

Original Publication Citation

"""Capabilities and Capital Investment: New Perspectives on Capital Budgeting"" (1991). Journal of Applied Corporate Finance, 67-82. (With C.Y. Baldwin)"

Document Type

Peer-Reviewed Article

Publication Date

1991

Publisher

Journal of Applied Corporate Finance

Language

English

College

Marriott School of Business

Department

Marketing

University Standing at Time of Publication

Full Professor

Link to Full Text

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