Competence Governance and Entrepreneurship physicians remove mental blindfolds

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Competence Governance and Entrepreneurship physicians remove mental blindfoldsThe 'theory of the firm' is a significant part of modern economics. Because it informs strategic choices, it is also highly relevant to business administration in particular. Two dominant streams may be identified in the literature, namely the 'competence' and 'governance' perspectives on the firm. While there has been little direct discussion between the main proponents of these perspectives, both claim that they are reaching for a strategic theory