Our Recent Books
Nicolai J. Foss and Peter G. Klein,
Organizing Entrepreneurial Judgment: A New Approach to the Firm (Cambridge University Press, 2012).
Peter G. Klein and Micheal E. Sykuta, eds.,
The Elgar Companion to Transaction Cost Economics (Edward Elgar, 2010).
Peter G. Klein,
The Capitalist and the Entrepreneur: Essays on Organizations and Markets (Mises Institute, 2010).
Richard N. Langlois,
The Dynamics of Industrial Capitalism: Schumpeter, Chandler, and the New Economy (Routledge, 2007).
Nicolai J. Foss,
Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources (Oxford University Press, 2005).
Raghu Garud, Arun Kumaraswamy, and Richard N. Langlois, eds.,
Managing in the Modular Age: Architectures, Networks and Organizations (Blackwell, 2003).
Nicolai J. Foss and Peter G. Klein, eds.,
Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization (Elgar, 2002).
Nicolai J. Foss and Volker Mahnke, eds.,
Competence, Governance, and Entrepreneurship: Advances in Economic Strategy Research
(Oxford, 2000).
Nicolai J. Foss and Paul L. Robertson, eds.,
Resources, Technology, and Strategy: Explorations in the Resource-based Perspective (Routledge, 2000).
1.
Chihmao Hsieh | 20 January 2007 at 4:27 pm
The capstone course that I instruct at the business school here at UMR (www.umr.edu) is pretty unique, in that the class breaks into teams of 4-8, and each team formulates a ‘business proposal’ in the first month of class, makes a real-life loan presentation to our local bank, whereupon financed teams operate their business for the rest of the semester, in the end liquidating all physical assets and retaining student rights to all intellectual property. AFAIK, there’s only one other b-school in the nation that carries out experiential learning to this extent (Okie State).
At the beginning of this semester, I explained to them that workplace interruptions stemming from email, instant messaging, voice mail, and the like is costing business hundreds of billions of dollars annually (e.g. one estimate at $588 billion is cited within this article: http://www.slate.com/id/2138123/; I’ve seen other estimates closer to $450 billion)
From an instructional standpoint, if only a student team could come up with a solution that addresses .01% of that cost, they’re still looking at a $60 million opportunity.
Of course, from the research standpoint, all this talk about such a ‘cost’ is hard to swallow insofar that the term ‘cost’ here isn’t well-defined, and there is no statistic summarizing the value of innovations that pleasantly result from these interruptions.
2.
Chihmao Hsieh | 20 January 2007 at 4:30 pm
(Pardon the interruption: Not Okie State, but the University of Oklahoma.)