Nicolai Juul Fo
Biographic Data
| ID | 715666 |
|---|---|
| NAME | Nicolai Juul Fo |
| GIVEN NAMES | Nicolai Juul |
| FAMILY NAME | Fo |
| SIGNATURE | FO N J |
| AFFILIATIONS | Copenhagen Business School |
| ORCID | 0000-0003-2049-8347 |
| VERIFIED | Yes |
| TOTAL WORKS | 16 |
| TOTAL CITATIONS | 33 |
| AUTHOR COUNT | 16 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1994 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 3 |
Entrepreneurial stakeholder enrollment
Knightian uncertainty is central to entrepreneurship. While the entrepreneurship literature has carefully investigated the implications of uncertainty for entrepreneurial decision-making, less is known about how uncertainty affects the entrepreneur’s ability to mobilize stakeholders in support of a new venture. Entrepreneurs and potential stakeholders, notably funders, often hold different subjective beliefs about future possibilities and their l…
Microfoundations of entrepreneurial ecosystems
Research on entrepreneurial ecosystems has expanded rapidly over the past two decades, generating substantial insights into their constituent elements and associated outcomes. However, the microfoundational mechanisms through which these elements and outcomes interact across levels of analysis remain poorly understood, limiting theoretical progress in the entrepreneurial ecosystems literature. This paper offers a critical examination of existing …
Uncertainty versus urgency
Firms' efforts to employ more diverse top management teams raise the question of whether diversity helps or hinders business model innovation (BMI) in response to two situations that managers frequently encounter: uncertainty (such as a turbulent, unpredictable environment) and urgency (such as poor financial performance). We contend that while a diverse top management team with a wide range of expertise and ideas to draw from may seem well equip…
Theory in leadership and management
Developing Sustainable Business Models
Sustainable business models (SBMs) integrate economic with social and/or environmental value creation. Many relevant aspects of organizing for sustainable business model innovation (SBMI) have yet to be accounted for to understand how firms can add a new SBM to their already existing portfolio of business models. Specifically, how the development of a new SBM is influenced by managers’ cognitions, capabilities, behaviors, and interactions, and ho…
The XX factor
Business Model Innovation
Business model innovation is an important source of competitive advantage and corporate renewal. An increasing number of companies have to innovate their business models, not just because of competitive forces but also because of the ongoing change from product-based to service-based business models. Yet, business model innovation is also a massive organizational change process that challenges existing processes, structures and modes of control. …
Microfoundations of Routines and Capabilities
This article introduces the Special Issue and discusses the microfoundations of routines and capabilities, including why a microfoundations view is needed and how it may inform work on organizational and competitive heterogeneity. Building on extant research, we identify three primary categories of micro‐level components underlying routines and capabilities: individuals, social processes, and structure. We discuss how these components, and their …
Economic freedom and entrepreneurial activity
While much attention has been devoted to analyzing how the institutional framework and entrepreneurship impact growth, how economic policy and institutional design affect entrepreneurship appears to be much less analyzed. We try to explain cross-country differences in the level of entrepreneurship by differences in economic policy and institutional design. Specifically, we use the Economic Freedom Index from the Fraser Institute to ask which elem…
Institutions as knowledge capital
This article revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann’s idiosyncratic (i.e., eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1) Lachmann held a sophisticated institutional position vis-a`-vis economics that anticipated developments in contemporary new institutional economics. (2) …
Bounded rationality in the economics of organization
Harald B. Malmgren's Analysis of the Firm
This paper analyses Harald B. Malmgren's neglected 1961 paper 'Information, expectations, and the theory of the firm', which provided the first extensive elaboration of Coase's 1937 analysis in 'The nature of the firm'. Malmgren's primary sources of inspiration were Coase, Hayek, Richardson and Penrose. Combining these sources in a creative way allowed Malmgren to anticipate themes that have only recently been addressed in the theory of economic …
The Coordination of Investments in a Market Economy
In a recent article in this journal, Fikret Adaman and Pat Devine argued that one of the important reasons for the current crisis of confidence confronting socialists today is the absence of any convincing model of allocation. In their attempt to take steps towards such a model - centred around what they call participatory democratic planning - one that transcends the simplicities of earlier market schemes. Adaman and Devine provide a useful and …
Spontaneous Social Order
This paper relates to the emerging economics/sociology-nexus, in arguing that economists may have a lesson to learn from the work of the sociologist Alfred Schütz. The problem of coordination, which is the problem of theoretically demonstrating the possibility of spontaneous order in society, is discussed. While conventional economics and classical game-theory have not solved or even convincingly addressed this problem, it is explicitly addressed…
"More on "Hayek's Transformation
Research Article| June 01 1995 More on “Hayek's Transformation” Nicolai Juul Foss Nicolai Juul Foss 1 Search for other works by this author on: This Site Google History of Political Economy (1995) 27 (2): 345–364. https://doi.org/10.1215/00182702-27-2-345 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Nicolai Juul Foss; More on “Hayek's Transformation”. History of Political Economy 1 June 1995; 2…
The two Coasian traditions
Starting from the observation that the modern theory of the firm is branching out in at least two directions, this article argues that the existing differences lie in their underlying ontology. On the basis of the discussion of Bhaskar (1978) it is argued that underneath the neoclassical ‘nexus of contracts’- approach to the firm is an ontology that differs from that of the more heterodox Williamsonian transaction-cost economics. From the differe…
Economic freedom and entrepreneurial activity
While much attention has been devoted to analyzing how the institutional framework and entrepreneurship impact growth, how economic policy and institutional design affect entrepreneurship appears to be much less analyzed. We try to explain cross-country differences in the level of entrepreneurship by differences in economic policy and institutional design. Specifically, we use the Economic Freedom Index from the Fraser Institute to ask which elem…
Institutions as knowledge capital
This article revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann’s idiosyncratic (i.e., eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1) Lachmann held a sophisticated institutional position vis-a`-vis economics that anticipated developments in contemporary new institutional economics. (2) …
The two Coasian traditions
Starting from the observation that the modern theory of the firm is branching out in at least two directions, this article argues that the existing differences lie in their underlying ontology. On the basis of the discussion of Bhaskar (1978) it is argued that underneath the neoclassical ‘nexus of contracts’- approach to the firm is an ontology that differs from that of the more heterodox Williamsonian transaction-cost economics. From the differe…
Spontaneous Social Order
This paper relates to the emerging economics/sociology-nexus, in arguing that economists may have a lesson to learn from the work of the sociologist Alfred Schütz. The problem of coordination, which is the problem of theoretically demonstrating the possibility of spontaneous order in society, is discussed. While conventional economics and classical game-theory have not solved or even convincingly addressed this problem, it is explicitly addressed…
"More on "Hayek's Transformation
Research Article| June 01 1995 More on “Hayek's Transformation” Nicolai Juul Foss Nicolai Juul Foss 1 Search for other works by this author on: This Site Google History of Political Economy (1995) 27 (2): 345–364. https://doi.org/10.1215/00182702-27-2-345 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Nicolai Juul Foss; More on “Hayek's Transformation”. History of Political Economy 1 June 1995; 2…
Bounded rationality in the economics of organization
Business Model Innovation
Business model innovation is an important source of competitive advantage and corporate renewal. An increasing number of companies have to innovate their business models, not just because of competitive forces but also because of the ongoing change from product-based to service-based business models. Yet, business model innovation is also a massive organizational change process that challenges existing processes, structures and modes of control. …
The Coordination of Investments in a Market Economy
In a recent article in this journal, Fikret Adaman and Pat Devine argued that one of the important reasons for the current crisis of confidence confronting socialists today is the absence of any convincing model of allocation. In their attempt to take steps towards such a model - centred around what they call participatory democratic planning - one that transcends the simplicities of earlier market schemes. Adaman and Devine provide a useful and …
The two Coasian traditions
Starting from the observation that the modern theory of the firm is branching out in at least two directions, this article argues that the existing differences lie in their underlying ontology. On the basis of the discussion of Bhaskar (1978) it is argued that underneath the neoclassical ‘nexus of contracts’- approach to the firm is an ontology that differs from that of the more heterodox Williamsonian transaction-cost economics. From the differe…
"More on "Hayek's Transformation
Research Article| June 01 1995 More on “Hayek's Transformation” Nicolai Juul Foss Nicolai Juul Foss 1 Search for other works by this author on: This Site Google History of Political Economy (1995) 27 (2): 345–364. https://doi.org/10.1215/00182702-27-2-345 Cite Icon Cite Share Icon Share Facebook Twitter LinkedIn MailTo Permissions Search Site Citation Nicolai Juul Foss; More on “Hayek's Transformation”. History of Political Economy 1 June 1995; 2…
Harald B. Malmgren's Analysis of the Firm
This paper analyses Harald B. Malmgren's neglected 1961 paper 'Information, expectations, and the theory of the firm', which provided the first extensive elaboration of Coase's 1937 analysis in 'The nature of the firm'. Malmgren's primary sources of inspiration were Coase, Hayek, Richardson and Penrose. Combining these sources in a creative way allowed Malmgren to anticipate themes that have only recently been addressed in the theory of economic …
The Coordination of Investments in a Market Economy
In a recent article in this journal, Fikret Adaman and Pat Devine argued that one of the important reasons for the current crisis of confidence confronting socialists today is the absence of any convincing model of allocation. In their attempt to take steps towards such a model - centred around what they call participatory democratic planning - one that transcends the simplicities of earlier market schemes. Adaman and Devine provide a useful and …
Spontaneous Social Order
This paper relates to the emerging economics/sociology-nexus, in arguing that economists may have a lesson to learn from the work of the sociologist Alfred Schütz. The problem of coordination, which is the problem of theoretically demonstrating the possibility of spontaneous order in society, is discussed. While conventional economics and classical game-theory have not solved or even convincingly addressed this problem, it is explicitly addressed…
Bounded rationality in the economics of organization
Institutions as knowledge capital
This article revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann’s idiosyncratic (i.e., eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1) Lachmann held a sophisticated institutional position vis-a`-vis economics that anticipated developments in contemporary new institutional economics. (2) …
Economic freedom and entrepreneurial activity
While much attention has been devoted to analyzing how the institutional framework and entrepreneurship impact growth, how economic policy and institutional design affect entrepreneurship appears to be much less analyzed. We try to explain cross-country differences in the level of entrepreneurship by differences in economic policy and institutional design. Specifically, we use the Economic Freedom Index from the Fraser Institute to ask which elem…
Microfoundations of Routines and Capabilities
This article introduces the Special Issue and discusses the microfoundations of routines and capabilities, including why a microfoundations view is needed and how it may inform work on organizational and competitive heterogeneity. Building on extant research, we identify three primary categories of micro‐level components underlying routines and capabilities: individuals, social processes, and structure. We discuss how these components, and their …
Business Model Innovation
Business model innovation is an important source of competitive advantage and corporate renewal. An increasing number of companies have to innovate their business models, not just because of competitive forces but also because of the ongoing change from product-based to service-based business models. Yet, business model innovation is also a massive organizational change process that challenges existing processes, structures and modes of control. …
The XX factor
Developing Sustainable Business Models
Sustainable business models (SBMs) integrate economic with social and/or environmental value creation. Many relevant aspects of organizing for sustainable business model innovation (SBMI) have yet to be accounted for to understand how firms can add a new SBM to their already existing portfolio of business models. Specifically, how the development of a new SBM is influenced by managers’ cognitions, capabilities, behaviors, and interactions, and ho…
Theory in leadership and management
Uncertainty versus urgency
Firms' efforts to employ more diverse top management teams raise the question of whether diversity helps or hinders business model innovation (BMI) in response to two situations that managers frequently encounter: uncertainty (such as a turbulent, unpredictable environment) and urgency (such as poor financial performance). We contend that while a diverse top management team with a wide range of expertise and ideas to draw from may seem well equip…
Entrepreneurial stakeholder enrollment
Knightian uncertainty is central to entrepreneurship. While the entrepreneurship literature has carefully investigated the implications of uncertainty for entrepreneurial decision-making, less is known about how uncertainty affects the entrepreneur’s ability to mobilize stakeholders in support of a new venture. Entrepreneurs and potential stakeholders, notably funders, often hold different subjective beliefs about future possibilities and their l…
Microfoundations of entrepreneurial ecosystems
Research on entrepreneurial ecosystems has expanded rapidly over the past two decades, generating substantial insights into their constituent elements and associated outcomes. However, the microfoundational mechanisms through which these elements and outcomes interact across levels of analysis remain poorly understood, limiting theoretical progress in the entrepreneurial ecosystems literature. This paper offers a critical examination of existing …
Economics (8 works) · Computer Science (7 works) · Economic Theory and Institutions (7 works) · Positive economics (6 works) · Business (5 works) · Neoclassical economics (5 works) · Political science (5 works) · Sociology (5 works) · Business Strategy and Innovation (4 works) · Law (4 works)