On May 8＆9 2017, TGU Center for Positive/Empirical Analyses of Political Economy at Waseda University organized the seminar “Performance distribution form of the firm, taught by Professor Shige Makino from Business School at the Chinese University of Hong Kong. He is one of the leading scholars of corporate strategy and international management. Professor Makino’s teaching seminars for Ph.D. students covered topics on organizational learning and sociological foundations in the course of two days.Seminar participants were assigned classical papers on each topic, and they gained new insights into the theories of interest by leading discussions about them with faculty and students from Waseda and other universities. On the first day, they touched upon theories of organizational learning such as exploitation and exploration, the competency trap, absorptive capacity, and tacit knowledge. The second day was about embeddedness, isomorphism, selection and adaptation, the strength of weak ties, and other theories on sociological functions. These are all theories that most management students have most likely heard of. However, when frankly asked what embeddedness is, many people have a difficult time explaining. Because these vocabulary words are often used without clear understanding for its concepts, this workshop became a valuable opportunity for students to understand the theories deeper in depth by explaining what these words mean.
One doctoral student participating in the workshop said, “I discovered something new and gained fruitful ideas by reading and discussing those classical papers that I thought that I had totally understood.”