A property rights approach to strategy
将资源视为可分配经济产权的属性集合，通过分析产权的获取与保护以及制度环境，提出企业战略制定的四个关键问题，并用转基因大豆种子技术许可费案例说明。
This article is about how resources can be conceptualized as bundles of attributes for which one can assign economic property rights. Strategic considerations are deliberately incorporated into the analysis through the assessment of the activities of capture and protection of property rights, along with the examination of the institutional environment. These basic elements combine in order to design an approach to strategy. In developing this approach, the authors identify four key questions for structuring the strategy formulation process of the firm. The analytical framework is illustrated through a particular case: the collection of royalties on the genetically modified (GM) technology in soybean seeds.