Economic Foundations of Strategic Management

Economic Foundations of Strategic Management
Author: Mehmet Barca
Publisher: Routledge
Total Pages: 400
Release: 2017-10-24
Genre: Business & Economics
ISBN: 1351941925

This book explores the extent to which economic theory is able to provide the theoretical foundations of strategic management. To this end it draws on the philosophy of science; microeconomic theory; and different approaches to strategic management. The work shows that many of the propositions of strategic management are deducible from the economic theories considered. It argues that these propositions should be made open to empirical testing and that a unified theory of strategic management should be developed. Thus the book addresses a current major concern of theorists - that strategy remains ’atheoretical’ and that this reduces the predictive power of the subject and hampers further theory development. The essential contribution made is that economic theory should be systematically explored in order to establish the foundations of business strategy.

Economic Foundations of Strategy

Economic Foundations of Strategy
Author: Joseph T. Mahoney
Publisher: SAGE
Total Pages: 273
Release: 2005
Genre: Business & Economics
ISBN: 1412905435

The theoretical foundations of management strategy are identified and outlined in this text. Five theories are considered in the light of questions about how organisations operate efficiently, cost minimization, wealth creation, individual self-interest, and continued growth.

Theory of the Firm for Strategic Management

Theory of the Firm for Strategic Management
Author: Manuel Becerra
Publisher: Cambridge University Press
Total Pages: 310
Release: 2009-02-05
Genre: Business & Economics
ISBN: 0521863341

Develops a value-based theory of the firm specifically aimed at strategic decision-making.

Sustainable Strategic Management

Sustainable Strategic Management
Author: W. Edward Stead
Publisher: M.E. Sharpe
Total Pages: 266
Release: 2004
Genre: Business & Economics
ISBN: 9780765611314

This work fills the need for a strategic management text that gives full attention to sustainability and environmental protection. It includes chapter-by-chapter case studies of two organizations that exemplify many of the principles of environmentally sound management practices.

Economics of Strategy

Economics of Strategy
Author: David Dranove
Publisher: John Wiley & Sons
Total Pages: 544
Release: 2017-07-17
Genre: Business & Economics
ISBN: 1119042313

This text is an unbound, three hole punched version. Access to WileyPLUS sold separately. Economics of Strategy, Binder Ready Version focuses on the key economic concepts students must master in order to develop a sound business strategy. Ideal for undergraduate managerial economics and business strategy courses, Economics of Strategy offers a careful yet accessible translation of advanced economic concepts to practical problems facing business managers. Armed with general principles, today's students--tomorrows future managers--will be prepared to adjust their firms business strategies to the demands of the ever-changing environment.

Cultural Influences on the Process of Strategic Management

Cultural Influences on the Process of Strategic Management
Author: Andreas Michael Schühly
Publisher: Springer Nature
Total Pages: 391
Release: 2022-01-01
Genre: Business & Economics
ISBN: 3030866602

This unique book is positioned at the crossroads of strategic management and international business. Based on an in-depth literature review, the author empirically assesses the widely shared, implicit assumption that strategic management processes can be globally applied in a standardized, i.e., culture-free, manner. So far, a variety of tools have also been recommended but without incorporating cultural differences. As many organizations observe that this ethnocentric view is more an illusion than reality, strategic management research has started to focus on the cultural sensitivity of its theories, tools, and processes to provide practitioners in a multicultural setting with adequate know-how and tools. To foster long-term decision-making despite uncertainty, scenario planning is frequently applied by practitioners. Up until today, scenario planning has however gained little attention from the academic community. Through this book, the author presents a newly developed framework for strategic management that combines the cultural value scale to test the cultural sensitivity of the long-term planning tool called “scenario planning.” The different process steps of scenario planning have been individually examined for their sensitivity toward the cultural dimensions of uncertainty avoidance and long-term orientation. The investigation is based on a unique, global set of management consultants working for a leading professional service firm. The results of this research show the cultural sensitivity of scenario planning, with different degrees of the process steps and the tested cultural dimensions.

Rethinking Strategic Management

Rethinking Strategic Management
Author: Thomas Wunder
Publisher: Springer Nature
Total Pages: 423
Release: 2019-09-06
Genre: Business & Economics
ISBN: 3030060144

This book offers innovative ideas and frameworks for sustainable strategizing to advance business by scaling-up its positive impact, which is so urgently needed at this time in the 21st century. It shows practitioners how to effectively deal with socio-ecological systems’ disruptions to their operating environments and play an active role in transforming markets toward a sustainable future. In short, the book demonstrates how to make business sense of sustainability, highlighting new approaches and examples that translate sustainability into strategy and action. The ultimate goal is to provide a path toward a thriving future for both business and society. This book was written for strategy practitioners and decision makers who want to understand why sustainable strategizing is important in today’s business world and are seeking actionable business knowledge they can apply in their companies. It was also written for students of management and can be used as a supplemental text to support traditional graduate and undergraduate management courses.

Resources, Firms, and Strategies

Resources, Firms, and Strategies
Author: Nicolai J. Foss
Publisher:
Total Pages: 397
Release: 1997
Genre: Business planning
ISBN: 0198781806

Strategic management has been increasingly characterized by an emphasis on core competences. Firms are advised to divest unrelated businesses and return to core business. Moreover, competitive advantage is now increasingly seen as a matter of efficiently deploying scarce knowledge resources toproduct markets. Much of this change in emphasis has occurred because of the emergence of a unified and rigorous approach to strategy, often called the resource-based approach. This Reader brings together extracts from the seminal articles that created this dominant perspective in strategicmanagement. It includes the pioneering work of Selznick, Penrose, and Chandler and more recent writing by Wernerfelt, Barney, Teece, and Prahalad and Hamel.