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| 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.
| Author | : Manuel Becerra |
| Publisher | : |
| Total Pages | : 295 |
| Release | : 2009 |
| Genre | : Business enterprises |
| ISBN | : 9781139131957 |
Strategic decisions deal with the long-term direction of the firm and its main activities, usually the responsibility of the top managers in an organization. Because the firm is the critical unit of analysis in strategy, we need to define what firms are, how they create value, and what their organizational boundaries are in order to understand their overall performance. However, this must be done in a manner that is most useful for strategic analysis and decision making. In other words, we need a theory of the firm for business strategy. Theory of the Firm for Strategic Management integrates and expands key existing theories, like transaction costs economics and the resource-based view, to develop a value-based theory of the firm. This provides a framework to show how firms can create value for customers and, at the same time, capture economic profits for their owners through business, corporate, international, and social strategies.
| Author | : Cynthia A. Montgomery |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 277 |
| Release | : 2011-06-27 |
| Genre | : Business & Economics |
| ISBN | : 1461522013 |
Resource-Based and Evolutionary Theories of the Firm: Towards a Synthesis explores the intersection of evolutionary theories of the firm with an emergent body of research in the field of strategic management that has been broadly referred to as the `resource-based view of the firm'. The volume approaches strategic questions from several vantage points, thereby fostering a useful cross-fertilization of ideas. The views presented spring from a variety of sources, namely the principles of strategic management, organisation economics, and population ecology.
| 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.
| Author | : Allen Amason |
| Publisher | : Routledge |
| Total Pages | : 314 |
| Release | : 2011-03-17 |
| Genre | : Business & Economics |
| ISBN | : 1135234590 |
Leadership, adaptability, value creation. These are the skills necessary for tomorrow's managers. This book is designed to help students think critically and understand fully how to strategically manage their future firms. .
| Author | : Birger Wernerfelt |
| Publisher | : Cambridge University Press |
| Total Pages | : 329 |
| Release | : 2016-10-27 |
| Genre | : Business & Economics |
| ISBN | : 1107134404 |
An up-to-date analysis of the theory of the firm, including the latest research on the resource-based view.
| Author | : Stephan Kaiser |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 211 |
| Release | : 2010-11-19 |
| Genre | : Business & Economics |
| ISBN | : 3642160638 |
Managing strategies for professional service firms is an important and complex activity. The main issues in this book cover the core management principles for service firms in a comprehensive way. Based on current research findings it includes the management of service quality, knowledge and marketing as well as people, organizational and strategic issues. In understanding critical resources managers and partners will be able to effectively develop and exploit them. The book contains practical advice and offers a profound insight into the managerial excellence of service companies.
| Author | : David J. Teece |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 0 |
| Release | : 2012 |
| Genre | : Business planning |
| ISBN | : 9781849808644 |
David Teece is one of the leading thinkers on issues of strategic management, particularly the importance of dynamic capabilities for organizations in industries undergoing change. This collection of his papers explores ideas of both theoretical and practical significance. Topics addressed include the development and elaboration of the dynamic capabilities framework, with an emphasis on the orchestration of resources both inside and outside the firm to capture value. Another area of focus is the theoretical and conceptual understanding of the essence of the firm. In an era of global specialization, mainstream theories about contracts and production functions fall short of the reality that managers confront every day. David Teece's understanding of these realities is well reflected and clearly articulated in this book.
| Author | : Michael Pirson |
| Publisher | : Routledge |
| Total Pages | : 324 |
| Release | : 2021-12-28 |
| Genre | : Business & Economics |
| ISBN | : 1000515893 |
The Theory of the Firm is commonly viewed as axiomatic by business school academicians. Considerations in spanning organizational structures, their boundaries and roles, as well as business strategies all relate to the Theory of the Firm. The dominant Theory of the Firm poses that markets act perfectly to maximize the well- being of society when people act to maximize the personal utility of their individual purchases and firms act to maximize financial returns to their owners. However, burgeoning evidence and discourse across the scientific and policy communities suggests that the economic, social, and environmental consequences of accepting and applying this theory in the organization of business and society threaten the survival of the human species, among countless others. This book provides the latest thinking on alternatives to the Theory of the Firm as cornerstone of managerial decision-making. Authors explore and elucidate theories that help us understand a firm differently and suggest alternatives to the Theory of the Firm. This book will be of value to researchers, academics, practitioners, and students interested in leadership, strategic management, and the intersection of corporate interests and the well-being of the society.
| Author | : Michael Dietrich |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 607 |
| Release | : 2012-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1781002401 |
This unique Handbook explores both the economics of the firm and the theory of the firm, two areas which are traditionally treated separately in the literature. On the one hand, the former refers to the structure, organization and boundaries of the firm, while the latter is devoted to the analysis of behaviours and strategies in particular market contexts. the novel concept underpinning this authoritative volume is that these two areas closely interact, and that a framework must be articulated in order to illustrate how linkages can be created. This interpretative framework is comprehensively developed in the editors' introduction, and the expert contributors – more than fifty academics of renowned authority – further elaborate on the linkages in the seven comprehensive sections that follow, encompassing: background; equilibrium and new institutional theories; the multinational firm; dynamic approaches to the firm; modern issues; firms' strategies; and economic policy and the firm. Bridging economics and theory of the firm, and providing both technical and institutional perspectives on real corporations, this path-breaking Handbook will prove an invaluable resource for academics, researchers and students in the fields of economics, heterodox economics, business and management, and industrial organization.
