Economic Foundations of Strategic Management
Publisher: Ashgate Publishing
Published: August 2003
Language: eng
Format: Hardcover
Number of pages: 284
ISBN-13: 9780754630012
Subjects: Strategic Planning; Economic Conditions; Business & Economics; Business / Economics / Finance; Business/Economics; Business strategy; Management & management techniques; Economic aspects; Managerial economics
First sentence: The subject of strategic management analyses the firm's relationship with its market environment (Porter, 1980; Kay, 1993).
Description: "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."--BOOK JACKET.