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Theory of the Firm for Strategic Management

Economic Value Analysis

Paperback Engels 2009 9780521681940
Verkooppositie 3986Hoogste positie: 434
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Samenvatting

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.

Specificaties

ISBN13:9780521681940
Taal:Engels
Bindwijze:paperback
Aantal pagina's:310
Verschijningsdatum:5-2-2009

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Inhoudsopgave

List of figures; List of tables; Part I. Theories of the Firm: 1. Introduction; 2. The contracting view of the firm; 3. The nature of the firm in strategy; 4. Creating economic value; 5. The appropriation of value by firms; Part II. Firm Strategies: 6. Business strategy; 7. Corporate strategy; 8. International strategy; 9. Strategy and social value; 10. Value analysis in strategy; Further reading; References; Index.

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        Theory of the Firm for Strategic Management