Manuel Becerra

Theory of the Firm for Strategic Management (eBook, PDF)

Economic Value Analysis

• Format: PDF

Produktbeschreibung

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.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 5. Februar 2009
• Englisch
• ISBN-13: 9780511500978
• Artikelnr.: 38206219

Autorenporträt

Manuel Becerra holds the Accenture Chair in Strategic Management at the Instituto de Empresa Business School (IE), Madrid. His research has been published in many prestigious academic journals, including the Academy of Management Review and the Journal of Finance. He is currently Associate Editor of the Journal of Management.

Inhaltsangabe

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.