Theory of the Firm for Strategic Management: Economic Value Analysis

Theory of the Firm for Strategic Management: Economic Value Analysis

by Manuel Becerra
     
 

ISBN-10: 0521863341

ISBN-13: 9780521863346

Pub. Date: 02/05/2009

Publisher: Cambridge University Press

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

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Overview

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.

Product Details

ISBN-13:
9780521863346
Publisher:
Cambridge University Press
Publication date:
02/05/2009
Pages:
310
Product dimensions:
6.10(w) x 9.00(h) x 2.60(d)

Table of Contents

List of figures

List of tables

Pt. I Theories of the firm

1 Introduction 3

2 The contracting view of the firm 27

3 The nature of the firm in strategy 56

4 Creating economic value 85

5 The appropriation of value by firms 114

Pt. II Firm strategies

6 Business strategy 141

7 Corporate strategy 174

8 International strategy 198

9 Strategy and social value 216

10 Value analysis in strategy 246

Further reading 267

References 272

Index 293

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