Economics of Strategy - Hardcover

Besanko, David; Dranove, David; Shanley, Mark

3.89

293 ratings by Goodreads

Hardcover

ISBN 10: 0471598496 ISBN 13: 9780471598497

Publisher: John Wiley & Sons, 1996

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This comprehensive book applies modern economic principles to study a firm′s strategic position. It focuses on a company′s boundaries economics, transactions costs, economies of scale and scope and diversification, as well as industrial organization economics. It also covers strategic positioning and dynamics associated with internal organization.

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Review:

the book seeks to supply an economic lens for viewing the broad sweep of the strategic activities of the firm. ( Times Higher Education Supplement, Thursday 28th February 2008)

From the Back Cover:

Follow the fundamentals of strategy. Sound strategic management is dependent on a set of business principles that apply to all sectors of the economy. Besanko, Dranove, Shanley, and Schaeffer’s highly acclaimed Economics of Strategy, now in its Fifth Edition, gives you grounding in those fundamental strategic concepts that will serve you throughout your career, in any economic circumstance. This book focuses on the economic principles that form the building blocks of strategy and details the tools you’ll need to perform comprehensive analysis of a firm’s economic strategy. This Fifth Edition features new and expanded discussion of topics, such as: Demand, costs, pricing, and game theory Economies of scale, a concept fundamental to competition, entry, positioning and sustainability The interface between the theory of the firm, organization design, and business strategy Incentives—vital for understanding integration and organization structure The boundaries of the firm Positioning and sustaining advantage Competition New examples, drawn from real–world cases from the eighteenth century to present day, use the lens of business history to illustrate how these principles play out in the actual corporate arena.

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