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Economic Foundations of Strategy

Economic Foundations of Strategy

August 2004 | 272 pages | SAGE Publications, Inc
Economic Foundations of Strategy helps clarify the theoretical foundations of management strategy. It identifies five theories of particular importance to the strategy field, and outlines the contributions of particularly influential works in each area. The book helps find answers for five questions regarding key issues in strategy using economic theory: How can organizations operate efficiently? How can firms minimize costs? How can firms create and allocate wealth? How can firms align individual self-interest? How can resources be acquired, developed and deployed to improve the likelihood of survival and profitable growth?
Anne Huff
Editor's Introduction
Oliver E. Williamson
Chapter 1 Behavioral Theory of the Firm
Chapter 2 Transaction Costs Theory
Chapter 3 Property Rights Theory
Chapter 4 Agency Theory
Chapter 5 Resource-based/Dynamic Capabilities
Chapter 6 The Theoretic Building Blocks of Organizational Economics

Excellent book, but not enough to be a textbook for the whole course.

Mr Roberto Cordon
International Management, Franklin College
June 3, 2014

The book offers a comprehensive review of contemporary theories of the firm. As it is suitable for the comparison of the governance versus the competence perspective in strategic management, we will add it to our course reading list.

Ms Heidi Guenther
Department of Business Administration, University of Hamburg
December 11, 2012

A superb theoretical overview of business foundations. Best in its class. Of great value for MA level, esp. seminar work.
Rather not suitable for BA level classes.

Dr Artur Ochojski
Strategic and Regional Studies, University of Economics in Katowice
March 12, 2012

It condenses current thought and research in the area of strategy. Not too many books available for PhD students. This book does a great job at fulfilling this need.

Mr Harold Rivera
business, Unad Floridia
September 2, 2011

A well written text on economic strategy.

Dr Farhang Morady
Department of Psychology, Westminster University
October 12, 2010

Joseph T. Mahoney

Joseph Mahoney is Professor, Department of Business Administration, the University of Illinois Urbana-Champaign. He has won the Executive MBA Outstanding Teaching Award in 1995, 1996, 1998 and 1999. Professor Mahoney teaches undergraduate, M.B.A., Executive M.B.A., and Ph.D. courses in strategic management and business economics, and his research interest include corporate governance and organizational economics. He is on the editorial board of the Strategic Management Journal, and his research has appeared in refereed publications such as, Journal of Management Studies, Managerial and Decision Economics, Journal of Agricultural and... More About Author

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ISBN: 9781412905435
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