The article discusses the book “Competitive Strategy: Techniques for Analyzing Industries and Competitors,” by Michael E. Porter. The author sees Porter's intellectual prowess in acknowledging the components of strategic management, and then focusing on a single objective of strategic management research and practice that would facilitate the development of the field without entirely abandoning concerns for stakeholders besides a firm's equity holders. The author praises Porter for helping the field understand the dependent variable of economic theory, focusing on the industry as the unit of analysis, and the role of social welfare in strategic research management and practice. Porter's approach to applying the structure, conduct, and performance paradigm is also mentioned as being greatly influential.
Discussion(0)
No comments yet. Be the first to comment.