Strategic management: Building depth as well as breadth

Depth as well as breadth for postgraduate education.

There was a request recently to categorise aspects of postgraduate medical education as either "academic" or "vocational." This raises a question about the meaning of words and about the logic behind such a distinction. In common parlance "academic" means impracticable and irrelevant to the real business of living. A "vocation" was once a calling to the higher rungs of a profession but now "voc...

Breadth, Depth, and Competition

We consider the trade-offs in the choice between depth (a narrow high quality position) and breadth (a wide low quality range). In particular, the extent of depth or breadth in a market can be non-monotonic in the strength of competition.

Modern management of heart failure: education as well as medication.

Heart failure is a disease of epidemic proportions with three quarters of patients afflicted dying within 3 years. Aside from the appalling prognosis of the condition patients suffer greatly, as does the purse of the national health budget. These patients are admitted time and time again for prolonged periods for worsening heart failure, have multiple co-morbidities and often lack social suppor...

Market Frictions as Building Blocks of an Organizational Economics Approach to Strategic Management

This paper shows that market frictions are fundamental building blocks for an organizational economics approach to strategic management. Various organizational economic approaches (transaction costs, property rights, real options, and resource-based) have distinctive focal problems and emphasize different combinations of market frictions. A wider recognition of the role of market frictions is u...

Exploring Depth Versus Breadth in Knowledge Management Strategies