Strategizing vs. economizing: Theorizing dynamic competitive behavior in disequilibrium
نویسنده
چکیده
1. Introduction 2. Profits are earned in disequilibrium Perfectly competitive equilibrium Assumptions of PCE PCE vs. dynamic strategic positioning (DSP) Profits as residual: Categories of income Measures of entrepreneurial profit 3. The firm as vehicle of strategizing behavior The elemental attributes of the strategizing firm The firm in the dynamic resource economy Strategizing around activities Strategizing around resources Resources as duals of activities Insourcing vs. outsourcing of resources and activities Strategizing around routines The management of the firm as a whole The management of the connected firm Strategic evaluation by incumbents and challengers 4. Strategizing in the setting of dynamic economic processes Emergent economic structures Technological systems and competence blocks Cluster dynamics and strategizing Specialization vs. integration, modularity and increasing returns The generation of strategic variety 5. Equilibrium vs. non-equilibrium based reasoning Strategizing vs. economizing Normal profits: The Structure-Conduct-Performance paradigm Ricardian rents 6. Concluding remarks
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