We examine how product life cycle affects investment and financing by estimating an industry equilibrium model that embeds portfolio characteristics. In the model, firms trade off higher profitability of newer products versus introduction costs. Using product-level data, we find dimension is critical in quantitatively explaining cash flow dynamics, corporate policies, structure. show introducti...

This chapter focuses mainly on corporate growth strategies and growth modes. The main question is how to create and develop a sustainable competitive advantage for the whole company. The traditional strategic management approach is to consider two different levels of analysis: business and corporate strategy. In fact, both of them represent today the basis for obtaining sustained competitive ad...

In the post-crisis era new concepts are emerging, while some old and dysfunctional ones are being discarded. Strategy is about making series of decisions that drive corporate action under specific coupling with company’s environment and context. Because decisions are actions, so the strategy itself is action, not just a description of action. In the area of traditional strategy, descriptions (i...

This paper discusses the importance and need of incorporating technology and innovation strategy into business strategy to achieve overall competitive advantage for the company. The use of technology and innovation in value creation system is highlighted in a way that it plays a pivotal role in productivity, economic growth, increasing wealth in socioeconomic environment, and evolution of entir...