Difference between revisions of "Industrial Organization"
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According to the [[Strategic Management by Parnell (4th edition)]], | According to the [[Strategic Management by Parnell (4th edition)]], | ||
:[[Industrial Organization]] ([[IO]]). A view based in microeconomic theory that states firm profitability is most closely associated with industry structure. | :[[Industrial Organization]] ([[IO]]). A view based in microeconomic theory that states firm profitability is most closely associated with industry structure. | ||
| + | According to the [[Strategic Management by David and David (15th edition)]], | ||
| + | :[[Industrial Organization]] ([[I/O]]). An approach to competitive advantage that advocates that external (industry) factors are more important than internal factors for a firm in striving to achieve competitive advantage. | ||
[[Category: Strategic Management]][[Category: Articles]] | [[Category: Strategic Management]][[Category: Articles]] | ||
Latest revision as of 20:17, 16 July 2020
Industrial Organization (IO) is a view based in microeconomic theory that states firm profitability is most closely associated with industry structure.
Definition
According to the Strategic Management by Parnell (4th edition),
- Industrial Organization (IO). A view based in microeconomic theory that states firm profitability is most closely associated with industry structure.
According to the Strategic Management by David and David (15th edition),
- Industrial Organization (I/O). An approach to competitive advantage that advocates that external (industry) factors are more important than internal factors for a firm in striving to achieve competitive advantage.
