It is important to distinguish here between strategy frameworks and strategy models. Strategy models have been used in theory building in economics to understand industrial organisations. However, models are difficult to apply to specific company situations and instead, qualitative frameworks have been developed with the specific goal of better informing business practice.
Tuesday, 15 March 2011
1.3 THE THEORETICAL BASIS OF COMPETITION
It is important to distinguish here between strategy frameworks and strategy models. Strategy models have been used in theory building in economics to understand industrial organisations. However, models are difficult to apply to specific company situations and instead, qualitative frameworks have been developed with the specific goal of better informing business practice.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment