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Economics of Business Strategy

Description

Features

  • No prior knowledge of economics is expected. The introductory chapters provide a solid foundation to microeconomic theory to those new to the subject.

  • Unique attempt to link economic analysis of the competitive market environment to business and management strategy.

  • Strikes a balance between theory and practical business issues, fully equipping students to understand what goes on in the real world of business.

  • Full pedagogy including chapter objectives, key terms, references, and questions for discussion.

  • Case studies written by the authors and taken from the Financial Times have been included to clarify, broaden and extend key issues.

  • Key terms or phrases introduced in each chapter are defined in a glossary at the end of the book.

Keywords

Markets Production prices Business Strategy Market Equilibrium Elasticity Demand supply Production costs Economies Diseconomies Industry Competition Monopoly Firms Profits Market Structure Oligopoly Leadership Competitive Analysis Profits Industry Advertising Competition Research Development Innovation Integration Diversification Government Business Privatisation Deregulation

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