Subject category:
Strategy and General Management
Published by:
Harvard Business Publishing
Length: 16 pages
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https://casecent.re/p/40537
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Abstract
Explores how location affects a firm''s strategy. Specifically, it identifies different ways in which location affects industry structure, choice of a firm''s position, and the sustainability of that position. The intellectual foundations lie in an appreciation of institutional economics. Specifically, the starting premise is that specialized intermediaries resolve transaction costs between potential buyers and sellers and help make mutually advantageous deals occur. The absence of such specialized intermediaries gives rise to the institutional voids. Specifies how such voids constrain companies'' choices. Specific questions addressed are: 1) What are global industries? 2) What constitutes a global strategy? 3) When and how should strategy be tailored to particular locations? and 4) How sustainable are strategies predicated on the existence of institutional voids?; Intended to be used in a first-year strategy course or in any elective on international business or global strategy.
About
Abstract
Explores how location affects a firm''s strategy. Specifically, it identifies different ways in which location affects industry structure, choice of a firm''s position, and the sustainability of that position. The intellectual foundations lie in an appreciation of institutional economics. Specifically, the starting premise is that specialized intermediaries resolve transaction costs between potential buyers and sellers and help make mutually advantageous deals occur. The absence of such specialized intermediaries gives rise to the institutional voids. Specifies how such voids constrain companies'' choices. Specific questions addressed are: 1) What are global industries? 2) What constitutes a global strategy? 3) When and how should strategy be tailored to particular locations? and 4) How sustainable are strategies predicated on the existence of institutional voids?; Intended to be used in a first-year strategy course or in any elective on international business or global strategy.