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Economics of Strategy

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Title: Economics of Strategy
by David Besanko, David Dranove, Mark Shanley, Scott Schaefer
ISBN: 0-471-21213-X
Publisher: Wiley Text Books
Pub. Date: 11 July, 2003
Format: Hardcover
Volumes: 1
List Price(USD): $106.95
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Average Customer Rating: 4.47 (15 reviews)

Customer Reviews

Rating: 5
Summary: Theory and Practice of Competitive Strategy
Comment: This is the definitive review of strategic analysis concepts: their basis in economic theory and application in the real world of business.

Economics of Strategy is thee core textbook for strategy courses at the University of Chicago, but, ironically, it was written by members of the Northwestern University faculty. A great marriage of left and right brained strategic thinkers!

Well worth the time to understand and digest its many lessons on competitive strategy.

Rating: 5
Summary: Very comprehensive overview
Comment: This is the best overview of the economics behind firm strategy you can find. The coverage of the book is impressive. All economic principles are discussed in an accessible way, although you should have some understanding of basic microeconomics. Compared to a standard textbook in industrial organization the advantage of this text is a focus on real world issues and a vast amount of case studies. If you're in strategy and you like the views of Porter, Ghemawat and Nalebuff, this is the book for you.

Rating: 5
Summary: A book that reasons the strategies
Comment: Many business books provide models of competition, innovation, etc. without adequately reasoning how the models were reached. Whereas they provide solutions to a problem - they do not provide the understanding of how the solution is reached.
However, this book provides a sound reasoning for every model on the basis of microeconomics. Even apparently abstract concepts like organization structure are explained on the basis of economics. I personally feel that the concepts covered in this book have been ingrained in my mind.

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