|
|
|
|
|
|
|
|
|
|
Strategy as “Inferior” Choice: A Re-interpretation of Porter's “What is Strategy?” Prasad Ajit S P Jain Institute of Management & Research, Munshi Nagar, Dadabhai Road, Andheri (W), Mumbai (India) Abstract The article develops on the seminal work of Porter (1996) and in its five sections looks at the meaning of strategy as divorced from operational efficiency. It dwells of the extension of Lionel Robbins work (1932) on the concept of trade-offs and choice. Subsequent sections look at the managerial obsession with growth, strategy as positioning and how wrong choices emerge when the focus is on OE rather than the risks associated with strategy. The article also discusses the approach of strategy as Nash Equilibrium and the understanding of strategy as inferior choice. Top Keywords Strategy, nash equilibrium, inferior choice, operational efficiency, sustainable fit. Top | | |
|
|
|
|
║ Site map
║
Privacy Policy ║ Copyright ║ Terms & Conditions ║
 ║
|
|
|
834,563,341 visitor(s) since 30th May, 2005.
|
|
All rights reserved. Site designed and maintained by DIVA ENTERPRISES PVT. LTD..
|
|
Note: Please use Internet Explorer (6.0 or above). Some functionalities may not work in other browsers.
|