Strategic management and the economics of the firm

Journal of Strategy and Management - Tập 5 Số 4 - Trang 372-380 - 2012
CarolineHussler1, JulienPénin2, MichaelDietrich3, ThierryBurger‐Helmchen4
1BETA‐CNRS, University of Technology of Belfort‐Montbéliard, Belfort‐Montbéliard, France
2BETA‐CNRS, University of Strasbourg, Strasbourg, France
3Department of Economics, University of Sheffield, Sheffield, UK
4BETA‐CNRS, University of Strasbourg, Strasbourg, France and EM Strasbourg, University of Strasbourg, Strasbourg, France

Tóm tắt

PurposeThe purpose of this paper is to argue for the need to reconcile managerial and economic approaches of the firm. Strategic management seems to be the perfect playground for this.Design/methodology/approachThe paper shows many divergences between the economic and managerial approach of the firm but also highlights many topics where both approaches come in handy.FindingsThe authors underline the topics and theories in strategic management with the greatest benefits of mixing economics and management can be expected and they echo the papers in this special issue.Practical implicationsThe paper comes as a warning for those using only managerial perspective without listening to the caveats and ideas put forward by the economic approach of the firm.Originality/valueThe paper offers an agenda of how economics and management could be reunited, and shows the relevance of doing so to both theory and practice.

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Journal of Strategy and Management

Tập 5 Số 4

372-380

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