![]() ![]() To sustain themselves in the marketplace, practitioners of strategy focus on building advantages over the competition, usually by assessing what competitors do and striving to do it better. Taking market structure as given, much as military strategy takes land as given, such a view drives companies to try to carve out a defensible position against the competition in the existing market space. 3 The academics call this the structuralist view, or environmental determinism. 2 Here, market structure, given by supply and demand conditions, shapes sellers' and buyers' conduct, which, in turn, determines end performance. IO economics suggests a causal flow from market structure to conduct and performance. ![]() 1 Industrial organization (IO) economics gave formal expression to the prominent importance of competition to firms' success. The very language of corporate strategy is deeply imbued with military references-chief executive " officers " in " headquarters, " " troops " on the " front lines, " and fighting over a defined battlefield. Such focus on the competition traces back to corporate strategy's roots in military strategy. Today, one can hardly speak of strategy without involving the language of competition: competitive strategy, competitive benchmarking, building competitive advantages, and beating the competition. Urn:oclc:872622417 Republisher_date 20180731124642 Republisher_operator Republisher_time 649 Scandate 20180730225615 Scanner Scanningcenter hongkong Top_six true Tts_version v1.F or twenty-five years, competition has been at the heart of corporate strategy. Urn:lcp:blueoceanstrateg00kimw:epub:9cfdcc73-01af-414f-ba67-b727ce7c3562 Extramarc University of Illinois Urbana-Champaign (PZ) Foldoutcount 0 Identifier blueoceanstrateg00kimw Identifier-ark ark:/13960/t1bk5c56m Invoice 1213 Isbn 9781591396192ฤก591396190 Lccn 2004020857 Ocr ABBYY FineReader 11.0 (Extended OCR) Ocr_converted abbyy-to-hocr 1.1.20 Ocr_module_version 0.0.16 Openlibrary OL17149535M Openlibrary_edition Access-restricted-item true Addeddate 15:10:01 Bookplateleaf 0004 Boxid IA1294711 Boxid_2 CH121018 City Boston, Mass. ![]()
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