Business Commons^™

Perspectives On Firm Strategies In The Non-Market Environment, Vittal Kartik Rao

Electronic Thesis and Dissertation Repository

The non-market environment, which includes “the rules of the game” that govern economic interactions in the market, plays a central role in the ability of firms to create economic value and to sustain competitive advantage. This dissertation focuses on firms’ interactions with different elements of the non-market environment and is comprised of three essays.

Essay 1 examines the conditions under which firms reach agreements with environmental activists in regulatory agency proceedings to mutually settle disputes. The chapter argues that actions of firms will be dictated by the features of the regulatory decision-making process and the heterogeneity in the attributes of …

Revisiting Strategy In A Time Of Crisis, Gregory A. Smith

Faculty Publications and Presentations

The season of upheaval brought on by the COVID-19 pandemic is a critical occasion for libraries to revisit their organizational strategies. Strategy includes two complementary dimensions: alignment with the environment and the pursuit of competitive advantage. Rapid changes in the environment call for practicing strategic thinking iteratively rather than engaging in a fixed rhythm of multi-year planning. An effective library strategy displays four key attributes: (1) It responds to the concerns of diverse stakeholders. (2) It is flexible enough to adapt to emerging conditions. (3) It enacts organizational mission but can also help to reshape it. (4) It integrates with …

Strategic Management, Punit Arora

Open Educational Resources

Strategic Management is an integrative course that is designed to provide students with an understanding of the nature of businesses, their leadership and governance, and how the various functional areas (finance, marketing, accounting, operations, etc.) fit together to support a broad and purposeful organization. Strategic Management is the process whereby a firm chooses its business activities and establishes and sustains its position in a competitive market. It explores such questions as: Why do some companies succeed; while others fail? How can a company build and sustain competitive advantage? Which industries offer the best opportunities for long-term profitability? The course materials …