Journal of Management Research

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Strategy as "inferior" Choice


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1 S P Jain Institute of Management & Research Munshi Nagar, Dadabhai Road, Andheri (W) Mumbai, India
     

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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.

Keywords

Strategy, Nash Equilibrium, Inferior Choice, Operational Efficiency, Sustainable Fit
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  • Strategy as "inferior" Choice

Abstract Views: 393  |  PDF Views: 3

Authors

Ajit Prasad
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.

Keywords


Strategy, Nash Equilibrium, Inferior Choice, Operational Efficiency, Sustainable Fit

References