The Industrial Organization Approach To Competitive Advantage Advocates That E…
The industrial organization approach to competitive advantage advocates that external factors are ___________ internal factors in a firm achieving competitive advantage.
The industrial organization approach to competitive advantage advocates that external factors are more important than internal factors in a firm achieving competitive advantage.
About Industrial Organization
Industrial Organization is a field of economics that studies the market as an institution, the conditions of business competition and strategic interactions between companies, industrial policies, and business decisions made by companies within a market framework.
This training looks at the market from three different perspectives, namely economic theory; applied business perspective; and institutional and legal perspectives. The focus of the training is divided equally between economic theory and business perspectives, but there is a significant legal component incorporated into the various topics. This training includes economic modeling, game theory, and several case studies.
Organizing is a step towards implementing a plan that has been prepared previously. Basically, the organization is just a tool to achieve the goals that have been planned.
The management and organizational process will include a series of activities starting with orientation towards the goals that are planned to be achieved and ending with an organizational framework that is equipped with the procedures, work methods, authority, personnel, and facilities needed.
Humans are the most important resource in the organization, which can determine the effectiveness of the established strategy. Organizational design is a process that seeks to match the key elements of an organization’s structure, people, tasks, cultural decision-making systems, and so on, with the strategy decided in order to produce high performance. Basically, organization is a subject that is always changing, either slowly or rapidly, so the design must be adjusted.
Learn information related to industrial organizations at https://brainly.ph/question/14332034.
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