Strategic Management Journal2014-09-27 1:59 PM

Why do Firms Differ, and How Does it Matter?

Abstract

In virtually all economic analyses, differences among firms in the same line of business are repressed, or assumed to reflect differences in the market environments that they face. In contrast, for students of business management and strategy, firm differences are at the heart of their inquiry. This paper explores the reasons behind this stark difference in viewpoint. It argues that economists really ought to recognize firm differences explicitly.


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http://onlinelibrary.wiley.com/doi/10.1002/smj.4250121006/pdf 

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Strategic Management Journal

The Strategic Management Journal seeks to publish the highest quality research with questions, evidence and conclusions that are relevant to strategic management and engaging to strategic management scholars.

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