One Political Economy, One Competitive Strategy? Comparing Pharmaceutical Firms in Germany, Italy, and the UK

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  • Engels
  • Hardcover
  • 9780199543434
  • 18 december 2008
  • 202 pagina's
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This book examines how firms adapt to the pressures of increasing international competition by testing the arguments on 'strategy specialization' proposed in the competitiveness literature in general, and by contributors to the 'varieties of capitalism' debate in particular. It examines pharmaceutical firms in Germany, Italy, and the UK.



This book examines how firms adapt to the pressures of increasing international competition by testing the arguments on 'strategy specialization' proposed in the competitiveness literature in general, and by contributors to the 'varieties of capitalism' debate in particular. If different economies are characterized by distinct institutional arrangements, successful firms would be those that exploit the related comparative advantages and specialize in the competitive strategies facilitated by national institutions. One Political Economy, One Competitive Strategy? begins with an assessment of how many pharmaceutical firms in Germany, Italy, and the UK pursue strategies facilitated by national institutions governing the financial markets, antitrust activities, and the labour market. Quantitative analyses reveal that deviant firms, competing through institutionally unsupported strategies, outnumber conforming firms by far. Not only does this finding run counter to the expectations of the competitiveness literature, it brings up a whole new line of inquiry. How can firms compete through strategies that are not supported by national institutions? The book addresses this question and illustrates that firms do not necessarily exploit comparative institutional advantages, but that they can also circumvent institutional constraints. International markets and individual collaboration on a contractual basis allow firms to compete despite comparative institutional disadvantages. These findings suggest that trade liberalization does not lead to strategy specialization but to strategy diversification, depending on the inventiveness of entrepreneurs to develop individual approaches to compete.

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Inhoud

Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
18 december 2008
Aantal pagina's
202
Illustraties
Nee

Betrokkenen

Hoofdauteur
Andrea M. Herrmann
Hoofduitgeverij
Oxford University Press

Overige kenmerken

Extra groot lettertype
Nee
Product breedte
162 mm
Product hoogte
18 mm
Product lengte
242 mm
Studieboek
Ja
Verpakking breedte
162 mm
Verpakking hoogte
18 mm
Verpakking lengte
242 mm
Verpakkingsgewicht
496 g

EAN

EAN
9780199543434

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