search query: @indexterm ORGANIZATIONAL DECLINE / total: 63
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| Author: | Witteloostuijn, A. van |
| Title: | Bridging behavioral and economic theories of decline: Organizational inertia, strategic competition, and chronic failure |
| Journal: | Management Science
1998 : APR, VOL. 44:4, p. 501-519 |
| Index terms: | ORGANIZATIONAL DECLINE NON-PROFIT ORGANIZATIONS COMPETITION STRATEGY GAME THEORY MODELS |
| Language: | eng |
| Abstract: | In the paper, another plea is presented for bridging behavioral and economic approaches to the study of competition in markets and strategy making by firms. The arguments focus on a specific case in point: the behavioral theory of organizational decline and the economic modeling of immediate exit. The arguments come in three steps. A key finding is that inefficient firms may outlast their efficient rivals. |
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