haku: @author Stennek, J. / yhteensä: 3
viite: 3 / 3
« edellinen | seuraava »
| Tekijä: | Stennek, J. |
| Otsikko: | Does competition make firms more flexible? A study of limited managerial cognition |
| Lehti: | Journal of Economics & Management Strategy
1994 : SUMMER, VOL. 3:2, p. 279-300 |
| Asiasana: | COMPETITION COMPANIES COGNITION |
| Kieli: | eng |
| Tiivistelmä: | A model of procedural decision making gin firms is combined with an oligopoly model to study the effect of limited managerial cognition on firm flexibility. It is argued that a firm may vary its flexibility, and, hence, that there exists a trade-off between decision-making costs and costs due to imperfect adjustment to the environment. The main conclusion is the following: the level of flexibility chosen by firms tends to be too low, from a social welfare point of view. |
« edellinen | seuraava »
SCIMA