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<meta content="Robertson, Paul L." name="eprints.creators_name" />
<meta content="Yu, Tony F." name="eprints.creators_name" />
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<meta content="Despite recent advances by economists such as Porter and those associated with the resource-based school, the economics of demand rarely features in discussions of business strategy. Porter and the resource-based school take the characteristics of demand as given, and place almost exclusive emphasis on the role of supply-side factors in formulating strategy. Scholars in strategic marketing, by contrast, recognize the importance of demand factors, but do not analyze them from an economic standpoint. Moreover, none of the important schools of strategic management attempts to explore the relationship between supply and demand in much analytical depth. In this paper, a market process approach to strategy formulation is adopted as a preliminary step towards rectifying these problems. It is concluded that further work in these areas would benefit students of both strategic management and economics." name="eprints.abstract" />
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<h1 class="ep_tm_pagetitle">Firm strategy, innovation and consumer demand: a market process approach</h1>
<p style="margin-bottom: 1em" class="not_ep_block"><span class="person_name">Robertson, Paul L.</span> and <span class="person_name">Yu, Tony F.</span> (2001) <xhtml:em>Firm strategy, innovation and consumer demand: a market process approach.</xhtml:em> Managerial and Decision Economics, 22 (4-5). pp. 183-199. ISSN 0143-6570</p><p style="margin-bottom: 1em" class="not_ep_block"></p><table style="margin-bottom: 1em" class="not_ep_block"><tr><td valign="top" style="text-align:center"><a href="http://eprints.utas.edu.au/1451/1/PR17"><img alt="[img]" src="http://eprints.utas.edu.au/style/images/fileicons/application_pdf.png" class="ep_doc_icon" border="0" /></a></td><td valign="top"><a href="http://eprints.utas.edu.au/1451/1/PR17"><span class="ep_document_citation">PDF</span></a> - Full text restricted - Requires a PDF viewer<br />246Kb</td></tr></table><p style="margin-bottom: 1em" class="not_ep_block">Official URL: <a href="http://dx.doi.org/10.1002/mde.1016">http://dx.doi.org/10.1002/mde.1016</a></p><div class="not_ep_block"><h2>Abstract</h2><p style="padding-bottom: 16px; text-align: left; margin: 1em auto 0em auto">Despite recent advances by economists such as Porter and those associated with the resource-based school, the economics of demand rarely features in discussions of business strategy. Porter and the resource-based school take the characteristics of demand as given, and place almost exclusive emphasis on the role of supply-side factors in formulating strategy. Scholars in strategic marketing, by contrast, recognize the importance of demand factors, but do not analyze them from an economic standpoint. Moreover, none of the important schools of strategic management attempts to explore the relationship between supply and demand in much analytical depth. In this paper, a market process approach to strategy formulation is adopted as a preliminary step towards rectifying these problems. It is concluded that further work in these areas would benefit students of both strategic management and economics.</p></div><table style="margin-bottom: 1em" cellpadding="3" class="not_ep_block" border="0"><tr><th valign="top" class="ep_row">Item Type:</th><td valign="top" class="ep_row">Article</td></tr><tr><th valign="top" class="ep_row">Additional Information:</th><td valign="top" class="ep_row">The definitive version is available online at http://www.interscience.wiley.com</td></tr><tr><th valign="top" class="ep_row">Keywords:</th><td valign="top" class="ep_row">Strategic management; innovation; economic theory</td></tr><tr><th valign="top" class="ep_row">Subjects:</th><td valign="top" class="ep_row"><a href="http://eprints.utas.edu.au/view/subjects/350200.html">350000 Commerce, Management, Tourism and Services > 350200 Business and Management</a><br /><a href="http://eprints.utas.edu.au/view/subjects/340100.html">340000 Economics > 340100 Economic Theory</a><br /><a href="http://eprints.utas.edu.au/view/subjects/350211.html">350000 Commerce, Management, Tourism and Services > 350200 Business and Management > 350211 Innovation and Technology Management</a></td></tr><tr><th valign="top" class="ep_row">ID Code:</th><td valign="top" class="ep_row">1451</td></tr><tr><th valign="top" class="ep_row">Deposited By:</th><td valign="top" class="ep_row"><span class="ep_name_citation"><span class="person_name">Ms Sophie Jerrim</span></span></td></tr><tr><th valign="top" class="ep_row">Deposited On:</th><td valign="top" class="ep_row">23 Jul 2007</td></tr><tr><th valign="top" class="ep_row">Last Modified:</th><td valign="top" class="ep_row">09 Jan 2008 02:30</td></tr><tr><th valign="top" class="ep_row">ePrint Statistics:</th><td valign="top" class="ep_row"><a target="ePrintStats" href="/es/index.php?action=show_detail_eprint;id=1451;">View statistics for this ePrint</a></td></tr></table><p align="right">Repository Staff Only: <a href="http://eprints.utas.edu.au/cgi/users/home?screen=EPrint::View&eprintid=1451">item control page</a></p>
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