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Strategic management and the internal organization of food marketing firms
Author(s) -
Rogers Richard T.,
Caswell Julie A.
Publication year - 1988
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(198801)4:1<3::aid-agr2720040103>3.0.co;2-s
Subject(s) - industrial organization , marketing , business , profit impact of marketing strategy , economics , market share , black box , distribution (mathematics) , strategic management , strategic choice , microeconomics , marketing strategy , return on marketing investment , mathematical analysis , mathematics , artificial intelligence , computer science
Neoclassical and industrial organization economics have traditionally treated firm internal operations as a black box linking market structure to market performance. This approach is inadequate in our modern food distribution system where large firms shape markets as they are shaped by them. Given the importance of firm behavior to firm and market performance, major research is needed to develop a micro‐microeconomic theory of the firm. Research on strategic choice by firms and their use of internal organization to implement those choices is a promising approach to developing this new theory.