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A REVIEW OF GHEMAWAT'S COMMITMENT: THE DYNAMIC OF STRATEGY
Author(s) -
Peteraf Margaret A.
Publication year - 1992
Publication title -
journal of economics and management strategy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.672
H-Index - 68
eISSN - 1530-9134
pISSN - 1058-6407
DOI - 10.1111/j.1430-9134.1992.00575.x
Subject(s) - strategic management , field (mathematics) , knowledge management , dynamic capabilities , business , management science , process management , computer science , marketing , economics , mathematics , pure mathematics
Commitment: The Dynamic of Strategy , by Pankaj Ghemawat. Ghemawat's Commitment makes recent results in game‐theoretic industrial organization accessible and useful to practitioners in the field of strategic management. This book contributes to the management strategy literature on two levels. On a conceptual level, Ghemawat strives to isolate “commitment” as the sole explanation of persistent differences in firm performance. On a more pragmatic level, he provides a framework intended to aid managers in making commitment‐intensive decisions. It is with respect to how well he achieves these two distinct goals that I evaluate Ghemawat's contribution. In addition, I review briefly the book's content, and I compare Ghemawat's approach to some alternative approaches familiar to scholars and practitioners of strategic management.