z-logo
open-access-imgOpen Access
Market Structure in the Context of Developing Competitive Strategy
Author(s) -
Algirdas Krivka,
Romualdas Ginevičius
Publication year - 2011
Publication title -
mokslas - lietuvos ateitis
Language(s) - English
Resource type - Journals
eISSN - 2029-2341
pISSN - 2029-2252
DOI - 10.3846/148
Subject(s) - oligopoly , industrial organization , market structure , profit (economics) , imperfect competition , microeconomics , imperfect , economics , game theory , business , product differentiation , perfect competition , competition (biology) , context (archaeology) , cournot competition , ecology , linguistics , philosophy , biology , paleontology

The abstract deals with the application of positioning strategies under the conditions of classical market structures. It is discovered that the assumptions of pure competition leave no space for M. Porter’s generic cost leadership and differentiation strategies to be applied. The enterprise’s actions, influencing five competitive forces and implementing generic strategies, are reasonable under the conditions of imperfect competition market structures. The game theory models, applied to oligopoly, indicate the close interaction of enterprises and interdependence of their strategic decisions: cost reduction and differentiation strategies not only increase the profit of the enterprise, implementing the strategy, but by affecting market price and residual demand decrease the competitor’s profit.

Article in Lithuanian

The content you want is available to Zendy users.

Already have an account? Click here to sign in.
Having issues? You can contact us here