The text points out that modern ideas of strategy, pioneered by Michael Porter, have turned IO economics "on its head." Although IO economics attempts to prevent any firm from gaining sustained competitive advantage, the very purpose of strategy is to gain a sustainable advantage. Is that good or bad?

Question

Quizplus · Accepted Answer

The Answer of The text points out that modern ideas of strategy, pioneered by Michael Porter, have turned IO economics "on its head." Although IO economics attempts to prevent any firm from gaining sustained competitive advantage, the very purpose of strategy is to gain a sustainable advantage. Is that good or bad?

The Text Points Out That Modern Ideas of Strategy, Pioneered