In the late 1970s and early 1980s,Michael Porter pioneered:
A)The application of industrial organization economics to strategic decisions
B)Empirical research into the relationship between market share and firm profitability
C)The resource-based view of the firm
D)The application of game theory to strategic management

Question

Quizplus · Accepted Answer

Michael Porter is known for his work on industrial organization economics and the application of these principles to strategic decision making. He developed the Five Forces framework, which analyzes the competitive forces within an industry and helps companies identify their competitive advantage. He also discussed the concept of differentiation and how it can help companies achieve sustainable competitive advantage.

In the Late 1970s and Early 1980s,Michael Porter Pioneered