Article

Efficiency v. structure-conduct-performance: Implications for strategy research and practice

Texas A&M University, USA; Dennis L. Smart; University of Nebraska-Omaha, USA
Journal of Management (Impact Factor: 4.59). 01/1993; DOI: 10.1016/0149-2063(93)90045-O

ABSTRACT The strategic management field has derived many of its theoretical concepts from other social science disciplines including economics, psychology, and sociology. Industrial organization (10) economics and the structure-conduct-performance paradigm, in particular, provided many of the building blocks upon which strategy formulation was constructed (Barney, 1986; Harrigan, 1981; Porter, 1981). However, some researchers are now questioning this transfer of theory from IO economics to Strategic Management (Barney, 1986; Conner, 1991; Hirsch & Friedman, 1986; Rumelt, 1984).

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