1. Did the course change your life (a little bit) ?
MGTECON 580: Class 9
Did the course change your life (a little bit) ?
It makes sense to look at firm strategies with a theoretical priori?
These hypotheses are given in IO, Strategy, Location, Growth Theory?
Profits dissipate, if there is no machine creating them permanently
Without core capacities, assets, the is no persistent profit
Core capacities have to be sustained, renewed (some strategies dilute them)
Making use of core versus periphery increases profits
Firm growth and economic growth are driven by intangible investments
Countries are very different, governments intervene everywhere
Knowing this and making use of it increases profits
Europe has a gap in productivity, but maybe leisure, environmental concerns, coverage of
Social net, small innovations, distribution, absence of poverty are worth this gap
US is a ten trillion economy, Europe an eight billion economy, this allows you to estimate GNP for
Individual countries and to relate all numbers to GDP
Most numbers gain importance only if they are compared to others
Welfare and efficiency can be in conflict, but knowing this may open a new model

2. Firms, Markets, & Policy Strategies in Europe To be achieved:
Knowledge: diversity of European Business
Ability: strategy evaluation guided by theory based framework
Confidence: diversity can be turned into advantage for persons, firms, countries