Many of today's global problems, such as sustainability, technology, skills, and diversity can only be solved by organisations. This column argues that more work is needed to understand strategic management by firms, how firms behave, and how they respond to economic incentives. Future research should study strategic decisions by firms as well as their internal organisational choices. Filling this gap will help understand the persistent differences in performance across firms, how they might respond to new, disruptive technologies, and how to best design industrial policies for strategic sectors.
Ghazala Azmat, Florian Englmaier, Alfonso Gambardella, Maria Guadalupe, Raffaella Sadun and Catherine Thomas
9 September 2024
Vox EU
https://cepr.org/voxeu/columns/economics-organisational-strategy
This work is published under POID and the CEP's Trade programmeGrowth programmeLabour markets programme.