Managerial Economics in a Global Economy employs the theory of the firm as a solid foundation to explore the intricacies of managerial decision-making in today's interconnected world. By incorporating a global perspective, this book reflects the internationalization of tastes, production, and distribution, capturing the dynamic nature of modern business environments. Through a detailed examination of firm architecture, strategic behavior, and business ethics, the text presents a comprehensive array of managerial tools. Readers will also find insightful discussions on electronic commerce, risk management, international economies of scale, the virtual corporation, re-engineering, benchmarking, the learning organization, and the digital factory. Enhanced with real-world case applications and integrative case studies, this book demonstrates how theoretical concepts are applied in practice. Managerial Economics in a Global Economy offers a thoughtful blend of theory and practical insight, making it an invaluable resource for understanding managerial challenges in a global setting.
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