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Theory of the Firm for Strategic Management offers a thorough analysis of the core elements that shape a firm’s long-term outlook. Manuel Becerra delves into how top management decisions determine strategic direction, focusing on the fundamentals of defining what a firm truly is and the ways in which it creates lasting value. By integrating influential theories such as transaction cost economics and the resource-based view, this book develops a value-based approach to understanding the firm's internal and external boundaries. It lays out a comprehensive framework that explains how companies can not only deliver exceptional value to their customers but also capture economic profits through diverse strategic initiatives. With its insightful perspective on business, corporate, international, and social strategies, Theory of the Firm for Strategic Management is an essential guide for anyone involved in shaping the strategic path of an organization. This work invites readers to rethink conventional business practices in favor of a renewed emphasis on value creation and long-term success.
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