Sunk Costs, Commitment, and Strategy

Commitment is a necessary prerequisite for gaining sustainable competitive advantage. By the way of commitment a firm is able to establish mobility barriers for capital bound in specific assets and to protect thereby supernormal profits against competition by entry barriers.(...)

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Year of publication:	2000-08-01
Authors:	Pedell, Burkhard
Publisher:	Universität <München> / Institut für Produktionswirtschaft und Controlling
Subject:	Versunkene Kosten \| sunk costs \| Wettbewerbsstrategie \| competitive strategy \| Engagement

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Extent:	212992 bytes 27 p. application/pdf
Series:	Ludwig-Maximilians-Universität München - Fakultät für Betriebswirtschaft - Publikationen Münchener Betriebwirtschaftliche Beiträge ; 5 (2000)
Type of publication:	Book / Working Paper
Language:	English
Classification:	L13 - Oligopoly and Other Imperfect Markets ; M40 - Accounting and Auditing. General ; Strategic management ; Corporate finance and investment policy. Other aspects ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005840305