Article or data-article in scientific journal (B1)

Book Review: Global Oligopoly. A Key Idea for Business and Society, C. Carr, Routledge, Abingdon (2020) Book Review.




List of AuthorsPeter Zettinig

PublisherElsevier

Publication year2020

JournalJournal of International Management

Article number100808

Volume number26

Issue number4

Number of pages2

ISSN1075-4253

eISSN1075-4253

DOIhttp://dx.doi.org/10.1016/j.intman.2020.100808

URLhttps://www.sciencedirect.com/science/article/pii/S1075425320305809


Abstract

The balance between parsimony and comprehensiveness is a matter of choice and Prof. Chris Carr develops an industrial organization perspective to address this question. The central thesis of his book, Global Oligopoly, in a specific sector, competition is the main determinant of firms' survival and success. Industries mature over time, they undergo consolidation and economic power gets concentrated, leaving the majority of the combined market share in an industry in the hand of very few competitors. An evolutionary perspective would argue that these are the firms that are best adapted to their operational environment. Carr remains skeptical. He asserts that our understanding of oligopolies, in the contexts of specific sectors and industries is underdeveloped or lacking. He doubts that good strategies can be created without understanding the competitive patterns generated by the top players in an industry. His promise is that, after absorbing this book, one will grasp the phenomenon of global oligopoly and how to handle it for strategic purposes. As such, the book targets audiences ranging from academic researchers to consultants, managers, students of a variety of disciplinary subjects and policy makers concerned with antitrust regulations.


Last updated on 2021-24-06 at 08:23