Chapter

Dynamic Strategies

Hiroyuki Odagiri

in Growth through Competition, Competition through Growth

Published in print May 1994 | ISBN: 9780198288732
Published online November 2003 | e-ISBN: 9780191596711 | DOI: http://dx.doi.org/10.1093/0198288735.003.0004
 Dynamic Strategies

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This chapter formulates the essence of the dynamic strategy of Japanese management, based on the growth maximization hypothesis, and presents a model by which to analyse the firm's choice of growth rate and the valuation ratio (Tobin's q). It also discusses the implications on the investment behaviour of the firm, both investment in physical capital and investment in knowledge capital as typified by research and development (R&D). The mode (direction and means) of growth is also discussed, as well as the factors that contribute to the relative success of innovation in Japan.

Keywords: development; growth; innovation; investment; R&D; research; strategy; Tobin's q; valuation

Chapter.  9328 words.  Illustrated.

Subjects: Business and Management

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