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Corporate Non-market Strategy Theoretical System and Its Inherent Dominant Mechanism |
XIE Pei-Hong, HE Xiao-Guang, YAN Hai-Yan |
1.Shanghai Institute of Foreitgn Trade,Shanghai, China;2.Guangdong University of Business Studies, Guangzhou, China |
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Abstract Based on non-market environment, the paper defines the concept of non-market strategy. The non-market strategy system includes mainly corporate political strategy, social public and media strategy, and corporate social responsibility strategy, etc. The paper argues that market strategy is ruled by unique mechanism, but the dominant logic of non-market strategy is legitimacy mechanism. To obtain sustainable competitive advantage and excellent performance, firms should integrate market strategy and non-market strategy for seeking synergy effects.
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Received: 14 November 2008
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