Strategic management and the firm1

Strategic management and the firm1 - Strategic Management...

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Strategic Management and the Environment Fall Term, 2007, MW, 3:30-5:20 Bren Hall 1414 Office Hours 1-2, MW, but stop by any time Gary D. Libecap 4412 Bren Hall 893-8611 8 glibecap@bren.ucsb.edu Course objective: To understand the environmental challenges facing firms, the constituencies and constraints they face in responding to them, the conditions under which firms will take action voluntarily, and the impact/politics of government regulation. This understanding will allow students to be leaders within firms or in working with firms in achieving environmental and natural resource objectives.
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Strategic Management and the Environment What we will do in the course: Analyze the firm and the forces that affect its behavior— constituencies and constraints. Firms and market conditions are heterogeneous. Not all are the same. Not all will react to environmental and resource issues similarly. Review the problem of externality. Most environmental and resource problems involve externalities—non-internalized costs or in some cases, benefits. Private costs and benefits ≠ social costs and benefits. Too much or too little of a bad (pollution) or a good (amenities). Property rights issue. Why? How to have the
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Strategic management and the firm1 - Strategic Management...

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