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Economic Tools For Telecommunications Strategists

Author

Listed:
  • PhD Lecturer Flaviu MEGHISAN
  • Junior Assistant PhD Student Georgeta-Madalina MEGHISAN

Abstract

Because a firm's plans are impinged upon by a variety of market forces, a set of microeconomic tools should necessarily be applied to strengthen strategic forecasting and policy formulation. There exists a body of evidence in strategic planning which confirms that an understanding of supply and demand dynamics, elasticity, profit maximization, substitution analysis, and indifference curves are essential devices to calibrate strategy and probable competitive response [1]. While planning must address variables outside the domain of economic analysis—politics, social trends, and technological innovation, among them—there is little doubt that the tools described below can be of great assistance in clarifying the competitive landscape and informing the strategic management process.

Suggested Citation

  • PhD Lecturer Flaviu MEGHISAN & Junior Assistant PhD Student Georgeta-Madalina MEGHISAN, 2009. "Economic Tools For Telecommunications Strategists," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(37), pages 108-114, May.
    • Handle: RePEc:aio:aucsse:v:1:y:2009:i:11:p:108-114
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    More about this item

    Keywords

    strategy; tools; telecommunication;
    All these keywords.

    JEL classification:

    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising

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