EFFICIENCY V STRUCTURE-CONDUCT-PERFORMANCE - IMPLICATIONS FOR STRATEGY RESEARCH AND PRACTICE

The strategic management field has derived many of its theoretical con cepts from other social science disciplines including economics, psych ology, and sociology. Industrial organization (IO) economics and the s tructure-conduct-performance paradigm, in particular, provided many of the building blocks upon which strategy formulation was constructed ( Barney, 1986,- Harrigan, 1981; Porter, 1981). However, some researcher s are now questioning this transfer of theory from IO economics to Str ategic Management (Barney, 1986; Conner, 1991; Hirsch & Friedman, 1986 ; Rumelt, 1984).