Competition, strategic management and industrial restructuring of Europe after 1992

Abstract

This paper shows how European market integration can provide a better environment for European firms and promote the creation of stronger competitive advantages. The first part focuses on how European market integration changes the competitive process and influences both the corporate strategies and the internal organization of European firms. The second part deals with the ways in which the adjustment of corporate strategies influences restructuring within European industries through mergers, acquisitions, and cooperation agreements between firms. The last part compares empirical findings regarding mergers, acquisitions, and cooperative agreements with the theoretical arguments developed in the first two parts of the paper.

Citation

Sleuwaegen, L. (1995), "Competition, strategic management and industrial restructuring of Europe after 1992", Rugman, A.M., Van Den Broec, J. and Verbeke, A. (Ed.) Beyond The Diamond (Research in Global Strategic Management, Vol. 5), Emerald Group Publishing Limited, Leeds, pp. 229-266. https://doi.org/10.1016/S1064-4857(95)05010-8