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... > social science subjects > business and management > organization studies > organization studies encyc > approaches to organization theory > organizational economics > market-based theory
... > social science subjects > business and management > organization studies > organization studies encyc > organizational economics > market-based theory

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market-based theory  

Definition

  • Market-based theory (MBT) of organizations, notably firms, refers to a conceptual paradigm that puts markets center stage in its explanation of the nature, growth, and strategies of firms. The disciplinary foundation of such theories is economics, in particular microeconomics and industry organization (IO) economics. [Source: International Encyclopedia of Organization Studies; Market-Based Theory]

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https://concepts.sagepub.com/social-science/concept/market-based_theory

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