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The Business of Economics$
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John Kay

Print publication date: 1996

Print ISBN-13: 9780198292227

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198292228.001.0001

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Firms and Industries

Firms and Industries

(p.193) 20 Firms and Industries
The Business of Economics

John Kay (Contributor Webpage)

Oxford University Press

This final chapter begins with surveys of two industries – once hugely successful, recently in serious decline – the Lloyd's insurance market and the British horse racing industry. It continues with a discussion of the decline of Saatchi and an examination of the retail financial services industry. It concludes by exploring two generic issues for all firms and all industries; namely what the core businesses are and when there is a need for consolidation.

Keywords:   competitive advantage, competitive strategy, consolidation, core business, corporate strategy, financial services, insurance, Lloyd's, racing, Saatchi

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