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Profit

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The Palgrave Encyclopedia of Strategic Management

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Abstract

The field of strategic management deals with fundamental questions about how company profits emerge and persist. After a short definition of the term, we will therefore discuss how to empirically measure firms’ profit, discuss the key determinants of the observed variance in firms’ profit, and analyse whether these differences in profits are persistent.

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Author information

Authors and Affiliations

  1. Bocconi University, Milan, Italy

    Giovanni Valentini

Authors
  1. Giovanni Valentini
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Corresponding author

Correspondence to Giovanni Valentini .

Editor information

Editors and Affiliations

  1. GSBPP, Naval Postgraduate School, Monterey, CA, USA

    Mie Augier

  2. Berkeley Research Group, LLC, Emeryville, CA, USA

    David J. Teece

  3. Haas School of Business, University of California, Berkeley, Berkeley, CA, USA

    David J. Teece

Copyright information

© 2018 The Author(s)

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Cite this entry

Valentini, G. (2018). Profit. In: Augier, M., Teece, D.J. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-00772-8_508

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