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In certain papers, such as Lucas (1978), and others that followed, individuals differ in entrepreneurial skills and production takes place with labour and capital inputs in organizationally irrelevant firms.
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We disagree with claims in earlier OM literature that industrial policy is all but irrelevant to manufacturing firms and to OM.
National borders are becoming irrelevant for these firms, and the stock market has rewarded them for their global strategy.
Egged on by governments concerned about energy security, once-irrelevant Asian energy firms gobbled up oil and gas everywhere from Ecuador to Canada to Kazakhstan.
Therefore, when the market is efficient, ownership concentration is irrelevant for the firm.
Notice that in this case, informational asymmetries are irrelevant, and the firm is better off when it extracts all the surplus from both types of hospitals instead of only from the high prevalence ones.
Because the technology displays constant returns to scale, the precise number of firms is irrelevant.
First, Gollin assumes, as does Lucas (1978), that individuals in the economy differ in entrepreneurial skills and that the internal organization of firms is irrelevant.
But some regulators say that the number of exempt firms is largely irrelevant.
Mr Bhatt notes that India's banks need to expand with their corporate customers, or "sooner or later you will be irrelevant".Forming alliances with local firms is one way of strengthening a string of pearls.
Schlein brings up a good point in that without younger talent, or partners who have outside operational experience, firms risk being irrelevant in the current, dynamic world of technology.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com