Knowledge, Scale and Transactions in the Theory of the FirmCambridge University Press, 2006 M05 18 Firms in market economies vary enormously in size, nature and competitiveness. In this important contribution to the literature on the theory of the firm, Mario Morroni provides a fresh analytical framework which improves our understanding of the causes of this diversity in organisational design and performance. The relations between internal and external basic conditions, decision-making mechanisms and organisational co-ordination are addressed, as are the circumstances in which capabilities, transactions and scale-scope considerations interact. With the emergence of the knowledge-based economy and the increasing pressure of global competition, the development of capabilities is acquiring ever greater importance in boosting competitiveness. Morroni shows that long-term relational agreements enhance learning processes and offer powerful tools for improving competitiveness in a context of conflicting interests, incomplete knowledge and uncertainty. |
Contents
25 | |
Section 2 | 41 |
Section 3 | 44 |
Section 4 | 48 |
Section 5 | 57 |
Section 6 | 59 |
Section 7 | 60 |
Section 8 | 63 |
Section 17 | 131 |
Section 18 | 150 |
Section 19 | 152 |
Section 20 | 181 |
Section 21 | 186 |
Section 22 | 189 |
Section 23 | 205 |
Section 24 | 207 |
Section 9 | 79 |
Section 10 | 82 |
Section 11 | 89 |
Section 12 | 90 |
Section 13 | 97 |
Section 14 | 104 |
Section 15 | 119 |
Section 16 | 130 |
Section 25 | 213 |
Section 26 | 232 |
Section 27 | 240 |
Section 28 | 245 |
Section 29 | 247 |
Section 30 | 251 |
Section 31 | 256 |
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Common terms and phrases
analysis aspects of organisational asymmetric information basic conditions behaviour bounded rationality business organisations capabilities characteristics cognitive rationality commodities complete contracts costly decision decision-making dimension of scale division of labour Dosi economies of scale efficiency Egidi employees enforcement exchange external favours firm firm’s forecasting ability growth heterogeneous Hodgson implies incomplete forecasting increasing returns individual abilities information and knowledge information-processing ability informational asymmetries innovative activity inputs instance interaction interest internal involves learning processes learning-by-doing linked Loasby managerial Marengo Milgrom and Roberts moral hazard myopia operational opportunism optimisation organisational coordination outcomes ownership parties Penrose perfect rationality performance possible probability distribution production elements production process productive capacities radical uncertainty relational agreements relationship returns to scale risk role Rosenberg routines sequential aiming set-up process social specialisation suppliers tacit knowledge technical theoretical knowledge theory three aspects tion transaction cost economics transaction costs weak uncertainty Williamson
References to this book
Localised Technological Change: Towards the Economics of Complexity Cristiano Antonelli No preview available - 2008 |