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OverviewInnovating successfully is one of the key challenges facing modern managers, firms, and governments. The rise to prominence of Japanese keiretsu in recent years has called into question the effectiveness of traditional western forms of corporate organization. Will the future favour networks of small innovative firms as in California's Silicon Valley, or will giant integrated firms dominate? Should governments play a role in directing the innovation process or should decisions be left to private enterprise? Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to illuminate these topics. The authors first develop a dynamic theory of organizational boundaries that draws on both transaction-cost economics and the dynamic-capabilities or resource-based approach to strategy. They use this theory to propose an alternative explanation for vertical integration, and they emphasize the interplay of organizational form and product design, putting forward the theory of modular systems. In addition to offering detailed case studiesof the early American automobile industry, the stereo-components industry, and the microcomputer industry, the book also turns its attention to the causes of industrial inertia and to the normative questions of organizational form and innovation. The authors argue that innovation is a complex process that defies neat categorization. Different organizational forms may be approporiate depending on teh specific circumstances of technology, organizational competence and consumer knowledge. As a result, government policy needs to faciltate change in a broad way rather than to prescribe organizational forms to attempt to direct innovation. Full Product DetailsAuthor: Richard N. Langlois (University of Connecticut, USA) , Paul L. RobertsonPublisher: Taylor & Francis Ltd Imprint: Routledge Dimensions: Width: 15.60cm , Height: 1.40cm , Length: 23.40cm Weight: 0.430kg ISBN: 9780415121194ISBN 10: 0415121191 Pages: 200 Publication Date: 06 July 1995 Audience: College/higher education , Professional and scholarly , Tertiary & Higher Education , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1 INTRODUCTION 2 CAPABILITIES, STRATEGY AND THE FIRM 3 A DYNAMIC THEORY OF THE BOUNDARIES OF THE FIRM 4 VERTICAL INTEGRATION IN THE EARLY AMERICAN AUTOMOBILE INDUSTRY 5 EXTERNAL CAPABILITIES AND MODULAR SYSTEMS 6 INERTIA AND INDUSTRIAL CHANGE 7 INNOVATION, NETWORKS AND VERTICAL INTEGRATION 8 CONCLUSIONReviewsAuthor InformationRichard N. Langlois is Professor of Economics at the University of Connecticut, Storrs. His research interests include the economics of organization, the economics of technology, and economic history. He is the editor of Economics as a Process: Essays in the New Institutional Economics (1986) and the lead author of Microelectronics: An Industry in Transition (1988). Paul L. Robertson is a Senior Lecturer in the Department of Economics and Management at University College, University of New South Wales. In recent years, he has taught strategic and project management as well as economic history. In addition to many articles, he is the co-author, with Sidney Pollard, of The British Shipbuilding Industry, 1870–1914 (1979). Tab Content 6Author Website:Countries AvailableAll regions |
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