Strategy, Economic Organization, and the Knowledge Economy
The Coordination of Firms and Resources
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Product details:
- Publisher OUP Oxford
- Date of Publication 29 June 2006
- ISBN 9780199205325
- Binding Paperback
- No. of pages296 pages
- Size 235x160x20 mm
- Weight 492 g
- Language English
- Illustrations 10 tables, 4 figures 0
Categories
Short description:
The advent of the knowledge economy changes the ways in which firms organize their activities and how they strategize in the market place. This non-technical volume lays the foundations for an analysis of these phenomena. In particular, it shows how 'knowledge-based approaches' in management studies may be complemented by key ideas from the economics of organization. The discussion is both theoretical and empirical.
MoreLong description:
The rise of the knowledge economy has far-reaching implications for the nature of economic organization as well as firm strategy. Not surprisingly, thinking in management studies as well as in economics has been profoundly affected by these changes. Thus, management thinking in particular has been increasingly characterized by a schism between those who advocate 'knowledge' or 'capabilities-based' approaches in the strategy and organization fields and those who adopt more economics-influenced approaches, notably the economics of organization.
This book is a sustained attempt to overcome this schism. Its basic argument is that knowledge-based and organizational economics approaches are not substitutes but complements. In particular, organizational economics has much to contribute with respect to furthering the understanding of efficient organization and strategy in the emerging knowledge economy. This theme is taken through several theoretical as well as empirical variations. Themes such as the incentive liabilities of flat, 'knowledge-based' organizations, the role of complementary HRM practices for fostering knowledge sharing and creation, and the role of organizational instruments in the knowledge management activities of the multinational corporate are extensively treated. The book thus contains important implications for knowledge management, organizational design, and international management.
The book encompasses nine chapters which critically examine current thinking on strategy, and organization. The reasoning is non-technical. While primarily aimed at a management studies audience, economists and other social scientists will also benefit from it, including Advanced Students, Academics, and Researchers.
Review from previous edition Nicolai Foss brings critical and integrative insights to organizations and management. Those interested in understanding new developments in strategic management will find this book compelling.
Table of Contents:
Strategy and Economic Organization in the Knowledge Economy
Part I: Strategy: Critical Perspectives
The Strategic Theory of the Firm
The Resource-Based View: Aligning Strategy and Competitive Equilibrium
Knowledge-Based Views of the Firm
Strategy, Resources, and Transaction Costs
Part II: Organization: Critical Perspectives
Economic Organization and the Knowledge-Economy
Internal Organization in the Knowlege Economy: The Rise and Fall of the Oticon Spaghetti Organization
Performance and Organization in the Knowledge Economy: Innovation and New Human Resource Management Practices
Leadership and Coordination in the Knowledge Economy
