Abstract The coexistence of firms of noticeably different nature, size and competitiveness is a common feature of market economies. Knowledge, Scale and Transactions in the Theory of the Firm provides a new analytical framework that improves our understanding of the causes underlying different growth paths which lead to heterogeneity in organisational design and performance of firms. The book addresses the relations between basic conditions, decision-making mechanisms and organisational coordination. This allows an examination of the circumstances whereby capabilities, transactions and scale-scope considerations interact in shaping organisational boundaries and performance. 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 the competitiveness of enterprises. It is shown in the book that long-term relational agreements, within and among firms, enhance learning processes and offer powerful tools for improving competitiveness under conflicting interests and informational asymmetries. Dissimilar performances among firms derive from different opportunities and abilities to exploit the combined advantages provided by the development of knowledge, the modes of governance of transactions and the design of the scale and scope of processes.
Knowledge, Scale and Transactions in the Theory of the Firm
MORRONI, MARIO
2006-01-01
Abstract
Abstract The coexistence of firms of noticeably different nature, size and competitiveness is a common feature of market economies. Knowledge, Scale and Transactions in the Theory of the Firm provides a new analytical framework that improves our understanding of the causes underlying different growth paths which lead to heterogeneity in organisational design and performance of firms. The book addresses the relations between basic conditions, decision-making mechanisms and organisational coordination. This allows an examination of the circumstances whereby capabilities, transactions and scale-scope considerations interact in shaping organisational boundaries and performance. 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 the competitiveness of enterprises. It is shown in the book that long-term relational agreements, within and among firms, enhance learning processes and offer powerful tools for improving competitiveness under conflicting interests and informational asymmetries. Dissimilar performances among firms derive from different opportunities and abilities to exploit the combined advantages provided by the development of knowledge, the modes of governance of transactions and the design of the scale and scope of processes.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
