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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.Read more
- Sophisticated yet accessible analysis of the properties, behaviour and growth of the firm
- Glossary helps to establish a much-needed common vocabulary for key concepts in the theory of the firm
- A cutting-edge contribution to the debate about the causes of diversity in firms' performance
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"This study, a major contribution to the theory of firm, provides a new analytical framework that improves our understanding of the causes of this diversity in organizational design and performance."
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- Date Published: November 2009
- format: Paperback
- isbn: 9780521123181
- length: 372 pages
- dimensions: 229 x 152 x 21 mm
- weight: 0.55kg
- availability: Available
Table of Contents
Introduction and summary
1. Basic conditions
2. Decision making
3. Organisational co-ordination
4. Wrestling with uncertainty
5. Uncertainty-decreasing strategies within firms
6. By way of a conclusion: growth of the firm as the interplay between the three aspects of organisational co-ordination
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