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Economic institutions of strategy


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Summary: Since the publication of Oliver Williamson's Economic Institutions of Capitalism in 1985, new institutional economics approaches have increasingly been used to understand strategic challenges. Economic Institutions of Strategy (EIS) offers an interconnected set of papers that reviews and extends the economic institutional approach to business and corporate strategy bringing together the disparate strands of new institutional economics-based strategy research in a single comprehensive source. The contributors to this volume focus on new institutional economics' insights regarding diversificatio.

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Front cover; Economic Institutions of Strategy; Copyright page; Contents; List of contributors; Foreword to economic institutions of strategy; References; Introduction; Transaction cost economics's legacy within strategy ... thus far; Transaction cost economics in strategy research: A wide-ranging success story; Transaction cost economics: Now a ''background institution'' in strategy researchquest; The goal of this volume; Part I: Development of new technology; Part II: Development of new business opportunity/business model; Part III: Competitive advantage and performance ; Part IV: Corporate strategyPart V: Industry analysis; Part VI: Location, national institutions, and strategy; Part VII: Dynamics; Conclusion; Notes; Reference; Part I: Development of New Technology; Chapter 1. Transaction costs in technology transfer and implications for strategy; Introduction; Patents are of limited importance in knowledge transfer; Patenting channel is not representative of other technology transfer channels; Patenting does not diminish publishing; Notes; Notes; References; Chapter 32. Putting patents in context: Exploring knowledge transfer from MIT; 1. Introduction ; 2. Data and methods3. Results; 4. Conclusions; Acknowledgments; References; Chapter 9. Strategic organization of R&D; 1. Introduction; 2. Strategic decisions in organizing innovation (long-run); 3. Tactical decisions in organizing innovation (short-run); 4. Conclusions; Acknowledgments; References; Part II: Development of New Business Opportunity/Business Model; Chapter 3. Opportunities and new business models: Transaction cost and property rights perspectives on entrepreneurship; Introduction; Transaction cost economics: safeguarding against opportunism; Ownership and entrepreneurial search ; The internal structure of the firm and the growth of entrepreneurial venturesEmployee entrepreneurship and organizational incentives; Entrepreneurship, the formation of beliefs, and the organizational evaluation of opportunities; Concluding discussion; Notes; References; Chapter 4. The problem solving perspective: A strategic approach to understanding environment and organization; 1. Introduction; 2. Theoretical background; 3. The problem solving perspective; 4. Applications; 5. Discussion; 6. Conclusion; Notes; References; Part III: Competitive Advantage and Performance ; Chapter 5. The future of interfirm contract research: Opportunities based on prior research and nontraditional toolsUsing prior literature to identify new opportunities; Using nontraditional tools to identify new opportunities; Future research agenda; Conclusion; References; Chapter 6. Alliances and performance; 1. Putting Oxley (1997) in context: precursors and impact; 2. Engaging the ''who, what, how (and so what) of alliances; 3. Conclusions and suggestions for future research; Notes; Notes; References; References ; Chapter 33. Appropriability hazards and governance in strategic alliances: A transaction cost approach


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