Description
Traditonal western forms of corporate organization have been called into question by the success of Japanese keiretsu. Firms, Markets and Economic Change draws on industrial economics, business strategy, and economic history to develop an evolutionary model to show when innovation is best undertaken. The authors argue that innovation is a complex p
Table of Contents
1 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 CONCLUSION
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