By George Hendrikse, Josef Windsperger (auth.), Prof. Dr. George Hendrikse, Docent Dr. Mika Tuunanen, Prof. Dr. Josef Windsperger, Prof. Dr. Gérard Cliquet (eds.)
The ebook emphasizes learn in economics and administration of networks as an interdisciplinary box by way of supplying new theoretical views and featuring new empirical effects on strategic and governance constitution concerns in cooperatives, franchising networks, alliances, joint ventures and enterprise capital kin. The authors practice diversified theoretical perspectives on networks, resembling transaction rate concept, estate rights idea, source- and knowledge-based idea, evolutionary thought, details richness idea and social trade theory.
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The e-book emphasizes study in economics and administration of networks as an interdisciplinary box by means of providing new theoretical views and featuring new empirical effects on strategic and governance constitution concerns in cooperatives, franchising networks, alliances, joint ventures and enterprise capital kin.
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Additional info for Strategy and Governance of Networks: Cooperatives, Franchising, and Strategic Alliances
Nonetheless, producer groups are not classic firms. Firms integrate property rights, thus subsuming all transaction costs related to the production of goods and/or services (M´enard, 2005: 294). Farmers associated in producer groups do not integrate property rights and do not merge their farms into one organization. Each of them individually makes the final decision on how to produce the good and when and to whom to sell it. Producer groups of informal character cannot even sign any official agreement with purchasers on behalf of farmers, since they do not have a legal form recognized by law.
Princeton University Press, Princeton, NJ. Menard, C. (2007). Cooperatives: Hierarchies or hybrids? In K. Karantininis and J. Nilsson (Eds), Vertical Markets and Cooperative Hierarchies. Springer, Berlin Heidelberg New York, 1–17. Milgrom and Roberts J. (1990). The economics of modern manufacturing: Technology, strategy, and organization. American Economic Review, 80(3), 511–528. Pencavel, J. (2001). Worker Participation. Russell Sage Foundation. Phillips, R. (1953). Economic nature of the cooperative association.
Given effective threats and an appropriate reputation, a leader with enhanced capabilities can employ a trigger strategy to initiate and sustain cooperative behavior of followers in repeated prisoner’s dilemma plays (Bianco and Bates, 1990: 144). Leadership could also improve observability of members’ decisions and actions. Under the above circumstances cheating on implicit agreements becomes less attractive (Hendrikse, 2007: 142). However, developing an adequate information system among partners also matters.
Strategy and Governance of Networks: Cooperatives, Franchising, and Strategic Alliances by George Hendrikse, Josef Windsperger (auth.), Prof. Dr. George Hendrikse, Docent Dr. Mika Tuunanen, Prof. Dr. Josef Windsperger, Prof. Dr. Gérard Cliquet (eds.)