By David J Teece
ISBN-10: 9812568506
ISBN-13: 9789812568502
This publication explores elements which influence the viability and progress of commercial organisations. particularly, the function of entrepreneurship, organizational studying, and company process - together with licensing technique - are thought of in a few aspect. It provides basic pondering company association and offers the conceptual framework that students have to comprehend advanced enterprise association, managerial methods, and aggressive approach.
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Extra info for Technological Know-How, Organizational Capabilities, And Strategic Management: Business Strategy And Enterprise Development in Competitive Environments
Example text
Organizational rationality can exist. despite individuals' bounded rationality, if rules, routines, and procedures guide individual decision making. The openness of markets, stronger intellectual property protection, increasing returns, the unbundling of artifacts and information, and the possibilities for "integration" using new information technology are necessarily a part of the sensemaking milieu. Information receipt and interpretation is by no means restricted in its importance to the understanding of business, market.
Porter, The Competitive Advantage of Nations (New York, NY: Free Press, 1990). 27. See K. Clark and T. Fujimoto, Product Development Performance: Strategy, Organization, and Management in the World Auto Industries (Cambridge, MA: Harvard Business School Press, 1991). 28. Nelson and Winter, op. cit. 29. Competences may in turn be embedded in other corporate assets, including assets complementary to knowledge assets. 30. S. Winter, "Knowledge and Competence as Strategic Assets," in D. , The Competi· tive Challenge: Strategies for Industrial Innovation and Renewal (New York, NY: Harper & Row, Ballinger Division, 1987).
Moreover, ownership requires special policing powers for value preservation. , locks and keys) don't suffice to protect owners; confidence in contracting and the legal system is necessary to support value. , identical nonexclusive patent license), intellectual property is itself highly variegated. This complicates exchange by making valuation difficult and by rendering markets thin. Thin markets are likely to be less robust than thick markets. Moreover, both buyers and sellers are likely to wish to customize transactions.
Technological Know-How, Organizational Capabilities, And Strategic Management: Business Strategy And Enterprise Development in Competitive Environments by David J Teece
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