Strategy, Economic Organization, And Knowledge Economy

Description:
The rise of the knowledge economy has far-reaching implications for the nature of economic organization as well as firm strategy. Not surprisingly, thinking in management studies as well as in economics has been profoundly affected by these changes. Thus, management thinking in particular has been increasingly characterized by a schism between those who advocate 'knowledge' or 'capabilities-based' approaches in the strategy and organization fields and those who adopt more economics-influenced approaches, notably the economics of organization. This book is a sustained attempt to overcome this schism. Its basic argument is that knowledge-based and organizational economics approaches are not substitutes but complements. In particular, organizational economics has much to contribute with respect to furthering the understanding of efficient organization and strategy in the emerging knowledge economy. This theme is taken through several theoretical as well as empirical variations. Themes such as the incentive liabilities of flat, 'knowledge-based' organizations, the role of complementary HRM practices for fostering knowledge sharing and creation, and the role of organizational instruments in the knowledge management activities of the multinational corporate are extensively treated. The book thus contains important implications for knowledge management, organizational design, and international management. The book encompasses nine chapters which critically examine current thinking on strategy, and organization. The reasoning is non-technical. While primarily aimed at a management studies audience, economists and other social scientists will also benefit from it, including Advanced Students, Academics, and Researchers.

Table of Contents:
1. Strategy and Economic Organization in the Knowledge Economy; PART I: STRATEGY: CRITICAL PERSPECTIVES; 2. The Strategic Theory of the Firm; 3. The Resource-Based View: Aligning Strategy and Competitive Equilibrium; 4. Knowledge-Based Views of the Firm; 5. Strategy, Resources, and Transaction Costs; PART II: ORGANIZATION: CRITICAL PERSPECTIVES; 6. Economic Organization and the Knowledge-Economy; 7. Internal Organization in the Knowlege Economy: The Rise and Fall of the Oticon Spaghetti Organization; 8. Performance and Organization in the Knowledge Economy: Innovation and New Human Resource Management Practices; 9. Leadership and Coordination in the Knowledge Economy