Questions relating to the existence and nature of firms have become major issues in economics in recent years. The agenda in this area has been largely set by transaction cost economics (Coase, Williamson), an approach which provides a basis for explaining the boundaries and structure of the firm in a variety of contexts. This book follows the agenda set by transaction cost economics, but is unique in providing improved explanations of individual phenomena as well as a more general framework for analyzing the nature and behavior of firms. He illustrates his argument with sixty figures which present the relations between firms in a graphic form.
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Book Description
Editorial Reviews
Review
`Throughout, he uses well-constructed figures to illustrate relationships and structures ... very useful and well-written.' Times Higher Education Supplement
About the Author
Professor of Business Economics at the University of Strathclyde. He was previously Reader in Economics at Heriot-Watt University and also Lecturer at Nottingham and Strathclyde Universities. He has held two Visiting Associate Professorships in the University of California (Irvine, 1980-2) and was Visiting Professor at the European University (Florence, 1987-8). He has been a member of ACOST (Cabinet Office) and DTI working parties. He has advised private and governmental institutions, including the EC Commission and United Nations Development Programme (UNDP). He has published four books and numerous articles of research on industrial economics and corporate strategies, particularly on topics of diversification, multinationalism, and innovation.
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0 of 1 people found the following review helpful:
2.0 out of 5 stars
An attempt to understand corporate evolution, but there is absolutely nothing novel in this book. Thus a big disappointment,
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This review is from: Pattern in Corporate Evolution (Paperback)
This looks like an interesting book at first sight, because it has a lot of intricate diagrams. However, when you start reading it you realise that there is absolutely nothing novel in the book. The empirical examples are not especially detailed or novel. And the theoretical framework doesn't add anything to our existing knowledge base. The book is not a fraud so in my mind it is a two star book
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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single firm operation, residual interdependencies, limited comparators, lighter firm, incremental linkages, neoclassical agenda, further expansion opportunities, conglomerate strategy, sports goods manufacturer, multinational option, exporting option, conglomerate strategies, small firm networks, specialization option, hierarchical alternatives, middle firm, linkage length, large diversified firms, conglomerate management, marketing linkages, hard selection, joint venture activity, linkage strength, spoke theories, unrelated strategies Key Phrases - Capitalized Phrases (CAPs): (learn more)
Financial Times, Cadbury Schweppes, Annual Report, Trafalgar House, General Electric, Hillsdown Holdings, Eclectic Paradigm, National Lottery, John Brown, Maple Leaf Foods, Hewlett Packard, Hilton International, Hoffman-La Roche, Investors Chronicle, Scottish School, Third World New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
single firm operation, residual interdependencies, limited comparators, lighter firm, incremental linkages, neoclassical agenda, further expansion opportunities, conglomerate strategy, sports goods manufacturer, multinational option, exporting option, conglomerate strategies, small firm networks, specialization option, hierarchical alternatives, middle firm, linkage length, large diversified firms, conglomerate management, marketing linkages, hard selection, joint venture activity, linkage strength, spoke theories, unrelated strategies Key Phrases - Capitalized Phrases (CAPs): (learn more)
Financial Times, Cadbury Schweppes, Annual Report, Trafalgar House, General Electric, Hillsdown Holdings, Eclectic Paradigm, National Lottery, John Brown, Maple Leaf Foods, Hewlett Packard, Hilton International, Hoffman-La Roche, Investors Chronicle, Scottish School, Third World New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
15
books
cite this book:
See all 15 books citing this book
- The Nature of the Transnational Firm by Christos Pitelis on page 8, and page 161
- The Growth of the Firm: The Legacy of Edith Penrose by Christos Pitelis on page 100, and page 163
- The Growth of the Firm: The Legacy of Edith Penrose by Christos Pitelis on page 100, and page 163
- Knowledge, Institutions and Evolution in Economics (The Graz Schumpeter Lectures) by Brian Loasby in Back Matter
- The Fundamental Institutions of Capitalism (Routledge Frontiers of Political Economy) by Ernesto Screpanti in Back Matter
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