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Strategy, Economic Organization, and the Knowledge Economy The Coordination of Firms and Resources

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This book is available in Oxford Scholarship Online - view abstracts and keywords at book and chapter level.

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Epistemology

Strategy

Ownership & Organization of Enterprises

Strategy, Economic Organization, and the Knowledge Economy

The Coordination of Firms and Resources

Nicolai J. Foss

296 pages | 234x156mm

978-0-19-924064-7 | Hardback | 03 February 2005

Also available as: Paperback

Price: £100.00

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Critical perspectives on the basis for the way in which the knowledge economy changes the ways in which firms organize their activities and form strategy
Argues that knowledge-based and organizational economics approaches to the firm complement one another
Examines what organizational economics has to contribute to debates surrounding the efficiency of organizations, and strategy in the knowledge economy
Looks at the role of complementary HRM practices in fostering knowledge sharing and creation and the role of organizational instruments in the knowledge management activities of multinational firms

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 and the role of complementary HRM practices for fostering knowledge sharing and creation are extensively treated. The book thus contains important implications for knowledge management, organizational design, and firm strategy."

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.

Readership: Academics, Researchers, and Advanced Students in Business and Economics interested in strategy, HRM, knowledge management, organizational theory, international business, and the theory of the firm; and business consultants involved in general management and knowledge management consulting.

The specification in this catalogue, including without limitation price, format, extent, number of illustrations, and month of publication, was as accurate as possible at the time the catalogue was compiled. Occasionally, due to the nature of some contractual restrictions, we are unable to ship a specific product to a particular territory. Jacket images are provisional and liable to change before publication.

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Strategy, Economic Organization, and the Knowledge Economy

The Coordination of Firms and Resources

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