search query: @indexterm FIRM (THEORY OF) / total: 191
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| Author: | Conner, K. R. Prahalad, C. K. |
| Title: | A resource-based theory of the firm: knowledge versus opportunism |
| Journal: | Organization Science
1996 : SEP/OCT, VOL. 7:5, p. 477-501 |
| Index terms: | FIRM (THEORY OF) NATURAL RESOURCES KNOWLEDGE STRATEGY TRANSACTION COSTS |
| Language: | eng |
| Abstract: | A resource-based - knowledge-based - theory of a firm is developed in this article. The organizational mode through which peoples cooperate affects the knowledge they apply to business activity. The article focuses on the polar cases of organization withing a firm as compared to market contracting. the aim is to develop an empirically relevant and complementary theory of why firms are formed: a theory based on irreducible knowledge differences between peoples rather than the threat of purposeful cheating or withholding of information. It is determined whether resource-based theory has independet force as compared to the opportunism-based, transaction-cost approach. The resource-based predicitons of organizational mode are compared and contrasted with corresponding opportunism-based transaction-cost ones. |
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