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Author: | Contractor, F. J. Lorange P. |
Title: | The growth of alliances in the knowledge-based economy |
Journal: | International Business Review
2002 : AUG, VOL. 11:4, p. 485-502 |
Index terms: | ALLIANCES KNOWLEDGE ECONOMIC CONDITIONS MANAGEMENT |
Language: | eng |
Abstract: | The prime objective of this article is to identify the environmental and regulatory conditions which have fostered the rapid growth of alliances. By "alliance" the authors include all cooperative arrangements - from "relational contracting" to equity joint ventures. Far from a transient fad, or slowing down, as some observers predicted, the rate of alliance formation may even be picking up in an economy based on ideas rather than material objects. An economy of objects emphasizes mass production, internalized ownership, control and vertical integration. An economy based on knowledge favors customization, flexibility, rapid response and dis- internalization or deconstruction of the value chain. |
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