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Books > Business & Economics > Business & management > Management & management techniques > Organizational theory & behaviour
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Changing Capitalisms? - Internationalization, Institutional Change, and Systems of Economic Organization (Hardcover, New)
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Changing Capitalisms? - Internationalization, Institutional Change, and Systems of Economic Organization (Hardcover, New)
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An increasing number of studies in the last decade or so have
emphasized the viability and persistence of distinctive systems of
economic coordination and control in developed market economies.
Over more or less the same period, the revival of institutional
economics and evolutionary approaches to understanding the firm has
focused attention on how firms create distinctive capabilities
through establishing routines that coordinate complementary
activities and skills for particular strategic purposes. For much
of the 1990s these two strands of research remained distinct. Those
focusing on the institutional frameworks of market economies were
primarily concerned with identifying complementaries between
institutional arrangements that explained coherence and continuity.
On the other hand, those focusing on the dynamics of firm behavior
studied how firms develop new capacities and are able to learn new
ways of doing things.
This book aims to bring together these approaches. It consists of
a set of theoretically motivated and empirically informed chapters
from a range of internationally known contributors to these
debates. In their chapters, the authors show how institutions and
firms evolve. Ideas of path dependency and complementarity of
institutions are subjected to critical scrutiny both by reference
to their own internal logic and to empirical examples. Varieties of
institutional integration, the surprising maintenance of 'deviant'
or alternative traditions and processes, and the existence of
unpredictable yet consequential policy options that can lead to
breaks in path dependency are scrutinized with particular reference
to how national and international firms may relate toinstitutions
at various levels as a diverse arena of potential resources rather
than as a singular and determinant constraining force. The book
provides a set of theoretical and empirical challenges for
researchers concerned with the relationship between national
institutional contexts and firm dynamics. For those involved in
teaching or studying at doctoral, Masters and higher level
undergraduate courses, the book provides a structured entry into
the debates about how institutions and firms are changing in the
contemporary era.
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