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| 001 | 6041811234621 | ||
| 003 | OSt | ||
| 005 | 20190211161101.0 | ||
| 008 | 060418s2006 xx ||||gr |0|| 0 eng d | ||
| 100 | 1 |
_aJACOBIDES, Michael G. _924859 |
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| 245 | 1 | 0 |
_aThe co-evolution of capabilities and transaction costs : _bexplaining the institutional structure of production |
| 260 |
_aUK : _bWiley, _cMay 2005 |
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| 520 | 3 | _aThis paper proposes that transaction costs and capabilities are fundamentally intertwined in the determination of vertical scope, and identifies the key mechanisms of their co-evolution. Specifically, we argue that capability differences are a necessary condition for vertical specialization; and that transaction cost reductions only lead to specialization when capabilities along the value chain are heterogeneous. Furthermore, we argue that there are four evolutionary mechanisms that shape vertical scope over time. First, the selection process, itself driven by capability differences, dynamically shapes vertical scope; second, transaction costs are endogenously changed by firms that try to reshape the transactional environment to increase their profit and market share; third, changes in vertical scope affect the nature of the capability development process, i.e., the way in which firms improve their operations over time; and finally, the changes in the capability development process reshape the capability pool in the industry, changing the roster of qualified participants. These dynamics of capability and transaction cost co-evolution are illustrated through two contrasting examples: the mortgage banking industry in the United States, which shows the shift from integrated to disintegrated production; and the Swiss watch-manufacturing industry, which went from disintegration to integration. | |
| 650 | 4 |
_aCapabilities _912425 |
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| 650 | 4 |
_aTransaction costs _917481 |
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| 650 | 4 |
_aEvolution _924860 |
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| 650 | 4 |
_aInstitutional structure of production _924861 |
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| 700 | 1 |
_aWINTER, Sidney G. _924862 |
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| 773 | 0 | 8 |
_tStrategic Management Journal _g26, 5, p. 395 - 413 _dUK : Wiley, May 2005 _xISSN 0143-2095 _w |
| 942 | _cS | ||
| 998 |
_a20060418 _b1123^b _cNatália |
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| 999 |
_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c15664 _d15664 |
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| 041 | _aeng | ||