Firms, Organizations and Contracts: A Reader in Industrial Organization

By Peter J. Buckley; Jonathan Michie | Go to book overview
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Introduction and Overview
Peter Buckley and Jonathan MichieThe literature contained and reviewed in this volume represents a strand of intellectual endeavour that has a broad relevance. The concepts it raises have widespread applications, particularly to business behaviour and the planning of corporate strategy. The practical scope of its application covers:
the 'make or buy' decision of firms,
vertical links between firms,
horizontal integration and internalization decisions,
the use of subcontracting and co-operative forms of doing business,
alternative governance structures in firms,
foreign market servicing and sourcing decisions in the internationalization of firms,
the internal management processes of firms (including teamwork and business process re-engineering),
the organizational architecture adopted by companies, and accounting practice and cost control.

Each of these applications is briefly treated below.

This extensive list suggests that this volume should be of interest not only to those academics, practitioners, and students who define themselves as economists, but also to those involved with corporate planning, business strategy, international business, organizational behaviour, human resource management, finance, and accountancy. Many of these readings are suitable for MBA courses and modules for which students need to display a fundamental grasp of key concepts. The study of industrial organization in its modern form has transcended its former attachment to 'structure-conduct- performance' models; it now demonstrates a rather more eclectic choice of method (including, importantly, game-theoretic approaches) and scope. The introduction of institutionalist, evolutionary, and critical perspectives makes


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Firms, Organizations and Contracts: A Reader in Industrial Organization
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