The Emergence of Organizations and Markets

The Emergence of Organizations and Markets PDF

Author: John F. Padgett

Publisher: Princeton University Press

Published: 2012-10-14

Total Pages: 608

ISBN-13: 1400845556

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A dynamic framework for studying social emergence The social sciences have sophisticated models of choice and equilibrium but little understanding of the emergence of novelty. Where do new alternatives, new organizational forms, and new types of people come from? Combining biochemical insights about the origin of life with innovative and historically oriented social network analyses, John Padgett and Walter Powell develop a theory about the emergence of organizational, market, and biographical novelty from the coevolution of multiple social networks. They demonstrate that novelty arises from spillovers across intertwined networks in different domains. In the short run actors make relations, but in the long run relations make actors. This theory of novelty emerging from intersecting production and biographical flows is developed through formal deductive modeling and through a wide range of original historical case studies. Padgett and Powell build on the biochemical concept of autocatalysis—the chemical definition of life—and then extend this autocatalytic reasoning to social processes of production and communication. Padgett and Powell, along with other colleagues, analyze a very wide range of cases of emergence. They look at the emergence of organizational novelty in early capitalism and state formation; they examine the transformation of communism; and they analyze with detailed network data contemporary science-based capitalism: the biotechnology industry, regional high-tech clusters, and the open source community.

Organizations in Time

Organizations in Time PDF

Author: Marcelo Bucheli

Publisher: Oxford University Press on Demand

Published: 2014

Total Pages: 354

ISBN-13: 0199646899

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This book brings together leading organization scholars and business historians to examine the opportunities and challenges of incorporating historical research into the study of firms and markets.

The Emergence of Organizations and Markets

The Emergence of Organizations and Markets PDF

Author: John F. Padgett

Publisher: Princeton University Press

Published: 2012-10-14

Total Pages: 607

ISBN-13: 0691148872

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The social sciences have sophisticated models of choice and equilibrium but little understanding of the emergence of novelty. Where do new alternatives, new organizational forms, and new types of people come from? Combining biochemical insights about the origin of life with innovative and historically oriented social network analyses, John Padgett and Walter Powell develop a theory about the emergence of organizational, market, and biographical novelty from the coevolution of multiple social networks. In the short run, they argue, actors make relations, but in the long run, they argue, actors make actors. Organizational novelty arises from spillover across intertwined networks, which tips reproducing biographical and production flows. This theory is developed through formal deductive modeling and through a wide range of careful and original historical case studies, ranging from early capitalism and state formation, to the transformation of communism, to the emergence of contemporary biotechnology and Silicon Vally. -- from back cover.

Rethinking Power in Organizations, Institutions, and Markets

Rethinking Power in Organizations, Institutions, and Markets PDF

Author: Damon Golsorkhi

Publisher: Emerald Group Publishing

Published: 2012-03-29

Total Pages: 325

ISBN-13: 1780526644

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Organizations are central actors of modern society. No understanding of our world is complete without a theory of how they work. Successful organizations must engage in power-projects. Such is the overarching argument of this volume, a collection of papers by many of the world's leading social scientists and organizational scholars.

The Handbook of Organizational Economics

The Handbook of Organizational Economics PDF

Author: Robert S. Gibbons

Publisher: Princeton University Press

Published: 2013

Total Pages: 1248

ISBN-13: 0691132798

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(E-book available via MyiLibrary) In even the most market-oriented economies, most economic transactions occur not in markets but inside managed organizations, particularly business firms. Organizational economics seeks to understand the nature and workings of such organizations and their impact on economic performance. The Handbook of Organizational Economics surveys the major theories, evidence, and methods used in the field. It displays the breadth of topics in organizational economics, including the roles of individuals and groups in organizations, organizational structures and processes, the boundaries of the firm, contracts between and within firms, and more.

Markets On Trial

Markets On Trial PDF

Author: Michael Lounsbury

Publisher: Emerald Group Publishing

Published: 2010-07-07

Total Pages: 404

ISBN-13: 0857242083

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Since the mid-20th century, organizational theorists have increasingly distanced themselves from the study of core societal power centers and important policy issues of the day. This title addresses the global financial crisis debates and struggles around how to organize economies and societies around the world.

Markets from Culture

Markets from Culture PDF

Author: Patricia H. Thornton

Publisher: Stanford University Press

Published: 2004

Total Pages: 220

ISBN-13: 9780804740210

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Institutional logics, the underlying governing principles of societal sectors, strongly influence organizational decision making. Any shift in institutional logics results in a similar shift in attention to alternative problems and solutions and in new determinants for executive decisions. Examining changes in institutional logics in higher-education publishing, this book links cultural analysis with organizational decision making to develop a theory of attention and explain how executives concentrate on certain market characteristics to the exclusion of others. Analyzing both qualitative and quantitative data from the 1950s to the 1990s, the author shows how higher education publishing moved from a culture of independent domestic publishers focused on creating markets for books based on personal, relational networks to a culture of international conglomerates that create markets from corporate hierarchies. This book offers broader lessons beyond publishing--its theory is applicable to explaining institutional changes in organizational leadership, strategy, and structure occurring in all professional services industries.

Organizations, Markets and Imperial Formations

Organizations, Markets and Imperial Formations PDF

Author: Subhabrata Bobby Banerjee

Publisher: Edward Elgar Publishing

Published: 2009-01-01

Total Pages: 255

ISBN-13: 1848447221

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This edited collection is an extraordinarily welcome text for those of us teaching international management in the US while observing with dismay the lack of critical awareness about the rest of the world in extant disciplinary scholarship. Rather than giving us the view from the rest , the collection advances a temporal and spatial relational approach to understanding globalization and compels its audience to bridge the gap between the west and the rest by bringing to visibility the cultural and material encounters co-constructing them. In this context, the various contributions deconstruct international management as market-based activity, exposing its mode of existence within complex power relations networks extending over time and space. Marta B. Calás, University of Massachusetts, US Organizations, Markets and Imperial Formations offers a set of innovative critiques of contemporary economic globalization. A major theme of the book is that our imperialist histories have resulted in a globalization process that replicates exploitative colonialist patterns. Chapter authors provide insights on a variety of subjects, including a critique of mainstream international management textbooks and the simplistic toolkits they offer to managers; an analysis of how a universalistic view of capitalism and economic organization results in exploitative patterns of resource appropriation; and documentation of the negative consequences of globalization, specifically, patterns of inequality and class segregation. Alison M. Konrad, University of Western Ontario, Canada This authoritative book explores the nexus between organization theory, globalization and imperialism and examines the effects of a global order organized around development and markets. The authors explore how interconnections between organization theory and the global political economy have led to the perpetuation of inequality and active reconfigurations of life, labour and the economy. They contend that cultural ethnocentrism and Western ideologies of development continue to inform the field of organizational studies and offer an alternate mode of theorizing. Through theoretical and empirical reflections, the authors produce a patchwork quilt of innovatively critical approaches to globalization. Graduate students, academics and scholars in the fields of management and organizational sciences, as well as postcolonial, development and globalization studies will find this book of particular interest. It is also an invaluable read for international management and strategy scholars, including those focused on multinational operations in the Third World.

Reinventing the Organization

Reinventing the Organization PDF

Author: Arthur Yeung

Publisher: Harvard Business Press

Published: 2019-09-24

Total Pages: 190

ISBN-13: 1633697711

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Your Company Isn't Fast Enough. Here's How to Change That. The traditional hierarchical organization is dead, but what replaces it? Numerous new models--the agile organization, the networked organization, and holacracy, to name a few--have emerged, but leaders need to know what really works. How do you build an organization that is responsive to fast-changing markets? What kind of organization delivers both speed and scale, and how do you lead it? Arthur Yeung and Dave Ulrich provide leaders with a much-needed blueprint for reinventing the organization. Based on their in-depth research at leading Chinese, US, and European firms such as Alibaba, Amazon, DiDi, Facebook, Google, Huawei, Supercell, and Tencent, and drawing from their synthesis of the latest organization research and practice, Yeung and Ulrich explain how to build a new kind of organization (a "market-oriented ecosystem") that responds to changing market opportunities with speed and scale. While other books address individual pieces of the puzzle, Reinventing the Organization offers a practical, integrated, six-step framework and looks at all the decisions leaders need to make--choosing the right strategies, capabilities, structure, culture, management tools, and leadership--to deliver radically greater value in fast-moving markets. For any leader eager to build a stronger, more responsive organization and for all those in HR, organizational development, and consulting who will shape and deliver it, this book provides a much-needed roadmap for reinvention.

Markets and Hierarchies

Markets and Hierarchies PDF

Author: Oliver E. Williamson

Publisher:

Published: 2009

Total Pages: 0

ISBN-13:

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This study analyzes organization of economic activity within and between markets and hierarchies. It considers the transaction to be the ultimate unit of microeconomic analysis, and defines hierarchical transactions as ones for which a single administrative entity spans both sides of the transaction, some form of subordination prevails and, typically, consolidated ownership obtains. Discusses the advantages of the transactional approach by examining three issues: price discrimination, insurance, and vertical integration. Develops the concept of the organizational failure framework, and demonstrates why it is always the combination of human with environmental factors, not either taken by itself, that causes transactional problems. The study also describes each of the transactional relations of interest, and presents the advantages of internal organization with respect to the transactional condition. The analysis explains why primary work groups of the peer group and simple hierarchy types arise. The same transactional factor which impede autonomous contracting between individuals also impede market exchange between technologically separable work groups. Peer groups can be understood as an internal organizational response to the frictions of intermediate product markets, while conglomerate organization can be seen as a response to failures in the capital market. In both contexts, the same human factors, such as bounded rationality and opportunism, occur. Examines the reasons for and properties of the employment relation, which is commonly associated with voluntary subordination. The analysis attempts better to assess the employment relation in circumstances where workers acquire, during the course of the employment, significant job-specific skills and knowledge. The study compares alternative labor-contracting modes and demonstrates that collective organization is helpful in enhancing the acquisition of idiosyncratic knowledge and skills by the work force. The study then examines more complex structures -- the movement from simple hierarchies to the vertical integration of firms, then multidivisional structures, conglomerates, monopolies and oligopolies. Discusses the market structure in relation to technical and organizational innovation. The study proposes a systems approach to the innovation process. Its purpose is to permit the realization of the distinctive advantages of both small and large firms which apply at different stages of the innovation process. The analysis also examines the relation of organizational innovation to technological innovation. (AT).