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This chapter explores the reciprocal relationship between technological innovation and the boundaries of the firm, and the paths in which firm boundaries might be expected to follow under different circumstances. It argues that while one might follow Langlois (2003) in believing that there will be a tendency for large, vertically-integrated firms to become less common in the technological environment that is currently unfolding, other tendencies will also be afoot, leading to a spectrum of different types of inter- and intrafirm relationships. This includes the creation of new giant enterprises whose evolution in the early 20th century was described by Chandler (1962, 1977) as the imposition of a ‘visible hand’ to reduce uncertainties in market-based relationships.

Item Type:	Research Book Chapter
Keywords:	industrial dynamics, technological innovation, boundaries of firms, visible hand, vertical integration, relationships of firms
Research Division:	Commerce, Management, Tourism and Services
Research Group:	Strategy, management and organisational behaviour
Research Field:	Innovation management
Objective Division:	Economic Framework
Objective Group:	Management and productivity
Objective Field:	Technological and organisational innovation
UTAS Author:	Robertson, P (Professor Paul Robertson)
ID Code:	48238
Year Published:	2006
Deposited By:	Australian Innovation Research Centre
Deposited On:	2007-08-01
Last Modified:	2012-10-09
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