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The Effects of Technological Change on the Boundaries of Existing Firms
chapter
posted on 2023-05-22, 11:36 authored by Robertson, P, Gianmario, VThis 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.
History
Publication title
Flexibility and Stability in the Innovating EconomyEditors
Maureen McKelvey and Magnus HolmenPagination
201-225ISBN
0199290474Department/School
TSBEPublisher
Oxford University PressPlace of publication
OxfordExtent
10Rights statement
Copyright 2011 Oxford University Press.Repository Status
- Restricted