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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, V
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.

History

Publication title

Flexibility and Stability in the Innovating Economy

Editors

Maureen McKelvey and Magnus Holmen

Pagination

201-225

ISBN

0199290474

Department/School

TSBE

Publisher

Oxford University Press

Place of publication

Oxford

Extent

10

Rights statement

Copyright 2011 Oxford University Press.

Repository Status

  • Restricted

Socio-economic Objectives

Technological and organisational innovation

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