期刊
ORGANIZATION SCIENCE
卷 27, 期 2, 页码 249-264出版社
INFORMS
DOI: 10.1287/orsc.2015.1045
关键词
organizational capabilities; innovation; evolutionary approaches; organizational form; strategy and firm performance; organizational evolution and change; organizational routines; technological change; organizational economics; competitive strategy
类别
The analysis presented here provides a new explanation for why vertically integrated and specialized firms may continue to coexist as industries evolve, especially during time periods when conditions unequivocally favor lower cost specialized firms. In contrast to the common view that firms should match their organizational form to the prevailing nature of technology, vertically integrated firms may rationally choose to stay integrated and bear the sunk costs of developing integrative capabilities as well as the ongoing costs of maintaining them, even when they lose money during some time periods due to competition from lower cost specialized firms. In particular, in industries characterized by successive systemic innovations, which entail interdependence across stages of production, some firms may remain vertically integrated to maintain their capability to innovate over multiple cycles of technological innovation. The results hinge on the sunk costs of long-lived investments in integrative capabilities. An extension to the analysis suggests that vertically integrated firms may retain their organizational form to pioneer systemic innovations in other industries, including industries not subject to frequent technology lifecycles-providing another explanation of product-market diversification and market entry over time.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据