Min Hang (auth.)'s Media Corporate Entrepreneurship: Theories and Cases PDF

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Extra resources for Media Corporate Entrepreneurship: Theories and Cases

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Therefore, what are physically the same resources to different firms may economically be different resources, because the relevant firms are not equally capable of protecting the relevant attributes. Foss & Foss proposed that the IO and RBV should be integrated in order to achieve a better understanding of the property rights. In another study, Combs and Ketchen (1999) proposed the reconciliation of the resource and economics perspectives too. They examined 94 publicly held restaurant chains, and found that firms do not simply respond to the logic of only the RBV or IO, but rather react to contingencies identified by both.

In 1963, Richard Cyert and James March initiated a ‘realism in process’ approach to the study of organization in their book: A Behavioural Theory of the Firm, which suggested that the firm’s behaviour is the weighted outcome of individual conflicts, and organizational mechanisms exist to maintain conflict at levels that are not unacceptably detrimental. 42 3 Corporate Entrepreneurship and Organizational Decisions This theme was echoed by Richard Nelson and Sideny Winter in their book: An Evolutionary Theory of Economic Change (1982).

Is needed. To distinguish between the hierarchical venturing organizational modes and market venturing organizational modes is important as the decisions on organizational structural options, to a great extent, are decisions between hierarchical schemes and market schemes. Firms differ in how to select different modes for venturing. Some firms are clearly focused on market venturing modes and develop a rich spectrum of organizational arrangements, while others focus more on hierarchical venturing modes and only use relationships to support internal business creation.

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