Market – Hierarchy – Networking: Cooperation in Times of Globalization, Fragmentation, and Uncertainty
New
by
Gero Hocker
Book Details
Format
Paperback / Softback
ISBN-10
3631575262
ISBN-13
9783631575260
Edition
New
Publisher
Peter Lang AG
Imprint
Peter Lang AG
Country of Manufacture
DE
Country of Publication
GB
Publication Date
Sep 29th, 2008
Print length
244 Pages
Weight
336 grams
Dimensions
15.00 x 21.00 x 1.60 cms
Product Classification:
Politics & governmentEconomics
Ksh 8,100.00
Manufactured on Demand
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Due to globalization and increased competition, many international firms have been adopting outsourcing strategies in order to cut costs by decreasing their degree of vertical integration. However, this strategy causes new problems. For instance, fragmentation of the company’s value chain causes uncertainty with respect to the quality and availability of resources and the reliability of transaction partners. Further, the number of potential transaction partners has increased with the abolishment of trade barriers, which not only increases uncertainty, but also the complexity of the processes. International firms are managing these problems with different organizational structures and contractual arrangements with their transaction partners, while others have been evolutionary emerging.
Due to globalization and increased competition, many international firms have been adopting outsourcing strategies in order to cut costs by decreasing their degree of vertical integration. However, this strategy causes new problems. For instance, fragmentation of the company’s value chain causes uncertainty with respect to the quality and availability of resources and the reliability of transaction partners. Further, the number of potential transaction partners has increased with the abolishment of trade barriers, which not only increases uncertainty, but also the complexity of the processes. International firms are managing these problems with different organizational structures and contractual arrangements with their transaction partners, while others have been evolutionary emerging.
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