Industrial networks: are they a new and alternative way to conduct business or just a logical consequence of a globalising economy?
AbstractNetworks have been a hot topic in recent years, not only in mainstream media but also in academic literature. The sociological interest in industrial networks is one of multiple levels and surely stems from the question if networks can benefit society. It was the purpose of this paper to research the emergence of the study of networks or industrial networks and validate, using articles concerned with the matter, if they are in fact a new concept in business or not. Considering the review of literature, one can conclude that by no means are networks in business a novelty but a logical consequence of human relationships in general and also that network structures have been present long before their discovery through academia, only not identified as such. It was found that the previous definition of market structures in business, while maneuvering between the two extremes of hierarchy and a free market, may have been too rigid and networks provided an excellent alternative term. It can further be suggested that the study of networks should focus on exchange mechanisms, cultural differences and emotional involvement as industrial networks may differ in their degrees of freedom, scale and purpose but always rely on reciprocity, as do all human relationships.
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Bibliographic InfoPaper provided by Universidade Nova de Lisboa, IET/CESNOVA-Research on Enterprise and Work Innovation, Faculty of Science and Technology in its series IET Working Papers Series with number 07/2011.
Length: 18 pages
Date of creation: Jul 2011
Date of revision:
Networks; industrial networks;
Find related papers by JEL classification:
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-01-25 (All new papers)
- NEP-HME-2012-01-25 (Heterodox Microeconomics)
- NEP-NET-2012-01-25 (Network Economics)
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