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The co-evolution of capabilities and transaction costs: Explaining the institutional structure of production

Article Abstract:

The transaction costs and the capabilities that are fundamentally interviewed in the determination of vertical scope, is proposed. It is also argued that capability differences are a necessary condition for vertical specialization and that transaction cost reduction only lead to specialization when capabilities along the value chain are heterogeneous.

Author: Winter, Sidney G., Jacobides, Michael G.
Publisher: John Wiley & Sons, Inc.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2005
Management dynamics, Analysis, Management, Corporations, Company business management, Corporate finance, Cost control, Cost reduction

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Understanding dynamic capabilities

Article Abstract:

The article examines the role of dynamic capabilities, or those which create, modify, or extend a firm's ordinary capabilities. The relative success of these dynamic capabilities depends on the benefits and costs of the investments correlated with ad hoc problem solving.

Author: Winter, Sidney G.
Publisher: John Wiley & Sons, Inc.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2003
Competition (Economics), Comparative analysis, Cost benefit analysis, Resource allocation

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The satisficing principle in capability learning

Article Abstract:

A model of overt learning within organizations is analyzed.

Author: Winter, Sidney G.
Publisher: John Wiley & Sons, Inc.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2000
Econometrics & Model Building, Econometrics, Business models, Organizational learning

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Subjects list: United States, Models
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