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Business To Business Exchanges: A Rich Descriptive Apparatus Derived From Macneil’s and Menger’s Analyses[Note 1. The author wishes to thank the five anonymous reviewers ...]
Author(s) -
Blois Keith
Publication year - 2002
Publication title -
journal of management studies
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 4.398
H-Index - 184
eISSN - 1467-6486
pISSN - 0022-2380
DOI - 10.1111/1467-6486.t01-1-00302
Subject(s) - corporate governance , hierarchy , variety (cybernetics) , business , marketing , industrial organization , sociology , management , economics , market economy , computer science , artificial intelligence
The dichotomy ‘market’ or ‘hierarchy’ has exercised a dominant influence on the study of forms of governance and their operation for some time. However, in the past two decades there have been large numbers of investigations of intermediate forms of governance. Subsequently it has been recognized that the behaviour that occurs within exchanges is not determined by the forms of governance used and this points to a need to understand behaviour within a variety of exchanges. An apparatus, based on Macneil’s analysis, in conjunction with Menger’s insights into the nature of exchanges, for describing behaviour within exchanges is proposed.