Lunch seminar with Ram Mudambi, Temple University, USA.

LONGING TO BELONG: THE GOVERNANCE OF KNOWLEDGE-INTENSIVE ORGANIZATIONS

We extend the transaction cost economics framework to account for organizational forms including network organizations, research alliances and open-source communities. Drawing on social identity and embeddedness theories, we propose a social structure dimension to complement the transaction specification dimension and a novel form . democracy . to round out the market, (hybrid), hierarchy, clan array. The resulting taxonomy offers insight into the fit between forms and environmental conditions and into the evolution of organizational forms.