From Inside the Firm to the Growth Process¤
نویسندگان
چکیده
This paper argues that the internal organization of the ̄rm and the growth process interact strongly to determine simultaneously the power of incentives within the ̄rm and the growth rate of the economy. We show how agents within the ̄rm can invest either by using their own human capital or by relying on some form of reputational capital to secure implicit relationships within the ̄rm and we discuss how these investments a®ect the growth rate of the economy.
منابع مشابه
A Participative Process of Strategy-Making and Firm Performance in Iranian Pharmaceutical Companies
Pharmaceutical companies are regarded as principal contributors to national economies all over the world owing to their substantial assistance to public health system; GDP, employment, and market growth. Consequently, pharmaceutical managers must take the necessary steps to improve strategy-making and firm performance. This study investigates the relationship between four conventional modes of ...
متن کاملExternal Factors Affecting Firm Growth: Evidence from Small Scale Manufacturing Firms in Tigray Regional State of Ethiopia
It is widely agreed that small scale enterprises (SSEs) used to play a crucial role in achieving the industrial and economic development. Though SSEs play indispensable economic role, studies are limited to analyze the external factors that affect the growth of SSEs independently. Therefore, the objective of this paper is to examine the effect of external firm factors influencing small scale ma...
متن کاملRanking business processes maturity by modified rembrandt technique with considering CMMI dimensions
An organization’s value is substantiated by consistent, high quality processes engineered in its operations and the allocation of the limited resources to achieve the desired objective. Intrinsic to the development of a process are the articulation of a coherent workflow, identification of the optimal skillset required at each stage of the process, and commissioning of the right technology plat...
متن کاملSmall and Medium Business Growth in Agricultural Sector (Case Study: Guilan Province)
Agriculture is one of the pillars of economics and its development requires a particular attention to all production factors. This paper aims to provide a systematic and conceptual model that is based on a conceptualization of the field. For this purpose, the theory and methodology based on data derived from field observations and interviews drawn from a systematic conceptual model of key infor...
متن کاملP23: Use of Business Process through Talent Management
The rapid change in business globalization has developed huge challenges for an organization to maintain sustainable innovation and growth. The change in economic condition increases the interest of business process reengineering to sustain growth and make progressive firm in the world, but 70% organizations in the world have failed to achieve the benefit of business process reengineering (BPR)...
متن کاملPolicy options for value added to different levels of production
This paper presents an analytic procedure for the value added to different production levels with different policy options. The approach is stochastic and thus provides a framework for informed decision-making on productivity growth under uncertainty conditions. The model was applied to data collected from a firm and re-sults recommend that the firm should redevelop if in diversification and sy...
متن کامل