The present article is taken up with the dynamics of economic organization. In particular, it critically discusses much recent work which has asserted that economic organization—notably, the boundaries of firms, internal organization, and corporate governance—will undergo major transformative changes as a result of the emergence of the so-called “knowledge economy,” a term much fancied by busin...

Complexity and abstraction provide a fertile frontier by which to express and experience complex systems in art, with integral challenges for abstract painting: Can we create complex art without a computer? What are the simple rules by which to create that art? The author proposes a model of the artist and her materials as a cellular automaton (CA) with eight simple rules. Experiments with the ...

The O-Ring theory provides a framework to analyse the emergence of firms organized as partnerships. The ownermanagers of such entrepreneurial firms can benefit from ability matching within their production teams. However, they must also bear the project risk. Risk-aversion then induces a second-best solution. At the same time, integrated firms managed on behalf of risk-neutral residual-claimant...

This paper investigates some of the man~estations and major forces driving the emergence of the new economy. A model of the virtual enterprise is proposed and investigated in the context of a virtual industry value chain. The transition to the virtual economy is definitely technology driven but is also shaped by social, economic, institutional forces. As such, it raises a number of significant ...

Along with the emergence of new competition rules, namely, the need to reduce the time to launch a product in the market and the capacity to modify and adapt it based on the identification of consumer choices, the approach of an interactive innovation model requires that small and medium industrial enterprises have a technological innovation strategy. This paper presents a support model to smal...

With the constant development of food packaging industry, the traditional food packaging industry has been out of date in the new era, which requires the emergence of a new type of food packaging to replace the traditional one. As a trend of new food packaging development, green food packaging is safer, healthier and with more environmental features. Since it is a kind of new packaging material...

This inductive study develops a model of innovation and adaptability in software product development. It is based on a case study of a company that is transitioning from a custom development approach to a product-based solution. The emergent model represents a synthesis of the case study findings and the enfolding literature from traditional product development and software development. The goa...