Showing posts with the label business networks

Inter-Organization Collaboration Networks

A publication in the Policies Studies Journal by Lee and Fejock (2012) helps to explain how collaboration networks cluster together to enhance product and service development. These networks move to enhance inter-organizational collaboration and can create economic improvement. Their work suggests that the micro aspects of such collaboration have not been fully analyzed but that the system appears to be based on trust. Three mechanisms for collaborative alternative governance include centralized authority, mutually binding contracts, and network embeddedness (Feiock, 2009).   Each comes with their own advantages and disadvantages. The greatest amount of flexibility lay in the embeddedness model as it relies on a more social, economic and relationship oriented model without the rigidity of formal oversight (Foiock, 2007).   Each of the actors within this approach maintains a level of autonomous effort but is still part of a general network that lends support. These collabo