UNSPECIFIED (1999) Innovation, co-operation and inter-firm relations: Towards the optimum boundary of the firm. In: Business and Economics Society International Conference, JUL 22-26, 1999, SPAIN.

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Abstract

It is widely acknowledged that innovation is fundamental to economic success. This requires that a range of public and private institutions share their knowledge, as well as the risk and rewards of innovation. These exchanges and actions, both within and between discrete units, form a unified team. These co-operative units pool their different areas of specialisation and knowledge to form continuously evolving networks that result in dynamic economic units. Within these types of inter firm relations, the boundary of the firm is continually shifting, in terms of both exchange relations both within and between economic units that are legally and contractually independent. This paper assesses issues of economics and law, to propose that economic understanding, law reform and public policy should recognise and encourage the phenomena of hybrid types of collaboration. These can be classified as co-operative partnerships that are remarkable because their ownership is decentralised There are theoretical analyses of economics and complex adaptive systems as extended enterprises, whose members represent both public and private sectors. Bodies of research also analyse economic units whose membership consists of independent institutions and economic units who operate as a unified team to develop and manufacture an innovative product. In reality, the market mechanism operates in a climate of decentralised private ownership, where neither authors of public policy or actors in the legal system directly address the emergence of new organisational forms and ways of working.

Item Type:	Conference Item (UNSPECIFIED)
Subjects:	H Social Sciences > HF Commerce H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	BUSINESS & ECONOMICS FOR THE 21ST CENTURY, VOL III
Publisher:	BUSINESS & ECONOMICS SOCIETY INTERNATIONAL
ISBN:	0-9659831-2-9
Editor:	Kantarelis, D
Date:	1999
Number of Pages:	13
Page Range:	pp. 23-35
Publication Status:	Published
Title of Event:	Business and Economics Society International Conference
Location of Event:	SPAIN
Date(s) of Event:	JUL 22-26, 1999
URI:	http://wrap.warwick.ac.uk/id/eprint/12676

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