Business Evolution and a Holistic Response

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• Suthikorn Kingkaew
• Tuesday 04 May 2010, 13:10-14:00
• Entertaining Room, Darwin College.

If you have a question about this talk, please contact Dr Hilary Powell.

The world has observed the evolution of business structures from the multi-divisional model, which internalizes various functions within firms, to the systems integration model, in which firms exert control over related entities through external coordination. This structural change is termed ‘business evolution’ because it resembles to natural evolution. The transaction cost and the knowledge based views are used to explain this change. As technology progresses, the business world first responses by integrating various functions within firms, thus bypassing high transaction costs by using external procurements. The arrival of information technology accelerates the flow of information, leading to an increase in knowledge of firms and a subsequent reduction in transaction cost. This gives rise to a systems integration era when businesses are more intertwined in complex global value chains. The author proposes a new ‘holistic framework’ as a way to cope with this complexity. This framework integrates value chain with industry-, resource- and institution-based views. The value chain enables us to analyse firms within their interrelated environments, looking at it as a chain of interlinked activities. Furthermore, the incorporation of these three approaches and their interactions should provide a better understanding of possible factors that can influence firms and their related entities.

This talk is part of the Darwin College Humanities and Social Sciences Seminars series.

This talk is included in these lists:

• AUB_Cambridge Seminars
• All Talks (aka the CURE list)
• Centre for Health Leadership and Enterprise
• Chris Davis' list
• Darwin College Humanities and Social Sciences Seminars
• Darwin College Research Talks
• Darwin Lectures and Seminars
• ESRC DTP
• Entertaining Room, Darwin College
• Neurons, Fake News, DNA and your iPhone: The Mathematics of Information
• custom

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