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Contracts as a Facilitator of Resource Evolution
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15/04/13
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Text available via DOI:
Contracts as a Facilitator of Resource Evolution
Research output: Contribution to journal › Journal article
Published
| Journal publication date | 09/2012 |
|---|---|
| Journal | Journal of Business Research |
| Journal number | 9 |
| Volume | 65 |
| Number of pages | 3 |
| Pages | 1251-1253 |
| Early online date | 3/12/11 |
| Original language | English |
Abstract
The formality of contracts is not external to the substance of business interactions, but a way of articulating, facilitating and simplifying the complexity of business interactions. An umbrella contract, in particular, is an abstraction of possibility and a refined version of the substance of business interaction in which resource
leveraging may or may not occur. Umbrella contracts circumscribe an in-built platform or ‘architecture’ that enables regular and repeated knowledge-intensive interactions. Today's business landscape is characterized by the heterogeneity of resources, activities and actors and contracts have become a key element in the interconnected path of resource evolution, activity specialization and actor co-evolution.
leveraging may or may not occur. Umbrella contracts circumscribe an in-built platform or ‘architecture’ that enables regular and repeated knowledge-intensive interactions. Today's business landscape is characterized by the heterogeneity of resources, activities and actors and contracts have become a key element in the interconnected path of resource evolution, activity specialization and actor co-evolution.