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Inter-firm Networks Coordination Through Board and Department Interlocks - Original PDF
Inter-firm Networks Coordination Through Board and Department Interlocks - Original PDF
نویسندگان: Lucio Biggiero · Robert Magnuszewski خلاصه: Firms do not interact only through prices, quantity or quality: rather they employ many other ways to coordinate their behavior. However, it is still rather unclear under which circumstances the mix of different ways is built, neither the relative relevance of each of them. What is sure is that one of such ways is through sharing a director between boards of related companies: this is the phenomenon named interlocking directorates or, more recently, board interlock (BINT), known since long, but still deserving a lot of attention. Actually, this is a form of coordination which occurs at a company’s highest level, because boards decide—or at least address to—the strategic behavior. There are indeed many reasons to share a director, reasons that do neither always nor intentionally deal with strategic issues. However, whatever they are, the effects of board interlock always impact, to a more or less extent, the sphere of strategies. Further, and more noteworthy, more or less intentionally and extensively, they imply some form of knowledge creation and sharing, espe- cially under its tacit form. In fact, what should actually be done when one sits in a board and how to perform this is not a task so precisely defined: its concrete execution depends primarily and essentially on the personal characteristics of each involved director and on various organization-specific circumstances. Hence, this is the conceptual perspective applied into this book: Board interlocks are inter-firm coordination forms that channel strategic knowledge, which is a resource particu- larly precious in innovation-based industries, and one becoming progressively more important also in all other industries. Due to these characteristics, the main research streams employed in this work are the four following: board interlocks, knowledge networks, inter-firm networks and Social Network Analysis (hereafter, SNA) as the main methodological approach.

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