Contractual Arrangements and Strategic Implementation
Date Issued
2006
Date
2006
Author(s)
Yen, Chieh-Chung
DOI
en-US
Abstract
Strategies could create the competitive advantages only when they are executed. Scholars and practitioners have focused on two means of the strategic implementation, which are organizational structures and functional strategies. However, the thesis argues that contractual arrangements are other critical methods in the implementation of strategy and that they should be coordinated with organizational structures and functional policies. Secondly, organizational economics, especially the economics of property rights and the resource-based view of the firm, are introduced to present the fundamental concepts of contracts and the nature of team work. Thirdly, the issue of property rights of human resources is discussed in the viewpoint of implicit contracts. Fourthly, the thesis further maintains that firms could create core competences through their contracting abilities to form implicit contracts with their stakeholders. Finally, four types of contractual arrangements and their relationships with firm strategies are elaborated to support the arguments that contractual arrangements are one of the crucial strategic implementation instruments to gain sustainable competitive advantages.
Subjects
契約
契約安排
產權
策略執行
Contracts Contractual
arrangements
Property rights
Strategic implementation
Type
thesis
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