Strategic collaboration on business model innovation: A transaction cost perspective

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Abstract

The present paper focuses on collaboration as a source of hybridization of the market in the case of business model innovation. The basic argument is that while hybridization economizes on transaction costs, it also gives rise to transaction costs. In effect, transaction costs appears as a dialectical phenomenon. The argument is illustrated by a narrative of a case of radical business model innovation. The narrative shows how collaborators economize on transaction costs by developing a mutual understanding and shared interpretation of business model innovation, but at the same time gives rise to transaction costs elsewhere in the ecosystem to which the collaborators belong.
Translated title of the contributionStrategisk samarbejde om business model innovation: En transaktionsomkostningstilgang
Original languageEnglish
Publication date2016
Number of pages27
Publication statusPublished - 2016
EventEuropean Academy of Management (EURAM): Manageable cooperation? - Paris, France
Duration: 1 Jun 20164 Jun 2016

Conference

ConferenceEuropean Academy of Management (EURAM)
Country/TerritoryFrance
CityParis
Period01/06/201604/06/2016

Keywords

  • Strategic collaboration
  • Business model innovation
  • Port evolution

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