Previous research on the institutional structure of franchising networks (Bri- ley et al. 1991; Lutz 1995; Shane 1998; Lafontaine and Shaw 1999, 2005; - fuso 2002; Penard et al. 2003a,b) does not explain the governance structure of the franchising firm as an institutional entity that consists of two interrelated parts: Residual decision rights and ownership rights. The latter includes not only residual income rights of franchised outlets but also residual income rights of franchisor-owned outlets. Previous studies primarily examines the incentive, signalling and screening effects of fees, royalties and other contractual pro- sions from the point of view of organizational economics (see Dnes 1996 for a review) without taking into account the interactions between residual decision and residual income rights as interrelated parts of the governance structure. This paper fills this gap in the literature. According to the property rights view, de- sion rights should be allocated according to the distribution of intangible kno- edge assets between the franchisor and franchisee and ownership rights should be assigned according to the residual decision rights. Since ownership rights are diluted in franchising networks, the dilution of residual income rights of fr- chised outlets is compensated by residual income rights of company-owned o- lets. Under a dual ownership structure, company-owned outlets compensate the disincentive effect of low royalties for the franchisor, and low royalties strengthen the investment incentives for the franchisee.
The inspiration for this monograph is the progress in information and IT technologies observed over several decades and the accompanying development of digital competences. The collected results of the research work are grouped into three distinct chapters, which, at the same time, have a common denominator in research perspectives. Network-based economy, innovation-based economy, and competence-based economy are primarily analyzed in relation to technological changes in the ICT area. Each of these perspectives ultimately leads towards Economy 4.0 due to the progressing digital revolution, called the fourth industrial revolution. The contemporary importance of networks, innovations and managerial competences in the economy is analyzed primarily in connection with technological progress. The issue of networks in economic life has been developing for over 30 years. The role of the network in achieving a competitive advantage is unquestioned, while research issues are still being developed. This technological perspective is the most important context for network research today. Contemporary business models are developed based on a skillfully built inter-organizational network and a consciously used intra-organizational network. This applies to both commercial organizations and public entities. These issues are reflected in articles contained in this monograph, in particular in the first chapter. Various research conducted in organizations proves the increasing awareness of the importance of social life by managers and leaders, as well as the increase in the ability to build networks using information and ICT. Research on networks, which allows an understanding of the phenomenon of network formation, leads to the creation of methods and tools supporting network management. Modern network researchers, especially in the field of management sciences, point out that understanding the nature of the network and the possibilities of interacting with the network will determine the competitive position of the organization. This awareness and the complexity of the network are a constant motivation to develop knowledge and use its application character. The concept of an innovation-based economy is included in the second chapter and is also related to technological progress in the field of communication. The studies presented relate to the degree of innovation, skillful differentiation of innovation and imitation, the effectiveness of project financing, and the implementation of innovation. An important contribution to building knowledge on innovation comes from research conducted in individual sectors or regions, where a new, important perspective is gained, and specific, sometimes unique determinants of creating innovation are pointed out. References to regional and sectoral conditions can be found in individual subchapters. The research conclusions drawn have a cognitive and practical value for both researchers and management practitioners. In the third chapter of the monograph, studies that make an important contribution to building or verifying knowledge about the competence-based economy are grouped together. The research refers to the most important management problems and barriers to the development of organizations related to employees’ competences. Reference was made to many research currents in management, e.g. to empower employees, build the image of the employer, and the concept of sustainable development. Due to their long history of development, they would seem to be running out, while researchers prove that in contemporary commercial and non-commercial organizations deficits in managerial competencies are still identified. This applies to both human management and technical competences, especially digital. Therefore, research indicating the reasons for a lack of competence, in an era of strong popularization of these issues, seems to be interesting. The purpose of this monograph was to present current research results and their importance in developing knowledge about the economy based on networks, innovations, and competences. A lot of research was conducted from the perspective of changes in technological progress and the challenges of Economy 4.0. The new possibilities brought by the digital revolution in the field of building and managing networks and developing network-based business models cannot be underestimated. It should be expected that future innovations will be developed mainly thanks to digital progress and will be determined by the digital competences of managers and leaders. Modern research also shows that new generations of employees will compete primarily in the use of modern technological solutions such as data acquisition and processing, analyzes and simulations on large data sets (big data, science data), automation and robotization of production processes, software integration, cloud solutions, and especially the increasingly comprehensive use of the Internet. The importance of scientific research for learning about future phenomena, understanding and taming the future is invaluable. The authors and editors of the book express the hope that the research results presented in it will become an inspiration for new scientific explorations and the implementation of changes in organizations and economics.
Describes how patterns of information, knowledge, and cultural production are changing. The author shows that the way information and knowledge are made available can either limit or enlarge the ways people create and express themselves. He describes the range of legal and policy choices that confront.
The Oxford Handbook of the Economics of Networks represents the frontier of research into how and why networks they form, how they influence behavior, how they help govern outcomes in an interactive world, and how they shape collective decision making, opinion formation, and diffusion dynamics. From a methodological perspective, the contributors to this volume devote attention to theory, field experiments, laboratory experiments, and econometrics. Theoretical work in network formation, games played on networks, repeated games, and the interaction between linking and behavior is synthesized. A number of chapters are devoted to studying social process mediated by networks. Topics here include opinion formation, diffusion of information and disease, and learning. There are also chapters devoted to financial contagion and systemic risk, motivated in part by the recent financial crises. Another section discusses communities, with applications including social trust, favor exchange, and social collateral; the importance of communities for migration patterns; and the role that networks and communities play in the labor market. A prominent role of networks, from an economic perspective, is that they mediate trade. Several chapters cover bilateral trade in networks, strategic intermediation, and the role of networks in international trade. Contributions discuss as well the role of networks for organizations. On the one hand, one chapter discusses the role of networks for the performance of organizations, while two other chapters discuss managing networks of consumers and pricing in the presence of network-based spillovers. Finally, the authors discuss the internet as a network with attention to the issue of net neutrality.
This book presents the latest findings on network theory and agent-based modeling of economic and financial phenomena. In this context, the economy is depicted as a complex system consisting of heterogeneous agents that interact through evolving networks; the aggregate behavior of the economy arises out of billions of small-scale interactions that take place via countless economic agents. The book focuses on analytical modeling, and on the econometric and statistical analysis of the properties emerging from microscopic interactions. In particular, it highlights the latest empirical and theoretical advances, helping readers understand economic and financial networks, as well as new work on modeling behavior using rich, agent-based frameworks. Innovatively, the book combines observational and theoretical insights in the form of networks and agent-based models, both of which have proved to be extremely valuable in understanding non-linear and evolving complex systems. Given its scope, the book will capture the interest of graduate students and researchers from various disciplines (e.g. economics, computer science, physics, and applied mathematics) whose work involves the domain of complexity theory.
The theory of networks aims at developing theoretical views on the design and management of alliances, franchise chains, licensing, joint ventures, cooperatives, and venture capital relations. The current trend in economics and management of networks is twofold: First there is a strong tendency toward application of theoretical approaches developed both in organizational economics, strategic management and organization theory. The second trend refers to the development of more integrative views on networks. Especially, combining organizational economics, strategic management and relational views on networks are very promising research directions. Starting from this status of research, the current book emphasizes network research as a theory-driven field by offering new perspectives on contract design, decision and ownership rights, value creation, knowledge management and the role of social capital in franchising networks, alliances and cooperatives.
This comprehensive two-volume set brings together important contributions providing fundamental economic analyses of social networks and the central roles they play in many facets of our lives. The first volume consists of classic articles that model network formation and games on networks, as well as those on the identification of peer effects from an econometric viewpoint. The second volume provides empirical analyses of network effects on labor, education, development, crime and industrial organization, as well as some laboratory and field experiments. This set of indispensable papers, with an original introduction by the editors, will prove an essential tool to researchers, scholars and practitioners involved in this field.
Smart network strategies, structures and management are necessary to build and maintain networks. This account of the current state of the network economy uses examples from Toyota, Microsoft, Cisco, Glaxo, Nokia and airline alliances to illustrate effective network management.
Using network models to investigate the interconnectivity in modern economic systems allows researchers to better understand and explain some economic phenomena. This volume presents contributions by known experts and active researchers in economic and financial network modeling. Readers are provided with an understanding of the latest advances in network analysis as applied to economics, finance, corporate governance, and investments. Moreover, recent advances in market network analysis that focus on influential techniques for market graph analysis are also examined. Young researchers will find this volume particularly useful in facilitating their introduction to this new and fascinating field. Professionals in economics, financial management, various technologies, and network analysis, will find the network models presented in this book beneficial in analyzing the interconnectivity in modern economic systems.
"This book is the first book to provide opportunities for millions working in economics, accounting, finance and other business areas education on HONNs, the ease of their usage, and directions on how to obtain more accurate application results. It provides significant, informative advancements in the subject and introduces the HONN group models and adaptive HONNs"--Provided by publisher.
