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Structural Holes: The Social Structure of Competition

Structural Holes: The Social Structure of Competition

Paperback

Business GeneralEconomics

ISBN10: 0674843711
ISBN13: 9780674843714
Publisher: Harvard Univ Pr
Published: Aug 11 1995
Pages: 324
Weight: 1.04
Height: 0.83 Width: 6.12 Depth: 9.40
Language: English
Ronald Burt describes the social structural theory of competition that has developed through the last two decades. The contrast between perfect competition and monopoly is replaced with a network model of competition. The basic element in this account is the structural hole: a gap between two individuals with complementary resources or information. When the two are connected through a third individual as entrepreneur, the gap is filled, creating important advantages for the entrepreneur. Competitive advantage is a matter of access to structural holes in relation to market transactions.

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Economics