• Summary
  • Contents
  • Subject index

The Handbook of 21st Century Management provides authoritative insight into the key issues for students in college or corporate courses with a particular emphasis on the current structure of the topic in the literature, key threads of discussion and research on the topic, and emerging trends. This resource is useful in structuring exciting and meaningful papers and presentations and assists readers in deciding on management areas to take elective coursework in or to orient themselves towards for a career. Indeed, familiarity with many of the topics in this Handbook would be very useful in job interviews for positions in business.

The Competitive Advantage of Interconnected Firms
The competitive advantage of interconnected firms

In recent years, the formation of interfirm alliances has become a popular practice, leading to the evolution of interconnected firms, which are embedded in alliance networks. This entry seeks to account for the factors driving the competitive advantage of such firms by highlighting the role of network resources. It distinguishes shared resources from nonshared resources in alliances, identifies various types of rent,1 and illustrates how firm-specific, relation-specific, and partner-specific factors determine the contribution of network resources to the rents that interconnected firms extract from their alliance networks. This entry revisits the assumptions of the resource-based view and suggests that the nature of relationships may matter more than the nature of resources for the competitive ...

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