January 1995
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17 Reads
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27 Citations
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January 1995
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17 Reads
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27 Citations
January 1993
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115 Reads
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278 Citations
Management International Review
... Six core social mechanisms available to the orchestrating firm were identified through the review of network literature: (1) carefully selecting partners; (2) enlisting non-business intermediaries in the network; (3) engaging in joint strategizing (4) generating relational capital; (5) ensuring multilateral feedback; and (6) setting rules for equitable distribution of value created within the network. From the internalization theory perspective, the core argument is that these social mechanisms enable the orchestrating firm to increase comparative efficiency of GVC governance visà-vis vertical integration and market transactions, by supporting the three economizing/value creating objectives: 1. Economizing on partners' bounded rationality (i.e., enhancing flows of technical and administrative knowledge, reducing complexity, and filling information gaps); 2. Economizing on partners' bounded reliability (i.e., setting clear and enforceable bounds on the possible lack of reliability of partners ( Jarillo, 1988), preventing misappropriation of knowledge, aligning objectives and outcomes, and fostering consistent identity); and 3. Encouraging new capability creation and deployment (i.e., through managerial interaction and joint practice) ( Rugman, Verbeke, & D'Cruz, 1995). The first two mechanisms relate to composition of the GVC, the following three to operational functioning of the GVC, and the last one, to both functioning of the GVC and its outcomes. ...
January 1995
... This model was employed to explore the potential of AIGC technology in the inheritance of cultural genes and sustainable innovative design of blue and white porcelain. The double diamond model [56] facilitates research across the two stages of "Discovery" and "Validation" to ensure the comprehensiveness and reliability of our research outcomes. The research process framework was developed based on the double diamond model, as shown in Figure 1. ...
January 1993
Management International Review