Overview
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.
- | Author: Ronald S. Burt
- | Publisher: Harvard University Press
- | Publication Date: Aug 11, 1995
- | Number of Pages: 324 pages
- | Binding: Paperback or Softback
- | ISBN-10: 0674843711
- | ISBN-13: 9780674843714
