Eng, T.-Y., Wong, Veronica (2006) Governance Mechanisms and Relationship Productivity in Vertical Coordination for New Product Development. Technovation, 26 (7). pp. 761-769. ISSN 0166-4972. (doi:10.1016/j.technovation.2004.10.015) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:32827)
The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. | |
Official URL: http://dx.doi.org/10.1016/j.technovation.2004.10.0... |
Abstract
This article explores the theoretical explanations of governance mechanisms in vertical coordination between firms over the product life cycle stages with reference to the high-technology industry. Firms in the high-tech industry face uncertainties of fast-changing environments such as rapid technological innovations and shortening product life cycles. Drawing on transaction cost analysis in vertical coordination, conditions under which transactional inefficiencies may arise are analyzed on different stages of product life cycle theory. Theoretical analysis suggests that interaction patterns over a product life cycle produce differing implications for achieving cost minimization and value maximization. The implications of this variation in transaction cost inefficiencies suggest that there are different opportunities for enhancing efficiencies or for creating value at different stages of the product life cycle. The article proposes that by considering the impact of exogenous factors on the stage of a product life cycle and relationship productivity, high-tech firms operating in volatile markets can safeguard their exposure to transactional inefficiencies.
Item Type: | Article |
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DOI/Identification number: | 10.1016/j.technovation.2004.10.015 |
Uncontrolled keywords: | New product development, Product life cycle, Vertical coordination, Cost accounting, Marketing, Productivity, Professional aspects, Public policy, New product development, Product life cycle (PLC), Transaction cost, Vertical coordination, Product development |
Subjects: | H Social Sciences > H Social Sciences (General) |
Divisions: | Divisions > Kent Business School - Division > Kent Business School (do not use) |
Depositing User: | Catherine Norman |
Date Deposited: | 09 Jan 2013 16:39 UTC |
Last Modified: | 16 Nov 2021 10:10 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/32827 (The current URI for this page, for reference purposes) |
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