MARKET, ORGANIZATION HIERARCHY AND NETWORK FORMS
MARKET, ORGANIZATION HIERARCHY AND NETWORK FORMS

Author(s): Aleksandra Cvetković, Darko Milošević, Miroslava Marić
Subject(s): Economy, Business Economy / Management, Financial Markets
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Market;Organization hierarchy;Network;Know-how;
Summary/Abstract: The purpose of this article is to analyze literature in the organizational behavior field. Powell (1990) contrast three modes of organization and stress the salient features of each – market, hierarchy, and network. The logic of network forms demonstrates how networks differ from other forms, illustrative examples of network arrangements in craft and high-technology industries, in regional economies, and in formerly vertically integrated fields. The aim is to develop a number of empirical arguments about the circumstances that encourage the growth of networks and allow them to proliferate. The paper concludes with conditions that encourage the growth of network forms of organization.

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