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| Author/Contributor(s): |
Burt, Ronald S
|
| Publisher: |
Harvard University Press
|
| Date: |
08/11/1995
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| Binding: |
Paperback
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| Condition: |
NEW
|
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.
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