The Design of Alliance Governance Systems

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Publisher : Springer
ISBN 13 : 3658247118
Total Pages : 345 pages
Book Rating : 4.6/5 (582 download)

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Book Synopsis The Design of Alliance Governance Systems by : Sascha Albers

Download or read book The Design of Alliance Governance Systems written by Sascha Albers and published by Springer. This book was released on 2019-01-10 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic alliances have emerged as an important element of firms' strategies. Following suit, research on alliances has blossomed, concentrating on the various forms alliances take, the reasons of their existence, and increasingly embracing questions of alliance management and governance tasks. However, most contributions which address the alliance governance problem are yet rather vague and selective in their conception of alliance governance structures as well as the factors which influence their suitability. The aim of this book is to further advance our understanding of alliance governance and to provide recommendations on the problem of alliance governance design. Following the configurational approach, Sascha Albers develops a comprehensive model of alliance governance systems. He identifies relevant structural and instrumental design parameters and analyzes major contingency factors, including member firms' cultures and alliance experience, number of alliance partners, and trust, which impact the design parameters' suitability. He finally deducts five configurations, or ideal types, of alliance governance systems which can be regarded as blueprints for the practitioner and as platform for further research for the alliance scholar. Potential readership includes scholars of strategic management and organization theory, interested students in these areas as well as practitioners involved in formulating and implementing alliance strategies.

A Theory of Alliance Governance

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Publisher :
ISBN 13 :
Total Pages : 157 pages
Book Rating : 4.:/5 (398 download)

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Book Synopsis A Theory of Alliance Governance by : Woonghee Lee

Download or read book A Theory of Alliance Governance written by Woonghee Lee and published by . This book was released on 1998 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study uses real option theory to explain and predict why and when different types of inter-firm exchange governance are chosen under different levels of uncertainty. While transaction cost theory successfully addresses a firm's exchange governance choices, it has also received criticism regarding some of its major assumptions and predictions. In this dissertation, real option view is introduced as an alternative to transaction cost theory to explain and predict a firm's governance choice while responding to the criticisms to the transaction cost theory of firm. The first step to build real option theory of governance is to recognize the fact that a market contract can be designed as a real option which is written on the partner's uncertain strategic capability. Based on this premise, uncertainty and asset specificity - the two central variables in transaction cost theory - play different roles in the real option view of governance. First of all, it can be expected that under high levels of capability uncertainty, firms will choose market governance because of its high real option value. Hierarchical governance such as acquisition will be considered only when the uncertainty surrounding the partner's capability is low. Also, transaction-specific investment or asset specificity can be considered positively because it generates real option value for the investing firm, Moreover, learning-by-doing type asset specificity is even better because it can provide the firm with an exclusive right to exercise the real option. However, since both market governance and joint venture can be designed as real option, a general framework that influences the initial governance form under real option view is presented. Specifically, types of learning required to identify the value of real asset, and the concern for securing underlying property are suggested as two major factors that influence the choice between market contract, and more hierarchical governance such as joint venture. The empirical study, which used alliance samples from biotechnology industry, supported the major hypothesis regarding capability uncertainty, learning and property rights. Finally, it is suggested that a firm can be conceptualized as a collection of real assets rather than a nexus of contract.

Strategic Alliances

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Publisher : Oxford University Press on Demand
ISBN 13 : 9780199256549
Total Pages : 461 pages
Book Rating : 4.2/5 (565 download)

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Book Synopsis Strategic Alliances by : Jeffrey J. Reuer

Download or read book Strategic Alliances written by Jeffrey J. Reuer and published by Oxford University Press on Demand. This book was released on 2004 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: This reader will provide an introduction to the basic theories and concepts in the area of collaborative strategy as well as an overview of current evidence on alliances. Alliance research has become something of a cottage industry, with scores of recent articles on the subject. Thus, one aim of the book is to provide readers with a road map of where to start for some of the most important perspectives on collaborative strategy. The book begins with articles presenting a broad picture of alliance research. Each of these pieces individually provides a solid and helpful literature review and introduction to the topic. The book then considers economic perspectives on alliances, which examine the question of what prompts firms to enter into collaboration with others, and when alliances are suitable relative to alternatives such as internal development and acquisitions. The third portion of the book takes up real options, an emerging perspective which is currently popular in the strategy field as a whole, and has likewise changed how one thinks about alliance motives and what determines the usefulness of short-lived collaborations for parent firms. This section offers the pioneering pie

Alliance Politics

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Publisher : Cornell University Press
ISBN 13 : 9780801484285
Total Pages : 436 pages
Book Rating : 4.4/5 (842 download)

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Book Synopsis Alliance Politics by : Glenn H. Snyder

Download or read book Alliance Politics written by Glenn H. Snyder and published by Cornell University Press. This book was released on 2007 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Glenn H. Snyder creates a theory of alliances by deductive reasoning about the international system, by integrating ideas from neorealism, coalition formation, bargaining, and game theory, and by empirical generalization from international history. Using cases from 1879 to 1914 to present a theory of alliance formation and management in a multipolar international system, he focuses particularly on three cases--Austria-Germany, Austria-Germany-Russia, and France-Russia--and examines twenty-two episodes of intra-alliance bargaining. Snyder develops the concept of the alliance security dilemma as a vehicle for examining influence relations between allies. He draws parallels between alliance and adversary bargaining and shows how the two intersect. He assesses the role of alliance norms and the interplay of concerts and alliances.His great achievement in Alliance Politics is to have crafted definitive scholarly insights in a way that is useful and interesting not only to the specialist in security affairs but also to any reasonably informed person trying to understand world affairs.

Governance Issues in Strategic Alliances

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Publisher : IAP
ISBN 13 : 1681235021
Total Pages : 301 pages
Book Rating : 4.6/5 (812 download)

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Book Synopsis Governance Issues in Strategic Alliances by : T. K. Das

Download or read book Governance Issues in Strategic Alliances written by T. K. Das and published by IAP. This book was released on 2016-08-01 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governance Issues in Strategic Alliances is a volume in the book series Research in Strategic Alliances that focuses on providing a robust and comprehensive forum for new scholarship in the field of strategic alliances. In particular, the books in the series cover new views of interdisciplinary theoretical frameworks and models, significant practical problems of alliance organization and management, and emerging areas of inquiry. The series also includes comprehensive empirical studies of selected segments of business, economic, industrial, government, and non-profit activities with wide prevalence of strategic alliances. Through the ongoing release of focused topical titles, this book series seeks to disseminate theoretical insights and practical management information that should enable interested professionals to gain a rigorous and comprehensive understanding of the field of strategic alliances. Governance Issues in Strategic Alliances contains contributions by leading scholars in the field of strategic alliance research. The 10 chapters in this volume deal with significant issues relating to the governance of strategic alliances. These issues range from governance structure choices under diverse conditions of uncertainty, risks, controls, and resources, to the effects of governance decisions on asset protection, cooperative relationships, internal tensions, and culture management. The chapters contain empirical as well as conceptual treatments of the selected topics, and collectively present a wide-ranging review of the noteworthy research perspectives on the issues of governance in strategic alliances.

Strategic Alliance Management

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Publisher : Taylor & Francis
ISBN 13 : 100089200X
Total Pages : 587 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis Strategic Alliance Management by : Brian Tjemkes

Download or read book Strategic Alliance Management written by Brian Tjemkes and published by Taylor & Francis. This book was released on 2023-06-27 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Alliance Management presents an academically grounded alliance development framework, detailing eight stages of alliance development with consideration for specific management challenges. For each stage, readers are presented with theoretical insights, evidence-based managerial guidelines and a business case illustration. Other chapters consider alliance attributes, alliance competences, and alliance challenges, and cover topics such as innovation, co-branding, co-opetition, business ecosystems, alliance professionals, alliance capabilities, societal alliances and a tension-based alliance mindset. This fully revised 3rd edition leverages the book’s strengths in marrying theory with practical insight. All the chapters have been updated to reflect the current academic literature, whilst new international case studies are incorporated throughout. Two new chapters feature in this edition, considering the importance of the mindset required to successfully navigate alliance arrangements, and emerging alliance practices, exploring how new technologies, sustainability and the external environment have disrupted alliance management. In-chapter text boxes discussing emerging themes provide opportunity for discussion and analysis. The textbook remains highly valuable core and recommended reading for postgraduate students of Strategic Management and Corporate Strategy, MBA and Executive MBA, as well as reflective practitioners in the field. Online resources include chapter-by-chapter lecture slides, two long case studies and short interviews with alliance executives.

Interpartner Dynamics in Strategic Alliances

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Publisher : IAP
ISBN 13 : 1623961378
Total Pages : 337 pages
Book Rating : 4.6/5 (239 download)

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Book Synopsis Interpartner Dynamics in Strategic Alliances by : T. K. Das

Download or read book Interpartner Dynamics in Strategic Alliances written by T. K. Das and published by IAP. This book was released on 2013-04-01 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interpartner Dynamics in Strategic Alliances is a volume in the book series Research in Strategic Alliances that will focus on providing a robust and comprehensive forum for new scholarship in the field of strategic alliances. In particular, the books in the series will cover new views of interdisciplinary theoretical frameworks and models, significant practical problems of alliance organization and management, and emerging areas of inquiry. The series will also include comprehensive empirical studies of selected segments of business, economic, industrial, government, and non-profit activities with wide prevalence of strategic alliances. Through the ongoing release of focused topical titles, this book series will seek to disseminate theoretical insights and practical management information that will enable interested professionals to gain a rigorous and comprehensive understanding of the field of strategic alliances. Interpartner Dynamics in Strategic Alliances contains contributions by leading scholars in the field of strategic alliance research. The 13 chapters in this volume cover a number of significant topics that speak to the critical issues in the interactions between partner firms in strategic alliances. The chapter topics cover both the broader issues, such as relational mechanisms in alliances, role of interpersonal networks, parental control of joint ventures, conflict management, interpartner diversity, and multilevel embeddedness in multilateral alliances, and the more focused problems of alliance competence, roles of third parties, accounting for partner trust, relationship quality in construction alliances, and how natural resources may impact alliance formation. The chapters include empirical as well as conceptual treatments of the selected topics, and collectively present a wide-ranging review of the noteworthy research perspectives on interpartner dynamics in strategic alliances.

A Theory of Interaction Costs, Governance Choice and Alliance Evolution

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (18 download)

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Book Synopsis A Theory of Interaction Costs, Governance Choice and Alliance Evolution by : Steven White

Download or read book A Theory of Interaction Costs, Governance Choice and Alliance Evolution written by Steven White and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Strategic Alliances in a Globalizing World

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Publisher : Information Age Pub Incorporated
ISBN 13 : 9781617353789
Total Pages : 285 pages
Book Rating : 4.3/5 (537 download)

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Book Synopsis Strategic Alliances in a Globalizing World by : T. K. Das

Download or read book Strategic Alliances in a Globalizing World written by T. K. Das and published by Information Age Pub Incorporated. This book was released on 2011 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: A volume in Research in Strategic Alliances Series Editor T. K. Das, City University of New York Strategic Alliances in a Globalizing World is a volume in the book series Research in Strategic Alliances that will focus on providing a robust and comprehensive forum for new scholarship in the field of strategic alliances. In particular, the books in the series will cover new views of interdisciplinary theoretical frameworks and models, significant practical problems of alliance organization and management, and emerging areas of inquiry. The series will also include comprehensive empirical studies of selected segments of business, economic, industrial, government, and non-profit activities with wide prevalence of strategic alliances. Through the ongoing release of focused topical titles, this book series will seek to disseminate theoretical insights and practical management information that will enable interested professionals to gain a rigorous and comprehensive understanding of the field of strategic alliances. Strategic Alliances in a Globalizing World contains contributions by leading scholars in the field of strategic alliance research. The 11 chapters in this volume cover a number of significant topics that speak to the growing role of strategic alliances in a globalizing business world. The chapter topics cover both the broader issues, such as the creation of competitive advantage and expanding into institutionally different countries, and the more focused problems of alliance formation, contractual governance, governance structure choice, the development of alliance capability, the containment of opportunism, relationship management, sensemaking, and the intersection of culture and legitimacy. The chapters include empirical as well as conceptual treatments of the selected topics, and collectively present a wide-ranging review of the noteworthy areas of alliance research in the globalization context.

Management Dynamics in Strategic Alliances

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Publisher : IAP
ISBN 13 : 1617357561
Total Pages : 350 pages
Book Rating : 4.6/5 (173 download)

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Book Synopsis Management Dynamics in Strategic Alliances by : T. K. Das

Download or read book Management Dynamics in Strategic Alliances written by T. K. Das and published by IAP. This book was released on 2012-06-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Management Dynamics in Strategic Alliances is a volume in the book series Research in Strategic Alliances that will focus on providing a robust and comprehensive forum for new scholarship in the field of strategic alliances. In particular, the books in the series will cover new views of interdisciplinary theoretical frameworks and models, significant practical problems of alliance organization and management, and emerging areas of inquiry. The series will also include comprehensive empirical studies of selected segments of business, economic, industrial, government, and non-profit activities with wide prevalence of strategic alliances. Through the ongoing release of focused topical titles, this book series will seek to disseminate theoretical insights and practical management information that will enable interested professionals to gain a rigorous and comprehensive understanding of the field of strategic alliances. Management Dynamics in Strategic Alliances contains contributions by leading scholars in the field of strategic alliance research. The 12 chapters in this volume cover a number of significant topics relating to the management of strategic alliances. The chapters discuss both the broader issues, such as governance structure choice, dynamics of alliance conditions, co-evolutionary dynamics, learning dynamics, and the management of internal tensions, and the more focused problems of controls in interfirm settings, dilemmas of cooperation, value creation in alliance portfolios, and alliance management experiences in the construction and automobile industries. The chapters include empirical as well as conceptual treatments of the selected topics, and collectively present a wide-ranging review of the management dynamics in strategic alliances.

Strategic Alliances for Innovation and R&D

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Publisher : IAP
ISBN 13 : 1623966248
Total Pages : 309 pages
Book Rating : 4.6/5 (239 download)

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Book Synopsis Strategic Alliances for Innovation and R&D by : T. K. Das

Download or read book Strategic Alliances for Innovation and R&D written by T. K. Das and published by IAP. This book was released on 2014-04-01 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategic Alliances for Innovation and R&D is a volume in the book series Research in Strategic Alliances that focuses on providing a robust and comprehensive forum for new scholarship in the field of strategic alliances. In particular, the books in the series cover new views of interdisciplinary theoretical frameworks and models, significant practical problems of alliance organization and management, and emerging areas of inquiry. The series also includes comprehensive empirical studies of selected segments of business, economic, industrial, government, and non-profit activities with wide prevalence of strategic alliances. Through the ongoing release of focused topical titles, this book series seeks to disseminate theoretical insights and practical management information that should enable interested professionals to gain a rigorous and comprehensive understanding of the field of strategic alliances. Strategic Alliances for Innovation and R&D contains contributions by leading scholars in the field of strategic alliance research. The 11 chapters in this volume cover a number of significant topics that encompass innovation and R&D through strategic alliances. The chapter topics cover both the broader issues, such as the governance of high-tech alliances, knowledge flows in innovation clusters, co-innovation, and incomplete contracting, and the more focused problems of inexperienced firms in R&D consortia, new product development, and managing alliance portfolio evolution in service innovation. The chapters include empirical as well as conceptual treatments of the selected topics, and collectively present a wide-ranging review of the noteworthy research perspectives on the role of strategic alliances in the pursuit of innovation and R&D.

Cooperative Strategy

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Publisher : Oxford University Press
ISBN 13 : 0192546252
Total Pages : 748 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Cooperative Strategy by : John Child

Download or read book Cooperative Strategy written by John Child and published by Oxford University Press. This book was released on 2019-04-25 with total page 748 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cooperation has become the leading strategy adopted by business and other organizations. It is taking on new forms that are adapted to changing market expectations and technological possibilities in the rapidly evolving business environment. This new edition of Cooperative Strategy provides a comprehensive view of the practical and theoretical literature concerning cooperative strategies, and the alliance and network organizational forms that are the enablers of these strategies. It takes the reader through the stages of developing a cooperative alliance, from choosing a cooperative form and selecting partners, to establishing an alliance and managing the process of cooperation. It examines cooperative strategies in different sectors as well as internationally, and discusses performance criteria and evolution of cooperation over time. With insights from internationally recognized experts on cooperative strategy, this book presents extensive research on the topic while also addressing practical issues of alliance management.

Mastering Alliance Strategy

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Publisher : John Wiley & Sons
ISBN 13 : 0787965111
Total Pages : 428 pages
Book Rating : 4.7/5 (879 download)

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Book Synopsis Mastering Alliance Strategy by : James D. Bamford

Download or read book Mastering Alliance Strategy written by James D. Bamford and published by John Wiley & Sons. This book was released on 2003-02-03 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: Erfolgreiche Unternehmensallianzen sind heute für viele Unternehmen absolut wichtig, wenn es darum geht, sich einen Wettbewerbsvorteil zu sichern. "Mastering Alliance Strategy" ist ein umfassender Leitfaden zum Thema Allianzstrategie. Er entwirrt die haarigsten Themen rund um das Allianzmanagement und erläutert die aktuellsten Gedanken, Ideen und Praktiken für eine effektive Nutzung von Partnerschaften. Ob absoluter Anfänger oder erfahrener Allianzexperte, ob Fachmann im Bereich Unternehmensentwicklung, Linienmanager oder Führungskraft - hier lernen Sie, Allianzen besser zu verstehen und auszunutzen. Die Autoren zeigen, dass das Erfolgsgeheimnis nicht nur in den Feinheiten einer Vereinbarung liegt, sondern auch in der Strategie und Organisation hinter dieser Vereinbarung. Aus ihrer langjährigen Forschungsarbeit und Berichterstattung präsentieren sie hier Ideen und Tools zu den vier Kernelementen einer effektiven Allianzstrategie: Planen der Allianz und Entwerfen der Vereinbarung, Managen der Allianz, sobald sie gegründet ist, Vorteile ziehen aus einer Konstellation von Allianzen, Aufbau einer internen Allianzfähigkeit Verständlich geschrieben. Mit anschaulichem Beispielmaterial. "Mastering Alliance Strategy" - die ultimative Pflichtlektüre für alle Unternehmensstrategen und Führungskräfte.

Alliances

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Publisher : John Wiley & Sons
ISBN 13 : 1118486390
Total Pages : 245 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis Alliances by : Ard-Pieter de Man

Download or read book Alliances written by Ard-Pieter de Man and published by John Wiley & Sons. This book was released on 2014-02-10 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely and practical guide that helps senior managers design successful strategic partnerships Strategic alliances are increasingly common among modern corporations and a hot topic in today's business schools. Alliance is a sophisticated guide to crafting successful partnerships, offering a combination of carefully designed checklists, up-to-date examples and scenarios from around the world, and the tools needed to ensure that all elements of an alliance are taken into account and fully assessed. Most managers don't have the experience or knowledge to create a functional alliance governance structure. This book fills that knowledge gap with a clear description of the proper implementation process. Ideal for business leaders engaged in building a corporate alliance and business school students Covers all of the available alliance structure, describes the building blocks of alliance design, and defines an effective process for managers constructing alliances Written by a leading expert on the subject who is a member of the Board of Directors of the Association of Strategic Alliance Professionals As the popularity and frequency of corporate strategic alliances grows, Alliance gives business leaders the insight and practical advice they need to ensure their partnerships benefit all parties.

Managing Knowledge in Strategic Alliances

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Author :
Publisher : IAP
ISBN 13 : 162396167X
Total Pages : 335 pages
Book Rating : 4.6/5 (239 download)

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Book Synopsis Managing Knowledge in Strategic Alliances by : T. K. Das

Download or read book Managing Knowledge in Strategic Alliances written by T. K. Das and published by IAP. This book was released on 2013-04-01 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Knowledge in Strategic Alliances is a volume in the book series Research in Strategic Alliances that will focus on providing a robust and comprehensive forum for new scholarship in the field of strategic alliances. In particular, the books in the series will cover new views of interdisciplinary theoretical frameworks and models, significant practical problems of alliance organization and management, and emerging areas of inquiry. The series will also include comprehensive empirical studies of selected segments of business, economic, industrial, government, and non-profit activities with wide prevalence of strategic alliances. Through the ongoing release of focused topical titles, this book series will seek to disseminate theoretical insights and practical management information that will enable interested professionals to gain a rigorous and comprehensive understanding of the field of strategic alliances. Managing Knowledge in Strategic Alliances contains contributions by leading scholars in the field of strategic alliance research. The 11 chapters in this volume cover a number of significant topics that speak to the critical issues in managing knowledge in strategic alliances. The chapter topics cover both the broader issues, such as managing uncertainty in alliances, collaborative know-how, novelty in interpartner knowledge, coopetition in knowledge integration, and dynamic knowledge capabilities, and the more focused problems of innovation and partner selection, partner responsiveness and knowledge in supply chain networks, the effect of knowledge flows on the decision to cooperate, and interpartner learning dynamics in an alliance constellation. The chapters include empirical as well as conceptual treatments of the selected topics, and collectively present a wide-ranging review of the noteworthy research perspectives on knowledge management in strategic alliances.

Cooperative Strategies and Alliances

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Author :
Publisher : Elsevier
ISBN 13 : 9780080440217
Total Pages : 974 pages
Book Rating : 4.4/5 (42 download)

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Book Synopsis Cooperative Strategies and Alliances by : Farok J. Contractor

Download or read book Cooperative Strategies and Alliances written by Farok J. Contractor and published by Elsevier. This book was released on 2002-09-20 with total page 974 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reflects the current state-of-the-art research in the alliance field. It is based on thirty-six papers contributed by leading academics at a conference hosted by Professors Contractor and Lorange at IMD, Switzerland. A follow-up to the original conference this book reflects the latest thinking within this field. While the papers have an academic tone, they abound with practical insights and recommendations for alliance practice. Cooperative Strategies in International Business contains papers presented at a conference fifteen years ago hosted by Professors Contractor and Lorange and held at Rutgers University, USA. The book, had a strong impact on the field of international management and strategy, and presaged the explosive growth of alliances over the last decade. It remains today a landmark reference volume, and its papers are still widely read and referenced in companies, MBA and doctoral programs in Business Management worldwide. Together both books provide an indispensible set for academics, policy makers, consultants and strategists involved in strategic alliances.

Contracts and Trust in Alliances

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1848443005
Total Pages : 351 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis Contracts and Trust in Alliances by : Paul Vlaar

Download or read book Contracts and Trust in Alliances written by Paul Vlaar and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paul Vlaar s book very creatively combines three rich streams of research dealing with economic exchanges; and, in doing so, provides readers with new and important insights on trust, contracts and inter-organizational relationships (IORs). This is cross-disciplinary research at its best. Focusing on the independent and interdependent roles of contracts and trust in value creation and in value capture in IORs, Vlaar relies on solid quantitative and qualitative data to support his arguments. This book is must reading for scholars, managers and policy makers who are interested in these topics. Peter Smith Ring, Loyola Marymount University, US Paul Vlaar s Contracts and Trust in Alliances is one of the most creative contributions to the alliance literature in a very long time. Vlaar s discussion is informed by an unusually deep knowledge of the literature, and significantly pushes the research frontier by examining non-standard but crucial issues, notably how mutual understanding and recognition are preconditions for value discovery and creation. Nicolai Juul Foss, Copenhagen Business School, Denmark Paul Vlaar contends that strategic alliances and other forms of cooperation, such as buyer supplier relationships, joint ventures and offshoring initiatives, increasingly stand at the basis of competitive advantage. Although contracts and trust play a crucial role in such relationships, prior studies on both governance solutions are generally confined to single theories, paradigms and viewpoints. Drawing on an in-depth case study, survey data and conceptual developments, the author advances a more integrative framework. He probes issues such as: the tension between the need and the ability to contract trust and contracts as co-evolving and self-reinforcing phenomena contractual functions other than coordination and control dialectical tensions stemming from contract application standardization of contracting practices. By exploring these topics, the book offers novel perspectives on the role of trust in interorganizational relationships, shifting our attention and creation to the discovery of value by collaborating partners. The book offers novel perspectives on the role of contracts and trust in interorganizational relationships, shifting our attention from the creation and appropriation to the discovery of value by collaborating partners. The book will be useful for managers as well as practitioners interested in the governance and management of inter-organizational relationships. It will also be an important resource for academics and students interested in strategy, organization and organizational theory.