Firm-level strategy and global value chains
Mari Sako and
Chapter 21 in Handbook on Global Value Chains, 2019, pp 340-353 from Edward Elgar Publishing
This chapter draws on three branches of management studies â€“ corporate strategy, technology strategy and institutional strategy - in order to develop a framework aimed at analysing and predicting the nature and structure of global value chains (GVCs). First, corporate strategy informs how firms shape GVC governance by making decisions about their boundaries (what to make and what to buy) and their portfolio of trading partners. Second, technology strategy, particularly the profiting from innovation framework, provides insights into how firms capture the value they create when upgrading, by owning or accessing specialized complementary assets. Third, institutional strategy is a useful tool for analysing how firms proactively influence the institutions that govern economic transactions in global value chains. These approaches help GVC research to account for firm-level agency, which contributes to the frameworkâ€™s theoretical rigour and its relevance for policymakers and managers.
Keywords: Business and Management; Development Studies; Economics and Finance; Geography (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:18029_21
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