From Singularity to Complementarity

Paul Turner ()
Additional contact information
Paul Turner: Leeds Beckett University-Associate

Chapter 1 in Complementarity in Organizations, 2022, pp 1-30 from Springer

Abstract: Abstract All business organisations strive for progression, which means movement towards an objective by converting the energy within from latent potential to actual force, and orchestrating assets and resources in support of this movement. In addition, it means development- providing foundations for future growth—by balancing a focus on short term gains with investments that will pay back in the longer term. Progression manifests itself by results—profit, return on investment, or the maximisation of shareholder value and by the successful adaptation to contemporary environments including social objectives -fair- trade practices, contribution to social welfare, respect for and understanding about the environment, diversity, and equality of opportunity. A characteristic of latent potential is that of complementarity in which one capability reinforces the impact of another capability—where the relations of independent units or their evolution creates higher value than their individual operation. Complementarity refers to the interaction of business strategies and practices to produce coherent, aligned and mutually reinforcing systems and processes that give superior outcomes over those that would occur if such strategies or practices had taken place independently of one another.

Keywords: Complementarity; Business strategy; Systems; Processes; Competitive progression (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-10654-5_1

Ordering information: This item can be ordered from
http://www.springer.com/9783031106545

DOI: 10.1007/978-3-031-10654-5_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().