Knowledge, Options, and Institutions

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Bruce Kogut (, Sanford C. Bernstein & Co. Professor of Leadership and Ethics, Columbia Business School)

Knowledge, Options, and Institutions

Bruce Kogut (, Sanford C. Bernstein & Co. Professor of Leadership and Ethics, Columbia Business School)

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English

Oxford University Press
01 October 2007

Institutions & learned societies: general; Philosophy: epistemology & theory of knowledge; Business strategy

Bruce Kogut's writing has sketched a theory of human motivation that sees managers as social, often altruistic, sometimes as selfish, who care about their colleagues and their status among them. For the first time this book collects together key pieces that show how this view works in application to practical managerial issues, such as technology transfer and licensing, joint ventures as options, and the diffusion of ideas and best practices in the world economy.

In an extensive introduction to these chapters, Kogut grounds this view in recent work in neurosciences and behavioural experiments in human sociality. On this basis, he provides a critique of leading schools of thought in management, including the resource based view of the firm cognition, and experimental economics.

He proposes that people are hardwired to learn social norms and to develop identities that conform to social categories.

This foundation supports a concept of coordination among people that is inscribed in social communities.

It is this concept that leads to a theory of the firm as derived from social knowledge and shared identities.

Kogut argues that the resource based view of the firm is only a view and it fails as a theory because it lacks a behavioural foundation.

If it were to choose one, the choice would be between knowledge and organizational economics.

Similarly, he argues that recent statements regarding cognition do not confront the age-old question of shared templates. If it did, it too would have to confront a theory of social knowledge.

The author then proposes that this foundation is essential to an understanding of norms and institutions as well. Thus, we are moving into a period in which rapid advances in neuroscience increasingly lead to an integrated foundation for the social sciences.

This opening chapter is the gateway to the collected essays, which assemble the author's published articles on knowledge, options, and institutions.

The book ends on the most recent work on open source software and generating rules.

The chapter on open source discusses how new technology is changing the face of innovation.

The final article on generating rules is the segue to the author's current work that looks at how simple rules of social exchange leads to complex patterns of local and global knowledge.

By: Bruce Kogut ( Sanford C. Bernstein & Co. Professor of Leadership and Ethics Columbia Business School)
Imprint: Oxford University Press
Country of Publication: United Kingdom
Dimensions: Height: 242mm, Width: 162mm, Spine: 28mm
Weight: 1g
ISBN: 9780199282524
ISBN 10: 0199282528
Pages: 392
Publication Date: 01 October 2007
Audience: College/higher education , Professional and scholarly , Professional & Vocational , A / AS level , Further / Higher Education
Format: Hardback
Publisher's Status: Active

Bruce Kogut received his Ph.D. from MIT, has been a chaired professor at Wharton (University of Pennsylvania) and at INSEAD (Fontainebleau), and as of September 2007 the Bernstein Chaired Professor at Columbia University. Awarded an honorary doctorate at the Stockholm School of Economics where he has often been a visiting professor, he has also been a visitor at the Ecole Polytechnique, the Wissenschaftszentrum in Berlin, and the Santa Fe Institute. He is on the principal orginators of the theory of the firm as a reservoir of knowledge and capabilities embedded in social networks. In addition, he introduced the use of real options into strategy in reference to joint ventures and multinational production, and the study of institutions as critical to the study of the diffusion of best practices.

Reviews for Knowledge, Options, and Institutions

'This volume constitutes a superb memorial to one of the greatest physicists of the twentieth century. The collection assembled by Dalitz should surely have a place in every serious scientific library and will be an invaluable source text for physicists and historians of science.' Tony Hey Times Higher Educational Supplement 'By editing Dirac's collected works from 1924 to 1948, Richard Dalitz (emeritus professor of theoretical physics at Oxford University) has helped reveal the breadth and depth of Dirac's interests ... Dalitz has arranged Dirac's collected works in a simple and lucid way. Following a seven-page chronology of Dirac's life, the papers are arranged by order of publication ... A complete bibliography of Dirac's works rounds out this massive tome.' American Scientist 'This 1300-page book adds substantially to our knowledge of an already impressive figure.' Cern Courier 'To summarize: anyone interested in the physical sciences can enjoy browsing through this book; for the professional historian of twentieth century physics it will be invaluable.' M. J. Seaton The Observatory