The Social Structure of Competition
By (author) Ronald S. Burt
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Structural Holes by Ronald S. Burt
Book DescriptionRonald Burt describes the social structure 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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Book DetailsISBN: 9780674843714
(235mm x 155mm x 19mm)
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 2-Oct-1995
Country of Publication: United States
Books By Author Ronald S. Burt
Neighbor Networks, Hardback (January 2010)
There is a moral to this book, a bit of Confucian wisdom often ignored in social network analysis: "Worry not that no one knows you, seek to be worth knowing." In this book Burt builds on his celebrated work to examine the cases of analysts, bankers, and managers, and find that rewards, in fact, do go to people with well-connected colleagues.
Brokerage and Closure, Paperback (September 2007)» View all books by Ronald S. Burt
Social Capital, the advantage created by location in social structure, is a critical element in business strategy. Who has it, how it works, and how to develop it have become key questions in markets, organizations, and careers. Ronald S. Burt builds on his celebrated work in this area to explore these issues.
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Author Biography - Ronald S. Burt
Ronald S. Burt is Professor, Graduate School of Business, University of Chicago.
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