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Ronald 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 Details

ISBN: 9780674843714
ISBN-10: 0674843711
Format: Paperback
(235mm x 155mm x 19mm)
Pages: 324
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 2-Oct-1995
Country of Publication: United States

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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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