Ronald Burt describes the social structural 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.
|Product dimensions:||6.12(w) x 9.25(h) x (d)|
About the Author
Ronald S. Burt is Professor at the University of Chicago Booth School of Business.
Table of Contents
1. THE SOCIAL STRUCTURE OF COMPETITION
Opportunity and Capital
Control and the Tertius Gaudens
2. FORMALIZING THE ARGUMENT
3. TURNING A PROFIT
Product Networks and Market Profit
The Study Population
Market Hole Signatures
Appendix: Weighing Alternatives
4. GETTING AHEAD
Contact Networks and Manager Achievement
The Study Population
Selecting a Network
Appendix A: Weighing Alternatives
Appendix B: Causal Order
5. PLAYER-STRUCTURE DUALITY
Structural Unit of Analysis
Players and Structures
Escape from Attributes
6. COMMIT AND SURVIVE
Holes and Heterogeneity
Interface and the Commit Hypothesis
Population Ecology and the Survival Hypothesis
7. STRATEGIC EMBEDDING AND INSTITUTIONAL RESIDUE
The Other Tertius
Formal Organization as Social Residue
Personality as Emotional Residue
What People are Saying About This
Structural Holes is an important book that works on many levels. It is a major contribution to economic and organizational sociology that will stimulate the imaginations of students of families, international politics, and individual personality as well; a work of extraordinary sophistication that is engaging enough to assign to master students; and a development of rational models of action that combines the elegance of game theory with the realism of network analysis.
Paul DiMaggio, Princeton University
Structural Holes makes an important contribution to clarifying the connection between macrosociological and microsociological levels of analysis... By combining sociological theory and outstanding empirical research from different interaction contexts, Burt creates a model for sociological work in general.
Bernard Barber, Columbia University
A sociological masterwork of structural analysis distinguished in every aspect: theoretical, methodological, empirical. Bound to be a standard-setting book for years to come.
Robert K. Merton, Columbia University
Structural Holes is to management what the X-ray was to medicine. Ron Burt has made visible what before could only be inferred: the hidden structure of the "informal organization." Those who gain the "sight" this book offers will have acquired an unprecedented power to lead.
Don Ronchi, organizational consultant