Please enable JavaScript.
Coggle requires JavaScript to display documents.
B201: Week 2. Ways of thinking: Relationship structures (Inter…
B201: Week 2. Ways of thinking: Relationship structures
Inter-organisational relationships: markets, hierarchies and networks
Walter Powell
1990'S
Must develop relationships with stakeholders in a way that is appropriate to how a particular organisation works
Markets
Exchange of good and services
Relationships serve little importance
Governed by contracts, communicated in price
Bests price wins
Examples - Stock markets and other trading
Hierarchies
People high in the hierarchy for the relationships with outside organisations
Defined and controlled by authority and position
Formalised and controlled by route transactions
Examples - Government agencies in public sector
Networks
Relationships = high importance
Open and complementary
Examples - Voluntary sector and trade associations