AS THE TURBULENT ENVIRONMENT IN PERIODS OF ACCELERATED DYNAMICS MODIFIES STRUCTURES AND FUNCTIONS OF VIABLE FIRMS
Abstract
The TR5-E is subject to the Corporate Governance (C.Gov) of the stakeholders. From the previous models we can derive that firms can be conceived of as cognitive, intelligent and explorative agents whose long-lasting firm survival depends upon the continual learning process, which allows firms to adapt and self-renew both products and processes, as well as on the overall organizational structure (Volberda and Lewin, 2003). In this activity, and by acting as a living system, organizations are capable of forming representations of the external world and of acting (reacting or pro-acting) to regenerate and re-equilibrate the network of vital processes (Von Krogh and Roos, 1995) in order to couple themselves successfully to the environment and survive to its dynamics even by modifying their own structure in line with the variations permitted by the genetic and operative programme (Uribe, 1981).
As a cognitive and viable system, the organizationfirm becomes, in all respects, an intelligent and rational economic agent that develops the capacity to control its own structure, its own processes and its own dynamics in order to achieve increasingly higher levels of efficiency, according to the MEST logic.Downloads
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