Structural Holes: The Social Structure of Competition by Ronald S. BurtStructural Holes: The Social Structure of Competition by Ronald S. Burt

Structural Holes: The Social Structure of Competition

byRonald S. Burt

Paperback | August 11, 1995

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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.

Ronald S. Burt is Professor, Graduate School of Business, University of Chicago.
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Title:Structural Holes: The Social Structure of CompetitionFormat:PaperbackDimensions:324 pagesPublished:August 11, 1995Publisher:HarvardLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0674843711

ISBN - 13:9780674843714

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Reviews

Table of Contents

Acknowledgments

Introduction

1. THE SOCIAL STRUCTURE OF COMPETITION

Opportunity and Capital

Information

Structural Holes

Control and the Tertius Gaudens

Entrepreneurs

Secondary Holes

Structural Autonomy

Summary

2. FORMALIZING THE ARGUMENT

Network Data

Redundancy

Constraint

Hole Signature

Structural Autonomy

Summary

3. TURNING A PROFIT

Product Networks and Market Profit

The Study Population

Hole Effects

Market Hole Signatures

Summary

Appendix: Weighing Alternatives

4. GETTING AHEAD

Contact Networks and Manager Achievement

The Study Population

Hole Effects

Hierarchy

Institutional Holes

Selecting a Network

Summary

Appendix A: Weighing Alternatives

Appendix B: Causal Order

5. PLAYER-STRUCTURE DUALITY

Structural Unit of Analysis

Players and Structures

Escape from Attributes

No Escape

Summary

6. COMMIT AND SURVIVE

Holes and Heterogeneity

Interface and the Commit Hypothesis

Population Ecology and the Survival Hypothesis

Summary

7. STRATEGIC EMBEDDING AND INSTITUTIONAL RESIDUE

The Other Tertius

Strategy Hypothesis

Formal Organization as Social Residue

Personality as Emotional Residue

Summary

Notes

References

Index

Editorial Reviews

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.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.