Enterprise transformation as coordination game: The leadership challenge
Empirical evidence, especially in case studies, shows that individual leaders often have a crucial role in successful enterprise transformation in transition economies. Conventional economic analysis of corporate governance alone cannot explain this role of leadership. In this theoretical paper I use coordination games to analyse transitions from one equilibrium to another. I argue that the creation of common knowledge among stakeholders by a leader allows firms to overcome coordination failures. This is crucial for enterprise transformation because of the multiplicity of stakeholders who need to coordinate their action to implement radical organizational change.
Year of publication: |
2001
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Authors: | Meyer, Klaus E. |
Published in: |
Journal for East European Management Studies. - Mering : Rainer Hampp Verlag, ISSN 0949-6181. - Vol. 6.2001, 2, p. 152-168
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Publisher: |
Mering : Rainer Hampp Verlag |
Saved in:
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