Synergy is a concept fraught with ambiguity about its sources and effects, perhaps as a consequence of of previous … literature on the subject not distinguishing between these. In this paper, the sources of synergy are separated from the sources …, and thus be able to answer the question of when and under which circumstances synergy can be expected to generate …

exploit all opportunities for synergy because these may require coordination which might add costs that more than offset the … advantages gained. The cost of coordination in turn depends on the organiza-tional context, because it affects the way the …

Sharing common inputs across business lines can potentially generate synergy that justifies related diversification …. The pursuit of such synergy through diversification is, however, fundamentally driven by the indivisibility of inputs … between firms. Following Penrose's insight, I argue that to realize the synergy a firm needs to actively manage the …

This paper endogenizes coordination problems in organizations by allowing for both ex ante coordination of activities …, using rules and task guidelines, and ex post coordination, using communication and broad job assignments. It shows that: (i … coordination. In particular, specialization is often non-monotonic in the importance of coordination. (ii) Organizations exhibit …

individual and the organization as a collective action build-up. From this point of view, the OIS considered as a collective … interindividual coordination through the double relation ; with the technical implement and the community of practice we can show that … appropriation of knowledge and technologies by the members of the organization and in the production and the reproduction of the …

-unit managers’ authority. Realizing synergies then involves a tradeoff between motivation and coordination. Motivating managers …

, which must be adapted to a privately observed shock and coordinated with other tasks. Coordination requires that agents pay … leadership naturally arise as a response to organizational trade-offs between coordination and adaptation. At the optimum, all … attention is evenly allocated to a select number of "leaders." The organization then excels in a small number of focal tasks at …

and contract theory, applying organization theories in labor economics, and using these theories to interpret the wealth …