Part 3

Question 1

Power (in the sense of the internal context of the firm):

Answer 1

the ability to accomplish goals through non-contractual exchange relationships (vs authority & influence)

Question 2

The Relational View..

Answer 2

you have low dependence on others, others have high dependence on you, so you control critical resources

Question 3

Structural Holes -

Answer 3

One agent is a critical link between individuals/groups as they have access to information of both sides

Question 4

Institutions (in external context)

Answer 4

Stable organ. arrangements that create order in economic transactions
(can be formal or informal)