Contractual Governance: Managing Goals and Values in Inter-organizational Relationships

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

In this paper, I will discuss how my ongoing research on inter-organizational relationships in the biotech industry can help us understand the management and government of the middle. Inter-organizational relationships, in particular public-private, academic-industry partnerships, are associated with a significant potential for creating value, both economic and social. Often, they are seen as the best way of solving complex societal problems because they combine different logics and expertise that would lead to innovative solutions. Yet they are also characterized by substantial challenge in terms of managing across sometimes incompatible logics, cultures and management practices, and often they fail. The literature on inter-organizational relationships has previously considered contracts and trust prevalent mechanisms for thinking about the government of these relationships. Yet neither of these strands have considered contracting a dynamic process that evolves over time. Based on an extensive qualitative study of an academic-industry collaboration and a critical account of attempts in the STS literature to describe inter-organizational networks in terms of ‘infrastructures’, this paper suggests a new approach to studying contractual governance and proposes that contracts are dynamically involved in governing incompatible logics and create value in inter-organizational relationships.
In this paper, I will discuss how my ongoing research on inter-organizational relationships in the biotech industry can help us understand the management and government of the middle. Inter-organizational relationships, in particular public-private, academic-industry partnerships, are associated with a significant potential for creating value, both economic and social. Often, they are seen as the best way of solving complex societal problems because they combine different logics and expertise that would lead to innovative solutions. Yet they are also characterized by substantial challenge in terms of managing across sometimes incompatible logics, cultures and management practices, and often they fail. The literature on inter-organizational relationships has previously considered contracts and trust prevalent mechanisms for thinking about the government of these relationships. Yet neither of these strands have considered contracting a dynamic process that evolves over time. Based on an extensive qualitative study of an academic-industry collaboration and a critical account of attempts in the STS literature to describe inter-organizational networks in terms of ‘infrastructures’, this paper suggests a new approach to studying contractual governance and proposes that contracts are dynamically involved in governing incompatible logics and create value in inter-organizational relationships.

Workshop

WorkshopGoverning the Middle. GTM 2: Platforms, Standards, Practices and the Organization of Contemporary Matters of Collective Concerns
Number2
LocationCopenhagen Business School
CountryDenmark
CityFrederiksberg
Period20/09/201820/09/2018

Bibliographical note

CBS Library does not have access to the material

Cite this

Vedel, J. B. (2018). Contractual Governance: Managing Goals and Values in Inter-organizational Relationships . Paper presented at Governing the Middle. GTM 2: Platforms, Standards, Practices and the Organization of Contemporary Matters of Collective Concerns, Frederiksberg, Denmark.
Vedel, Jane Bjørn. / Contractual Governance : Managing Goals and Values in Inter-organizational Relationships . Paper presented at Governing the Middle. GTM 2: Platforms, Standards, Practices and the Organization of Contemporary Matters of Collective Concerns, Frederiksberg, Denmark.23 p.
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title = "Contractual Governance: Managing Goals and Values in Inter-organizational Relationships",
abstract = "In this paper, I will discuss how my ongoing research on inter-organizational relationships in the biotech industry can help us understand the management and government of the middle. Inter-organizational relationships, in particular public-private, academic-industry partnerships, are associated with a significant potential for creating value, both economic and social. Often, they are seen as the best way of solving complex societal problems because they combine different logics and expertise that would lead to innovative solutions. Yet they are also characterized by substantial challenge in terms of managing across sometimes incompatible logics, cultures and management practices, and often they fail. The literature on inter-organizational relationships has previously considered contracts and trust prevalent mechanisms for thinking about the government of these relationships. Yet neither of these strands have considered contracting a dynamic process that evolves over time. Based on an extensive qualitative study of an academic-industry collaboration and a critical account of attempts in the STS literature to describe inter-organizational networks in terms of ‘infrastructures’, this paper suggests a new approach to studying contractual governance and proposes that contracts are dynamically involved in governing incompatible logics and create value in inter-organizational relationships.",
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Vedel, JB 2018, 'Contractual Governance: Managing Goals and Values in Inter-organizational Relationships ' Paper presented at, Frederiksberg, Denmark, 20/09/2018 - 20/09/2018, .

Contractual Governance : Managing Goals and Values in Inter-organizational Relationships . / Vedel, Jane Bjørn.

2018. Paper presented at Governing the Middle. GTM 2: Platforms, Standards, Practices and the Organization of Contemporary Matters of Collective Concerns, Frederiksberg, Denmark.

Research output: Contribution to conferencePaperResearchpeer-review

TY - CONF

T1 - Contractual Governance

T2 - Managing Goals and Values in Inter-organizational Relationships

AU - Vedel,Jane Bjørn

N1 - CBS Library does not have access to the material

PY - 2018

Y1 - 2018

N2 - In this paper, I will discuss how my ongoing research on inter-organizational relationships in the biotech industry can help us understand the management and government of the middle. Inter-organizational relationships, in particular public-private, academic-industry partnerships, are associated with a significant potential for creating value, both economic and social. Often, they are seen as the best way of solving complex societal problems because they combine different logics and expertise that would lead to innovative solutions. Yet they are also characterized by substantial challenge in terms of managing across sometimes incompatible logics, cultures and management practices, and often they fail. The literature on inter-organizational relationships has previously considered contracts and trust prevalent mechanisms for thinking about the government of these relationships. Yet neither of these strands have considered contracting a dynamic process that evolves over time. Based on an extensive qualitative study of an academic-industry collaboration and a critical account of attempts in the STS literature to describe inter-organizational networks in terms of ‘infrastructures’, this paper suggests a new approach to studying contractual governance and proposes that contracts are dynamically involved in governing incompatible logics and create value in inter-organizational relationships.

AB - In this paper, I will discuss how my ongoing research on inter-organizational relationships in the biotech industry can help us understand the management and government of the middle. Inter-organizational relationships, in particular public-private, academic-industry partnerships, are associated with a significant potential for creating value, both economic and social. Often, they are seen as the best way of solving complex societal problems because they combine different logics and expertise that would lead to innovative solutions. Yet they are also characterized by substantial challenge in terms of managing across sometimes incompatible logics, cultures and management practices, and often they fail. The literature on inter-organizational relationships has previously considered contracts and trust prevalent mechanisms for thinking about the government of these relationships. Yet neither of these strands have considered contracting a dynamic process that evolves over time. Based on an extensive qualitative study of an academic-industry collaboration and a critical account of attempts in the STS literature to describe inter-organizational networks in terms of ‘infrastructures’, this paper suggests a new approach to studying contractual governance and proposes that contracts are dynamically involved in governing incompatible logics and create value in inter-organizational relationships.

M3 - Paper

ER -

Vedel JB. Contractual Governance: Managing Goals and Values in Inter-organizational Relationships . 2018. Paper presented at Governing the Middle. GTM 2: Platforms, Standards, Practices and the Organization of Contemporary Matters of Collective Concerns, Frederiksberg, Denmark.