The importance of governance in business models
The importance of governance in business models

Summary/Abstract: Interorganizational relationships help firms to create value by combining resources,developing knowledge resources and facilitating access to foreign markets. Inparticular, one should highlight the importance of relationships from the perspective ofknowledge creation and sharing. The main theoretical paradigms used to explain thereasons behind creation of interorganizational interrelationships are as follows: transactioncosts economics, resource dependence, stakeholder theory, and learning theory.Governance may be important component of interorganizational networks. The impactof governance depends on the type of network. The successful adoption of a particularform of governance in a network may be attributed to the following factors: trust, sizeof network, goal congruence among the network members, the nature of the task of thenetwork.

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