Abstract
Th is paper presents an explanatory framework for investigating the power
relationships among business actors and their strategic interactions, as well as their embedded social networks and institutional settings. Grounded on the power analysis from the French School of Organizational Sociology ( FSoS), this paper provides an in-depth analysis of the business alliance between a state-owned asset operating organization and a private enterprise group, which was undertaken in the reorganization of state-owned assets in China. With the concept of embeddedness, the author contends that power, as an indispensable
prerequisite for any business alliance, is embedded in social networks, and more
broadly, in the institutional environment of the market-oriented reform and regime continuity in China, which in turn brings uncertainty to power and alliance. This paper contributes at the theoretical level by bringing the power analysis back into the business alliance literature, integrating Granovetter’s network embeddedness and Nee‘s institutional embeddedness, and proposing to have close attention paid to social networks and broader institutional surroundings within which the business actors are embedded and being influenced.
relationships among business actors and their strategic interactions, as well as their embedded social networks and institutional settings. Grounded on the power analysis from the French School of Organizational Sociology ( FSoS), this paper provides an in-depth analysis of the business alliance between a state-owned asset operating organization and a private enterprise group, which was undertaken in the reorganization of state-owned assets in China. With the concept of embeddedness, the author contends that power, as an indispensable
prerequisite for any business alliance, is embedded in social networks, and more
broadly, in the institutional environment of the market-oriented reform and regime continuity in China, which in turn brings uncertainty to power and alliance. This paper contributes at the theoretical level by bringing the power analysis back into the business alliance literature, integrating Granovetter’s network embeddedness and Nee‘s institutional embeddedness, and proposing to have close attention paid to social networks and broader institutional surroundings within which the business actors are embedded and being influenced.
Translated title of the contribution | Analyzing the Embeddedness of Power: Business Alliance under the Reorganization of State-Owned Assets |
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Original language | Chinese |
Pages (from-to) | 25-45 |
Number of pages | 21 |
Journal | Chinese Journal of Sociology |
Volume | 30 |
Issue number | 5 |
Publication status | Published - 2010 |
Keywords
- business alliance
- reorganization of state-owned assets
- embeddedness of power
- social networksd reform and regmi e continuity
- market oriented reform and regmie continuity