PERSPECTIVES OF INTER-ORGANIZATIONAL RELATIONSHIP GOVERNANCE MECHANISMS IN THE BUSINESS ECOSYSTEMS- A REVIEW.

Alhassan Alolo Akeji Abdul-Rasheed, Wen Yuan Li, Ibrahim Abdul-Fatawu, kofi Baah Boamah, Isaac Asare Bediako

Abstract


The concept of inter-organisational network relationship is increasingly gaining currency in management research; however there is limited recognition as to how these relationships are governed. Governance typically involves the structure, power and process to make decisions on collective activities. Making the right decision is an essential part of inter-organisational relationship governance. Decisions related to the inter-organizational relationship governance can influence the health of the organizations and can as well result on fostering the success or greatly contributing to the failure of the organizations. We conduct an unsystematic review of the inter-organizational network relationship governance and related literature. The study offers insight into the governance mechanisms that are adopted in a transaction relationship by actors in a business ecosystem. A deeper understanding of inter-organizational governance will be valuable in crafting strategies for parties involve in transaction as that can be used to predict behaviours of transactors as well influence the outcome of actors’ relationships. The study identified that appropriate blend or combination of different governance mechanisms is necessary as the mechanisms exclusively do not exist mutually.


   


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