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The place of contract in organizational awareness: deconstructing process, market and connectedness

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  • Scott, Susan V.
  • Paris, Carolyn

Abstract

Throughout modern business history, contract has been used as an organizational technology that holds counterparties in formal or legally binding agreements. The proliferation of contract prompted the emergence of professional contract managers who played an important but relatively peripheral role applying situations awareness to the practice of compliance and business relationship management. As more complex organizational forms emerge (outsourcing, supply chains and enterprise IS), contract has come to be seen as a standard coordination device whose foundational assumptions are taken for granted. In this study, we draw attention to two different ways of designing the organizational technology of contract: a process-oriented approach and a market-based valuation of contract. Both approaches promise to provide management information by offering a form of calculability but we argue distort organizational awareness. Our conclusion is that a more developed notion of organizational awareness is needed supported by an alternative conceptualization of contract as a technology or connectedness.

Suggested Citation

  • Scott, Susan V. & Paris, Carolyn, 2010. "The place of contract in organizational awareness: deconstructing process, market and connectedness," LSE Research Online Documents on Economics 26700, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:26700
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    File URL: http://eprints.lse.ac.uk/26700/
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    contract; organizations; organization awareness; financial markets; financial innovation; networks; design;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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