A Review of Interfirm Networks: A Deeper Understanding of The Relationship Paradigm
Interfirm relationships or networks take a variety of forms and can potentiallyprovide significant synergy for the participants. Yet, most of research studies,to date, have primarily analyzed interfirm networks based upon one paradigm/perspective. This review aims to examine a complete theoretical basis of networkresearch and looks for research gaps and practical implications for both researchersand practitioners. Specifically, it summarizes six conceptual perspectives regardinginterfirm networks: motivational, relational, structural, evolutionary, interactional,and governance, in order to address similarities and differences among differentperspectives. With this purpose in mind, the relevant literature is reviewed and, atthe conclusion of each conceptual perspective, areas of research that require moredevelopment and investigation are identified. Finally, suggestions for managers contemplatingor engaged in interfirm networks are presented.