Invisible, Visible and ‘Direct’ Hands
An Institutional Interpretation of Organisational Structure and Change in British General Insurance
Bibliographic Data
| ID | 8418779 |
|---|---|
| Authors | Oliver M Westall (Lancaster University, corresponding author) |
| Year | 1997 |
| Volume | 39 |
| Issue | 4 |
| Pages | 44-66 |
| Publication date | 1997-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076799700000145 |
| OpenAlex | W2055029852 |
| Language | EN |
| Citations received | 8 |
This essay uses ideas drawn from institutional and evolutionary economics to explore three different approaches to the organisation of insurance operations in Britain since the eighteenth century: the market-based approach used by Lloyd's; the hierarchical approach developed by insurance companies from the nineteenth century; and the 'direct' approach introduced in the last few years. It argues that these ideas open up the 'black box' of internal operation to economic analysis and relate these to broader strategic change in the business, thus providing a better understanding of its long-term developments by showing how technological innovations have resolved previously intractable difficulties that have channelled the direction of organisational change
Business history · Economics · Institutional change · Interpretation (philosophy · Management · Neoclassical economics · Political science · Positive economics · Sociology · Computer Science · Historical Economic and Social Studies · Public Administration
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| Citations per year | 0.3 |
|---|---|
| Citation span | 1999 - 2019 (21) |
| Highly cited | No |