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Capabilities.
G. B. Richardson (1924-)
“Where
activities are both similar and complementary
they could be co-ordinated by
direction within an individual business.
Generally, however,
this would not be the case and the
activities to be co-ordinated, being
dissimilar, would be the responsibility of
different firms. Co-ordination would then have to be brought about
either through
co-operation, firms agreeing to match
their plans ex ante, or through the processes of adjustment set in
train by the market mechanism” (Richardson 1972, p.
895).