Abstract
The Industrial Network Approach encompasses two core models: the interaction model, dealing with bilateral exchange episodes and long-term relations between firms, and the network or activities-resources-actors model, which considers the relations between a set of actors (three or more) and their interdependencies. Core concepts in these models are: network embeddedness, interdependencies, heterogeneity of resources, involvement and interfaces, adaptations, and network dynamics. The Industrial Network Approach is one of the few theoretical perspectives that is so strongly rooted in observations on buyer-supplier relations, while at the same time it has been used to study both the supply and buy side of buyer-supplier relations.
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