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All organizations, institutions, business processes, markets and strategies have one aim in common: the reduction of transaction costs. This aim is pursued relentlessly in practice, and has been perceived to bring about drastic changes, especially in the recent global market and the cyber economy. This book analyzes and describes “transactions” as a model, on the basis of which organizations, institutions and business processes can be appropriately shaped. It tracks transaction costs to enable a scientific approach instead of a widely used “state-of-the-art” approach, working to bridge the gap between theory and practice. This open access book analyzes and describes “transactions” as a model...
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Keywords
- Business & management
- Business and Management
- Business applications
- Business mathematics & systems
- business process
- Economics
- economics of industrial organisation
- Economics, finance, business & management
- Industrial organization
- IT in Business
- Management & management techniques
- Management of specific areas
- open access
- operations management
- Organization
- Organizational theory & behaviour
- Standardization
- transaction
- value creation
Links
DOI: 10.1007/978-3-319-06889-3Editions