Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

60

Share

Download to read offline

Networks and the Nature of Networks and the Next Economy

Download to read offline

Networks and the Nature of the Firm
“The existence of high transaction costs outside
firms led to the emergence of the firm as we
know it, and management as we know it….The
reverse side of Coase’s argument is as
important: If the (transaction) costs of exchanging
value in the society at large go down drastically
as is happening today [because of networks], the
form and logic of economic and organizational
entities necessarily need to change! The
mainstream firm, as we have known it, becomes
the more expensive alternative.”Esko Kilpi

Related Books

Free with a 30 day trial from Scribd

See all
  • SanathKeerthisinghe

    May. 2, 2021
  • Mdeeb2

    Aug. 24, 2020
  • hemisdy

    Aug. 8, 2020
  • burtonlee1

    Apr. 23, 2020
  • AloisNyamarebvu

    Mar. 1, 2020
  • HerbertusJBertjanGro

    Jun. 25, 2019
  • taijitaichi

    Feb. 15, 2019
  • inirs

    Sep. 14, 2018
  • tomaszkustrzynski

    Jul. 17, 2018
  • PradeepPrabhu5

    Jun. 11, 2018
  • sierrakilo

    Jun. 4, 2018
  • marcelomalcher

    May. 21, 2018
  • JamesDean30

    May. 20, 2018
  • jlardee

    May. 17, 2018
  • LearningPlan

    May. 14, 2018
  • ThomasLi33

    May. 10, 2018
  • vanderwal

    May. 10, 2018
  • JeremyTorrance

    May. 8, 2018
  • HuwJones29

    May. 8, 2018
  • srust99

    May. 8, 2018

Networks and the Nature of the Firm “The existence of high transaction costs outside firms led to the emergence of the firm as we know it, and management as we know it….The reverse side of Coase’s argument is as important: If the (transaction) costs of exchanging value in the society at large go down drastically as is happening today [because of networks], the form and logic of economic and organizational entities necessarily need to change! The mainstream firm, as we have known it, becomes the more expensive alternative.”Esko Kilpi

Views

Total views

39,939

On Slideshare

0

From embeds

0

Number of embeds

407

Actions

Downloads

282

Shares

0

Comments

0

Likes

60

×