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Transaction Cost Management Strategies and Practices for a Global Open Economy

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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. T...

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Bibliographic Details
Main Author: Suematsu, Chihiro (auth)
Format: Electronic Book Chapter
Language:English
Published: Springer Nature 2014
Series:Management for Professionals
Subjects:
Business mathematics & systems
Organizational theory & behaviour
Management of specific areas
Economics of industrial organisation
IT in Business
Organization
Operations Management
Industrial Organization
Business and Management
Business process
Standardization
Transaction
Value creation
Open access
Business applications
Online Access:DOAB: download the publication
DOAB: description of the publication
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Summary: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...
Physical Description:1 electronic resource (273 p.)
ISBN:978-3-319-06889-3
9783319068893
Access:Open Access

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