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 atransactionsa 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 astate-of-the-arta approach, working to bridge the gap between theory and practice.Some of those companies charge their customers on consumables instead of the maintenance service fees. ... at hotels serve potential customers a cup of expensive coffee in Lexus distributors that are managed by a manufacturer, Toyota.
|Title||:||Transaction Cost Management|
|Publisher||:||Springer - 2014-08-07|