Transaction Cost Management Strategies and Practices for a Global Open Economy /

• Main Author: Suematsu, Chihiro (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2014.
• Series: Management for Professionals,
• Subjects: Business.; Organization.; Planning.; Production management.; Information technology.; Business > Data processing.; Industrial organization.; Business and Management.; IT in Business.; Operations Management.; Industrial Organization.
• Physical Description: XVII, 273 p. 31 illus. online resource.
• ISBN: 9783319068893
• ISSN: 2192-8096

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.