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Business & Management - Business Information Systems | Transaction Cost Management - Strategies and Practices for a Global Open Economy

Transaction Cost Management

Strategies and Practices for a Global Open Economy

Suematsu, Chihiro

2014, XVII, 273 p. 31 illus.

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  • ​Proposes clear theoretical and operational definitions supported by numerous cases and examples
  • Presents methodologies to design functions to reduce transaction costs such as business processes and capability enhancement programs
  • Provides tips to business managers that are based on empirical studies to help understand the model and apply it in practice

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.

Content Level » Professional/practitioner

Keywords » Business process - Organization - Standardization - Transaction - Value creation

Related subjects » Business Information Systems - Industrial Organization - Organization - Human Resource Management - Production & Logistics

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