Title: KNOWLEDGE, SCALE AND TRANSACTIONS IN THE THEORY OF THE FIRM
Description: "Firms in market economies vary enormously in size, nature and competitiveness. In this contribution to the literature on the theory of the firm, Mario Morroni provides a new analytical framework which improves our understanding of the causes of this diversity in organisational design and performance. The relations between internal and external basic conditions, decision-making mechanisms and organisational coordination are addressed, as are the circumstances in which capabilities, transactions and scale-scope considerations interact. With the emergence of the knowledge-based economy and the increasing pressure of global competition, the development of capabilities is acquiring ever greater importance in boosting competitiveness.

Morroni shows that long-term relational agreements enhance learning processes and offer powerful tools for improving competitiveness in a context of conflicting interests, incomplete knowledge, and uncertainty."--Jacket.
Subjects: Industrial management, Organizational effectiveness, Communication in organizations, Organizational learning, Business enterprises