Why Bosses Don't Wear Bunny Slippers: TAITC
The Answer Is Transaction Costs
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Understanding Transaction Costs in Organizations
This chapter explores transaction costs and their significant influence on organizational decision-making, particularly the choice between in-house production and outsourcing. It highlights the complexities managers face in coordinating external contracts and the potential pitfalls of relying too heavily on external services, supported by insights from Ronald Coase.
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