THE NEW ECONOMICS

Abstract

Downsizing, outsourcing and decentralization are all symptoms of a fundamental change in corporate structure triggered by the ‘killer applications’ — revolutionary new goods or services — being spawned by the exponential growth potential of information technology. The secret of why they are threatening the foundation of traditional companies and markets lies in an understanding of the neglected subject of transaction costs.

Citation

Downes, L. and Mui, C. (1998), "THE NEW ECONOMICS", Measuring Business Excellence, Vol. 2 No. 3, pp. 44-51. https://doi.org/10.1108/eb025543