Efficient Boundaries.
Abstract
The problem of organizational boundaries is recast as prescriptive, rather than purely descriptive, in nature. Building on a transaction costs framework, the ability of various types of transaction governance mechanisms to equitably and efficiently mediate economic exchanges is investigated. By integrating previous work, a set of transaction characteristics related to governance mechanism efficiency is developed. Next, a taxonomy of governance mechanisms, both internal and external to an organization's boundary, is developed. An efficient matching of transaction characteristics and governance mechanisms is then proposed. This matching is intended as a theoretical guide to work. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1981
- Accession Number
- ADA118108
Entities
People
- Jay B. Barney
- William G. Ouchi
Organizations
- University of California, Los Angeles