Contemporary Corporate Strategies: The Role of Specialization and of Transaction Costs
Abstract
The strategies of the companies in market economies are analyzed in this article. The author shows that transaction costs cause companies not to use only their core resources. There are two main strategies of transaction and specialization costs trade-off reduction — economizing on scale and trust relationships management. The author concludes that in market economies the effect of using the appropriate strategy mainly depends on a networking with contractors.
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References
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Published
2004-09-06
How to Cite
Sergienko, Y. V. (2004). Contemporary Corporate Strategies: The Role of Specialization and of Transaction Costs. Russian Management Journal, 2(3), 47–62. Retrieved from https://rjm.spbu.ru/article/view/757
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Section
New Research
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Articles of the Russian Management Journal are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.
