Workplace and property firms must wake up to the new era of networked businesses
Workplace Insight
DECEMBER 11, 2023
JSCs came into fashion in the 1600s as the costs and risks associated with overseas trading voyages grew. In his seminal 1937 paper, The Nature of the Firm , Coase suggested that transaction costs attached to doing business are more effectively and efficiently dealt with by a single decision-making structure.
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