The Firm

Beveren The author John Van Beveren is Lecturer, University of Ballarat, Mt Helen, Australia. Keywords Information, Management, Model, Intellectual property, Innovation Abstract This paper presents a model of knowledge acquisition from definitions of data, information and knowledge. The model asserts that knowledge cannot exist outside of the human brain, and that any expression of the knowledge requires it to be transformed into information to be communicated outside of the brain.…

CASE OF ENCORE INTERNATIONAL In the world of trend-setting fashion, instinct and marketing savvy are prerequisites to success. Jordan Ellis had both. During 2011, his international casual- wear company, Encore rocketed to $300 million in sales after 10 years in business. His fashion line covered the young woman from head to toe with hats, sweaters, dresses, blouses, skirts, pants, sweatshirts, socks, and shoes. In Manhattan, there was an Encore shop every five or six blocks, each featuring a

entanto, observando a atuação econômica de empresas (firms), percebe que os agentes econômicos não atuam diretamente no mercado, pois organizam empresas (firms) pelas quais atuam visando sobretudo escapar dos mecanismos de formação dos preços. A partir daí edifica-se a teoria econômica da empresa (theory of the firm). Deste modo, indaga Coase acerca da empresa: “But in view of the fact that it is usually argued that co-ordination will be done by the price mechanism, why is such…

1. In the corporate form of ownership, the shareholders are the owners of the firm. The shareholders elect the directors of the corporation, who in turn appoint the firm’s management. This separation of ownership from control in the corporate form of organization is what causes agency problems to exist. Management may act in its own or someone else’s best interests, rather than those of the shareholders. If such events occur, they may contradict the goal of maximizing the share price of…

Winning philosophy – for the process to be successful, the parts involved should choose the philosophy when both win. They should work close together, sharing information to create value for both of them. If one company tries to win based on its partner lost, both may end up losing competitiveness and profitability. At the beginning, the focal firm may win some advantages over its supplier, but in the long run, the supplier will break or lose its commitment with the firm and find other…

A PROJECT-BASED VIEW OF THE LINK BETWEEN STRATEGY, STRUCTURE AND LEAN CONSTRUCTION Antonio N. de Miranda Filho1, Luiz F. M. Heineck2 and Jorge Moreira da Costa3 ABSTRACT Currently, there is a good understanding that companies do not obtain satisfactory results when lean practices are implemented alone. The benefits can only be realized by making a substantial number of organizational changes, which in turn need to be coherent with the business strategy. However, contextual factors drive…

M.B.A. (III Year) Paper – 3.6 Strategic Management Copy Right Reserved for Private use only Paper – 3.6 : Strategic Management Unit 1 The business system – objectives of the business – setting up and balancing the objectives – mission – vision – goals Strategic analysis of functional areas – Production – marketing – human resources – finance – analyzing corporate capabilities – SWOT Unit 2 Corporate strategy…

Interdependence and the Gains from Trade Part Two: Supply and Demand I: How Markets Work 4. The Market Forces of Supply and Demand 5. Elasticity and Its Application 6. Supply, Demand, and Government Policies Part Three: Supply and Demand II: Markets and Welfare 7. Consumers, Producers, and the Efficiency of Markets 8. Application: The Costs of Taxation 9. Application: International Trade Part Four: The Economics of Public Sector 10. Externalities 11. Public Goods and Common…

institucionalismo Classificação JEL: B52, D21, D23 The theory of the firm and the Transaction Costs Economics approach: elements for an institutional criticism Abstract: the notorious problems faced by the neoclassical theory of the firm, characterized by a static notion of the business behavior, have induced other schools of economic thought to dedicate great effort in providing an alternative theoric body, from which one could emphasize the Transaction Costs Economy (TCE).…

GLOSSARY absolute advantage—the comparison among producers of a good according to their productivity aggregate-demand curve—a curve that shows the quantity of goods and services that households, firms, and the government want to buy at each price level aggregate-supply curve—a curve that shows the quantity of goods and services that firms choose to produce and sell at each price level appreciation—an increase in the value of a currency as measured by the amount of foreign currency it…