Learn about environmental complexity, dynamism, and richness, and how these factors contribute to the success or failure of a business or organization.
Explore the basics of resource dependence theory, including its definition, what it means for a resource to be scarce, and how organizations interact.
The goal of transaction cost theory is to minimize costs for exchange of resources and for management of the resources; explore its qualities and limitations.
Learn about transaction costs, including creating agreements with external trading partners and hiring internal managers to keep transaction costs low.
Gain an understanding of different organizational models that support the transaction cost theory, including the Keiretsu model, franchising, and outsourcing.
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