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MANAGING MARKETS: IMPLICATIONS FOR THE MAKE‐BUY DECISION

MANAGING MARKETS: IMPLICATIONS FOR THE MAKE‐BUY DECISION ABSTRACT The concept of a managed market is developed and is seen as especially suitable for complex transactions as an alternative to internal hierarchical organization. It is argued that a number of augmenting processes, namely trust, routinization and mutual adjustment, usually associated with internal organization, can be used to good effect in a market. Hence the paper develops an approach to make‐buy decisions through a transactions cost model and exemplifies the augmenting processes in three case studies from branches of the engineering industry. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Management Studies Wiley

MANAGING MARKETS: IMPLICATIONS FOR THE MAKE‐BUY DECISION

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References (15)

Publisher
Wiley
Copyright
Copyright © 1983 Wiley Subscription Services, Inc., A Wiley Company
ISSN
0022-2380
eISSN
1467-6486
DOI
10.1111/j.1467-6486.1983.tb00205.x
Publisher site
See Article on Publisher Site

Abstract

ABSTRACT The concept of a managed market is developed and is seen as especially suitable for complex transactions as an alternative to internal hierarchical organization. It is argued that a number of augmenting processes, namely trust, routinization and mutual adjustment, usually associated with internal organization, can be used to good effect in a market. Hence the paper develops an approach to make‐buy decisions through a transactions cost model and exemplifies the augmenting processes in three case studies from branches of the engineering industry.

Journal

Journal of Management StudiesWiley

Published: Apr 1, 1983

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