What are the results of working from home?
The home-workers also reported substantially higher work satisfaction and less “work exhaustion” in a psychological attitudes survey. At the end of the experiment, Ctrip’s management team was so impressed by the success of the WFH policy that they decided to roll it out to the entire firm.
When do people begin to organise their production in firms?
According to Ronald Coase, people begin to organise their production in firms when the transaction cost of coordinating production through the market exchange, given imperfect information, is greater than within the firm.
When did Ronald Coase come up with the theory of the firm?
According to Ronald Coase, people begin to organise their production in firms when the transaction cost of coordinating production through the market exchange, given imperfect information, is greater than within the firm. Ronald Coase set out his transaction cost theory of the firm in 1937,…
Why does a rigid distinction between firm and market fail?
George Barclay Richardson for example, notes that a rigid distinction fails because of the existence of intermediate forms between firm and market such as inter-firm co-operation.
What happens when you leave a law firm?
A number of these clients have been dealing exclusively with me as opposed to the firm’s partners, and I view them (rightly or wrongly) as ‘my’ clients. I’m leaving the firm shortly to set up my own practice in the same town and would like to notify these clients of my change in status, but I’m afraid the firm will sue me for ‘stealing business’.
How does a firm put its guiding policy into practice?
Through ________, a firm puts its guiding policy into practice by employing a set of coherent actions. A) strategy control B) strategy implementation C) strategy formulation D) strategy analysis
Where is Rei going to sell its headquarters?
The Kent-based outdoor retailer said it is in talks with “multiple interested parties” to sell the never-used 400,000-square-foot building and 8-acre campus.
Who is the decision making authority in an organization?
In a (n) _____________ organization, decision-making authority is concentrated at the top level of management. JayLo Corporation has experienced rapid growth during its five years of existence. While still relatively small, JayLo is now big enough that Jessa, the firm’s CEO, has decided to organize the firm into functional departments.