Firms Evolve with Technology, Redefining Business Boundaries
The article discusses why companies exist and the factors that determine their size. It explores how economic theories and organizational structures shape businesses. The authors examine how technology and resources influence firm boundaries, leading to various organizational forms. They consider concepts like contracts, relationships between different roles, and the value of company assets in deciding how firms operate and grow. Ultimately, the study delves into the complexity of modern businesses and the challenges they face in defining their scope and structure.