Firms Empowered to Resolve Conflicts, Boost Productivity Through Innovative Organizational Strategies
This article talks about how organization theory contributes to transaction cost economics by looking at Oliver Williamson's idea of the firm. By blending ideas from both areas, Williamson offers unique insights on things like authority within firms, conflicts between coworkers, company culture, and making smart contracts. Understanding these areas helps to see how organizations can be better managed. So, mixing these theories together gives a clearer picture of how businesses can be organized and run efficiently.