Service Strategy – How do you become Instrumental?
There is a well-known concept developed by Ronald Coase around organisational boundaries being determined by transaction costs.
This concept stated that organisations are faced with three decisions.
To make, buy or rent.
In some scenarios, it makes sense for organisations to own and operate assets, or conduct activities in-house, however, at other times you could seek alternatives from the open market.
When seeking alternatives from the open markets the key factor can be the transaction cost.… [Keep reading] “Service Strategy – How do you become Instrumental?”