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If only diseconomies of scale existed, then the long-run average cost-minimizing firm size would be one worker, producing the minimal possible level of output. However, economies of scale also apply, which state that large firms can have lower per-unit costs due to buying at bulk discounts (components, insurance, real estate, advertising, etc.) and can also limit competition by buying out ...
As the size of a group increases: The number of possible person-to-person links (L) increases rapidly as the size of the group (N) increases (L = (N² - N) /2). In a four-member group there are six possible pairings; add a fifth member for each of the four to relate to and you have ten pairs.
Dunbar's number has become of interest in anthropology, evolutionary psychology, [12] statistics, and business management.For example, developers of social software are interested in it, as they need to know the size of social networks their software needs to take into account; and in the modern military, operational psychologists seek such data to support or refute policies related to ...
Williamson sees the limit on the size of the firm as being given partly by costs of delegation (as a firm's size increases its hierarchical bureaucracy does too), and the large firm's increasing inability to replicate the high-powered incentives of the residual income of an owner-entrepreneur. This is partly because it is in the nature of a ...
A group (often termed as a community, e-group or club) is a feature in many social networking services which allows users to create, post, comment to and read from their own interest- and niche-specific forums, often within the realm of virtual communities. Groups, which may allow for open or closed access, invitation and/or joining by other ...
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The Nature of the Firm" (1937) is an article by Ronald Coase. It offered an economic explanation of why individuals choose to form partnerships, companies, and other business entities rather than trading bilaterally through contracts on a market.
It determines which individuals get to participate in which decision-making processes, and thus to what extent their views shape the organization's actions. [2] Organizational structure can also be considered as the viewing glass or perspective through which individuals see their organization and its environment.