Philip Sheldrake
Engineer. Architect @hiproj. Managing Partner @eulerpartners. Author @attenzi & ‘The Business of Influence’. Board Director @techUK. Director @netsocproj.
If the (transaction) costs of exchanging value in the society at large go down drastically as is happening today, the form and logic of economic and organizational entities necessarily need to change!
Networks and the Nature of the Firm
Tim O'Reilly
1.2K53
“The current technology revolution — social / mobile / analytics / cloud — has changed this cost equation. The same technologies powering hundreds of thousands of real-time ad auctions every single second can surely erode those transaction costs by a magnitude or two. If the social graph betrays our relationships in the big wide world, surely similar technology can illuminate the nature of our relationships in the narrower work context.”
