Title :
Economic decision-making in the virtual firm
Author :
Mason, Thomas W.
Author_Institution :
Rose-Hulman Inst. of Technol., Terre Haute, IN, USA
Abstract :
Microeconomics has contributed much to the foundations of management practice from investment and financial structure, to strategic analysis of markets and the organization of activity. However, rapidly changing technology and the increasing importance of knowledge and communication represent significant challenges to static theories of the firm. The paper explores shortcomings of the traditional model suggests that the model of the entrepreneur is more appropriate for the virtual enterprises of the 21st century
Keywords :
commerce; corporate modelling; economics; communication; economic decision-making; entrepreneur model; financial structure; investment; knowledge; management practice; markets; microeconomics; strategic analysis; virtual enterprises; virtual firm; Consumer behavior; Costs; Decision making; Human resource management; Investments; Microeconomics; Power generation economics; Production; Research and development; Virtual enterprises;
Conference_Titel :
Engineering and Technology Management, 1996. IEMC 96. Proceedings., International Conference on
Conference_Location :
Vancouver, BC
Print_ISBN :
0-7803-3552-X
DOI :
10.1109/IEMC.1996.547842
