DocumentCode
2560047
Title
Economic decision-making in the virtual firm
Author
Mason, Thomas W.
Author_Institution
Rose-Hulman Inst. of Technol., Terre Haute, IN, USA
fYear
1996
fDate
18-20 Aug 1996
Firstpage
362
Lastpage
365
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;
fLanguage
English
Publisher
ieee
Conference_Titel
Engineering and Technology Management, 1996. IEMC 96. Proceedings., International Conference on
Conference_Location
Vancouver, BC
Print_ISBN
0-7803-3552-X
Type
conf
DOI
10.1109/IEMC.1996.547842
Filename
547842
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