Evolution of the Boundaries of the Firm

The firm of today differs from the firm even some twenty years ago. Shift in industrial organization is prompted by technological advances, pertaining in particular to advances in information and communication technologies, that enable previously non-existent means of intra- and inter-firm interactions. The adoption of the latter derails the previously operable regulation approaches, and the need for redefining the firm emerges. This paper is focused on portraying the industrial dynamics through delineation of the evolution of the way the boundaries of the firm are being defined