Information systems can serve as intermediaries between the buyers andthe sellers in a market, creating an "electronic marketplace"that lowers the buyers' cost to acquire information about seller pricesand product offerings. As a result, electronic marketplaces reduce theinefficiencies caused by...

A firm faces many problems that are inherently cross-functional. To solve them successfully requires the coordinated actions of many functional representatives acting in a decentralized setting. Functional managers, however, respond to their own individual incentives and may consequently fail to...

This text deals with two of the most popular concepts of organizational marketization: “intrapreneurship“ (corporate entrepreneurship) and the “internalisation of markets“. Historical roots and their development are subject of discussion as well as their internal logics, their mutual...

Business firms have been explained as internal markets or as communities. To be sustainable, however, they need to reconcile these two constituting elements that have mainly been touted as opposite and part of a dualistic relationship. We suggest that organizations may, in alternative, view...