英文摘要 |
Recounting transaction cost economics (a la Coase), this paper repositions entrepreneurship to the center stage for firms to create their competitive advantages through inducing consumers to choose to buy rather than to make. We study two firms, Sinyi and Wowprime, as two examples of different strategies to mitigate customers' external transaction costs resulting from measurement uncertainty and governance uncertainty. In the age of consumer sovereignty, strategies designing by considering what obstructs customers from buying can be rather effective, and the perspective of transaction cost theory provides a useful concept for firms to gain competitive advantage. |