Brown, J.Duguid, P.2016-04-192016-04-191998California Management Review 40(3): 90-1110008-1256http://hdl.handle.net/10919/68875Metadata only recordTransaction costs are portrayed as the glue that holds an organization together, and many of these are thought to derive from inefficiencies in communication. The authors conclude that new communication technologies might drive transaction costs so low that hierarchical firms will dissolve into markets of self-organizing individuals. Recently, a new view of the firm has emerged - that of a knowledge based view. This article stresses that organizing knowledge is a critical part of what firms do.text/plainen-USIn CopyrightCommon marketsGlobalizationEnterprise developmentFirmTransactionsKnowledge managementKnow-howKnow-whatBusiness enterprisesCyberspaceGovernanceAbstractCopyright 1998 ABI/INFORM Global