- LoginAccess your ApplicationOr learn more about our programmes and applyAccess MyINSEAD
Almeida Costa L., Ghoshal S. (1995). The Essence of the Megacorporation: Shared Context not Structural Hierarchy Journal of Institutional and Theoretical Economics, 151(4), pp. 748-759.
Most economic theories of internal organization conceptualize the firm as a "hierarchy". In this essay, the authors argue against this conceptualization on the ground that a shared context rather than a structural hierarchy represents the essence of all internal organization, in general, and of the organization and governance of megacorporations, in particular.