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The Essence of the Megacorporation: Shared Context not Structural Hierarchy

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.

The Essence of the Megacorporation: Shared Context not Structural Hierarchy 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.

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