Construct · 1 fields · 1 citations

make-or-buy decision: a standalone construct

One name. One construct. A landmark on the map.

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Strategic management

the choice between producing a component in-house or purchasing it, explained by transaction costs such as asset specificity and uncertainty.

In strategic management, make-or-buy decision refers to the choice between producing a component in-house or purchasing it, explained by transaction costs such as asset specificity and uncertainty. This meaning comes from Walker (1984) in Administrative Science Quarterly.[1]

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructs component3 fields · 5 citationsjingle · one word, three constructs specificity4 fields · 4 citationsjingle · one word, four constructs

References

Walker, G., & Weber, D. (1984). A Transaction Cost Approach to Make-or-Buy Decisions. Administrative Science Quarterly, 29(3), 373. https://doi.org/10.2307/2393030

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