Evolution of Business and Market
About this Course
Each week is discussed in detail covering topics as diverse as the persistence of merchant guilds in medieval Europe, the historical emergence of the modern impersonal markets, and their promised benefits in comparison to traditional systems of business and the influence of pre-colonial institutions on development in Africa and Asia. The course also deals with how businesses could overcome frictions of information asymmetry and moral hazards. We first explore the role of networks and hierarchy in shaping traditional and modern business, and then discuss the historical evolution of the firm, from individual merchants and guilds to large multinational corporations. We discuss the importance and limits of formal institutions, the role of trust and cosmopolitan culture, and the impact of communication, transport and mass-media technologies.Created by: Indian Institute of Management Bangalore
Level: Introductory
Related Online Courses
Program and project managers are master storytellers. They have to be in order to weave high-priority information into a memorable narrative for their people. Customers must commit to and... more
Universities, government labs, and private companies invest billions of dollars in the research and development of breakthrough technologies that have the potential to transform industries and... more
Hoy más que nunca los ciudadanos demandan una administración pública ágil y proactiva que les permita hacer sus trámites sin moverse de sus casas –en otras palabras, demandan un gobierno digita... more
Now more than ever, you are going to school, working, and living in communities with people who think, look, and have beliefs different from your own. This 45-minute course will give you the skills... more
This course reveals the insider secrets you can use to tell stories your audiences will love. Skillful storytelling is critical for captivating, educating, and influencing your audience. Telling... more
Powered by
