Oliver E Williamson Vertical intergration is an organizational response to the contracting difficulties that attend intermediate product markets where trades that are supported by transaction-specific assets are exposed to hazard. – Oliver E Williamson Assets Quotes Attend Quotes Contracting Quotes Difficulties Quotes Exposed Quotes Hazard Quotes Intergration Quotes Intermediate Quotes Markets Quotes Organizational Quotes Product Quotes Response Quotes Supported Quotes Trades Quotes Transactionspecific Quotes Vertical Quotes The hypothesis that economic organization is the resultant of a series of historic accidents is intructive in that many organizational innovations appear to be the result of trial and error. Managerial discretion can take many forms, some very subtle. Individual managers may run slack operations; they may pursue subgoals that are at variance with corporate purposes; they can engage in self-dealing.
DeathDouglas MacArthur I’ve looked that old scoundrel death in the eye many times but this time I think he has me on the ropes. – Douglas MacArthur
ForgivenessLewis B Smedes Our history is an inevitable component of our being. One thing only can release us from the grip of our history. That one thing is forgiveness. – Lewis B Smedes
Pierre Bayle It is pure illusion to think that an opinion that passes down from century to century, from generation to generation, may not be entirely false. – Pierre Bayle
MedicalTammy Duckworth Had I been injured on the freeway and not in combat, it is likely that I would be bankrupt even though I had medical insurance through my civilian employer. – Tammy Duckworth
Stephen R George During that first year, I felt guilty that my wife was out working bringing in all our income, while I was at home playing on the computer, so I made myself treat writing like a job. – Stephen R George
Billy GrahamGod I used to read five psalms every day – that teaches me how to get along with God. Then I read a chapter of Proverbs every day and that teaches me how to get along with my fellow man. – Billy Graham
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