Dear All,
For those still interested in looking to economists as members of strange tribes and economics as a dance with obscure meanings, I translated Terry’s phrase about transaction costs and mass-customization into a sonnet:
transaction cost issues of design
– of particular importance in some
areas of product design such as mass-customization.
Transaction costs
Associated
With design
Give
Some useful
Insights
Into relative
Effectiveness
Of the different
Value creation
Processes associated
With design activities
In different product
Development contexts
Best regards,
Eduardo
On 29-07-2011 14:35, Ken Friedman wrote:
> An issue that has not yet been mentioned is
> transaction cost issues of design – of particular importance in some
> areas of product design such as mass-customization. Transaction costs
> associated with design give some useful insights into relative
> effectiveness of the different value creation processes associated with
> design activities in different product development contexts
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