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Standard as Interface

In: Transaction Cost Management

Author

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  • Chihiro Suematsu

    (Kyoto University)

Abstract

The concept of fixing interfaces strongly relates to the one of a standard. In order to gain higher ROI of an interface, fixing alone is not sufficient enough. The recognition and full use by every related person (effectively the standardization) is indispensable. If the number of users is small, the ROI decreases, which prevents compensating the cost for fixing the interface. Such valueless developments frequently occur in companies, amounting to huge losses.

Suggested Citation

  • Chihiro Suematsu, 2014. "Standard as Interface," Management for Professionals, in: Transaction Cost Management, edition 127, chapter 3, pages 65-95, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-319-06889-3_3
    DOI: 10.1007/978-3-319-06889-3_3
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