Transaction Analysis of Business-Ecosystems

Abstract

Business-ecosystem is a rather new organizational form of interaction on market between customer and producer, which is used widely today by business-organizations of different organization and legal forms and types of economic activity. The article provides the analysis of business-ecosystems in view of the theory of transaction costs. The terms ‘ecosystem' was initially proposed to describe the environment of mutual existence of different biological beings. Later it was used for depicting the environment of business-organization. In this environment various antipodes exist and interact. At first sight they should avoid collaboration with each other, but in fact mutual coexistence intensifies every participant and fosters their development, therefore, they shall find forms and means of co-existence. In spite of the fact that business-ecosystem is a rather new trend in research in the field of economy and management, certain approaches to research and classification of the phenomenon have been created. The author in view of neo-institutional theory proves that business-ecosystem meets all classical canons, therefore it functions as a classical business-organization with similar goals and relevant tools.