2013 Decentralization Disruptive Innovation Efficiency 
Harvard Business Review
JUNE 25, 2013
Almost 80 years ago, Ronald Coase won the Nobel Prize in Economics for an essay that suggested that we do this for the sake of scalable efficiency — it costs less to coordinate activity within a firm than across independent entities. Business education Disruptive innovation Managing uncertainty'
Harvard Business Review
DECEMBER 15, 2017
This approach was successfully exported after the War to Europe and Japan to help decentralize economic power and promote an effective competitive process. The authorities accepted the increased risks from concentrated telecommunications, financial, and radio industries, among others, for the prospect of future efficiencies and innovation.
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