Governance, Leadership, And Management In Adaptive And Inventive Digital Communities: A Research Agenda To Reduce Waste In Graduate Education

Building on transaction cost economics, this work describes the four different forms of communities and introduces transaction benefits as a means of explaining their existence. A research project to investigate governance, leadership, and management in two of the four forms of communities, adaptive and inventive, is described. It is argued that these digital communities are a way of engaging graduate students in wealth creation and thus ‘waste’ in graduate education can be reduced.

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