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Connecting the dots

Reading through my prior posts, I have written blog posts about transaction costs, opportunism, successful team, and transfer pricing. Blogging helps me to understand the concept much better than other classes that I am just listening to the lectures and taking tests on the concepts that I was taught. Blogging helps us to think about real-world situation and our own experiences regarding the concept and elaborate how that experiences are connected to the concept/theme of the blog and further in our course. And, I believe that applying concept to the real-world is the most important in the learning process, since it is actual purpose of the learning. I realized that I can connect the dots among the blog posts, and also the concepts that we have learned in the class. In general way of connecting dots among blog posts, transaction costs occur when one tries to make the organization better. And, in order to have the better performing organization, one would need to have a successful ...
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Opportunism

Opportunism is “taking advantage of circumstances”. With the definition of opportunism, one would think that “wise” people would act opportunistically since it is an additional benefit for them. However, there are some people who don’t act opportunistically because they would want to be a “good citizen” or their opportunistic action is considered unethical. In class, we discussed an example of being a “good citizen.” Good citizens (students) would help students who are enrolled later in the course to figure out what is going on in the class since they have been in class from the beginning, and they know what is going on in the class. That action is not required but as a good citizen, students would help others to get caught up in the class. Also, voting is an example of good citizen’s behavior. Voting for presidential election isn’t required but good citizen would vote and express one’s thought for the better society. Taking advantage can be considered unethical in a sense of...
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