Lessons From the Merchants of Venice

Lessons From the Merchants of Venice

By Discovery Lean Six Sigma

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The importance of network effects, contractual innovations, and coordination

Making the most of its position as an important seaport, Venice’s remarkable economic development during the Middle Ages relied on network effects, contractual innovation and coordination among the players involved in long-distance trade. Companies today still exploit these mechanisms to succeed in underserved markets.

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Original: https://www.qualitydigest.com/inside/management-article/lessons-merchants-venice-072617.html
By: Taran March @ Quality Digest
Posted: July 26, 2017, 7:02 pm

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