Asset Versatility, Transaction Costs And Corporate Operating Efficiency

Under the background of rapid development of social development,the specificity of assets can not meet the needs of modern enterprises,the importance and advantages of asset versatility gradually become prominent.Theoretical research shows that the generality of assets can make enterprise assets no longer apply to a certain aspect,but can be converted between various fields of enterprises,can realize the maximum value of resources,is to reduce the cost of enterprise management and improve the efficiency of enterprise management necessary means.But how does the generality of assets affect the transaction cost and the efficiency of enterprise selling enterprises,what is the path and mechanism? Taking the generality of assets as the theory,selecting Xiaomi Group as a typical case,using a single case study method,around the "why does the generality of assets affect transaction cost and business efficiency? What is the impact path of asset versatility on transaction costs and business efficiency",from the asset generality of asset flexibility,asset modularity characteristics,specifically analyze the impact of each path on business cost and business efficiency.And try to establish the asset generality of enterprise transaction cost and operating efficiency impact path of the theoretical framework.The results show that the flexibility of asset versatility can reduce the research and development cost and sales cost of enterprises through the enhancement of user value,thereby improving the operating income and operating profit of enterprises,and the modularization of assets can reduce the research and development cost,sales cost,information cost,and improve the enterprise's operating income and return on net assets through the integration of the enterprise industry.Therefore,the generality of assets can reduce transaction costs and improve the efficiency of enterprises.The conclusion of the study not only clarifies the relationship between the transaction cost of assets and the mechanism of operation efficiency of enterprises,broadens the theoretical boundary,but also has realistic guiding significance for how to apply the common characteristics of assets.