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4_unforeseen_institutional_transaction_costs_general_process_model.png

Caption: Transactions, relationships or interfaces between actors with different institutional understandings can lead to misjudgements, misunderstandings and conflicts and a host of unanticipated institutional costs -- money costs, time costs, relationship damage, and reputational damage.

Reference: Orr & Scott, (2005) Institutional Exceptions: Ignorance, Sensemaking, Response and Costs, CRGP Working Paper Series.