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On Sustainable Development of Organization from the New Institutional Economics Perspective

The sustainable development of organization is the micro-foundation for sustainable development of economy and society.This paper analyzes the "collective action dilemma" in the implementation process of the sustainable development strategy from an organizational perspective.The dilemma lies in the contradiction of short-term efficiency and long-term adaptation to the mechanism.The core is the relationship between people in which two key factors are the incentive and transaction costs.The former refers to taking the initiative to change the rules for higher income,and the latter is to reduce the communication costs.It's a process of redistribution of interests,with the adjustment and reallocation of property rights.Those who have a greater impact on the process and the main beneficiaries will help the sustainable development of the organization if they have the residual income rights and control rights.