Managerial Economics and Organizational Architecture / Edition 3

Managerial Economics and Organizational Architecture / Edition 3

by James Brickley, Jerold L. Zimmerman, Clifford W. Smith, Jerold L. Zimmerman
     
 

With two distinct objectives, this text’s approach to managerial economics takes models from recent economics research and applies the research to the internal structure of a firm. After teaching basic applied economics, the authors look inside the firm and apply this analysis to management decision making.
Authors Brickley,
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Overview

With two distinct objectives, this text’s approach to managerial economics takes models from recent economics research and applies the research to the internal structure of a firm. After teaching basic applied economics, the authors look inside the firm and apply this analysis to management decision making.
Authors Brickley, Smith, and Zimmerman contend that organizational architecture consists of three aspects of corporate organization: the assignment of decision rights within the company; methods of rewarding individuals; the structure of systems to evaluate the performance of both individuals and business units. These three components can be likened to a stool with three legs. If one of the legs is shorter, the stool is out of balance. These three elements must be in balance in the organization as well.

Product Details

ISBN-13:
9780072828092
Publisher:
McGraw-Hill Higher Education
Publication date:
05/01/2003
Edition description:
Third
Pages:
678
Product dimensions:
8.42(w) x 10.30(h) x 1.26(d)

Table of Contents

Pt. 1Basic Concepts
Ch. 1Introduction2
Ch. 2Economists' View of Behavior14
Ch. 3Markets, Organizations, and the Role of Knowledge41
Pt. 2Managerial Economics
Ch. 4Demand70
Ch. 5Production and Cost98
Ch. 6Market Structure128
Ch. 7Pricing with Market Power151
Ch. 8Economics of Strategy: Creating and Capturing Value177
Ch. 9Economics of Strategy: Game Theory212
Ch. 10Incentive Conflicts and Contracts239
Pt. 3Designing Organizational Architecture
Ch. 11Organizational Architecture262
Ch. 12Decision Rights: The Level of Empowerment284
Ch. 13Decision Rights: Bundling Tasks into Jobs and Subunits313
Ch. 14Attracting and Retaining Qualified Employees338
Ch. 15Incentive Compensation368
Ch. 16Individual Performance Evaluation397
Ch. 17Divisional Performance Evaluation428
Pt. 4Applications of Organizational Architecture
Ch. 18Vertical Integration and Outsourcing460
Ch. 19Leadership: Motivating Change within Organizations496
Ch. 20Understanding the Business Environment: The Economics of Regulation519
Ch. 21Ethics and Organizational Architecture547
Ch. 22Organizational Architecture and the Process of Management Innovation572
Glossary595
Index605

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